Aerial Imagery Market to Witness 14.5% CAGR During 2018–2024
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 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 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.
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.
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The key players are further focusing upon technological advancements to develop a 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
Source: VynZ Research