According to a recent study done by Future Market Insights, the Aerial Imaging Market is expected to reach US$ 10.5 Billion by 2032, up from US$ 3.0 Billion in 2022, expanding at a high CAGR of 13.3%. This study explains that the Aerial Imaging companies are consistently focusing on developing advanced camera systems for a wide range of imaging applications. This factor is expected to fuel the market growth during the forecast period.
Major factors expected to accelerate the growth of the Aerial Imaging Market during the forecast period include rise in demand for aerial imaging in disaster risk reduction and prevention, surge in demand for varied commercial applications and use of aerial imaging technology in setting up 5G infrastructure.
Additionally, the adoption of aerial imagery services has increased owing to their various applications such as photogrammetric surveys, development of topographic maps, environmental studies, surveillance, and others. Increased application areas among various verticals, such as agriculture, forestry, energy & resource, and civil engineering. These are some other factors that will propel the market growth over the analysis period.
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List Of Key Players Covered in Aerial Imaging Market are:
- Nearmap Ltd.
- Eagle View Technologies Inc.
- Digital Aerial Solutions LLC
- Aerial Imaging Productions LLC
- Cooper Aerial Surveys Co.
- Landiscor Real Estate Mapping
- Kucera International Inc.
- GeoVantage
- Inc. (Aeroptic LLC)
- Global UAV Technologies Ltd. (High Eye Aerial Imaging Inc.)
- Eagle Aerial Solutions
- Aerobotics (Pty) Ltd.
- Airobotics GmbH
- SkyIMD Inc.
Key Takeaways from the Market Study
- Global aerial imaging market was valued at US$ 3.0 Bn by 2022-end
- The US to account for the highest value share of US$ 3.9 Bn of global market demand for Aerial Imaging Market in 2032
- From 2015 to 2021, Aerial Imaging demand expanded at a CAGR of 13.9%
- By Application, the Geospatial Technology constitutes the bulk of Aerial Imaging market with a CAGR of 14.2%.
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Competitive Landscape
Players in the global Aerial Imaging Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:
- In January 2022, Iris Automation, Doosan Mobility Innovation (DMI), and Drone America agreed to use Doosan’s hydrogen fuel cell technology to explore feasibility and opportunities for long-range autonomous unmanned aerial vehicles (UAV).
- In December 2021, the US Navy and Boeing initiated the testing phase of the MQ-25 T1 test asset, an unmanned aerial refueler. The first test successfully ensured the possible future integration of unmanned vehicles for refueling purposes in military operations.
- In July 2021, senseFly, a leading provider of fixed-wing mapping drones, announced the launch of eBee TAC, an advanced fixed-wing Unmanned Aircraft System (UAS) designed for covert tactical mapping operations in security defense and governmental sectors. The eBee TAC provides active field personnel access for reliable and accurate location data and maps, offering field intelligence and situational awareness required to act with confidence and precision across rapidly-changing environments.
Detailed Table of Content:
- Preface
- Market Definition and Scope
- Market Segmentation
- Key Research Objectives
- Research Highlights
- Assumptions and Research Methodology
- Executive Summary : Global Aerial Imaging Market
- Market Overview
- Market Dynamics
- Key Market Trends
- Global Aerial Imaging Market Analysis and Forecasts, By End-use Industry
- Introduction & Definition
- Market Size (US$ Mn) Forecast, By End-use Industry
- Global Aerial Imaging Market Analysis and Forecasts, By Application
- Introduction & Definition
- Market Size (US$ Mn) Forecast, By Application
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