The Market for Aerial Imaging is forecast to reach $5.09 billion by 2027, growing at a CAGR of 10.2% from 2022 to 2027. The Aerial Imaging Market is driven by the increasing applications of aerial imaging in the agriculture, government, civil engineering, research, and other sectors. The increasing adoption of aerial imagery in multiple application areas, such as surveillance and monitoring, Geospatial, energy and resource management, conservation and research, exhibition and live entertainment, disaster management, construction and development has been the key driver for the market. The demand for high oblique in the aerial imagery market is expected to grow at the fastest pace during the forecast period. With the increasing crime rate and rise in advanced defense technologies, the growth of the aerial imagery market is expected to be high in the defense sector.
The report: “Aerial Imaging Market- Forecast (2022-2027)”, covers an in-depth analysis of the following segments of the Aerial Imaging Market.
The Internet of Things is a launch pad for the drone sensors. This factor drives the demand for drone aerial spraying in the forecast period. The growing adoption of unmanned aerial vehicles in defence and other industries is expected to boost the demand for aerial imaging services.
The increasing popularity of location-based services and technological developments in the field of advanced aerial camera systems and drone technology will spur the growth of aerial video photography.
The application of aerial imagery in applications such as homeland security and management of environmental changes will drive the demand for aerial imaging.
The growing incidences of natural disasters will enhance the growth of aerial imaging.
Vertical aerial imaging is the more common imaging type used in the current market at 62% share in 2020. Although the use of the aerial imaging technique is cost-effective there are certain challenges associated with its employment, such as lack of safety insurance, limited assurance, and concern for privacy when the action is performed by a drone or other autonomous devices. At present, journalists are operating drones to collect valuable information but there are certain challenges associated with it such as negative public perception, privacy violation risk, operational safety risk, hazards are among others. Besides these challenges, aerial photography also provide with an amazing experience such as perfect shot, elevated angle view, and pilot handling experience among others. Oblique aerial photographs provide the viewer with an easily comprehensible image of a location and are useful for looking at foreground building frontages. Thus, the oblique aerial imaging market is set to grow at a higher rate.
The defence sector will dominate the Aerial Imaging Market in the coming years growing at a CAGR of 11.6%. This segment uses aerial imaging to safeguard border areas and prepare map structures. Other areas such as research and exploration, mining, oil and gas, archaeological surveys, and resource management also use aerial imaging. The increasing awareness of precision agriculture for field mapping and crop scouting has compelled the farmers to use aerial imaging in the farming. This will drive agriculture as the fastest growing segment in the Aerial Imaging market.
North America is expected to dominate the Aerial Imaging Market during the forecast period due to the large-scale applications of aerial imagery in the energy, agriculture, and defence sectors in this region. North America had a share of 36% in 2020 due to significant adoption in the U.S market. Europe and Asia-Pacific follow in terms of market share. The Asia Pacific is expected to have the fastest growth in the coming years due to growing applications of drone filming in government and agricultural sectors in countries such as China and India. The Middle East and African markets are expected to be driven by the increasing applications of aerial imagery in the tourism industry. The South American market will be driven by the growing applications of aerial imagery in the agricultural and industrial sectors.
There is a discernible dearth of farm labourers worldwide. This labour scarcity is spurring farm owners to invest in technology-alternatives, and one of them is Aerial Imaging, particularly with drones. As mentioned above, this alternative to labour saves a lot of time and imparts good performances. Perceptibly, low-wages and education will further reduce the employment of labourers in the agricultural sector which will drive the Aerial Imaging market. However, in the short to midterm, Aerial Imaging, despite their relatively higher cost offer a better ROI and savings for large agricultural companies and is thus witnessing significant adoption. Aerial imagery will help farmers to be informed about their vast agricultural acreage by capturing high resolution elevated pictures with details of an individual plant. This will further help the farmers to take informed decisions about their crops growth and field, reduce water wastage and increase production efficiency.
