Asia Pacific Aerial Imaging Market to surpass $ 1 Bn by 2024

March 02, 2020


According to the research report titled ‘Asia Pacific Aerial Imaging Market Size & Share By Platform, Imaging Type, Application, End-Use, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024’ available with Market Study Report LLC, Asia Pacific aerial imaging market is expected to cross USD 1 billion by the year 2024.
 

According to the report, Asia Pacific aerial imaging market share is likely to witness prolific growth in the ensuing years, on account of extensive usage of UAVs for mapping and surveying in several applications, such as defense, disaster management, and urban planning. Many countries, such as India and China are proactively deploying drone technology for reconnaissance purposes. Also, increasing incidences of terrorist activities have increased the adoption of aerial imaging platforms with an aim to improve aerial surveillance for anti-insurgency operations and monitoring borders.
 

The report projects that the agriculture & forestry application segment of Asia Pacific aerial imaging market will record 18% CAGR over 2018-2024. The growth will stem from massive adoption of drones, such as quadcopters, fixed-wing aircraft, and multi-rotors. These drones help in monitoring crops and examining plant flaws.
 

Elaborating on the regional landscape, India is likely to be at the forefront of Asia Pacific aerial imaging market outlook. The regional growth can be credited to the amplifying adoption of fixed-wing aircraft and drones for reconnaissance and surveillance activities. Moreover, India is more prone to natural disasters, resulting in towering demand for imaging platforms, which can be used for hazard mapping applications. Such factors are expected to significantly spur aerial imaging industry growth. Apparently, India aerial imaging market is anticipated to grow with a CAGR of 21% through 2024.

 

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Some of the major players endeavoring in Asia Pacific aerial imaging industry are Cyberhawk Innovations, Fugro N.V., Parrot SA, Global UAV Technologies, Google, GeoVantage, Digital Aerial Solutions, Eagle View Technologies, and PrecisionHawk. Other companies in the business include Kucera International, Landiscor Real Estate Mapping, 3D Robotics, DroneDeploy, Hoverfly Technologies, Cooper Aerial Surveys, and AeroVironment.


Frequently Asked Questions (FAQ) :

According to the report, Asia Pacific aerial imaging market share is likely to witness prolific growth in the ensuing years, on account of extensive usage of UAVs for mapping and surveying in several applications, such as defense, disaster management, and urban planning. Many countries, such as India and China are proactively deploying drone technology for reconnaissance purposes. Also, increasing incidences of terrorist activities have increased the adoption of aerial imaging platforms with an aim to improve aerial surveillance for anti-insurgency operations and monitoring borders.
Report projects that the agriculture & forestry application segment of Asia Pacific aerial imaging market will record 18% CAGR over 2018-2024. The growth will stem from massive adoption of drones, such as quadcopters, fixed-wing aircraft, and multi-rotors. These drones help in monitoring crops and examining plant flaws.
Elaborating on the regional landscape, India is likely to be at the forefront of Asia Pacific aerial imaging market outlook. The regional growth can be credited to the amplifying adoption of fixed-wing aircraft and drones for reconnaissance and surveillance activities. Moreover, India is more prone to natural disasters, resulting in towering demand for imaging platforms, which can be used for hazard mapping applications. Such factors are expected to significantly spur aerial imaging industry growth. Apparently, India aerial imaging market is anticipated to grow with a CAGR of 21% through 2024.
Some of the major players endeavoring in Asia Pacific aerial imaging industry are Cyberhawk Innovations, Fugro N.V., Parrot SA, Global UAV Technologies, Google, GeoVantage, Digital Aerial Solutions, Eagle View Technologies, and PrecisionHawk. Othercompanies in the business include Kucera International, Landiscor Real Estate Mapping, 3D Robotics, DroneDeploy, Hoverfly Technologies, Cooper Aerial Surveys, and AeroVironment.