Aerial imagery provides an enriched point of vision that further provides the amplified vision of larger areas from distant angles that enables witnessing surface of the earth in an authenticated manner. The global aerial imagery market is anticipated to reach USD 5.2 billion by 2024, at a CAGR of 14.5% during 2018-2024.
The capability of aerial imagery in order to provide an improved and sudden view of any surface specifically in construction activities for instance for the development of the water-based and thermal project is expected to bolster the demand for aerial imagery market across the globe. The ability of this technology to enable the business organizations in monitoring and recording surface of the earth that ultimately helps in freezing time and advancing imaging resolutions is ultimately creating huge momentum for the growth of the market.
Moreover, increasing adoption of this technology in several areas such as surveillance and monitoring, energy and resource management, geospatial, conservation and research and disaster management is the major factor driving the growth of this market. The ability to plot information related to post-disaster incidence as it provides high resolution that enables easy access and understandable data to the disaster management crew that helps them in adhering remedial activities. However, the increasing geometric distortion in images and security concern related to no-fly zones (NFZ) are the major factors hampering the growth of the aerial imagery market.
The global aerial imagery market on the basis of type is segmented into vertical, low oblique and high oblique. Among these segments, the high oblique category is expected to witness the fastest growth of 15.3% during the forecast period and the vertical imagery segment is projected to generate revenue of USD 1.9 billion by 2024.
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On the basis of application, the aerial imagery market is surveillance and monitoring, geospatial, conservation and research, construction and development, disaster management, exhibition and entertainment, and energy and resource management. Among these applications, surveillance and monitoring application account for the largest revenue in the market with more than 20% share in 2017.
Geographically, North America is expected to generate the largest revenue of USD 841.8 million and is also expected to witness the fastest CAGR of 15.5% during the forecast period in the market. Increasing technological progressions that are extensively used for charting oil & gas plants, sky rise buildings and dams are expected to contribute towards the growth of the aerial imagery market in this region. Moreover, Asia-Pacific is expected to witness considerable growth during the forecast period. The growth of this market is attributed towards swelling demand for monitoring and surveillance in order to resist global threats.
The key players are further focusing upon technological advancements to develop the novel environment for aerial imagery. This is further strengthening the market presence and position of these organizations in the global market. Some of the major players in the aerial imagery industry are EagleView Technologies, Inc., Fugro N.V., Digital Aerial Solutions LLC, Google Inc., Kucera International Inc., Blom ASA, Getmapping PLC, Nearmap Ltd., High Eye Aerial Imaging Inc., and NRC Group ASA
Global Aerial Imagery Market Coverage
Type Insight and Forecast 2014 - 2024
Application Insight and Forecast 2014 - 2024
End User Insight and Forecast 2014 - 2024
Aerial Imagery Market by Region
Rest of the World (RoW)
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