The market potential for aerial imaging has led to increased investment into new startups focused on aerial imaging, particularly for drones. An aerial spectral imagery company Ceres Imaging, helps farmers to solve their problem with a unique pair of hardware set and agriculture expertise have received a funding of $5 million from Romolus capital. Birmingham-based geospatial insight provides information and intelligence through aerial and satellite imagery, and has received a £1.68m investment to expand its caps. A company named Glasgow-based Bird, a French entrepreneur with a background in earth observation satellite management has secured £210,000 of RSA funding from Scottish Enterprise. The technological advancements as a result of the funding being provided to these companies will propel the market growth of aerial imaging during the forecast period.
Commercial use of drones or capturing aerial imagery is banned in most of the global market because of privacy and terrorist concerns. This is expected to restrain the market growth. The navigable airspace regulations surrounding consumer drones, particularly in the U.S market will also hinder the market growth. FAA regulations must be dramatically scaled back and reformed to reflect the countless benefits and comparatively minimal risks associated with drone technology. The presence of these overly restrictive regulations on the commercial drones market will hinder the market growth of aerial imaging.
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Aerial Imaging Market. The Aerial Imaging Market is dominated by major companies such as NRC Group ASA, Cicade s.a, Digital Aerial Solutions, Cooper Aerial Surveys Co, Fugro N.V., and Landiscor Aerial Information among others.
In 2019 DJI created a new version of the Phantom 4 Pro drone, known as Phantom 4 Pro V2.0. Ageagle LLC manufactures unmanned aerial vehicles. Its products are AgEagle RX-60 and RX-48 Systems. This product is used for commercial aerial imaging primarily.
This product will be delivered within 2 business days.
Report Coverage
The report: “Aerial Imaging Market- Forecast (2022-2027)”, covers an in-depth analysis of the following segments of the Aerial Imaging Market.
- By Platform - Fixed Wing, Rotary Wing, UAV/Drones, Parachutes, Airships, Balloons, Vehicle Mounted Poles, Rockets and Others.
- By Imaging Type - Vertical and Oblique.
- By Application - Geospatial Mapping, Disaster Management, Surveillance and Monitoring, Energy and Resource Management, Conservation and Research, Urban Planning and Others.
- By End Use Industry - Oil and Gas, Government, Military and Defense, Education and Academic Research, Energy and Power, Agriculture and Forestry, Civil Engineering and Archaeology and Others.
- By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Australia and Others), South America(Brazil, Argentina and others), and RoW (the Middle East and Africa).
Key Takeaways
The Internet of Things is a launch pad for the drone sensors. This factor drives the demand for drone aerial spraying in the forecast period. The growing adoption of unmanned aerial vehicles in defence and other industries is expected to boost the demand for aerial imaging services.
The increasing popularity of location-based services and technological developments in the field of advanced aerial camera systems and drone technology will spur the growth of aerial video photography.
The application of aerial imagery in applications such as homeland security and management of environmental changes will drive the demand for aerial imaging.
The growing incidences of natural disasters will enhance the growth of aerial imaging.
Aerial Imaging Market Segment Analysis - By Imaging Type
Vertical aerial imaging is the more common imaging type used in the current market at 62% share in 2020. Although the use of the aerial imaging technique is cost-effective there are certain challenges associated with its employment, such as lack of safety insurance, limited assurance, and concern for privacy when the action is performed by a drone or other autonomous devices. At present, journalists are operating drones to collect valuable information but there are certain challenges associated with it such as negative public perception, privacy violation risk, operational safety risk, hazards are among others. Besides these challenges, aerial photography also provide with an amazing experience such as perfect shot, elevated angle view, and pilot handling experience among others. Oblique aerial photographs provide the viewer with an easily comprehensible image of a location and are useful for looking at foreground building frontages. Thus, the oblique aerial imaging market is set to grow at a higher rate.
Aerial Imaging Market Segment Analysis - By End Use Industry
The defence sector will dominate the Aerial Imaging Market in the coming years growing at a CAGR of 11.6%. This segment uses aerial imaging to safeguard border areas and prepare map structures. Other areas such as research and exploration, mining, oil and gas, archaeological surveys, and resource management also use aerial imaging. The increasing awareness of precision agriculture for field mapping and crop scouting has compelled the farmers to use aerial imaging in the farming. This will drive agriculture as the fastest growing segment in the Aerial Imaging market.
