Aerial Imaging Market to Grow at a CAGR of 7.15% During the Forecast Period; Growing Focus on Decision-making in Several Industries to Foster Market Expansion

The global aerial imaging market size was USD 2,866.9 million in 2023. The market revenue is anticipated to rise from USD 3,153.6 million in 2024 to USD 5,478.1 million by 2032 at a CAGR of 7.15% during 2024-2032.

Fortune Business Insights™ presents this information in its report titled, “Aerial Imaging Market Size, Share & Industry Analysis, By Platform (Aircraft, Helicopters, and Drones/UAVs), By Type (On Demand and Subscription-Based), By Service Type (Imagery Service and Analytical Solutions), By Technique (Oblique and Vertical), By End Use (Real Estate & Architecture, Agriculture, Insurance, Environmental & Conservation (Urban Planning), Commercial & Advertising, and Others), and Regional Forecast, 2024-2032”.  

Aerial imaging is the procedure of capturing images of the Earth's surface from aircraft, drones, or satellites. This process has progressed considerably since its beginning and is highly preferred in different applications, such as mapping, surveying, environmental monitoring, and disaster response. With technological innovations, the precision and user-friendliness of aerial imagery will only advance, further improving its usefulness in decision-making procedures across several industries.

The COVID-19 pandemic negatively impacted the market due to disruptions in supply chains and slowing down new product deliveries. However, as the restrictions eased the demand for aerial imagery also recovered.

Strategic Alliances Between Vexcel and CAPE Analytics to Augment Market Progress

In June 2024, Vexcel and CAPE Analytics declared a strategic alliance intended to improve property insights through high-resolution aerial imagery. This partnership is predicted to enhance CAPE's capacities in offering predictive property risk analytics in the U.S., Canada, and Australia.

Surging Adoption of Aerial Imaging in Different Sectors to Boost Market Growth

There is an increased preference for aerial imagery in several sectors to offer visuals of landscapes, sites, and features of the ground. In urban planning, aerial imaging assists city planners to perform detailed study of infrastructure, growth planning, and enhancing traffic flow. Aerial imagery is widely used in the agriculture industry for accurate farming to keep an eye on crop health, spot pests, and improve irrigation practices, enhancing yields and resource efficiency. Environmental monitoring highly depends on drones for photogrammetry to follow changes, analyze natural disaster impact, and study ecosystems. High-resolution aerial images are widely used in scientific research in geotechnics, geology, ecology, and archaeology to assess terrain, vegetation mapping, and find archaeological sites. The surging adoption of aerial imagery in different sectors that offers essential insights for decision-making, planning, and research is boosting market growth.

Conversely, substantial equipment and maintenance costs are impeding the aerial imaging market growth.

Key Companies Emphasize Partnerships and Acquisitions to Strengthen Product Pipelines

Leading companies are focusing on the improvement in their service offerings. An increase in the introduction of a variety of solutions and surging R&D investments assist key players in maintaining their dominance.

Notable Industry Development:

• October 2024: Vexcel completed an extensive aerial imagery collection in response to Hurricane Milton, which made landfall as a Category 3 storm on October 9, 2024. This move is part of Vexcel's Gray Sky Program, intended to offer high-resolution imagery and damage assessments to assist recovery initiatives following natural tragedies.

List of the Companies Profiled in the Report

• Nearmap Inc. (Australia)
• EagleView Technologies Inc. (U.S.)
• Vexcel (Austria)
• Hexagon (Sweden)
• Fugro (Netherlands)
• Bluesky International Ltd (U.K.)
• Digital Aerial Solutions LLC (U.S.)
• Cooper Aerial Surveys Co. (U.S.)
• Landiscor Real Estate Mapping (U.S.)
• Kucera International Inc. (U.S.)
• Aeroptic, LLC (U.S.)
• Global UAV Technologies Ltd. (High Eye Aerial Imaging Inc.) (Canada)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/aerial-imaging-market-100069

Further Report Findings

• North America takes the lead in the global market, driven by the existence of top service suppliers and innovative technological infrastructure. Increased demand for drones and unmanned aerial vehicles (UAVs) for data collection is also boosting market expansion in the region.
• The market in Asia Pacific is set to witness a CAGR of 8.88% from 2024 to 2032, owing to the increased urbanization and infrastructure expansion in China, India, and Indonesia. Surging investments in transportation networks and smart city projects are driving the demand for aerial imaging services.
• By platform, drones/ UAVs accounted for the highest aerial imaging market share due to their advantages, such as cost-effectiveness and accessibility. Drones/ UAVs are gaining traction owing to their affordability and lower maintenance costs.
• On the basis of type, the on demand segment led the market as companies and the commercial sector striving for particular aerial imaging solutions custom-made as per their unique necessities.

Table of Segmentation