October 11, 2017 - 10:34 AM EDT
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Aerial Imaging Market - Segmentation Analysis and Forecasts by Technavio

LONDON

According to the latest market study released by Technavio, the global aerial imaging market is expected to grow at a CAGR of almost 16% during the predicted period.

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Technavio has published a new report on the global aerial imaging market from 2017-2021. (Graphic: B ...

Technavio has published a new report on the global aerial imaging market from 2017-2021. (Graphic: Business Wire)

This research report titled ‘Global Aerial Imaging Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

During 2017-2019, the market is expected to constantly grow owing to the increased demand for aerial imagery for precision agriculture. Aerial imagery provides precision agriculture solutions for farming operations throughout the process. It helps leverage aerial imaging technology to operate efficiently, save costs, and improve performance and productivity of the crop. It increases efficiency by pre-determining locations for land sampling based on real-time conditions. It also provides a comprehensive view of fields not visible from roads, paths, and vehicles.

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Technavio’s analysts categorize the global aerial imaging market into seven major segments by end user. They are:

  • Oil and gas
  • Infrastructure and buildings
  • Mining
  • Sustainable energy
  • Public sector
  • Forestry and agriculture
  • Military and defense

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The top three end-user segments of the global aerial imaging market are discussed below:

Oil and gas

The oil and gas market share is slowly being replaced by gas and renewable energy sources because of the rapid depletion of non-renewable energy sources. The oil and gas industry still have to meet the demand-supply gap in addition to contending increased rates of depletion of producing reservoirs. Aerial imagery provides benefits, including field surveying and exploration of resources. Complete understanding of geospatial landscapes helps in successful oil and gas production.

According to Raghu Raj Singh, a lead IT professional services research analyst from Technavio, “Drones with the latest technology and software produce aerial imagery to maximize field productivity. Accurate GIS data management and survey plant exhibits allow the oil and gas industry to mobilize and deploy surveying assets for the large projects in a timely manner. Aerial imagery provides comprehensive high accurate surveying and mapping benefits for the oil and gas industry.”

Infrastructure and buildings

Aerial imagery offers advanced preventative maintenance services with its high-resolution video-based surveys of buildings, towers, bridges, and other large structures. Aerial imagery provides detailed reports on aspects, including structural integrity, water ingress, paint finish, and stonework condition. This information is mostly useful for critical infrastructure protection and planning and acts as a resource in disaster preparedness, response, and relief activity.

“Site-specific imaging assures customized coverage to meet planning and infrastructure requirements. In March 2017, an app named Project Sunroof created by Google can track buildings in the US that are solar viable. The app can calculate the amount of sun hitting the roof through 3D models derived from aerial imagery,” says Raghu.

Military and defense

The major reason for the growth of the aerial imaging market by military and defense is that the aerial imagery allows the military commander on the ground to make real-time decisions in war events. It provides ground surveys to assess the war situations with high accuracy. An important driver that is to be considered is the increased spending by the US and Canadian governments on the military.

An increase in military expenditure is necessary to purchase military equipment, weapons systems, aircraft, navy vessels, and tanks. These amounts will also be spent on acquiring the latest applications such as military reconnaissance and intelligence-gathering applications. It helps gather military intelligence or information about terrorist activities.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Cooper Aerial
  • Fugro
  • Kucera International
  • BLOMASA

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com


Source: Business Wire (October 11, 2017 - 10:34 AM EDT)

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