Aerial Imaging Market is Estimated To Witness High Growth Owing To Accelerating Adoption Of AI And Analytics Based Solutions In Wide Range Of Applications
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| Aerial Imaging Market |
Market Overview:
Aerial Imaging refers to
capturing photographs or videos from an aircraft, UAV or other flying object.
It provides high resolution images that aid in monitoring agriculture farms,
mapping territories, surveillance etc. Advantages include capturing inaccessible
areas, monitoring large geographical areas and capturing data regularly for
analysis.
Market key trends:
The increasing popularity of
drone photography is one of the key trends driving the aerial imaging market
growth. Drones allow enthusiasts and professionals to capture breathtaking
aerial photos and videos from new angles easily and cost-effectively. This has
increased their demand for commercial and recreational purposes. Rapid
improvements in drone technology with increased payload capacity, flight time
and camera specifications are supporting the drone photography market resulting
in high-quality aerial images.
Segment Analysis
The aerial imaging market is
segmented by application into geospatial surveying, construction &
development, energy & resource management, conservation & research,
disaster management, defense & intelligence, media & entertainment, and
others. The geospatial surveying segment dominated the market in 2022 and is
expected to continue its dominance over the forecast period due to wide-ranging
applications of aerial imagery in infrastructure development, utility mapping,
environmental monitoring, land use planning, and telecommunication network
planning. Aerial imagery is cost-effective compared to other survey methods and
allows improved site planning, precision modelling of terrain, and change
analysis over time.
Key Takeaways
The Global
Aerial Imaging Market Size is expected to witness high growth,
exhibiting a CAGR of 15.4% over the forecast period, due to increasing demand
for geographic visualization from various industries.
Regional analysis: Regionally, North America dominated the aerial
imaging market in 2022, accounting for the largest share. However, Asia-Pacific
is expected to grow at the highest CAGR during the forecast period due to rapid
industrialization and infrastructure development in developing countries such
as China and India.
The global aerial imaging market
size was valued at US$ 3439.29 Mn in 2023 and is projected to reach US$ 8433.65
Mn by 2030, expanding at a CAGR of 15% during the forecast period.
Key players: 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. Google
leads the market due to its advanced technology, global presence, and
integration of aerial imagery into widely-used Google Maps and Earth platforms.
Get More Insights Here
https://www.newsstatix.com/aerial-work-platform-awp-market-share-size-forecast-outlook-2023-2030/
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