Aerial Imaging Market worth over $6 Bn by 2027

Aerial Imaging Market size is set to surpass USD 6 billion by 2027, according to a new research report by Global Market Insights Inc.
 

Increasing adoption to capture images of the ground from an elevated place in likely to boost the aerial imaging industry growth. The growing concerns for building infrastructure, town planning, energy & mining exploration, homeland security, and management of environmental changes are expected to improve the market revenue.

 

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Growing usage of fixed-wing aircraft for geospatial mapping, surveillance, and monitoring

The fixed-wing aircraft segment is poised to grow at over 10% CAGR through 2027. The segment is propelled by the increasing adoption across various application areas such as geospatial mapping, surveillance & monitoring, conservation, and research applications. Aerial photography with fixed-wing aircraft is more affordable as compared to helicopters and is most useful for projects that require high-altitude images with wide angles that cover large areas of land. Fixed-wing aircraft are highly competent platforms for aerial imaging applications under the right conditions.
 

Global Aerial Imaging Market Size By End-use

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Rising use of vertical imaging for mapping purposes

The vertical imaging segment held more than 60% of the revenue share in 2020 as vertical photography is relatively beneficial for mapping purposes. Vertical images are the most common type of images used for remote sensing and aerial survey applications. For applications where aerial imaging must cover large areas of land, such as flood risk assessments, forestry & timber estimations, and coastal erosion studies, vertical aerial imaging is an ideal solution.
 

Browse key industry insights spread across 300 pages with 293 market data tables and 36 figures & charts from the report, “Aerial Imaging Market Size, By Platform (Fixed-wing Aircraft, Helicopter, UAV/Drone), By Imaging Type (Vertical Imaging, Oblique Imaging), By Application (Geospatial Mapping, Disaster Management, Energy & Resource Management, Surveillance & Monitoring, Urban Planning, Conservation & Research), By End-use (Government, Energy, Military & Defense, Agriculture & Forestry, Archaeology & Civil Engineering, Oil & Gas), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aerial-imaging-market

 

Growing incidents of natural disasters to support the market growth

The disaster management segment is slated to showcase significant demand through 2027. Increasing incidents of natural disasters, such as floods, storm surges, tropical cyclones, and wildfires, giving rise to the need for advanced aerial imaging solutions to assess the damages caused by such events. As climate change has resulted in an increase in the number of natural disasters around the world in the past four decades, the need for effective damage assessment measures has also increased considerably.
 

Rising need to improve exploration activities across oil & gas facilities

Oil & gas application is anticipated to witness around 15% gains during 2021 to 2027 due to the growing need to increase exploration activities. Aerial imaging service providers offer a host of services such as oil refinery & fuel storage tank inspection services, chimney inspections, pipeline monitoring, and preventive maintenance. These services help to simultaneously collect & deliver digital & thermal images; inspection engineers can efficiently monitor activities while remaining on the ground.
 

Strong presence of aerial imaging vendors in North America

North America aerial imaging market is forecast to generate about USD 2 billion revenue in 2025. Strong presence and expertise of aerial Imaging solutions & services in the region is driving the industry statistics. For instance, In December 2020, Aevum Inc. launched RAVN-X, a rocket launching drone. The new drone was designed to send small satellites into the orbit without a pilot or launch pad. The company also offers RAVN-X for aerial imaging and remote sensing. This system is autonomous and requires costly infrastructure.
 

Focus on partnerships by industry participants to augment the market share

Companies are focusing on partnerships to address the growing market demand. For instance, in August 2020, Phase One Industrial, a provider of medium and large- format metric cameras and imaging solutions for aerial applications, signed a partnership agreement with Acecore Technologies, a developer of Unmanned Aerial Vehicles (UAVs). Under this partnership, both the companies aimed to offer high-end products and new opportunities in drone-based high-accuracy mapping and inspection.
 

Some of the key aerial imaging market players include 3D Robotics, AeroVironment, Inc., Airobotics, Cooper Aerial Surveys Co., Cyberhawk Innovations Limited, Digital Aerial Solutions, LLC, DJI, DroneDeploy (Infatics Incorporation), EagleView Technologies, Inc, Fugro N.V., GeoVantage, Inc, Getmapping PLC, High Eye Aerial Imaging, Google, Inc., Hoverfly Technologies, Inc., Kucera International, Inc., Landiscor Real Estate Mapping, Nearmap Ltd., Parrot SA, PrecisionHawk,  Sky-Watch A/S and Yuneec International.
 

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