The aerial Imaging Market is anticipated to grow at a rapid CAGR of 13.3% from US$ 3.0 Billion in 2022 to US$ 10.5 Billion by 2032, according to a recent analysis by Future Market Insights. According to this survey, aerial imaging companies constantly prioritize the creation of cutting-edge camera systems for a variety of imaging applications. During the anticipated period, this element is anticipated to fuel market expansion.
The demand for aerial imaging in disaster risk reduction and prevention, the surge in demand for a variety of commercial applications, and the use of aerial imaging technology in the construction of 5G infrastructure are the main factors anticipated to accelerate the growth of the aerial imaging market during the forecast period.
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Aerial imagery services have also become more popular as a result of their many uses, including photogrammetric surveys, the creation of topographic maps, environmental research, surveillance, and other things. expanded application areas across several industries, including forestry, energy, and civil engineering. These are some additional elements that will fuel market expansion during the study period.
Key Takeaways from the Market Study
- The global aerial imaging market was valued at US$ 3.0 Billion by 2022-end
- The US to account for the highest value share of US$ 3.9 Billion of global market demand for the Aerial Imaging Market in 2032
- From 2015 to 2021, Aerial Imaging demand expanded at a CAGR of 13.9%
- By Application, Geospatial Technology constitutes the bulk of the Aerial Imaging market with a CAGR of 14.2%.
“Increasing research and development activities, as well as rising demand from the emerging economies, is a major factor that is expected to flourish the growth of the aerial imaging market during the forecast period,” remarks an FMI analyst.
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Competitive Landscape
Players in the global Aerial Imaging Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:
- In January 2022, Iris Automation, Doosan Mobility Innovation (DMI), and Drone America agreed to use Doosan’s hydrogen fuel cell technology to explore feasibility and opportunities for long-range autonomous unmanned aerial vehicles (UAV).
- In December 2021, the US Navy and Boeing initiated the testing phase of the MQ-25 T1 test asset, an unmanned aerial refueler. The first test successfully ensured the possible future integration of unmanned vehicles for refueling purposes in military operations.
- In July 2021, senseFly, a leading provider of fixed-wing mapping drones, announced the launch of eBee TAC, an advanced fixed-wing Unmanned Aircraft System (UAS) designed for covert tactical mapping operations in security defense and governmental sectors. The eBee TAC provides active field personnel access for reliable and accurate location data and maps, offering field intelligence and situational awareness required to act with confidence and precision across rapidly-changing environments.
By Key Players
- Terra Flight Aerial Imaging Inc.
- Fugro Ltd
- Nearmap Ltd.
- Eagle View Technologies, Inc.
- Digital Aerial Solutions, LLC
- Aerial Imaging Productions, LLC
Know More About What the Aerial Imaging Market Report Covers
Future Market Insights offers an unbiased analysis of the global Aerial Imaging Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the Aerial Imaging Market, the market is segmented on the basis of application, and end-use industry across five major regions.
Key Segments Covered in the Aerial Imaging Market Study
By Application:
- Aerial Imaging for Energy Extraction
- Aerial Imaging for Geospatial Technology
- Aerial Imaging for Natural Resources Management
- Aerial Imaging for Construction & Development
- Aerial Imaging for Disaster Response Management
- Aerial Imaging for Defense & Intelligence
- Aerial Imaging for Conservation & Research
- Aerial Imaging for Media & Entertainment
By End Use Industry:
- Aerial Imaging for Government
- Aerial Imaging for Commercial Enterprises
- Aerial Imaging for Civil Engineering Industry
- Aerial Imaging for Military
- Aerial Imaging for Forestry & Agriculture
- Aerial Imaging for Energy Sectors
- Aerial Imaging for Insurance
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
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About Us:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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