Aerial Imaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Aerial Imaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Aerial Imaging Market

The aerial imaging market size was valued at USD 5.88 billion in 2021, and the market is now projected to grow from USD 7.51 billion in 2022 to USD 36.70 billion in 2029, exhibiting a CAGR of 25.44% during the forecast period of 2022-2029.

The impositions of many restrictions such as social distancing norms, and business operations have influenced almost every sector. Conversely, the pandemic has created new growth opportunities for this market. Many countries installed drones for delivery and transportation purposes of sample pick-up from the Lab and delivery and moving of medicinal supplies to lessen the carrying time and reduce contact to the infection. Airborne spraying to sterilize potentially contaminated public spaces and observing and assistance of quarantine measures has increased demand for the product. Hence, the COVID-19 pandemic propelled the aerial imaging market growth.

The aerial imaging market share globally has increased because of growing requirements for surveillance in the administration and defense sectors. The implementation of airborne imagery facilities has significantly increased because of their diverse applications. The growing acceptance of supervision drones for public, wildlife, and critical infrastructure safety and security has amplified demand for the tool.

The trend is increasing adoption of innovation and integration of artificial intelligence is boosting the market growth. The introduction of artificial intelligence (AI) software improves the overall performance of the unmanned above ground systems and enhances accuracy of imaging. Earlier UUVs were only able to show the cameras capturing items but due to the introduction of AI systems, drones are helpful in area mapping. They are also helpful for object tracking and make available analytical feedback in real time.

Comprehensive Analysis of Aerial Imaging Market

The aerial imaging market and aerospace & defence industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional assessment considering the dominant supply and demand forces that impact the aerospace & defence industry. These segmentations are methodically segregated by types of camera orientation, oblique, and end-use. The camera orientations are oblique and vertical. The oblique includes low and high. The end-use involves government, forestry and agriculture, defense, and others. The other end-use includes infrastructure, media, transport, and entertainment.

The North American region is conducive to the global aerial imaging market, leading to a recall of USD 2.19 billion owing to the increasing use of aerial imagery and presence of major manufacturers in the region.

The top players in the market play a vital role in the aerospace & defence industry assuring industrial prospectus growth and setting market standards. These players include Nearmap Inc. (U.S.), EagleView Technologies Inc. (U.S.), Cooper Aerial Surveys Co (U.S), Fugro N.V (NetherlandsDronegenuity Inc. (U.S.), Geovantage Inc (U.S.), Vexcel Imaging Inc. (U.S.), AgEagle Aerial Systems Inc. (U.S.), Ceres Imaging Inc (U.S.), and Dronedeploy Inc. (U.S.), these market players present a fair-playing competitive landscape.

In June 2022, Fugro N.V. won a 5-year agreement from Energinet. This contract is for recording in-flight and LIDAR imagery data for the electricity transmission network. The company will employ a lightweight helicopter with scanning technology to gather data.

Global Aerial Imaging Market Scope

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2018-2029

Base Year

2021

Estimated Year

2022

Forecast Period

2022-2029

Historical Period

2018-2020

Unit

Value (USD Billion)

Segmentation

By Camera Orientation

Oblique

Vertical

By Oblique

Low Oblique

High Oblique

By End-Use

Government

Defense

Forestry and Agriculture

Others

By Geography

North America (By Camera Orientation, By Oblique, By End User, and by Country)

• U.S (By Camera Orientation)
• Canada (By Camera Orientation)

Europe (By Camera Orientation, By Oblique, By End User, and by Country)

• U.K. (By Camera Orientation)
• Germany (By Camera Orientation)
• France (By Camera Orientation)
• Italy (By Camera Orientation)
• Rest of Europe (By Camera Orientation)

Asia Pacific (By Camera Orientation, By Oblique, By End User, and by Country)

• China (By Camera Orientation)
• Japan (By Camera Orientation)
• India (By Camera Orientation)
• Australia (By Camera Orientation)
• Rest of Asia Pacific (By Camera Orientation)

Rest of the World (By Camera Orientation, By Oblique, By End User, and by Sub-region)

• Middle East & Africa (By Camera Orientation)
• Latin America (By Camera Orientation)

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