The global aerial imaging market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing number of aerial imaging system applications across several sectors especially in the military and defense sector.
Aerial photography, also known as airborne imaging, refers to the shooting of images from an airplane or other airborne platforms for various intelligent and business purposes. Aerial videography is another term for shooting motion photos from the air. Moreover, aerial photography is distinct from air-to-air photography, which involves using one or more aircraft as pursuit planes to "chase" and photograph other aircraft in flight. The technology is useful for a variety of tasks including route design, planning, volume calculations, and map renovations. Aerial imaging system is broadly utilized for a variety of applications including construction and development, geospatial technology, disaster management, research, and conservation. Earlier, photographers devised a mechanism for capturing vertically downward images from the basket of a gas balloon, also starting photographing with kites. At present, several mechanisms such as helicopters, fixed-wing aircraft, unmanned aerial vehicles (UAVs) or "drones", blimps, balloons, dirigibles, pigeons, rockets, and kites are equipped with action cameras for aerial photography.
The COVID-19 pandemic has had far-reaching consequences in the global economy and the aerial imaging market. The decrease in aerospace investment and delay in the production of UAV, and restricting the availability of UAV-based aerial photography services throughout the world act as key challenges of the market during the pandemic.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing technical improvements in camera systems and aerial platforms using advanced UAVs are likely to boost the market in the coming years.
- Increased use of the technology for several applications in number of industries such as civil engineering, government construction, and commercial activities are key factors driving the market.
- Growing use of the technology for identifying of locations and increasing location-based services are key factors fueling the market.
- High operational constraints and issues related to security concerns are major hurdles that can hinder the market expansion during the given timeline.
- Wide use of aerial archaeology and developing camera technologies such as Microsoft's UltraCam Osprey, Hawk, and Eagle, are likely to create new avenues for market growth during the projection period.
Scope of the Report
The report on the global aerial imaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Aerial Imaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Agriculture & Forestry, Civil Engineering, Commercial, Government, Military & Defense, Energy & Utility, and Insurance)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Eagle Aerial Solutions; Kucera International Inc.; Landiscor Aerial Information; AeroMetric Inc.; Eagle View Technologies; and Google LLC.
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Market Segment Insights
Government segment to expand at a considerable CAGR
On the basis of applications, the aerial imaging market is segmented into agriculture & forestry, civil engineering, commercial, government, military & defense, energy & utility, and insurance. The government segment is projected to expand at a considerable CAGR during the forecast period. The segment growth is due to the employment of this technology for a variety of objectives, including urban planning, homeland security, energy management, and environmental research monitoring. On the other hand, the civil engineering segment is anticipated to account for a major market share during the forecast period as civil engineering is used for a variety of purposes including road design, land use calculations, and ground crew proving reference. Meanwhile, drilling and logistical tasks are examples of energy applications.
North America is anticipated to constitute a key market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the advancement of UAVs and PAMS in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to significant defense and military spending in major economies such as India, China, and Japan.
Segments
The global aerial imaging market has been segmented on the basis of
Applications
- Agriculture & Forestry
- Civil Engineering
- Commercial
- Government
- Military & Defense
- Energy & Utility
- Insurance
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Eagle Aerial Solutions
- Kucera International Inc.
- Landiscor Aerial Information
- AeroMetric Inc.
- Eagle View Technologies
- Google LLC
Competitive Landscape
Key players competing in the global aerial imaging market are Eagle Aerial Solutions; Kucera International Inc.; Landiscor Aerial Information; AeroMetric Inc.; Eagle View Technologies; and Google LLC. Aerial photography, orthophotography, plotting, stereo compilation, and volumetric surveys are among the major services provided by Kucera International Inc. Meanwhile, construction, real estate, solar, GIS, energy & utilities, safety, and government applications are some of the key services offered by Eagle View Technologies using the aerial imaging technology.
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