Published Date : Jun 27, 2017
Albany, New York, June 27, 2017: A recent market research report added to the ever-expanding market research report repository of MarketResearchReports.biz presents an in-depth reports of the present state of development and the future growth prospects of the global market for aerial imaging. The report is titled “Global Aerial Imaging Market: Size, Trends & Forecasts (2017-2021).” The global aerial imaging market has been forecast for the period between 2017 and 2021. The forecast has been based on growth drivers, trends, previous growth patterns, and projected future trends.
The report states that the market presently features a low level of competitive rivalry among companies. The competitive landscape is fragmented owing to a number of small-scale vendors offering a wide array of services across a number of coverage areas. The market is expected to witness a notable rise in consolidation as larger firms are keen on collaborating with or acquiring small companies with remarkable technological acumen and product offerings.
The market has witnessed expansion at an excellent pace over the period between 2012 and 2016 and is expected to follow similar growth trend over the report’s forecast period as well. The market is expected to benefit significantly from factors such as the vast rise in the number of theme parks across the globe, the massive expansion of the solar photovoltaic industry, and the thriving construction industry across emerging economies.
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However, certain factors such as security concerns related to security-critical data captured by aerial imaging, the easy availability of alternatives such as satellite imagery and drones, government regulations, and high entry barriers for new vendors are projected to hamper the growth prospects of the market to a certain extent. Key trends observed in the market in the recent years include the increased preference to outsourcing aerial imagery work, rising applications of aerial imagery in the insurance sector, and rising usage in deep-water discoveries could help gain better growth prospects.
The key end-users of aerial imaging technology are sectors such as government, insurance, civil engineering, law enforcement, telecommunications, environment, and media. Of these, the government and environment sectors are expected to present highly promising growth opportunities before the global aerial imaging technology market in the next few years.
The report also presents a detailed overview of the market based on a regional segmentation. The regional markets for aerial imaging market examined in the report are North America and Asia Pacific. A thorough reports of the growth prospects of the aerial imaging market in these regional markets over the report’s forecast period is included in the report.
The report also provides a comprehensive reports of the business profiles of some of the most notable vendors operating in the global aerial imaging industry. Market vendors in the global aerial imaging market profiled in the report are Google, Inc. (Alphabet, Inc.), NRC Group ASA, Nearmap Limited, and Fugro Worldwide.
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