Global Aerial Imaging Market Grow at a CAGR of 12% During the Forecast Period 2018-2024: Analysis of Key Players, Trends, Drivers
MarketStudyReport.com Adds New Aerial Imaging Market 2018 – 2024 research report providing information and data By Platform, By Imaging Type, By End Use, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 300 Pages with table and figures in it.
Aerial Imaging Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a 12% CAGR to 2024.
Aerial Imaging market is projected to surpass USD 4 billion by 2024. Aerial imaging is the process of taking images/photographs from a point in the air using different imaging platforms such as Unmanned Aerial Vehicles (UAVs), fixed-wing aircraft, helicopters, along with traditional platforms such as kites, parachutes, blimps & balloons, and hand-held or vehicle-mounted poles. Aerial imaging is a useful tool for studying the changes on the earth’s surface over a period of time. The images are particularly useful in analyzing land use and land cover and for comparing the newly recorded data with older data sets.
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The aerial imaging market is projected to exhibit a robust growth with a CAGR of around 13% between 2018 and 2024. The growth can be attributed to the factors such as increasing adoption of UAVs for aerial imaging applications, rising incidents of natural disasters, technological advancements in aerial camera systems, and increasing uptake of aerial imaging platforms in the military and defense sectors for surveillance and monitoring purposes. Also, the adoption of aerial imaging platforms in the government sector for applications such as environmental studies, homeland security, research initiatives, and urban planning is witnessing a steady uptake. Moreover, with the growing popularity of smart cities, aerial photography is likely to play an important role in facilitating the improved management of urban infrastructure in a highly connected and centrally-managed ecosystem.
Aerial images are basically captured in two formats, vertical and oblique images. Vertical images are the most common types of aerial images used for aerial survey and remote sensing purposes. They are more valuable for depicting streets and location of open spaces in the surrounding area. Oblique images are more useful for capturing the appearance of buildings as they are captured from an angle and offer a better perspective. The determination of feature elevation can be more accurate using oblique images as compared to the vertical ones, acquired at the same focal length. Consequently, the uptake of oblique aerial photography is expected to increase significantly between 2018 and 2024.
The competition in the aerial imaging market is driven by technological innovations in drone technology as well as sensor technologies for facilitating the acquisition of high-level aerial images. Due to the aggressive expansion and product development initiatives undertaken by the UAV/drone manufacturers, the competition in the aerial imaging market is expected to intensify over the forecast timeline. Also, with the growing utility of aerial imaging in emerging applications, such as urban planning and disaster management, the demand for imaging services and platforms will increase considerably between 2018 and 2024. Consequently, the companies will take measures to modernize their imaging platforms and offer enhanced and affordable imaging services to their customers.
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North America is projected to account for the majority market share of around 42% by 2024. This key market positioning is attributed to the early uptake of advanced aerial imaging solutions by the government and agriculture sectors and high investments in the drone technology for the military and defense applications in the U.S. With the increasing inclination of the farmers based in the U.S. toward modern precision agriculture practices, the demand for aerial photography is likely to increase consistently over the forecast timeline.
Asia Pacific aerial imaging market is projected to register an accelerated growth at a CAGR of over 16% during the forecast period. With the emergence of low-cost alternatives for aerial imaging in the form of UAVs/drones, their adoption in the emerging economies in the region is expected to increase considerably over the coming five years. Also, with the presence of some of the leading global drone manufacturers in China, the market growth is likely to be supported by the strong sales and distribution network of these manufacturers in the Asia Pacific region.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Aerial Imaging Industry Insights
Chapter 4 Competitive Landscape
Chapter 5 Aerial Imaging Market, By Platform
Chapter 6 Aerial Imaging Market, By Imaging Type
Chapter 7 Aerial Imaging Market, By Application
Chapter 8. Aerial Imaging market, By End Use
Chapter 9. Aerial Imaging market, By Region
Chapter 10 Company Profiles
Thermal Imaging Market Application Potential, Competitive Market Share & Forecast, 2018 – 2024
Thermal Imaging Market is projected to surpass USD 10 billion by 2024. Technological advancements in thermographic imagery have led to the development of mobile solutions for numerous applications including surveillance, remote sensing, and space imaging.
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