Because it has numerous semiconductor manufacturers across the region, the Asia Pacific aerial imaging market is estimated to grow at a CAGR of 13.4 percent from 2015-2022.
According to a new research report by Global Market Insights, the aerial imaging market is estimated to grow to $2.64 billion by 2022. Such growth is expected due to the growing use of imagery in an expanding group of applications, such as geospatial technology, construction and development, research and conservation, and disaster management. Rising technological innovation in aerial platforms and camera systems also is anticipated to drive market growth during the next few years.
The report notes that location-based services with remote sensing are increasing in prominence across numerous applications associated with navigation, mapping, location-based mobile advertising, remote monitoring and emergency services.
Another key component of the expected boom is increased use of unmanned aerial systems (UASs), which have low operating costs in comparison to manned counterparts. According to the Association for Unmanned Vehicle Systems International, the direct operational cost involved in unmanned systems is around $3.36 per hour, while manned systems cost around $250-$600 per hour.
Click here to access the full report.
