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.
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.
Concerns regarding public and national security are expected to hinder the global aerial imaging market growth over the forecast period. Although drones or unmanned aerial vehicles are meant for beneficial commercial applications, the images captured can be used for improper means. Potential criminals may conduct virtual surveillance of banks, government buildings, parks, or schools using online aerial and satellite images. In fact, the national security could also be compromised. For instance, in January 2007, aerial footage displayed by Google Earth was used by terrorists who attacked British bases in Basra, Iraq, to pinpoint their attacks. If adequate safety measures are not taken, lack of proper security and privacy issues are expected to hinder the market growth over the forecast period.
|Base Year:||2021||Market Size in 2021:||US$ 2,582.60 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||15.4 %||2030 Value Projection:||US$ 9,266.05 Mn|
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, EagleView Technologies, Inc.
|Restraints & Challenges:||
Global Aerial Imaging Market- Impact of Coronavirus (Covid-19) Pandemic:
The COVID-19 pandemic has affected the global aerial imaging market significantly. Lockdown was imposed across the globe as a precautionary measure by governments. This led to the temporary suspension of all businesses related to the construction, manufacturing, retail, mining, transportation, and logistics industries. Due to financial crises faced by these industries the demand for aerial imaging reduced. Hence, the global aerial imaging market witnessed slow growth during pandemic.
North America held a dominant position in the global aerial imaging market in 2021
North America held a dominant position in the global aerial imaging market in 2021, accounting for 32.0% share in terms of market share, followed by Asia Pacific region.
Figure 1: Global Aerial Imaging Market Share (%), By Region, 2021
Among regions, North America accounted for the largest market share in the global aerial imaging market, owing to the Increasing demand from the real estate sector. Aerial imaging is being increasingly implemented in real estate and construction industry for better overview of a property and the surrounding area. Standalone images of a property have become outdated in the recent past since drones and UAVs deliver better results. Moreover, the real estate sector in North America is growing significantly, thus there is a significant demand for aerial imaging. Property owners their property’s profile by using aerial imaging to improve its market demand. Furthermore, it is cost-effective and creative solution for potential buyers.
Asia Pacific region is expected to gain traction during the forecast period owing to the high investments done by the defense and military sector in aerial imaging for surveillance and targeted attacks, understanding land terrain to reach the enemy in countries such as China, India, Japan, Australia and others is driving the growth of the aerial imaging market in the Asia Pacific region.
Disaster response management segment is expected to drive the global aerial imaging market growth during the forecast period.
Among application, disaster response management segment is expected to hold major market share, and grow at a higher CAGR over the forecast period. The frequency of disasters such as floods, earthquakes, tornados, fire, and explosions has increased across the globe. As per ReliefWeb, a humanitarian information portal in 2019, 396 natural disasters were reported which affected 95 million people across the globe. Aerial imaging helps to mitigate the harsh effects and the risks associated with these disasters. The images captured help to plan the rescue operation, and analyze the hazards. All these advantages provided by aerial imaging are proving beneficial to the disaster response management segment.
Figure 2: Global Aerial Imaging Market (US$ Mn) Analysis and Forecast, 2018 - 2030
The global aerial imaging market was valued at US$ 2,582.60 Mn in 2021 and is expected to reach US$ 9,266.05 Mn by 2030, growing at a CAGR of 15.4% between 2022 and 2030.
Major players operating in the global aerial imaging market include 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, EagleView Technologies, Inc.
Aerial imagining is known 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 unmanned aircraft systems, fixed-wing aircraft, helicopters, balloons, parachutes, rockets, kites, vehicle-mounted poles, and stand-alone telescoping. Aerial Imaging or Photography is used for calculation, route designing and for updating existing mapping due to its high precision and cost-effectiveness features. The Aerial imaging plays major role in collecting data in the form of images in any location which is beneficial for investigation purpose. Advancements in technology related to UAV and drone has increased the popularity of location-based services worldwide. Moreover, increasing developments in imagery intelligence solutions is driving the growth of global aerial imaging market.
Advancement in technologies and internet of things (IoT) are the major factors driving the growth of global aerial imaging market. Aerial Imaging used unmanned aerial vehicles (UAVs) and drones devices in order to capture vantage point on the world. The commercial drone sector has registered significant changes in terms of technological advancements. 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 is expected to drive the growth of global aerial imaging market over the forecast period. Moreover, aerial imaging is helpful for farmers to monitor their crops and identify problems by using surveys and mapping capabilities for the development of infrastructure.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.