Market Overview:
Aerial imaging involves capturing photos and videos from an aircraft or unmanned aerial vehicles. It is used for mapping, surveillance, field surveys and remote sensing. Advancements in drone technology and analytics software have made aerial photography easier and more cost effective.
Market key trends:
Advent of advanced drones equipped with high-resolution cameras is a major trend in the aerial imaging market. Drones can capture photorealistic images of large areas in a short time. Many industries such as insurance, agriculture, construction are increasingly using drone photography for damage assessment, crop monitoring and site surveying. Drone companies are focusing on developing autonomous drones with longer flight times and higher payloads to meet rising demand from commercial sectors.
The global Aerial Imaging Market Size is estimated to be valued at US$ 3439.29 Mn in 2023 and is expected to exhibit a CAGR of 15.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Segment Analysis
The global aerial imaging market is segmented by application into geospatial mapping, disaster management, energy & resource management, urban planning, conservation & research, and others. The geospatial mapping segment held the largest market share in 2023 owing to the increasing adoption of aerial imaging for mapping purposes by government agencies, utility companies, and spatial data companies. Aerial imaging finds wide usage in mapping the earth's surface and gathering geospatial intelligence using technologies such as satellite imagery, aerial photography, and drones.
Key Takeaways
The global aerial imaging market is expected to witness high growth, exhibiting a CAGR of 15% over the forecast period, due to increasing demand for advanced geospatial solutions across various industries.
Regional analysis
North America accounted for the largest share of the global aerial imaging market in 2023 owing to large-scale adoption of aerial imaging solutions across various applications such as infrastructure inspection, agriculture monitoring, emergency response management, and urban planning in the region. The Asia Pacific region is expected to witness the fastest growth due to rising investments by government bodies and private players for spatial data acquisition and mapping activities in developing countries.
Key players
Key players operating in the aerial imaging market are 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, and EagleView Technologies, Inc. Google leads the market owing to its well-established global presence and wide range of geospatial solutions including high-resolution aerial and satellite imagery. Kucera International and NRC Group are other major players focusing on providing aerial imagery data for various verticals.
