Aerial Imaging Market to 2022 with a 12.9% CAGR expected alongwith, top players profiles of Industry.

Aerial Imaging Market is expected to garner $2,836.2 million by 2022, registering a CAGR of 12.9% during the forecast period 2016-2022. Aerial imaging provides images of ground surfaces captured from an elevated place with the help of cameras. Cameras mounted on various air vehicles including helicopters, airships, kites, balloons, and unmanned aerial vehicles (UAVs) are utilized for taking images. Aerial imaging finds wide application among various verticals such as civil engineering, research, government, agriculture, and others. However, satellite imagery as a substitute option are expected to restrict the market growth. Advanced technologies, which include GIS (geographic information system), LiDAR systems, and 360-degree vision cameras are expected to generate significant opportunities for the market.

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Aerial imaging finds applications across various sectors including government, energy, defense, agriculture & forestry, civil engineering & archeology, media & entertainment, and others (insurance, real estate, and tourism). Aerial imaging provides information such as land cover maps, vegetation maps, soil maps, and geology maps with the help of spatial data captured from the orthographic images. Also, aerial imaging is widely used for various applications among government departments such as land & property information, archaeology, environment studies, disaster & emergency response management, and others. It is utilized to develop plans, maps & forecast crucial information for accurate presentation of earth surface. In addition, aerial imaging is considered as an important tool among engineers, planners and developers for land mapping and development. Aerial images combined with GIS (Geographical Information System) helps in analysis and strategic planning of urban settlements.

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The adoption of aerial imaging has increased in various sectors such as agriculture & forestry, energy & resource management, tourism, research, and media & entertainment among others. In addition, adoption of location-based services (LBS) for navigation & remote monitoring is expected to drive the growth of the aerial imaging market. However, use of satellite imagery as an alternative, and stringent government regulations regarding national security restrain the market growth. Advancement in imaging technologies and equipment such as 360-degree vision cameras, UAVs, LiDAR systems, 3D mapping software would provide numerous opportunities for the growth and development of the aerial imaging market.

In 2015, the government sector accounted for the maximum revenue share in the overall aerial imaging market due to increase in application of aerial imaging in homeland security, environmental studies, urban planning and disaster management. Collection of data related to land, property, and other geospatial information at national level boosts the market growth for aerial imaging in the government sector. In addition, the energy segment is forecast to be the fastest growing segment, and is projected to grow at a CAGR 14.4% during the forecast period owing to the need of collection of information regarding topology, inspection of transmission line, solar farms, wind farms, and security of power plants.

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