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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 ae rial
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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