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Aerial Imaging - Global Market Trajectory & Analytics

  • ID: 4804509
  • Report
  • February 2022
  • Region: Global
  • 389 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3D Robotics
  • Airobotics
  • Cooper Aerial Surveys Co.
  • Fugro N.V.
  • Kucera International Inc.
  • Panasonic Corporation

Global Aerial Imaging Market to Reach US$4.6 Billion by the Year 2026


Aerial imaging refers to imagery taken from an airborne craft which includes drones, aircrafts, helicopters and balloons among others. Aerial imagery represents an indispensable tool for topographical mapping and the interpretation of places for planning and analysis. It offers vital information that can be used for disaster management, precision agriculture, asset monitoring, habitat protection, forestry, conservation, urban planning and more. Growth in the global market is led by advancements in technologies such as cameras, processing methods, collection platforms and cloud storage and analytics platforms that continue to enrich aerial data. The global market is anticipated to be also bolstered by continuing technological advances related to camera systems to achieve ultra-resolution imagery. The market growth is also stimulated by ongoing technological advances in aerial platforms and camera systems along with rising awareness about various advantages of the technology and growth of location-based services. The ability of aerial photography to enable perfect shot, enhanced pilot handling and elevated angle view for high-resolution imagery is expected to considerably drive its demand across the government sector, opening lucrative avenues for growth. In the coming years, the technology is likely to find extensive use to support town planning, energy exploration and homeland security applications as well as to manage environmental or climate changes.

Amid the COVID-19 crisis, the global market for Aerial Imaging estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2026, growing at a CAGR of 14.7% over the analysis period. UAV & Drone, one of the segments analyzed in the report, is projected to grow at a 15.9% CAGR to reach US$2.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fixed Wing Aircraft segment is readjusted to a revised 14.9% CAGR for the next 7-year period. This segment currently accounts for a 21.5% share of the global Aerial Imaging market. The drone/UAV platform dominates the market owing to increasing adoption of the option for aerial imaging in sectors such as government, oil & gas, construction, agriculture and military & defense. Drones/UAVs provide a cost-efficient alternative to fixed-wing aircraft and helicopters for aerial imaging, which is pushing up their adoption in low-budget, small-scale imaging applications.



The U.S. Market is Estimated at $725.3 Million in 2021, While China is Forecast to Reach $767 Million by 2026


The Aerial Imaging market in the U.S. is estimated at US$725.3 Million in the year 2021. The country currently accounts for a 31.7% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$767 Million in the year 2026 trailing a CAGR of 17% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 14.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.4% CAGR while Rest of European market (as defined in the study) will reach US$331 Million by the end of the analysis period. North America dominates market share due to early adoption and extensive application of aerial imagery within the defense, energy and agriculture industries. Led by the US, the regional market is poised to gain from increasing use of drones in the forestry and agriculture industries coupled with advances in the telecom sector and ongoing innovations in the defense domain. Market in Asia-Pacific is predicted to register the fastest growth rate over the coming years on account of rising attention on drone surveying and mapping in the agriculture and government sectors across various countries like India and China. The regional market is expected to receive a major growth stimulus from increasing use of UAVs for aerial imaging within the forestry and agriculture industries.

Helicopter Segment to Reach $646.1 Million by 2026


In the global Helicopter segment, USA, Canada, Japan, China and Europe will drive the 12.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$253.6 Million in the year 2020 will reach a projected size of US$574.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$75.9 Million by the year 2026.

Select Competitors (Total 74 Featured) -

  • 3D Robotics
  • Aerial Imaging Productions, LLC
  • AeroVironment, Inc.
  • Airobotics
  • Blom Norway AS
  • Cooper Aerial Surveys Co.,
  • Cyberhawk Innovations Limited
  • Datumate
  • Digital Aerial Solutions, LLC
  • SZ DJI Technology Co., Ltd.
  • EagleView Technologies, Inc.
  • Fugro N.V.
  • Getmapping PLC,
  • Global UAV Technologies Ltd
  • Hoverfly Technologies, Inc.
  • Keystone Aerial Surveys, Inc.
  • Kucera International Inc.
  • Landiscor Real Estate Mapping
  • Nearmap Ltd.
  • Panasonic Corporation
  • PrecisionHawk
  • Sanborn Map Company, Inc.
  • Sky-Watch A/S
  • Verisk Analytics, Inc.
  • Yuneec International
Frequently Asked Questions about the Global Market for Aerial Imaging

What is the estimated value of the Global Market for Aerial Imaging?

The Global Market for Aerial Imaging was estimated to be valued at $2.0 Billion in 2020.

What is the growth rate of the Global Market for Aerial Imaging?

The growth rate of the Global Market for Aerial Imaging is 14.9%, with an estimated value of $4.6 Billion by 2026.

What is the forecasted size of the Global Market for Aerial Imaging?

The Global Market for Aerial Imaging is estimated to be worth $4.6 Billion by 2026.

Who are the key companies in the Global Market for Aerial Imaging?

