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UAVs can be deployed even in highly dangerous military operations, since these can execute accurate and
repetitive commands in unfavorable settings. Farmers use UAVs to monitor their fields and crops. The
insurance sector uses it to survey damages after floods or hurricanes and thus settle claims. Energy
companies use aerial imagery to inspect transmission lines, gather data from solar & wind power plants,
and provide additional security to these plants.
Government applications are estimated to cross over USD 950 million by 2024. The government sector
uses drones for urban planning, energy management, environmental planning, and homeland security.
Commercial applications could generate maximum revenue during the forecast period. These include
advertising and promotional activities. Aerial photography provides land cover maps, soil maps, and
vegetation maps with the help of spatial data. Combining this technology with GIS can aid in urban
planning.
Regions include Europe, North America, Latin America (LATAM), Asia Pacific (APAC), and Middle East
& Africa (MEA). APAC is expected to garner over USD 500 million by 2024. The growth can be
attributed to the presence of semiconductor industries in the region. Consumer needs and rapid
technological developments will fuel demand. North America will lead the global Aerial Imaging Market
over the forecast period. This owes to the growth of the telecommunications industry. Europe will
experience modest growth in the aforementioned period.
Prominent players in the global Aerial Imaging Market are Kucera International Inc., EagleView
Technologies, AeroMetric Inc., and Google Inc. Some of these companies market their own software &
equipment, while others lease them or operate within the industry by collaborating with software
providers. For instance, EagleView Technologies offers real estate, energy & utilities, construction, real
estate, and safety & federal applications. New market entrants can act as data partners to existing
companies or act as separate imaging companies. Participants undertake initiatives to develop current
technologies to gain a competitive edge in the market.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/next-generation-
technologies-industry
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