Aerial Imaging Market Segment Analysis - By Geography
North America is expected to dominate the Aerial Imaging Market during the forecast period due to the large-scale applications of aerial imagery in the energy, agriculture, and defence sectors in this region. North America had a share of 36% in 2020 due to significant adoption in the U.S market. Europe and Asia-Pacific follow in terms of market share. The Asia Pacific is expected to have the fastest growth in the coming years due to growing applications of drone filming in government and agricultural sectors in countries such as China and India. The Middle East and African markets are expected to be driven by the increasing applications of aerial imagery in the tourism industry. The South American market will be driven by the growing applications of aerial imagery in the agricultural and industrial sectors.
Aerial Imaging Market Drivers
Farm Labour Shortage Driving Aerial Imaging in Agriculture
There is a discernible dearth of farm labourers worldwide. This labour scarcity is spurring farm owners to invest in technology-alternatives, and one of them is Aerial Imaging, particularly with drones. As mentioned above, this alternative to labour saves a lot of time and imparts good performances. Perceptibly, low-wages and education will further reduce the employment of labourers in the agricultural sector which will drive the Aerial Imaging market. However, in the short to midterm, Aerial Imaging, despite their relatively higher cost offer a better ROI and savings for large agricultural companies and is thus witnessing significant adoption. Aerial imagery will help farmers to be informed about their vast agricultural acreage by capturing high resolution elevated pictures with details of an individual plant. This will further help the farmers to take informed decisions about their crops growth and field, reduce water wastage and increase production efficiency.
Rising Investment into Aerial Imaging Startups
The market potential for aerial imaging has led to increased investment into new startups focused on aerial imaging, particularly for drones. An aerial spectral imagery company Ceres Imaging, helps farmers to solve their problem with a unique pair of hardware set and agriculture expertise have received a funding of $5 million from Romolus capital. Birmingham-based geospatial insight provides information and intelligence through aerial and satellite imagery, and has received a £1.68m investment to expand its caps. A company named Glasgow-based Bird, a French entrepreneur with a background in earth observation satellite management has secured £210,000 of RSA funding from Scottish Enterprise. The technological advancements as a result of the funding being provided to these companies will propel the market growth of aerial imaging during the forecast period.
Aerial Imaging Market Challenges
Ban on Commercial Use of Drones for Aerial Imaging
Commercial use of drones or capturing aerial imagery is banned in most of the global market because of privacy and terrorist concerns. This is expected to restrain the market growth. The navigable airspace regulations surrounding consumer drones, particularly in the U.S market will also hinder the market growth. FAA regulations must be dramatically scaled back and reformed to reflect the countless benefits and comparatively minimal risks associated with drone technology. The presence of these overly restrictive regulations on the commercial drones market will hinder the market growth of aerial imaging.
Aerial Imaging Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Aerial Imaging Market. The Aerial Imaging Market is dominated by major companies such as NRC Group ASA, Cicade s.a, Digital Aerial Solutions, Cooper Aerial Surveys Co, Fugro N.V., and Landiscor Aerial Information among others.
Acquisitions/Technology Launches/Partnership
In 2019 DJI created a new version of the Phantom 4 Pro drone, known as Phantom 4 Pro V2.0. Ageagle LLC manufactures unmanned aerial vehicles. Its products are AgEagle RX-60 and RX-48 Systems. This product is used for commercial aerial imaging primarily.
This product will be delivered within 2 business days.
Table of Contents
1. Aerial Imaging Market - Overview
2. Aerial Imaging Market - Executive summary
3. Aerial Imaging Market
4. Aerial Imaging Market Forces
5. Aerial Imaging Market - Strategic analysis
6. Aerial Imaging Market - By Platform (Market Size -$Million / $Billion)
7. Aerial Imaging Market - By Imaging Type (Market Size -$Million / $Billion)
8. Aerial Imaging Market - By Application (Market Size -$Million / $Billion)
9. Aerial Imaging - By End Use Industry(Market Size -$Million / $Billion)
10. Aerial Imaging - By Geography (Market Size -$Million / $Billion)
11. Aerial Imaging Market - Entropy
12. Aerial Imaging Market Company Analysis
Methodology
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