Key companies in the Global Market for Aerial Imaging include 3D Robotics, Aerial Imaging Productions, LLC, AeroVironment, Inc., Airobotics, Blom Norway AS, Cooper Aerial Surveys Co., Cyberhawk Innovations Limited, Datumate and SZ DJI Technology Co., Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3D Robotics
  • Airobotics
  • Cooper Aerial Surveys Co.
  • Fugro N.V.
  • Kucera International Inc.
  • Panasonic Corporation

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, A Review of the World Economy in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Aerial Imaging Maintains Resilience amid the Pandemic
  • Communication Technologies Facilitate Surveying Activities Amidst the Pandemic
  • With More than Bird’s Eye View, Aerial Imaging Assists Local Governments Make Informed Decisions
  • Aerial Imaging - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 74 Players Worldwide in 2022 (E)
  • Aerial Imaging: A Prelude
  • Market Outlook
  • Key Challenges
  • North America Remains Frontrunner in Global Aerial Imaging Market
  • Aerial Imaging Technology Witnesses Major Leap Forward with Drones
  • Aerial & Satellite Imagery: Primary Merits & Limitations
  • Factors Influencing Selection of Aerial & Satellite Imagery
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rising Investments in Startups
  • Surveying & Mapping Industry Observes Paradigm Shift towards Aerial Imaging
  • Aerial Photogrammetry for Mapping Applications
  • Drones for Surveying & Mapping Workflows
  • The Growing Need to Manage Disaster Risk Against the Backdrop of Climate Change Drives Demand for Aerial Imaging
  • Aerial Imagery Helps Better Preparedness in Event of Natural Catastrophes
  • Growing Frequency of Extreme Weather Events & Related Losses Drives the Focus on Disaster Preparedness: Global Number of Extreme Weather Events & Financial Losses (In US$ Billion) for the Years 2000, 2005, 2010, 2015 and 2020
  • Addressing Gaps with Remote Sensing
  • Environmental Monitoring & Wildlife Conservation: Growing Application Areas
  • Aerial Imaging Makes Big Wave in Construction Sector amid COVID-19 to Overcome Inherent Operational Issues
  • Aerial Imaging Presents Holistic Mapping Solution for Diverse Industries
  • Unprecedented Catastrophes Make Insurers to Bet on Aerial Imaging to Analyze Effect of Natural Disasters
  • Drone Usage for Aerial Imaging Gains Traction in Insurance Industry
  • Aerial Imaging to Help Scientists Estimate River Discharge
  • Expanding Population and Rising Demand for Food Fuel Adoption of Agricultural Aerial Imaging Systems
  • Startups from across the World Developing Innovative Aerial Imaging Solutions for the field of Agriculture
  • World Arable Land (in Million Ha): 1961-2050
  • Agriculture as a Percentage of GDP by Region (2018)
  • Labor Shortage in Agriculture to Drive Increased Uptake of Aerial Imaging
  • Percentage (%) of Agricultural Workers in the Global Workforce for the Years 1992, 2019 & 2022
  • Growing Attention Towards Precision Farming Benefits Uptake
  • Companies Gear Up to Tap Agricultural Drone Demand for Field Mapping Application
  • Agricultural Drones Powered by Multispectral Imaging Transform Farming Practices
  • Real Estate Industry Leverages Aerial Imaging Technology
  • Aerial Imagery Becomes More Meaningful With AI and DL for Land Surveying and Civil Engineering Enterprises
  • Factors Set to Favor and Positively Influence Drone-based Aerial Imaging
  • Key Challenges
  • Global Drone Enabled Service Revenues by Application in Percentage: 2025P
  • An Insight into Technological Advancements in Aerial Imaging
  • Drone Cameras Get Smarter
  • 3D Aerial Modeling with Drones
  • 360° VR Drone Cameras
  • Vertical Drone Cameras
  • Advances Related to Software, Sensors and AI
  • Aerial Imaging to Embrace AI
  • Surveying and Mapping Services find Significance for Smart City Initiatives
  • Smart City Spending in US$ Billion for Years 2020 and 2027
  • Aerial Imagery for Border Enforcement & Migration Surveillance
  • Defense Expenditure Worldwide in US$ Billion for the Years 2001 through 2020
  • Leading Countries Ranked by Defense Budgets in US$ Billion for 2020
  • Robust Defense Spending Opens Opportunities for Aerial Imaging: World Military Expenditure (In US$ Billion) for Years 2019, 2020 and 2021
  • Protection of Critical Infrastructure Drives Adoption of Aerial Imaging in Energy & Utilities Industry
  • Projected Infrastructure Investments in the Energy Sector Sets the Business Climate for Aerial Imaging in Utilities: Global Cumulative Infrastructure Spending (In US$ Trillion) by Sector during 2016-2030
  • Aerial Imaging Brims with Huge Potential for Efficient Deployment of Solar Projects
  • Aerial Photography for Different Phases of Solar Projects
  • Oil & Gas Industry: Aerial imaging Helps Surveillance of Critical Assets and Remote Sites

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Aerial Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Active Players in United States

CANADA

  • Active Players in Canada

JAPAN

  • Aerial Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Aerial Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Aerial Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Aerial Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Aerial Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Aerial Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Active Players in United Kingdom

REST OF EUROPE

ASIA-PACIFIC

  • Aerial Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 74
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3D Robotics
  • Aerial Imaging Productions, LLC
  • AeroVironment, Inc.
  • Airobotics
  • Blom Norway AS
  • Cooper Aerial Surveys Co.
  • Cyberhawk Innovations Limited
  • Datumate
  • Digital Aerial Solutions, LLC
  • SZ DJI Technology Co., Ltd.
  • EagleView Technologies, Inc.
  • Fugro N.V.
  • Getmapping PLC
  • Global UAV Technologies Ltd
  • Hoverfly Technologies, Inc.
  • Keystone Aerial Surveys, Inc.
  • Kucera International Inc.
  • Landiscor Real Estate Mapping
  • Nearmap Ltd.
  • Panasonic Corporation
  • PrecisionHawk
  • Sanborn Map Company, Inc.
  • Sky-Watch A/S
  • Verisk Analytics, Inc.
  • Yuneec International
Note: Product cover images may vary from those shown