Aerial Imaging Market to cross USD 4 Billion by 2024

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Global Aerial Imaging Market to reach USD 4
Billion by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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• Key Insights from Aerial imaging Market
• Aerial Imaging Market size is set to exceed USD 4
  billion by 2024 according to a new research
  report by Global Market Insights, Inc. The aerial
  imaging market growth is attributed to the rising
  adoption of drones for aerial photography
  applications. There has been an exponential
  increase in the use of UAVs for aerial
  photography applications over the past decade due
  to the key cost-benefits that they offer over
  traditional imaging platforms such as helicopter
  and fixed-wing aircraft-mounted camera platforms.
• Drones offer excellent maneuverability in
  congested urban areas where large aircraft cannot
  venture for capturing aerial images. This
  capability of drones is majorly leveraged by the
  real-estate sector for capturing aerial
  photographs of construction projects in urban
  areas. There has been a significant increase in
  the incidents of natural disasters over the past
  four decades. According to the Centre for
  Research on the Epidemiology of Disasters (CRED),
  the Emergency Events Database (EM-DAT) reports
  that the frequency of natural disasters has
  increased nearly three-fold from over 1,300
  events in 19751984 to over 3,900 in 20052014.
  Aerial imaging largely facilitates the timely
  assessment of affected areas and assists in
  quickly expediting appropriate repair and relief
  operations.

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Continued...

• The UAV/drone platform held a major market share
  of around 71 in 2017 due to its rapidly growing
  adoption of the platform for aerial imaging in a
  diverse set of sectors including government,
  construction, oil gas, military defense, and
  agriculture. UAVs prove to be a cost-effective
  alternative to helicopters and fixed-wing
  aircraft for aerial imaging, which enables their
  adoption for small-scale and low-budget imaging
  applications. There has been a significant
  decline in the usage of traditional aerial
  photography platforms, such as parachutes,
  balloons, kites, and vehicle-mounted poles, due
  to the advent of drone technology that serves as
  a reliable alternative for capturing aerial
  images in varying climatic conditions.
• The vertical imaging segment held the majority
  share of the aerial imaging market in 2017 due to
  the major utility of the imaging practice in
  geospatial mapping applications. As vertical
  aerial images provide useful data for preparing
  precise digital models of terrains, they are
  widely used for mapping functions by government
  institutions.

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Aerial Imaging Market Size, By Application, 2017
- 2024 (USD Million)

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Continued...

• Oblique imaging segment is expected to exhibit
  accelerated growth over the forecast timeline
  with a CAGR of over 15. This excellent growth is
  attributed to the benefits of better
  determination of feature elevations and coverage
  of more ground area compared to vertical imaging
  taken from the same altitude with the same focal
  length.
• The geospatial mapping segment dominated the
  aerial mapping market in 2017 due to the
  extensive applications of different aerial
  imaging modalities in geospatial mapping
  functions. Aerial images are utilized for
  photogrammetric mapping services that use remote
  sensing technologies and photogrammetry to
  produce geospatial mapping deliverables.
• The urban planning segment is projected to
  register the fastest growth of over 17 between
  2018 and 2024 due to the increasing adoption of
  aerial photography by government institutions for
  improving road planning, real estate management,
  and land use calculations. As aerial images
  provide city planners with regular up-to-date
  information on traffic patterns, buildings,
  railroads, bridges, water features, and other
  urban infrastructure components, their utility
  for urban planning is expected to grow
  significantly over the forecast period.

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Continued...

