Global Aerial Imaging Market was valued at US$ 2,582.60 Million in 2021 and is expected to surpass US$ 9,266.05 Million by 2030, registering a CAGR of 15.4% during the forecast period (2022-2030), according to the Global Aerial Imaging Market Report, by Application (Energy, Geospatial Technology, Natural Resources Management, Construction & Development, Disaster Response Management, Defense & Intelligence, Conservation & Research, Media & Entertainment),  by End-use Industry (Government, Commercial Enterprises, Civil Engineering Industry, Military, Forestry & Agriculture, Energy Sector, Insurance), by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.

Growing popularity of location-based services is expected to propel growth of the global aerial imaging market during the forecast period. Location-based services are gaining traction rampantly with a large number of commercial and industrial websites identifying customers based on their location to provide relevant services. Currently, remote sensing is a widely used application to support location-based services. Such location-based services include emergency services, remote monitoring, mapping, navigation, and location-based mobile advertising. Aerial imagery (data) when used with location-based services creates detailed (descriptive and easy to understand) images, maps or cartograms that are more accurate and realistic, and aid customers in better understanding their location and surroundings. Moreover, aerial imaging provides users access to accurate and latest images surpassing conventional maps in terms of usability and accuracy. For instance, Google Maps guide a user to an appropriate address at an unknown location. Growing use of Google maps retailers, enterprise, hotels, restaurants, and catering organizations has increased the demand for geospatial information. Thus, these factors are expected to boost the global aerial imaging market growth over the forecast period.

Key Developments

In September 2020, EagleView Technologies, Inc., a technology company that provides data analytics, aerial imagery, and geographic information system solutions partnered with Skydio, an American manufacturer of drones. The automated inspection of residential roofs will be done using Skydio drones and service will be provided by EagleView Technologies, Inc.

Global Aerial Imaging Market- Impact of Coronavirus (Covid-19) Pandemic:

The covid-19 pandemic has immensely damaged the global economy. The global aerial imaging market faced many challenges during the pandemic. The stringent lockdown imposed by the government of various countries disrupted the business logistics and supply chain operations. Due to this the global aerial imaging market also witnessed supply chain disruptions and companies invested less in research and development projects due to financial crises. Hence, the global aerial imaging market witnessed slow growth during pandemic.

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https://www.coherentmarketinsights.com/market-insight/aerial-imaging-market-3523

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Key Trends and Analysis of the Global Aerial Imaging Market:

  • Among region, North America accounted for the largest market share in the global aerial imaging market. Increasing developments by the National Geospatial-Intelligence Agency (NGA) in the sector of map-based and imagery intelligence solutions for the U.S. National Defense, which in turn, is expected to drive the regional market growth. For instance, in October 2015, The San Diego Geographic Information Source (SanGIS) has taken the delivery of ortho-rectified aerial imagery in order to cover the entire country of San Diego. This imagery was the result of regional effort in accordance with the San Diego Law Enforcement Coordination Council (SD-LECC), the regional public safety GIS, and SANDAG, the National Geospatial Intelligence Agency (NGA) along with all the 18 incorporated cities in the country for providing higher resolution imagery and spreading cost among agencies 
  • Asia Pacific is expected to witness significant growth over the forecast period. Increasing use of aerial photos for groundwater mapping is the major trend in the regional market. For construction of wells or tubewells, understanding the availability of groundwater is important. Groundwater is controlled by the rock types, structures, geomorphology, soils, etc. Aerial imaging aids in identifying topography, geological features, and distribution of the rivers in the region under consideration. Moreover, the land utilization survey database, geologic maps, and on-site investigation are adopted to quantitatively and qualitatively describe the hydro-geological conditions of the area.
  • 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.

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