New Jersey, United States-COMPETITIVE ANALYSIS
The adoption of aerial imagery offerings has multiplied thanks to their diverse programs inclusive of photogrammetric surveys, development of topographic maps, environmental studies, surveillance, and others. Increased software areas among diverse verticals, consisting of agriculture, forestry, strength & resource, and civil engineering are expected to pressure the market boom in the coming years.
In addition, factors consisting of rising in the call for aerial imaging in disaster danger discount and prevention, the surge in the call for numerous industrial applications, and the use of aerial imaging technology in putting in place 5G infrastructure are predicted to supplement the aerial imaging marketplace boom. However, stringent government regulations concerning country-wide security, inaccuracy in photograph information series, and a rise in worries over cyber-protection information security regarding drones are expected to bog down the marketplace growth. Technological improvements such as advanced motion & temperature sensors in cameras, 3D mapping software programs, unmanned aerial automobiles, and others, have created sufficient possibilities for market growth.
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KEY MARKET PLAYERS
• Aerial Imaging Productions, LLC
• Blom Norway AS
• Cooper Aerial Surveys Co.
• Digital Aerial Solutions (DAS), LLC
• EagleView Technologies, Inc.
• Fugro N.V.
• Global UAV Technologies Ltd
• Kucera International
• Landiscor
DIVISION SEGMENTS
Key Market Segments
• By Application
o Geospatial Mapping
o Disaster Management
o Energy and Resource Management
o Surveillance and Monitoring
o Urban Planning
o Others
• By End User
o Government
o Military and Defense
o Energy
o Agriculture and Forestry
o Civil Engineering
o Media and Entertainment
o Commercial
• By Platform
o Fixed Wing Aircraft
o Helicopter
o UAV and Drone
o Others
• By Region
o North America
o Europe
o Asia-Pacific
IMPACT OF COVID-19
The aerial imaging enterprise become predicted to witness consistent growth in 2020; however, due to the adverse effect of the sizeable COVID-19 pandemic. Revenue crunch and rising protection charges have been the most important demanding situations adversely affecting the aerial imaging enterprise. Furthermore, the reduced GDP of essential economies, which includes the U.S., the United Kingdom, China, France, India, Germany, and others, in 2020, resulted in a decline in funding for emerging technology, which includes aerial imaging. The discount in aerospace spending had a negative effect on unmanned plane development and deployment plans, particularly unmanned aerial automobiles (UAVs), thereby proscribing the availability for UAV-primarily based aerial imaging services globally.
RECENT DEVELOPMENTS
• January 2022 – Iris Automation, Doosan Mobility Innovation (DMI), and Drone America agreed to use Doosan’s hydrogen gas cellular era to discover the feasibility and possibilities for lengthy-range self-sufficient unmanned aerial automobiles (UAV).
• December 2021 – The US Navy and Boeing initiated the testing phase of the MQ-25 T1 to take a look at the asset, an unmanned aerial refueler. The first check effectively ensured the possible destiny integration of unmanned cars for refueling purposes in navy operations.
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