Europe Aerial Imaging Market is set to reach USD 500mn with 10% CAGR by 2024

Europe Aerial Imaging Market growth is propelled by growing usage of aerial and videography services for agricultural applications.

India - May 3, 2019 /MarketersMedia/ —

Graphical Research has released a new research study on Europe Aerial Imaging Market Analysis 2018-2023 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The report also outlines the competitive framework of the aerial imaging industry detailing the SWOT analysis and market share dominance of the prominent players.

The Europe aerial imaging market growth is attributed to a rise in the deployment of drone technology for defense and disaster management applications. For instance, in September 2016, emergency services in the region used high-tech drones and robots for rebuilding damaged towns.

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Robots provided by the European Commission-run project, Tradr were used to assist rescue efforts in affected towns. Other factors influencing the market growth are the several efforts taken by government agencies for augmenting drone adoption and the growing implementation of AI to enhance UAV capabilities.

The drones/UAV segment is projected to register the fastest growth rate of around 11% over the forecast timeline due to the extensive adoption of these platforms for capturing aerial imagery. Multirotor drones are expected to witness an increase in adoption as they offer several benefits such as easier control and more stability as compared to single rotor drones.

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The oil & gas market is expected to grow at a CAGR of around 10% over the forecast timeline. Oil & gas industries in the region are using drones to monitor pipelines, underground exploration, aerial inspection, and to provide visual updates about the site.

Segments we cover:

Europe Aerial Imaging Market Statistics, By Platform
• Fixed-wing Aircraft
• Helicopter
• UAV/drone

Europe Aerial Imaging Market Trends, By Imaging Type
• Vertical Imaging
• Oblique Imaging

For instance, in August 2015, Repsol S.A., an integrated global energy company based in Madrid used UAVs to inspect the flares at its Sines complex in Portugal by obtaining high-resolution images of the state of structures that measure more than 100m.

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Europe Aerial Imaging Market Growth, By Application
• Geospatial Mapping
• Disaster Management
• Energy & Resource Management
• Surveillance & Monitoring
• Urban Planning
• Conservation & Research

Europe Aerial Imaging Market Size, By End Use
• Government
• Energy
• Defense
• Agriculture & Forestry
• Archeology & Civil engineering
• Oil & gas
• Others (Tourism)

The key market players in the Europe aerial imaging market include Fugro N.V., Cyberhawk Innovations, Parrot SA, 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.

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Info:
Name: Parikhit B.
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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1137/europe-aerial-imaging-market

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