Market Forecast:

Aerial Imaging Market Share Size is expected to reach USD 8.52 Billion by 2030, registering a CAGR of 14.2% during 2020-2030.

Using a variety of platforms, such as fixed-wing aircraft, unmanned aerial vehicles (UAVs) or drones, and helicopters, aerial imaging refers to the collection of useful data. Nearly all expanding sectors have uses for aerial imagery. These businesses create aerial photos using aerial imaging techniques, then process those images to create digital spatial models of the target area.

The market for aerial imaging is expanding primarily due to the expanding use of location-based services (LBS) and real-time location systems (RTLS) and the growing usage of aerial imaging technology across numerous industries. The market is expanding as a result of ongoing advances in aerial photography technology.

Aerial imaging technologies have become more widely used in recent years for a variety of industrial applications. The industry of land surveying might be held in large part responsible for this rising adoption growth rate. Aerial imaging techniques have been used by the land surveying industry to explore terrains and landscapes using 3-D models. To ensure the longevity and safety of large energy equipment, the energy sector is also implementing aerial imaging solutions for monitoring and inspection.

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Aerial imaging techniques are also used widely in developed economies to explore dangerous and difficult-to-access areas and reduce fatalities after natural catastrophes. The Aerial Imaging Market Share has expanded with the aid of the LBS and RTLS markets. Large-scale geospatial data processing and understanding of shifting business trends are made possible by these solutions. As a result, the market for aerial imaging is anticipated to grow over the course of the forecast period due to the rising adoption of aerial imaging solutions as well as the increasing demand for location-based services and real-time location systems.

Key Players:

Blom Norway AS (Norway), Fugro N.V. (Netherlands), SZ DJI Technology Co., Ltd. (China), Nearmap Limited (Australia), Eagle View Technologies Inc. (US), Digital Aerial Solutions, LLC (US), Aerobotics (Pty) Ltd. (South Africa), DroneDeploy, Inc. (US), Cooper Aerial Surveys Co. (US), GeoVantage, Inc. (US), Kucera International, Inc. (US)

Segmental Analysis:

By Platform Type

The UAVs/Drones Segment is Expected to Grow at the Fastest Rate: The market for UAVs and drones is anticipated to have the greatest CAGR from 2021 to 2027. The expansion can be ascribed to the growing use of UAVs and drones in a variety of industrial applications, such as precision agriculture, airborne remote sensing, surveying, and mapping, as well as the verification of insurance claims. The military's increased investment in cutting-edge UAVs and drones for surveillance and border monitoring is also projected to increase demand for UAVs and drones.

The Fixed-Wing Aircrafts Segment Expected to Generate Significant Revenues During the Forecast Period: Fixed-wing aircraft are utilised in situations when poor weather conditions and operational effectiveness are key considerations. They also fly for a longer period of time than other aerial imaging systems. They can easily be used for manned aerial imaging missions because they can be flown at high altitudes with much less turbulence than UAVs.

By Application

The Land Surveying Segment is Expected to Witness Considerable Growth in the Market: Aerial imaging techniques for land surveying have a lot to offer professionals. The same level of accuracy is achieved in topographic surveys utilising aerial imaging techniques as it is with traditional methods. Additionally, surveying that relies on aerial imaging is less expensive and needs a lot fewer experts on the ground. The land surveying sector is anticipated to experience significant growth in the upcoming years during the forecast timeline due to the growing demand for aerial imaging techniques for land surveying.

The Energy Equipment Segment Accounted for a Significant Share in 2020Large energy equipment monitoring, inspection, and maintenance are significantly aided by aerial imaging technology. Large energy companies now use aerial imaging technologies to monitor thermal, hydroelectric, wind, solar, and nuclear power assets and equipment more securely and successfully than they did in the past. Aerial imaging solutions also make it possible to inspect and monitor things more frequently. These factors led to the energy equipment segment accounting for a sizeable portion of the global Aerial Imaging Market Share in 2020 and driving high revenue growth in the years to come.

The Agriculture Segment is Expected to Generate Significant Revenues During the Forecast Period: The adoption of aerial imaging solutions for numerous applications, such as field mapping, crop scouting, agricultural photography, precision agriculture, and agriculture insurance inspection, is gradually transforming the agricultural industry.

Currently, only a small portion of farmers or farm owners use these systems to produce Orth mosaic maps of their fields and farms using data from aerial imaging platforms. The more recent and sophisticated platforms also feature multi-spectral cameras, enabling end users to calculate the normalised difference vegetation index (NDVI) and gain a deeper understanding of critical agricultural parameters including field performance and crop health. Therefore, it is anticipated that significant revenues will be generated in the upcoming years during the review period as a result of the agriculture industry's growing adoption of aerial imaging systems and solutions.

The Defense Segment Dominated the Aerial Imaging Market Share in 2020: In 2020, the defence sector controlled a large portion of the market. the increasing use of UAVs and drones to pinpoint susceptible locations and identify terrorism-related concerns. Drones give the military the ability to improve and expand their capabilities, allowing them to combat the rising threats to national security and terrorism and put an end to terrorism. As a result, it is anticipated that the defence sector would dominate the worldwide Aerial Imaging Market Share throughout the study period.

Regional analysis:

The increasing adoption of aerial imaging solutions, primarily across the energy, agriculture, and land surveying sectors in countries such as India and China,is expected to drive market growth. Asia-Pacific provides a lucrative opportunity for the companies offering aerial imaging solutions to invest in. In addition, the major energy companies in the region have bolstered their optimization plans with innovative digital solutions, which is projected to bode well for the growth of aerial imaging solutions in the region.

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