Aerial Imaging Market Research Report And Predictive Business Strategy By 2026

Market Overview

Aerial imagining or also referred to as aerial photography is the process of taking photographs from an aircraft or a flying object such as drone. Different types of equipment or devices are used for aerial photography including fixed-wing aircraft, multi-rotor unmanned aircraft systems (UAS), helicopters, balloons, parachutes, blimps and dirigibles, rockets, kites, vehicle-mounted poles, and stand-alone telescoping. Aerial photography offers cost-effective and high-precision solutions for volume calculations, planning purposes, route design or renovation of existing mapping. Advancements in technology related to UAV and drone has increased the popularity of location-based services worldwide. Moreover, growing application areas the adoption of aerial imaging by the companies has increased to a great extent.

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The global aerial imaging market was valued for US$ 2,010.1 Mn in 2019 is expected to exhibit a CAGR of 14.6 % during the forecast period.

Market Dynamics- Drivers

Growing number of applications in different sectors are expected to drive growth of the global aerial imaging market during the forecast period

Increasing use of aerial imagery in number of sectors is the major driver for the market growth. Aerial imaging has been used in disaster risk operation, archeology, cartography, journalism, defense and security, construction and development, tourism, and intelligence surveillance and reconnaissance (ISR). Furthermore, aerial imaging offers a variety of ground-based applications. For instance, it is helpful for farmers to monitor crops and identify problems such as blight and deploy suitable remedies. Aerial imagery is also used by many insurance companies in order to verify damage assessment and claims after hurricanes, floods and other disasters. Moreover, innovations in unnamed aerial vehicles (UAV) are expected to support the global aerial imaging market growth in the near future.

Technological advancements in UAV or drone technology are expected to propel the global aerial imaging market growth over the forecast period

In the recent past, the commercial drone sector has registered significant changes in terms of technological advancements. The regulatory authorities have taken ample efforts to regulate the use of UAVs to ensure the safety measures are in the place. There is constant demand for commercial drones for the use in various sectors including agriculture, defense, filming, and weather monitoring. Currently, the companies are focused on creating applications and software to make the safer use of drones, which will lead to normalization of drones within mainstream society. For instance, Snapdragon Flight from Qualcomm Technologies is a software developed to provide drones with the intelligence to perceive objects within their flight path for much safer navigation. Moreover, a variety of applications offered by drones has compelled enterprises to come up with insightful changes new long-endurance UAV technology, which in turn, is expected to boost the global aerial imaging market growth over the forecast period.

North America region dominated the global aerial imaging market in 2019, accounting for 43.6% share in terms of value, followed by Europe and Asia-Pacific, respectively

Market Trends

Personal aerial mapping system (PAMS)

Personal aerial mapping system is a package of hardware and software, which enables an operator to perform aerial mapping and make survey of small areas. It processes superior 3-D surface height models and true orthophotos, or an overview map in the field. PAMS can be operated by a single user since it offers quick and easy functionality, unlike conventional methods. This eventually saves money and time. Furthermore, PAMS offers key advantages over conventional aerial imagery such as it operates below cloud coverage, which makes it less dependent on weather conditions. In fact, it can easily be loaded in a passenger airplane as luggage or in a small car.

Aerial archeology and 360-degree panoramas

The aerial imagery of archeological sites has improved significantly, enabling thorough study of ancient landscapes and historical sites. During the aerial archeological survey, a vertical or oblique aerial image is capture to better understand the landscape. For instance, aerial imaging has been used to find Iron Age and Roman sites in Britain, Mayan ruins in Belize and Nazca lines in Peru. Moreover, different ground levels, view of frost during winter, slight differences in soil color have increased the demand for aerial imagery. Aerial imaging also provides 360-degree panoramic view of historical places such as Taj Mahal in India, Great Pyramids of Giza in Egypt and Roman Colosseum.

Market Taxonomy

This report segments the global aerial imaging market on the basis of by application, by end-use industry and region. On the basis of application, the aerial imaging market is segmented into energy, geospatial technology, natural resources management, construction & development, disaster response management, defense & intelligence, conservation & research and media & entertainment. On the basis of end-use industry, global aerial imaging market is segmented into government, commercial enterprises, civil engineering industry, military, forestry & agriculture, energy sector and insurance. On the basis of region, global aerial imaging market is segmented into North America, Latin America, Europe, APAC, Middle East and Africa.

Key features of the study:

• This report provides an in-depth analysis of the global aerial imaging market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global aerial imaging market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global aerial imaging market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global aerial imaging market.

Detailed Segmentation:

Global Aerial Imaging Market, By Application:

• Energy
• Geospatial Technology
• Natural Resources Management
• Construction & Development
• Disaster Response Management
• Defense & Intelligence
• Conservation & Research
• Media & Entertainment

Global Aerial Imaging Market, By End-use Industry:

• Government
• Commercial Enterprises
• Civil Engineering Industry
• Military
• Forestry & Agriculture
• Energy Sector
• Insurance

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Competitive Landscape

Key players operating in the global aerial imaging market are Google, Inc., Kucera International, Inc., NRC Group ASA, GeoVantage, Inc., Fugro N.V., Landiscor Real Estate Mapping, Digital Aerial Solutions, LLC, Cooper Aerial Surveys Co., Nearmap Ltd, and EagleView Technologies, Inc.

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