North America Aerial Imaging Market is expected to register a lucrative growth between 2018 and 2024 with a CAGR of over 11%. The market growth is driven by an increased adoption of aerial imaging platforms in applications such as disaster management, military, forestry, and urban planning. Aerial imaging & mapping platforms are widely used by designers and urban planners in road planning, real estate management, and land use calculations. The region exhibits a strong uptake of aerial imaging platforms due to the presence of major aerial imaging solution providers who are focusing on new product developments powered by AI and machine learning technologies.
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The UAV/drone platform is estimated to hold a major aerial imaging market share of around 80% in 2024 due to the growing inclination of various industry verticals such as defense, agriculture, and construction toward the drone technology. As these platforms provide a cost-effective way to gather data as compared to helicopters and other imaging platforms, the demand for UAVs will increase over the forecast timeline.
The geospatial mapping segment held a major market share of around 33% in 2017 and is projected to dominate the aerial imaging market with a share of over 28% in 2024. The widespread use of geospatial mapping software in organizations to visualize massive volumes of data sets for making informed decisions based on the geography will contribute toward the market growth.
The government sector is expected to hold a majority of the aerial imaging market share of over 23% by 2024. Government agencies are taking various efforts for the development and use of modern UAVs. For instance, in May 2016, the Federal Aviation Administration (FAA) signed the Cooperation Research and Development Agreement (CRDA) with Liteye Systems Inc., Sensofusion, and Gryphon Sensors. Under this agreement, the FAA detected unauthorized UAV operations in and around the airport. These initiatives addressed the challenges for safety integration of UAS in the airspace.
The U.S. will dominate the aerial imaging market in North America over the forecast period owing to huge investments by the manufacturers in the drone technology. Technology providers in the U.S. are partnering with global UAV players to extend their technological capabilities. For instance, in May 2018, Microsoft partnered with DJI to bring Microsoft’s machine learning capabilities to its commercial drones. The new drone SDK for Windows 10 offers full control and data transfer to Windows 10 PCs, thereby enabling the direct connection of drone with computers.
As the adoption of aerial imaging and surveying solutions is expanding, companies are enhancing their existing imagery capabilities and developing new solutions to cater to the needs of customers. For instance, in March 2018, Global UAV signed an agreement with MicaSense to enhance its aerial imagery capabilities. MicaSense RedEdge-M camera in Global UAV’s helicopters and other UAV platforms helped them to collect high-quality multispectral image data.
Some of the companies operating in the North America aerial imaging market include Google, Global UAV Technologies, GeoVantage, Eagle View Technologies, Digital Aerial Solutions, PrecisionHawk, Landiscor Real Estate Mapping, Cooper Aerial Surveys, Kucera International, 3D Robotics, AeroVironment, DroneDeploy, and Hoverfly Technologies.
Segments we Cover:
North America Aerial Imaging Market Statistics, By Platform
North America Aerial Imaging Market Trends, By Imaging Type
North America Aerial Imaging Market Growth, By Application
North America Aerial Imaging Market Size, By End Use
The above information has also been provided for the following countries: