Global Aerial Imagery Market Research Report, Share, Growth, Analysis and Forecast to 2024
Posted: Jul 28, 2018
Aerial imagery provides enriched point of vision that further provides amplified vision of larger areas from distant angles that enables witnessing of 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.
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The global aerial imagery market on the basis of type is segmented into vertical, low oblique and high oblique. Among these segments high oblique category is expected to witness 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.
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 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.
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The key players are further focusing upon technological advancements to develop 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
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