• The military defense market is expected to
  exhibit the fastest growth between 2018 and 2024
  with a CAGR of over 15. This high growth is
  attributed to the large-scale adoption of aerial
  imaging platforms in the defense sector for
  applications such as mission simulation, mission
  planning, and air defense planning. Aerial images
  are also used for mapping applications, wherein
  the maps are used for planning military
  operations and enabling ground-based combat
  troops to find their way.
• North America is projected to account for the
  majority market share of around 42 by 2024 due
  to large-scale investments in aerial imaging
  technologies by major market players such as
  Google and government institutions such as the
  Federal Aviation Administration (FAA) in the U.S.
  Due to the rapid adoption of UAVs for imaging
  applications in the agriculture sector in the
  U.S., the region is expected to witness a steady
  growth between 2018 and 2024.
• The companies operating in the aerial imaging
  market are focusing on offering affordable
  imaging services to the customers as well as
  forging strategic partnerships with leading
  market players to extend their portfolio of
  aerial photography services and enhance their
  technological expertise.

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Industry Coverage

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Continued...

• For instance, in October 2017, Agribotix, one of
  the leading providers of drone-data processing
  solutions extended its partnership with The
  Climate Corporation, a subsidiary of Monsanto
  Company, to offer aerial imagery technology to
  the farmers in Brazil through solutions such as
  the Climate FieldView and Agribotixs FarmLens
  platform. In another instance, in May 2018, DJI,
  a leading global manufacturer of consumer and
  commercial drones, entered into a strategic
  partnership with Microsoft to bring advanced
  machine learning and AI capabilities to DJI
  drones. DJI also selected Microsofts Azure as a
  preferred cloud computing platform to leverage
  the platforms machine learning and AI
  capabilities to process large volumes of aerial
  imagery into actionable insights for its
  customers.
• Some of the key players operating in the aerial
  imaging market are Eagle View Technologies,
  Digital Aerial Solutions, Cooper Aerial Surveys,
  Kucera International, Google, Fugro EarthData,
  Nearmap, DJI, 3D Robotics, Airobotics,
  DroneDeploy, PrecisionHawk, Getmapping, and
  GeoVantage.

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Table OF Content

• Chapter 1. Methodology Scope
• 1.1. Methodology
• 1.1.1. Initial data exploration
• 1.1.2. Statistical model and forecast
• 1.1.3. Industry insights and validation
• 1.1.4. Scope, definition and research parameters
• 1.2. Data Sources
• 1.2.1. Primary
• 1.2.2. Secondary
• Chapter 2. Executive Summary
• 2.1. Aerial imaging industry 360º synopsis, 2013
  - 2024
• 2.1.1. Region trends
• 2.1.2. Platform trends
• 2.1.3. Imaging type trends
• 2.1.4. Application trends
• 2.1.5. End use trends

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Continued...

• Chapter 3. Aerial Imaging Industry Insights
• 3.1. Introduction
• 3.2. Evolution of aerial imaging technology
• 3.3. Industry segmentation
• 3.4. Aerial imaging market news
• 3.5. Aerial imaging use cases
• 3.5.1. Construction
• 3.5.2. Agriculture
• 3.5.3. Oil gas
• 3.5.4. Disaster management
• 3.6. Aerial imaging industry landscape, 2013 -
  2024
• 3.7. Aerial imaging industry ecosystem analysis
• 3.8. Regulatory landscape
• 3.9. Technology innovation landscape
• 3.9.1. Drones and AI
• 3.9.2. Advancements in sensor technologies

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Continued...

• 3.9.3. Collision avoidance technology
• 3.10. Aerial imaging industry impact forces
• 3.10.1. Growth drivers
• 3.10.1.1. Rapidly growing popularity of UAVs
  for aerial imaging
• 3.10.1.2. Increasing usage of aerial imaging
  in defense applications
• 3.10.1.3. Growing incidents of natural
  disasters
• 3.10.1.4. Consistent advancements in aerial
  camera systems
• 3.10.1.5. Venture capital investment in drone
  technology
• 3.10.2. Industry pitfalls challenges
• 3.10.2.1. Security and privacy concerns
• 3.10.2.2. Stringent aviation regulatory
  policies
• 3.11. Growth potential analysis
• 3.12. Porter's analysis
• 3.13. PESTEL analysis

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