Aerial Imaging Market to Reach USD 36.70 Billion by 2029; Ecopia Wins Contract with Canadian Government to Foster Growth

The global aerial imaging market size was USD 5.88 billion in 2021. The market is projected to grow from USD 7.51 billion in 2022 to USD 36.70 billion in 2029 exhibiting a CAGR of 25.44% during the forecast period.

This information is presented by Fortune Business Insights, in its report titled, “Aerial Imaging Market Size, Share, and COVID-19 Impact Analysis by Camera Orientation (Oblique and Vertical), By Oblique (Low and High), End-Use (Government, Defense, Forestry and Agriculture, and Others {Infrastructure, Transport, Media and Entertainment}) and Regional Forecast, 2022-2029.”

Growth for Delivery Drones Observed during Pandemic

All economic sectors were drastically impacted by the COVID-19 epidemic. Business operations in every industry were impacted by the pandemic-related limitations imposed by governments around the world, including social distance rules. However, during this time, drone-based imaging applications saw fresh growth prospects. During the COVID-19 pandemic, many nations used drones for delivery and transportation.

Aerial Services Awarded Five-Year USDA PINE Aerial Imagery Blanket Purchase Agreement

The U.S. Department of Agriculture's (USDA) PINE Aerial Images contract recently chose Aerial Services, Inc. (ASI) to supply countrywide aerial imagery and process high-resolution orthoimagery. ASI will compete under the terms of the blanket purchase agreement (BPA) to supply high-resolution, vertical imagery to support various Farm Production and Conservation (FPAC) geographic information system (GIS) programs, including but not limited to resource management, conservation initiatives, crop compliance, and disaster response.

The General Services Administration (GSA) Multiple Award contract vehicle will be used to award the USDA PINE BPA contract in the fourth quarter of 2021. The contract will have a five-year ordering term. The National Agriculture Imagery Program (NAIP), the National Resources Inventory (NRI), the Stewardship Lands (SL), the Ad-Hoc and Disaster Programs, and other resource initiatives are special projects covered by the BPA.

Increasing Demand for Aerial Imagery in Oil and Gas and Construction Drive Market Growth 

The Aerial Imaging Market is anticipated to increase as a result of rising construction and development activities, increasing resource and energy management requirements, and other factors.

A major driving force behind the development of aerial imaging is the use of high-resolution mapping and surveying in a variety of industries, including architecture, oil & gas, solar energy, engineering, construction, commercial and residential development, sewer management, roadway design, roofing, water treatment, traffic engineering, and other fields. There is growing adoption of drones for pipeline inspection and maintenance, infrastructure inspection, windmill and wind farm inspection, rail track inspection, solar panel monitoring, and transmission line inspection.

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Key Players Sign Significant Contracts to Make Remarkable Changes in Market

The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing profitable revenue for their own company.

Industry Development

• November 2021: The Canadian government awarded a contract to Toronto-based Ecopia for the provision of map data for network deployment planning. According to the agreement, the company will assist in determining which buildings in rural Canada probably require broadband internet access on a building-by-building basis. All of Canada's rural areas will have maps made, and the data will be utilized for research and implementation of broadband in the future.

List of Key Players Covered in the Report

• Nearmap Inc. (U.S.)


• EagleView Technologies Inc. (U.S.)


• Cooper Aerial Surveys Co (U.S.)


• Vexcel Imaging Inc. (U.S.)


• Fugro N.V (Netherlands)


• AgEagle Aerial Systems Inc. (U.S.)


• Dronegenuity Inc. (U.S.)


• Ceres Imaging Inc (U.S.)


• Geovantage Inc (U.S.)


• Dronedeploy Inc. (U.S.)

Further Findings

• North America held the largest aerial imaging market share in 2021 and is projected to grow at a moderate CAGR during the forecasted period. This growth is attributed to the increasing use of aerial imagery in the U.S. and Canada due to the region's flourishing trade, economy and presence of major manufacturers.


• Based on End-Use, the market is classified into Government, Defense, Forestry and Agriculture and Others (Infrastructure, Transport, Media and Entertainment)


• The Government segments is set to grow at the highest CAGR during the forecasted period.

Table of Segmentation