Home PRODUCTSAPPLICATIONS Aerial Imaging Market to Value US$ 4,125.2 Mn at CAGR of 14.2% by 2025

Aerial Imaging Market to Value US$ 4,125.2 Mn at CAGR of 14.2% by 2025

by Editor

The Global Aerial Imaging Market is growing at a robust speed ever since existing mapping technology is updated. Existing companies are focusing on strategic collaborations along with improvement in salient features such as volume based calculations, urban planning, and route designing along with intelligence surveillance. Currently, EagleView Technologies, Inc., NRC Group ASA, Nearmap Ltd., and Fugro N.V, hold about one-third of the market revenue.

Their extensive network distribution in major geographies will enable them retain their stronghold in the global aerial imaging market in the coming years. Furthermore, these companies are likely to gain from the increasing demand for aerial imaging services in the coming years.

Other players operating in the global Aerial Imaging Solutions Market are Kucera International Inc., Landiscor Real Estate Mapping, GeoVantage Inc., Cooper Aerial Surveys Co., Digital Aerial Solutions LLC, 3D Robotics, DroneDeploy, Airobotics, and others.

According to a report published by Fortune Business Insights, titled” Aerial Imaging Market: Global Market Analysis, Insights, and Forecast, 2018 – 2025″, the global aerial imaging technology market was valued at US$ 1,439.3 Mn in 2017 and is likely to reach an estimated value of US$ 4,125.2 Mn by the end of 2025, exhibiting CAGR of 14.2% between 2018 and 2025. The UAV/drones segment held an approximate of 45.7% of the global market for aerial mapping in 2017 and is anticipated to be the fastest growing segment in terms of platform.

The global aerial imaging technology market is dominated by North America with a market valuation of US$ 683.7 Mn as per the 2017 reports. This region is likely to continue dominating the market in future owing to the rising implementation of aerial imaging in agricultural and forestry industries. Besides this, the market for aerial imaging resources in North America is anticipated to exhibit faster growth rate because of the implementation of innovative platforms such as UAVs and drones in order to gather required data from high resolution aerial image captured.

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