Pune, India -- (SBWire) -- 03/08/2019 --The Graphical Research report provides a comprehensive analysis of the "North America Aerial Imaging Market By Platform, By Imaging Type (Vertical Imaging, Oblique Imaging), By Application, By End Use (Government, Energy, Military & Defense, Agriculture & Forestry, Archaeology & Civil Engineering, Oil & Gas)", estimated to cross USD 1.7 Billion By 2024.
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 we Covered in this Report:
North America Aerial Imaging Market Statistics, By Platform
o Fixed-wing Aircraft
o Helicopter
o UAV/drone
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
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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
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North America Aerial Imaging Market to Exceed $1.7bn by 2024: Google, Global UAV Technologies, GeoVantage, Eagle View Technologies, Digital Aerial Solutions, 3D Robotics
North America Aerial Imaging Market is expected to register a lucrative growth between 2018 and 2024 with a CAGR of over 11%. The market growth is driven by an increased adoption of aerial imaging platforms in applications such as disaster management, military, forestry, and urban planning.