Aerial Imaging Market Growing at a CAGR of More Than 12% From 2018 to 2024

MarketStudyReport.com offers 2018 report on global Aerial Imaging market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

Aerial Imaging Market size will likely surpass USD 4 billion by 2024; according to a new research report.

Aerial Imaging market is projected to surpass USD 4 billion by 2024. Aerial imaging is the process of taking images/photographs from a point in the air using different imaging platforms such as Unmanned Aerial Vehicles (UAVs), fixed-wing aircraft, helicopters, along with traditional platforms such as kites, parachutes, blimps & balloons, and hand-held or vehicle-mounted poles. Aerial imaging is a useful tool for studying the changes on the earth?s surface over a period of time. The images are particularly useful in analyzing land use and land cover and for comparing the newly recorded data with older data sets.

The aerial imaging market is projected to exhibit a robust growth with a CAGR of around 13% between 2018 and 2024. The growth can be attributed to the factors such as increasing adoption of UAVs for aerial imaging applications, rising incidents of natural disasters, technological advancements in aerial camera systems, and increasing uptake of aerial imaging platforms in the military and defense sectors for surveillance and monitoring purposes. Also, the adoption of aerial imaging platforms in the government sector for applications such as environmental studies, homeland security, research initiatives, and urban planning is witnessing a steady uptake. Moreover, with the growing popularity of smart cities, aerial photography is likely to play an important role in facilitating the improved management of urban infrastructure in a highly connected and centrally-managed ecosystem.

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Aerial images are basically captured in two formats, vertical and oblique images. Vertical images are the most common types of aerial images used for aerial survey and remote sensing purposes. They are more valuable for depicting streets and location of open spaces in the surrounding area. Oblique images are more useful for capturing the appearance of buildings as they are captured from an angle and offer a better perspective. The determination of feature elevation can be more accurate using oblique images as compared to the vertical ones, acquired at the same focal length. Consequently, the uptake of oblique aerial photography is expected to increase significantly between 2018 and 2024.

The competition in the aerial imaging market is driven by technological innovations in drone technology as well as sensor technologies for facilitating the acquisition of high-level aerial images. Due to the aggressive expansion and product development initiatives undertaken by the UAV/drone manufacturers, the competition in the aerial imaging market is expected to intensify over the forecast timeline. Also, with the growing utility of aerial imaging in emerging applications, such as urban planning and disaster management, the demand for imaging services and platforms will increase considerably between 2018 and 2024. Consequently, the companies will take measures to modernize their imaging platforms and offer enhanced and affordable imaging services to their customers.

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North America is projected to account for the majority market share of around 42% by 2024. This key market positioning is attributed to the early uptake of advanced aerial imaging solutions by the government and agriculture sectors and high investments in the drone technology for the military and defense applications in the U.S. With the increasing inclination of the farmers based in the U.S. toward modern precision agriculture practices, the demand for aerial photography is likely to increase consistently over the forecast timeline.

Asia Pacific aerial imaging market is projected to register an accelerated growth at a CAGR of over 16% during the forecast period. With the emergence of low-cost alternatives for aerial imaging in the form of UAVs/drones, their adoption in the emerging economies in the region is expected to increase considerably over the coming five years. Also, with the presence of some of the leading global drone manufacturers in China, the market growth is likely to be supported by the strong sales and distribution network of these manufacturers in the Asia Pacific region.

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Table of content:

Chapter 3.   Aerial Imaging Industry Insights

 3.1.  Introduction

 3.2.  Evolution of aerial imaging technology

 3.3.  Industry segmentation

 3.4.  Aerial imaging market news

 3.5.  Aerial imaging use cases

 3.5.1. Construction

 3.5.2. Agriculture

 3.5.3. Oil & gas

 3.5.4. Disaster management

 3.6.  Aerial imaging industry landscape, 2013 - 2024

 3.7.  Aerial imaging industry ecosystem analysis

 3.8.  Regulatory landscape

 3.9.  Technology & innovation landscape

 3.9.1. Drones and AI

 3.9.2. Advancements in sensor technologies

 3.9.3. Collision avoidance technology

 3.10.      Aerial imaging industry impact forces

 3.10.1.  Growth drivers

 3.10.1.1.     Rapidly growing popularity of UAVs for aerial imaging

 3.10.1.2.     Increasing usage of aerial imaging in defense applications

 3.10.1.3.     Growing incidents of natural disasters

 3.10.1.4.     Consistent advancements in aerial camera systems

 3.10.1.5.     Venture capital investment in drone technology

 3.10.2.  Industry pitfalls & challenges

 3.10.2.1.     Security and privacy concerns

 3.10.2.2.     Stringent aviation regulatory policies

 3.11.      Growth potential analysis

 3.12.      Porter's analysis

 3.13.      PESTEL analysis

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