by Market Overview:Aerial imaging involves capturing of aerial photographs or images using cameras mounted on aircraft, drones or balloons. Aerial images offer a bird’s eye view perspective which helps in several applications such as inspection of infrastructure, mapping, surveillance, and disaster management. Aerial imaging plays a vital role in monitoring infrastructure projects, agricultural farms, mapping & surveying and is used by various industries including government, energy & resource management, and agriculture.
Market key trends:
Growing adoption of drones/ unmanned aerial vehicles (UAVs) is a major trend witnessed in the aerial imaging market. Drones have gained significant adoption for applications such as precision agriculture, land surveying, infrastructure inspection and surveillance owing to their small size, ease of deployment, increased safety and reduced operation costs compared to aircraft. Drones offer wider coverage area, high resolution images and real time data collection. This growing adoption of UAVs as aerial imaging platforms is expected to drive the market growth during the forecast period.
One of the key trends in the aerial imaging market is the increasing adoption of drones and advanced camera systems for aerial imaging. Drones equipped with high-resolution cameras are widely being used to capture aerial images for various applications such as inspection of infrastructure, monitoring of agriculture crops, disaster management, and filmmaking. The images captured through drones can provide valuable insights and help organizations in decision making. Furthermore, advanced camera technologies such as thermal cameras, multispectral cameras are gaining popularity as they enable capturing images beyond the visible spectrum and provide additional insights.
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.
SWOT Analysis
Strengths:
– Provides bird’s eye view perspective that can reveal ground details not visible from the ground
– High-resolution images can be captured from longer distances without interfering on-site
Weaknesses:
– Heavily dependent on weather conditions and daylight
– Requires skilled pilots to fly drones and camera systems properly
Opportunities:
– Increasing adoption in infrastructure inspection, agriculture, and filmmaking industries
– Emergence of specialized cameras such as thermal and multispectral extending the applications
Threats:
– Stringent regulations associated with commercial use of drones in different counties
– Threat from substitute technologies such as satellite imaging
Key Takeaways
The global aerial imaging market is expected to witness high growth at a CAGR of 15% over the forecast period of 2023 to 2030, driven by increasing usage of drones and advanced camera systems for commercial applications.
The North American region currently dominates the aerial imaging market owing to large presence of aerial imaging service providers and a significant number of infrastructure and agriculture projects. However, the Asia Pacific region is expected to showcase the fastest growth in the coming years led by countries such as China and India.
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, EagleView Technologies, Inc. These players are focusing on developing specialized cameras, offering high-resolution imaging services as well as leveraging AI/analytics to derive meaningful insights from aerial images.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
