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The global aerial imaging market size stood at US$ 1,439.3 Mn in 2017 is projected to reach US$ 4,125.2 Mn by the end of 2025, exhibiting a CAGR of 14.2% during the forecast period from 2018 – 2025.
Aerial imaging/photography combines the salient features of high precision and cost-effectiveness for volume based calculations, route designing, urban planning, and for updating the existing mapping. The past few years have witnessed a significant increase in adoption of aerial imaging across various end-use applications. Also, the rising popularity of location-based services and increasing application areas of aerial imagery are prominent drivers of the market. Incorporation of advanced technologies, such as LiDAR systems, 360-degree vision cameras and geographic information system is likely to pave the way for new growth opportunities in the global market.
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"UAV/Drones to Emerge as Most Attractive Aerial Imaging Platform"
In terms of camera orientation, the global market is categorized into oblique and vertical. The oblique aerial imaging segment is estimated to enhance its market share and exhibit a healthy growth rate. This is because oblique aerial photographs are capable of reducing the costs involved in planning, mapping, and inventorying. By platform, the global market has been segmented into fixed-wing aircraft, helicopter, UAV/drones, and others. The UAV/drones segment is anticipated to be the fastest growing segment and captured approximately 45.7% of the global aerial imaging market share in 2017.
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On the basis of end-use industry, the global market is segmented into government, energy sector, defense, forestry and agriculture, real estate, civil engineering, insurance, and others. Forestry & agriculture, and government and real estate are projected to be among the leading end-use industry segments during 2018-2025. The growing need for energy and resource management and an increase in construction and development activities is estimated to boost market revenue during the forecast period.
"Implementation of UAVs for Capturing Aerial Imagery of Remote Locations Enables Market Exhibit Highest CAGR in the Asia Pacific"
The global aerial imaging market growth is led by North America mainly due to the rising implementation of aerial imaging in agriculture and forestry industry for improved decision making. The global market in North America generated a revenue of US$ 683.7 Mn in 2017 and is expected to dominate the market throughout the forecast period. In terms of growth rate, the global market in Asia Pacific is predicted to exhibit the fastest growth rate during the forecast period. This is due to the implementation of innovative platforms such as drones and UAVs for gathering the required data from a high-resolution aerial image captured. Further, the rising awareness regarding the advantages of utilizing aerial imaging for urban planning, surveillance and monitoring, and disaster management, backed up with the increasing affordability of capturing aerial images is predicted to promote growth.
North America Aerial Imaging Market, 2017
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"Nearmap Ltd., EagleView Technologies, Inc., Fugro N.V. and NRC Group ASA Leading Global Aerial Imaging Market in Terms of Revenue"
Currently, the global market is moderately concentrated due to the established global players and an extensive distribution network of leading companies in major geographies. The market is led by Nearmap Ltd., EagleView Technologies, Inc., Fugro N.V. and NRC Group ASA and they together account for more than one-third of market revenue share. These players maintain their strong global foothold by focusing on product performance, features, cost efficiency, and reliability. Furthermore, product innovation and new technology development are likely to be key market strategies implemented by these companies during 2018-2025.
Leading companies such as Eagleview Technologies, Inc. are expanding their global reach by collaborating with regional and potential players. In December 2018, Eagleview announced the acquisition of Spookfish, an Australian-based aerial imagery company for enhancing its aerial imaging equipment. Other players operating in the global market are Airobotics, DroneDeploy, 3D Robotics, Digital Aerial Solutions LLC, Cooper Aerial Surveys Co., GeoVantage Inc., Landiscor Real Estate Mapping, and Kucera International Inc., and others.
Aerial imagery plays a major role in collecting data regarding any location/topography in the form of images from an elevated position which is beneficial for the investigation purpose. The increasing frequency of natural disasters demands for more efficient disaster management system. Ongoing advancement in the aerial image capturing equipment allows capturing accurate and precise imagery which is useful in disaster management.
The report provides qualitative and quantitative insights on aerial imaging industry and detailed analysis of global aerial imaging market size & growth rate for all possible segments in the market. The market is segmented by camera orientation, platform, end-use industry and regionally. On the basis of camera orientation, the global market is categorized into oblique (high and low) and vertical aerial imaging. By platform, the market has been segmented into fixed-wing aircraft, helicopter, UAV/drones, and others.
On the basis of end-use industry, the market is divided into government, energy sector, defense, forestry and agriculture, real estate, civil engineering, insurance, and others. Geographically, the market is segmented into five major regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions are further categorized into countries.
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Along with this, the report provides elaborative analysis of market dynamics and competitive landscape. Various key insights provided in the report are the prevalence of key practices in aerial imaging methods, recent industry developments such as partnerships, mergers & acquisitions, industry SWOT analysis, business strategies of leading market players, macro and micro economic indicators, and key industry trends.
By Camera Orientation
o High Oblique
o Low Oblique
By End-Use Industry
As per our study, the global aerial imaging market held a revenue of US$ 1,439.3 Mn in 2017 and it is anticipated to grow at a CAGR of 14.2% during the forecast period (2018 -2025). Aerial imagery provides an efficient solution for various purposes such as route designing, urban planning, map renovations, and land use calculation
Aerial imaging has been increasingly adopted across various end-use industries among which government, forestry and agriculture account for a considerable market share. The most lucrative end use industry segments estimated are insurance and real estate.
In the aerial market, UAV/drones and fixed-wing aircraft are the leading platform segments. The introduction of Unmanned Aerial Vehicle (UAV) and Personal Aerial Mapping System (PAMS) has transformed the aerial imaging industry and its capability to access remote geographies is likely to gather more interest of market players
The aerial imaging market is estimated to reach US$ 4,125.2 Mn by 2025 with the increasing use of aerial imaging in construction and natural resource management. This is expected to favor substantial market growth over the forecast period.
Growing location-based services along with emerging camera technologies such as Hawk and UltraCam Osprey are favoring advancement in aerial imaging market
Key vendors in the aerial imaging market are Eagle View Technologies, Inc., Nearmap Ltd., NRC Group ASA, Digital Aerial Solutions, LLC, Landiscor Aerial Information, Kucera International Inc., and GeoVantage, Inc. These players are aiming towards enhancing product quality and new technology development for capturing better aerial imagery.
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