Aerial Imaging Market Size, Share and Industry Overview 2024A Chapter by Markets InsightsThe global aerial imaging market is projected to reach USD 3.3 billion by 2024. It will grow at an estimated 13.5% CAGR over the forecast phase (2016-2024).The global Aerial
Imaging Market is
projected to reach USD 3.3 billion by 2024. Aerial imaging involves
capturing images of the ground using unmanned aerial vehicles (UAVs),
helicopters, dirigibles, blimps, kites, and parachutes. It provides useful
information for volume calculation map renovations, planning, and route design. Factors driving the market are popularity of aerial images and the need
for geospatial information in various fields. It derives much of its demand
from forestry & agriculture and other commercial sectors. Advances in
technology such as LiDAR (Light Detection and Ranging), IMU (Inertial
Measurement Unit) and airborne GPS (global positioning system) can boost market
growth during the forecast period (2016-2024). Camera technologies such as
Microsoft’s Hawk & Eagle and Vexcel Imaging’s UltraCam Osprey can fuel
industry demand. But security concerns and operational issues can impede
growth. The worldwide Aerial Imaging Market is segmented according to
applications and regions. Insurance, government, military & defense,
agricultural & forestry, GIS (geographical information system), civil
engineering, commercial, and energy are the key application areas. Military
& defense will exceed USD 250 million by 2024. UAVs and Personal Aerial
Mapping System (PAMS) are used by the military for reconnaissance missions.
These systems are also employed in ground-based commercial applications. PAMS
provide detailed photographs of surfaces at affordable costs. Browse Details of Report @ https://goo.gl/B47D8y UAVs can be deployed even in highly dangerous military operations, since
these can execute accurate and repetitive commands in unfavorable settings.
Farmers use UAVs to monitor their fields and crops. The insurance sector uses
it to survey damages after floods or hurricanes and thus settle claims. Energy
companies use aerial imagery to inspect transmission lines, gather data from
solar & wind power plants, and provide additional security to these plants. Government applications are estimated to cross over USD 950 million by
2024. The government sector uses drones for urban planning, energy management,
environmental planning, and homeland security. Commercial applications could
generate maximum revenue during the forecast period. These include advertising
and promotional activities. Aerial photography provides land cover maps, soil
maps, and vegetation maps with the help of spatial data. Combining this
technology with GIS can aid in urban planning. Regions include Europe, North America, Latin America (LATAM), Asia
Pacific (APAC), and Middle East & Africa (MEA). APAC is expected to garner
over USD 500 million by 2024. The growth can be attributed to the presence of
semiconductor industries in the region. Consumer needs and rapid technological
developments will fuel demand. North America will lead the global Aerial
Imaging Market over the forecast period. This owes to the growth of the
telecommunications industry. Europe will experience modest growth in the aforementioned
period. Prominent players in the global Aerial Imaging Market are Kucera
International Inc., EagleView Technologies, AeroMetric Inc., and Google Inc.
Some of these companies market their own software & equipment, while others
lease them or operate within the industry by collaborating with software
providers. For instance, EagleView Technologies offers real estate, energy
& utilities, construction, real estate, and safety & federal
applications. New market entrants can act as data partners to existing
companies or act as separate imaging companies. Participants undertake
initiatives to develop current technologies to gain a competitive edge in the
market. Browse Related Category Market Reports @ https://goo.gl/o5JMqD © 2017 Markets Insights |
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Added on August 16, 2017 Last Updated on August 16, 2017 Tags: aerial imaging, aerial imaging maket size AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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