Global Aerial Imagery Market (Size of USD 2.0 billion in 2017) to Witness 14.5% CAGR During 2018 – 2024

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Global Aerial Imagery Market
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Industry Overview

• The global aerial imagery market is anticipated
  to reach USD 5.2 billion by 2023, at a CAGR of
  14.5 during 2018-2024. The high growth of this
  market is attributed towards the ability of
  aerial imagery to provide sudden view that is
  primarily used in construction activities such as
  development of thermal or water-based project.
  Moreover, improved vision point that helps in
  providing augmented view from distant angles of
  larger area in order to witness surface of earth
  in more authentic manner is the major factor
  driving the growth of the market.
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  ery-market

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market segmentation

• On the basis of type, the aerial imagery market
  is segmented into vertical, low oblique and high
  oblique. Among these segments high oblique
  category is expected to witness fastest growth of
  15.3 CAGR 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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Geographic Overview

• Geographically, North America accounted for 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. The
  region is the largest market owing to increasing
  technological advancement in mapping of sky rise
  buildings, oil gas plants and dams.
  Additionally, increasing investment in smart city
  regions and expansion in urbanization is expected
  to further bolster the growth of aerial imagery
  market in North America. Moreover, Asia-Pacific
  is expected to witness considerable growth during
  the forecast period due to increasing demand for
  surveillance and monitoring in order to resist
  global threats.

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Competition among key players

• The aerial imagery market is observing
  acquisitions by the key players, also there are
  companies that are increasing their market share
  by technological advancements and new product
  development. 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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