The global aerial imagery market is anticipated to reach USD 5.2 billion by 2024, at a CAGR of 14.5% during 2018-2024.
Aerial imagery provides an enriched point of vision that further provides the amplified vision of larger areas from distant angles that enables witnessing surface of the earth in an authenticated manner.
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The global aerial imagery market on the basis of type is segmented into vertical, low oblique and high oblique. Among these segments, the high oblique category is expected to witness the fastest growth of 15.3% during the forecast period and the vertical imagery segment is projected to generate revenue of USD 1.9 billion by 2024.
Geographically, North America is expected to generate the largest revenue of USD 841.8 million and is also expected to witness the fastest CAGR of 15.5% during the forecast period in the market. Increasing technological progressions that are extensively used for charting oil & gas plants, sky rise buildings and dams are expected to contribute towards the growth of the aerial imagery market in this region.
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The key players are further focusing upon technological advancements to develop the novel environment for aerial imagery. This is further strengthening the market presence and position of these organizations in the global market. Some of the major players in the aerial imagery industry are EagleView Technologies, Inc., Fugro N.V., Digital Aerial Solutions LLC, Google Inc., Kucera International Inc., Blom ASA, Getmapping PLC, Nearmap Ltd., High Eye Aerial Imaging Inc., and NRC Group ASA.
Source: VynZ Research