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Surging Natural Disasters Drive Growth in the Aerial Imaging Market, Unveiling Opportunities in Disaster Response and Monitoring
Aerial Imaging Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the aerial imaging industry. This report on aerial imaging market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The aerial imaging market size has grown rapidly in recent years. It will grow from $3.45 billion in 2023 to $3.96 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to increased infrastructure development, rise in precision agriculture, global connectivity and remote work, regulatory support, economic growth and industrial expansion. The aerial imaging market size is expected to see rapid growth in the next few years. It will grow to $7.02 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%.
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Key Market Players:
Digital Aerial Solutions LLC, Airobotics Ltd., Cooper Aerial Surveys Co., EagleView Technologies Inc., Fugro N.V., SZ DJI Technology Co. Ltd., 3D Robotics Inc are prominent players in the aerial imaging industry.
Market Drivers:
According to the Aerial Imaging Market Report 2023 by The Business Research Company, the key factors driving the growth of the aerial imaging market, includes the increasing construction industry. The construction industry refers to a wide range of activities related to the planning, design, development, construction, renovation, and maintenance of physical structures and infrastructure. Aerial imaging is used in the construction industry to improve project efficiency, safety, and decision-making. It provides a comprehensive and accurate view of construction sites, contributing to the successful planning, execution, and management of construction projects. For instance, in September 2023, according to reports shared by the United States Census Bureau, a US-based government agency, the overall value of residential and non-residential construction in the US increased by over 8% between 2020 and 2021. Furthermore, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, global construction output in 2020 stood at US$10.7 trillion.
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Market segments for aerial imaging include:
1) By Imaging Type: Vertical Imaging, Oblique Imaging
2) By Platform: Fixed Wing Aircraft, Helicopter, UAV And Drone, Other Platform
3) By Application: Geospatial Mapping, Infrastructure Planning, Asset Inventory Management, Environmental Monitoring, National And Urban Mapping, Surveillance And Monitoring, Disaster Management, Other Applications
4) By End-Use: Government, Energy, Military And Defense, Agriculture And Forestry, Archaeology And Civil Engineering, Oil And Gas, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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Key Findings of Aerial Imaging Market
o In 2015, government segment dominated…
