At 10% CAGR North America Aerial Imaging Market expanding during 2019-2024

The UAV/drone platform to hold a major North America aerial imaging market share of around 80% in 2024 due to the growing inclination of various industry verticals such as defense, agriculture, and construction toward the drone technology.

India - April 8, 2019 /MarketersMedia/ —

A new market study, titled “North America Aerial Imaging Market Statistics By End Use (Government, Energy, Military & Defense, Agriculture & Forestry, Archaeology & Civil Engineering, Oil & Gas), By Platform (Fixed-wing Aircraft, Helicopter, UAV/drone), By Imaging Type (Vertical Imaging, Oblique Imaging), By Application (Geospatial Mapping, Disaster Management, Energy & Resource Management, Surveillance & Monitoring, Urban Planning, Conservation & Research)”, predicted to surpass USD 1.7 Billion By 2024, has been featured on Graphical Research.

North America aerial imaging market growth is attributed to various strategic partnerships and new product development initiatives undertaken by companies. For instance, in January 2017, A&L Canada Laboratories Inc. entered into a strategic partnership with PrecisionHawk to improve in-field decision-making solutions for farmers. Their combined capabilities provided farmers with the ability to view ground data, including soil and plant tissue analysis. The use of drones for commercial and personal purposes is regulated by various government authorities such as Transport Canada, Federal Aviation Administration (FAA), and Ottawa International Airport Authority. Such regulations largely influence the market growth in this region.

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The oblique imaging segment is expected to register an accelerated growth between 2018 and 2024 with a CAGR of over 14%. The segment growth is driven by an extensive adoption of mapping systems that capture and process high-resolution oblique imagery and allow users to see and measure the top as well as sides of an object.

The aerial imaging market in the defense sector is projected to register the fastest growth rate of over 13% from 2018 to 2024 due to the increasing adoption of UAVs in security & defense applications. For instance, in July 2018, the U.S. army selected Raytheon’s Coyote unmanned aircraft system and the KRFS radar for countering UAS threats.

Some of the companies operating in the North America aerial imaging market are Landiscor Real Estate Mapping, Google, PrecisionHawk, Global UAV Technologies, GeoVantage, Eagle View Technologies, Digital Aerial Solutions, Cooper Aerial Surveys, Kucera International, 3D Robotics, AeroVironment, DroneDeploy, and Hoverfly Technologies.

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Segments Covered in this Report:

North America Aerial Imaging Market Trends, By Imaging Type
o Vertical Imaging
o Oblique Imaging

North America Aerial Imaging Market Growth, By Application
o Geospatial Mapping
o Disaster Management
o Energy & Resource Management
o Surveillance & Monitoring
o Urban Planning
o Conservation & Research

North America Aerial Imaging Market Statistics, By Platform
o Fixed-wing Aircraft
o Helicopter
o UAV/drone

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North America Aerial Imaging Market Size, By End Use
o Government
o Energy
o Defense
o Agriculture & Forestry
o Archeology & Civil engineering
o Oil & gas
o Others (Tourism)

The above information has also been provided for the following countries:
o U.S.
o Canada

Get Related Reports:

1. Europe Aerial Imaging Market

2. Asia Pacific Aerial Imaging Market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1138/north-america-aerial-imaging-market

Source URL: https://marketersmedia.com/at-10-cagr-north-america-aerial-imaging-market-expanding-during-2019-2024/499732

Source: MarketersMedia

Release ID: 499732