Press release
Aerial Imaging Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Aerial Imaging Market
The Business Research Company offers in-depth market insights through Aerial Imaging Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The aerial imaging market size has grown rapidly in recent years. It will grow from $3.45 billion in 2023 to $3.96 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to increased infrastructure development, rise in precision agriculture, global connectivity and remote work, regulatory support, economic growth and industrial expansion.
The aerial imaging market size is expected to see rapid growth in the next few years. It will grow to $7.02 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to rise in urbanization sector, growing real estate industry, rising smart city initiatives, rise in tourism and entertainment sector, rising disposable income. Major trends in the forecast period include artificial intelligence and machine learning integration, 3d modeling and photogrammetry, augmented reality (ar) applications, 5g connectivity, customized solutions.
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Market Segmentation:
The main types of imaging in aerial imaging market are vertical imaging and oblique imaging. The vertical aerial imaging captured from the aerial vehicle whose camera axis is directed towards the ground as vertically as possible. Vertical photographs are often used to create orthophotos, alternatively known as orthophoto maps, photographs that have been geometrically corrected to be usable as a map. The platform are fixed wing aircraft, helicopter, UAV and drone and others and end-users are government, energy, military and defense, agriculture and forestry, archaeology and civil engineering, oil and gas and others. Aerial imaging have application in geospatial mapping, infrastructure planning, asset inventory management, environmental monitoring, national and urban mapping, surveillance and monitoring, disaster management and other applications.
Major Driver - The Escalating Incidents Of Natural Disasters Driving Aerial Imaging Market Growth
Growing incidents of natural disasters are expected to propel the growth of the aerial imaging market. Natural disasters are sudden and terrible events in nature changes such as a hurricane, tornado, or flood mainly due to climate that usually results in serious damage and many deaths. Aerial imaging helps to take prompt on-ground action, much faster than manual detection, analysis, and action to reduce further damages while reducing response time. Due to growing incidents of natural disasters, there will be an increasing demand for aerial imaging solutions to manage the situations. For instance, according to the World Economic Forum, in the past 20 years, 7,348 disasters are recorded that took 1.23 million lives. China alone reported 577 disasters, followed by the US with 467, and India with 321 respectively. In 2021, the Assam earthquake was a major natural disaster in India that occurred in April 2021 which resulted in 2 deaths and injuries of 12-13 people and lots of property damage. Thus, the growing incidents of natural disasters are expected to drive the growth of the aerial imaging market.
Competitive Landscape:
Major companies operating in the aerial imaging market include Digital Aerial Solutions LLC, Airobotics Ltd., Cooper Aerial Surveys Co., EagleView Technologies Inc., Fugro N.V., SZ DJI Technology Co. Ltd., 3D Robotics Inc., Aeromao Inc., Aerovel Corporation, AgEagle Aerial Systems Inc., Airware Inc., Datumate Ltd., Delair Tech SAS, DroneDeploy Inc., Esri Inc., FLIR Systems Inc., Geomni Inc. (a Verisk Analytics business), Intel RealSense Group, MicaSense Inc., Nearmap Ltd., Optelos Corporation, Parrot Drones SAS, Phoenix LiDAR Systems Inc., Pix4D SA, PrecisionHawk Inc., Quantum Spatial Inc. (Aerometric Inc.), Quantum-Systems GmbH, senseFly SA (a Parrot company), sensemetrics Inc., SimActive Inc., Skydio Inc., SlantRange Inc., Trimble Inc., YellowScan SAS
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Top Trend - Innovative Technologies In The Aerial Imaging Market
Major companies operating in the aerial imaging market are developing innovative technologies such as Atva to provide a more sustainable solution for aerial cargo transport. Atva is a versatile compact hybrid VTOL (Vertical Take Off and Landing) drone. It is designed to redefine aerial cargo transport, mapping, and surveillance with its eVTOL technology. For instance, in October 2023, ePlane's Amber Wings, an India-based developer of unmanned aerial vehicles, launched Atva, a hybrid vertical takeoff and landing (VTOL). Atva is a promising new development in the field of drone technology. It has the potential to revolutionize a number of industries and make a positive impact on the world. Moreover, Atva is equipped with a variety of sensors, including a high-resolution camera. This allows it to be used for mapping and surveillance applications. The camera can be used to create detailed maps of large areas or to monitor and survey areas of interest.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Aerial Imaging Market Characteristics
3. Aerial Imaging Market Trends And Strategies
4. Aerial Imaging Market - Macro Economic Scenario
5. Aerial Imaging Market Size And Growth
…..
27. Aerial Imaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Key Findings of Aerial Imaging Market
o In 2015, government segment dominated…
