Pune, India, July 19, 2023 (GLOBE NEWSWIRE) -- The global aerial imaging market size was USD 5.88 billion in 2022 and is projected to grow from USD 7.51 billion in 2023 to USD 36.70 billion in 2029 exhibiting a CAGR of 25.44% during the forecast period.
This information is presented by Fortune Business Insights, in its report titled, “Aerial Imaging Market, 2023-2029.”
Aerial imaging finds applications in various industries, including agriculture, construction, oil and gas, forestry, real estate, and infrastructure development. The need for accurate and up-to-date spatial data for planning, analysis, and decision-making processes is driving the demand for aerial imaging solutions.
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List of Key Players Profiled in the Aerial Imaging Market Report:
- Nearmap Inc. (U.S.)
- EagleView Technologies Inc. (U.S.)
- Cooper Aerial Surveys Co (U.S.)
- Vexcel Imaging Inc. (U.S.)
- Fugro N.V (Netherlands)
- AgEagle Aerial Systems Inc. (U.S.)
- Dronegenuity Inc. (U.S.)
- Ceres Imaging Inc (U.S.)
- Geovantage Inc (U.S.)
- Dronedeploy Inc. (U.S.)
Report Scope and Segmentation-
| Report Coverage | Details |
| Forecast Period | 2023-2029 |
| Forecast CAGR | 25.44% |
| 2029 Value Projection | USD 36.70 billion |
| Market Size in 2023 | USD 7.51 Billion |
| Historical Data | 2018 - 2020 |
| No. of Pages | 170 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
|
| Regions Covered |
|
| Aerial Imaging Market Growth Drivers | Rising Demand for Surveillance in the Government and Defense Sectors Will Propel the Growth of the Market |
| Increasing Demand for Aerial Imagery in Oil and Gas and Construction Drive Market Growth |
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Segmentation
Vertical Aerial Imaging Segment Held the Highest Share in 2021 Due to Growth in Various Mapping Related Applications
Based on the camera orientation, the market is classified into vertical and oblique
In terms of camera orientation, the global market is categorized into oblique and vertical.
The oblique segment held a higher market share and is projected to grow with the highest growth rate during the forecast period.
Low Oblique Segment Will Showcase Remarkable Growth Due to Rising Demand for Real Estate and Other Applications
By Oblique, the market is divided into Low and High Oblique.
Oblique aerial photographs provide the viewer with a comprehensible image of a location and is useful for looking at foreground building frontages.
The Low Oblique segment will grow with the highest CAGR during the forecast period.
Growing Use of Aerial Imaging by the Governments in Different Countries to Drive the Growth of the Market
Based on End-Use, the market is classified into Government, Defense, Forestry and Agriculture and Others (Infrastructure, Transport, Media, and Entertainment)
The Government segment is set to grow at the highest CAGR during the forecasted period.
The global aerial imaging market has been segmented into North America, Europe, Asia Pacific and the Rest of the World.
Aerial imaging data is often integrated with Geographic Information Systems (GIS) and remote sensing technologies to analyze and extract valuable information. The integration of aerial imagery with these technologies enhances spatial analysis capabilities and decision-making processes.
Report Coverage
The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective. The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for technology in the near future.
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Driving Factors
Rising Demand for Surveillance in Government and Defense Sector Will Propel Market Growth
Due to the numerous uses for aerial imagery services, including the creation of topographic maps, surveillance, photogrammetric surveys, and others, their use has substantially increased over the past few years. The demand for aerial imagery has increased as a result of the expanding use of surveillance drones for applications in public, wildlife, and critical infrastructure safety and security.
Regional Insights
North America to Hold Dominant Share Backed by Increasing Adoption of Technology
The aerial imaging market in North America, which accounted for the highest share in 2021, is anticipated to expand at a moderate CAGR over the expected period. Due to the region's thriving trade, economy, and presence of significant industries, this expansion is ascribed to the rising use of aerial images in the U.S. and Canada.
Due to the demand for aerial photography in the real estate and infrastructure sectors, Europe will have moderate development throughout the projection period. Due to the presence of large manufacturers and the usage of drones in the agriculture sector, this rise is ascribed to demand for use in nations like the United Kingdom, Germany, France, and others.
Competitive Landscape
Key Players Sign Significant Contracts to Make Remarkable Changes in Market
The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing profitable revenue for their own company.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Quantitative Insights-Impact of COVID-19 Pandemic on Global Aerial Imaging Market
- Impact of COVID-19 Pandemic on Global Aerial Imaging Market
- Steps Taken by Industry/Companies/Government to Overcome the Impact
- Key Development in the industry in Response to COVID-19 Pandemic
- Potential Opportunities due to COVID-19 Outbreak
- Global Aerial Imaging Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Definitions
- Market Analysis, Insights and Forecast – By Camera Orientation
- Oblique
- High Oblique
- Low Oblique
- Vertical
- Oblique
- Market Analysis, Insights and Forecast – By End Use Industry
- Government
- Defense
- Forestry and Agriculture
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia-pacific
- Rest of the world
TOC Continued...!
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Key Industry Development
June 2022: Energinetor awarded Fugro N.V a five-year contract for the collection of aerial and lidar imagery data for power transmission networks. For data collection, the company will employ a lightweight aircraft fitted with scanning technologies.
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