March 02, 2020
According to the research report titled ‘North America Aerial Imaging Market Size By Platform, Imaging Type, Application, End Use, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024’, available at MarketStudyReport.com, the North America aerial imaging market is expected to cross USD 1.7 billion by the year 2024.
According to the report, North America aerial imaging industry growth is credited to several strategic collaborations and novel product development programs undertaken by enterprises operating in this business sphere. Various regulatory federations across the region such as Ottawa International Airport Authority, Federal Aviation Administration (FAA), and Transport Canada have approved the use of drones for personal and commercial purposes. Thus, favorable federal reforms which promote drone technology are further aiding the expansion of the market.
The report states that oblique imaging segment is presumed to expand with a CAGR of 14% during the period of 2018 and 2024. Mapping systems facilitate in capturing and processing high resolution images. Moreover, it also enables users to identify and analyze the side as well as the top of an object. Thus, rising adoption of mapping systems owing to their capabilities is contributing towards the popularity of oblique imaging systems across the globe.
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Based on the application spectrum, the report cites that defense application of aerial imaging systems in North America is expected to grow with a CAGR of more than 13% during the forecast period. Increasing usage of UAVs in security & defense sector is stimulating the North America aerial imaging industry outlook. In 2018 for instance, the U.S. army chose Raytheon’s Coyote remote aircraft systems and KRFS radar in order to counter potential UAS threats.
The prominent companies operating in the North America aerial imaging market are Hoverfly Technologies, DroneDeploy, AeroVironment, 3D Robotics, Kucera International, Cooper Aerial Surveys, Digital Aerial Solutions, Eagle View Technologies, GeoVantage, Global UAV Technologies, PrecisionHawk, Google, and Landiscor Real Estate Mapping.
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