Portland, OR, Dec. 09, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global aerial imaging market was pegged at $2.25 billion in 2020, and is expected to reach $8.51 billion by 2030, growing at a CAGR of 14.2% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
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Aerial Imaging Market Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2021–2030 |
| Base Year | 2020 |
| Market Size in 2020 | $2.25 billion |
| Market Size in 2030 | $8.51 billion |
| CAGR | 14.2% |
| No. of Pages in Report | 259 |
| Segments covered | Application, End User, Platform, Region. |
| Drivers | Rise in demand for aerial imaging in varied commercial applications |
| Use of aerial imaging technology in setting up 5G infrastructure | |
| Increase in use of aerial imaging for disaster risk reduction and prevention | |
| Opportunities | Increase in incorporation of augmented reality with drones |
| Rise in need for aerial imaging for urban planning | |
| Restrains | Inaccuracy in image data collection |
| Rise in concerns over cyber-security and data security regarding drones |
Covid-19 scenario:
- The Covid-19 pandemic adversely affected the market due to revenue crunch and rise in maintenance costs. Moreover, reduced GDP of major economies resulted in decline in investment in cutting-edge technologies such as aerial imaging.
- The demand for aerospace spending reduced during the pandemic, which had a negative impact on unmanned aircraft development and deployment plans.
The report segments the global aerial imaging market on the basis of application, end user, platform, and region.
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Based on application, the geospatial mapping segment held the largest share in 2020, accounting for around one-fourth of the market. However, the urban planning segment is estimated to register the highest CAGR of 17.2% during the forecast period.
On the basis of end user, the government segment dominated the market in 2020, contributing to around one-fifth of the market. However, the agriculture and forestry segment is projected to manifest the highest CAGR of 15.8% during the forecast period.
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The global aerial imaging market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific is expected to register the highest CAGR of 16.0% during the forecast period.
The global aerial imaging market includes an in-depth analysis of the prime market players such as Aerial Imaging Productions, LLC, Cooper Aerial Surveys Co., Blom Norway AS, EagleView Technologies, Inc., Digital Aerial Solutions (DAS), LLC, Global UAV Technologies Ltd., Fugro N.V., Kucera International, and Landiscor.
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Similar Reports We Have on Aersoapce Industry:
Commercial Satellite Imaging Market by Application (Geospatial data acquisition & mapping, Urban Planning & Development, Disaster Management, Energy & Natural Resource Management, Surveillance & Security, Defense & Intelligence and Other) and End User (Government, Military & Defense, Forestry and Agriculture, Energy, Civil Engineering and Archaeology, Transportation and Logistics and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Latin America Commercial Satellite Imaging Market by End User (Government, Defense, Forestry & Agriculture, Energy, Civil Engineering & Archaeology, and Others), Type (Shortwave Infrared and Visible RGB), and Application (Geospatial Data Acquisition & Mapping, Urban Planning & Development, Disaster Management, Energy & Natural Resource Management, and Surveillance & Security): Opportunity Analysis and Industry Forecast, 2017 – 2030.
Satellite Image Data Services Market by Service (Data Analytics and Image Data), and Vertical (Forestry, Agriculture, Environmental, Defense & Security, Environmental, Energy & Power, Maritime, Engineering & Infrastructure and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.
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