Pune, India, Dec. 02, 2021 (GLOBE NEWSWIRE) — The global Aerial Imaging Market size stood at US$ 1,439.3 Mn in 2017 is projected to reach US$ 4,125.2 Mn by the end of 2025, exhibiting a CAGR of 14.2% during the forecast period from 2018 – 2025. According to a report published by Fortune Business Insights, “Aerial Imaging Market Size, Share and Industry Analysis by Camera Orientation (Oblique, Vertical), Platform (Fixed-Wing Aircraft, Helicopter, UAV/Drones), End-Use Industry (Government, Energy Sector, Defense, Forestry and Agriculture, Real Estate, Civil Engineering, Insurance) And Regional Forecast, 2018-2025”
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List of companies profiled in the report:
- NRC Group ASA
- Fugro N.V.
- 3D Robotics
- Digital Aerial Solutions LLC
- EagleView Technologies, Inc
- Nearmap Ltd.
- Cooper Aerial Surveys Co.
- GeoVantage Inc.
- Landiscor Real Estate Mapping
- Kucera International Inc.
Report Scope and Segmentation-
|Forecast Period||2018 to 2025|
|Forecast Period 2018 to 2025 CAGR||14.2%|
|2025 Value Projection||USD 4125.2 Million|
|Market Size in 2017||USD 1439.3 Million|
|Historical Data for||2014 to 2016|
|No. of Pages||140|
|Segments covered||By Geography, By Camera Orientation, By Platform, By End Use Industry|
|Growth Driver||Implementation of UAVs for Capturing Aerial Imagery of Remote Locations Enables Market Exhibit Highest CAGR in the Asia Pacific.|
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“Forestry and Agriculture Sector to Dominate Market”
Among end users in the market, the report forecasts the government and real estate and the forestry and agriculture sectors to exhibit a higher demand for aerial imaging during the forecast period. Besides this, the rising need for resource and energy management and increasing construction and development activities will create lucrative growth opportunities for the market in the coming years.
Similarly, on the basis of camera orientation, the oblique imaging segment is likely to witness higher demand as compared to its vertical orientation counterpart. This is because using aerial pictures can help to reduce the cost of inventorying, mapping, and planning. Such factors may bode well for the aerial imaging market in the long run.
Aerial photography and videography can be used for archaeological researches as well, which helps researchers to explore ancient landscapes and historical sites. This is likely to be among the primary factors propelling the growth of the market. This, coupled with the increasing adoption of PAMS or Personal Aerial Mapping Systems will create better growth opportunities for aerial imaging in the market.
“Real Estate Businesses to Exhibit Higher Demand for Aerial Imaging”
Aerial photography is both cost-efficient and has creative application. This as per Fortune Business Insights is fueling the uptake of aerial imaging in for property advertising as well. Property dealers can use aerial photographs to strike a good deal for their properties. Spurred by this, the market will also gain momentum in the coming years.
Geographically, the market for aerial photography is dominated by North America on account of the increasing implementation of innovative technologies such as drones and UAVs. For instance, aerial images have high resolution and better clarity, which are fueling their demand across diverse industries. Moreover, an increase in awareness about the advantages of using aerial images for urban planning, monitoring, and surveillance is prognosticated to create better growth opportunities for the global market. Besides this, Asia Pacific is expected to show faster growth during the forecast period. The demand for capturing clear aerial images in emergency cases such as disaster management will also help to augment the market in the Asia Pacific.
The global aerial imaging market growth is led by North America mainly due to the rising implementation of aerial imaging in the agriculture and forestry industry for improved decision making. The global market in North America generated a revenue of US$ 683.7 Mn in 2017 and is expected to dominate the market throughout the forecast period. In terms of growth rate, the global market in the Asia Pacific is predicted to exhibit the fastest growth rate during the forecast period.
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