Aerial Imaging Market is Estimated To Witness High Growth Owing To Accelerating Adoption Of AI And Analytics Based Solutions In Wide Range Of Applications

Aerial Imaging Market


The global Aerial Imaging Market is estimated to be valued at US$ 3439.29 Mn in 2023 and is expected to exhibit a CAGR of 15.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

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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