NEW YORK, May 28, 2018 (GLOBE NEWSWIRE) -- The aerial imagery market size is projected to grow at a CAGR of 13.4% during 2017-2023, reach $3.5 billion by 2023. The market is growing mainly due to its ability to provide instantaneous view, primarily required for town planning or construction of any water or thermal based project. Improved vantage point, to provide magnified view of large areas from distant angles to see the features of the earth’s surface clearly in their actual context, is also a prime driver for its increased demand.
Request to get the sample pages: https://www.psmarketresearch.com/market-analy...ort-sample
In terms of application, the aerial imagery market is categorized into disaster management, energy and resource management, surveillance and monitoring, conservation and research, and construction and development. The demand for aerial imagery for use in energy & resource management applications is expected to grow at the fastest rate, during the forecast period. However, with aerial imagery being predominantly used in various surveillance and monitoring purposes, this application segment is expected to continue generating the highest revenue in the global market, during the forecast period.
In Asia-Pacific, the aerial imagery market is booming at an exorbitant pace as the region sees a rising demand for aerial imagery in surveillance and monitoring to check terror threats. The Asia-Pacific aerial imagery market is expected to account for more than 20% of the global market share by 2023. The market for aerial imagery in the Asia-Pacific region is mainly led by China and India. The market in China is driven by increasing government focus towards developing high class infrastructure, which requires land mapping across the country.
Browse Report Summary with Detailed TOC on “Aerial Imagery Market” at: https://www.psmarketresearch.com/market-analy...ery-market
The global aerial imagery market is moving towards consolidation as the market is witnessing acquisitions and partnerships among key players. The leading players such as Fugro N.V., Digital Aerial Solutions LLC, EagleView Technologies Inc., Getmapping PLC and Google Inc. are focusing on technological improvements and integrated and joint innovation practices to build an entire new ecosystem for aerial imagery. This would further strengthen their position and market presence.
More Related Reports by P&S Market Research
Government Cloud Market
North America is estimated to contribute the highest revenue, accounting for nearly 34% to the global government cloud market in 2017 and is expected to generate a revenue of more than $15,000 million by 2023, driven by the high demand and huge investments in cloud-based solutions from government agencies.
https://www.psmarketresearch.com/market-analy...oud-market
Commercial Satellite Imaging Market
Geospatial data acquisition & mapping has been the largest application segment in the commercial satellite imaging market globally, accounting for a major share of the revenues in 2016. The market for disaster management is expected to grow at the highest pace during the forecast period. On the other hand, commercial enterprise has been the major end-user in commercial satellite imaging market, whereas defence segment is expected to be the fastest growing end-user industry during forecast period.
https://www.psmarketresearch.com/market-analy...ing-market
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact: P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
