Aerial Imaging Market Research Report:
Information by Platform Type (Fixed-Wing Aircrafts, Helicopters, UAVs/Drones,
and Others), Application (Land Surveying, Energy Equipment Monitoring,
Agriculture, Public Safety and Inspection, and Defense), and Region (North
America, Europe, Asia-Pacific, Middle East & Africa, and Latin
America)—Forecast till 2027
Market Forecast
The global Aerial Imaging Market is projected to register a CAGR of 12.5% between 2021
and 2027. Aerial imaging refers to the acquisition of meaningful data using
different platforms, including fixed-wing aircrafts, unmanned aerial vehicles
(UAVs) or drones, and helicopters. The applications of aerial imaging can be
found almost across all growing industries. The companies operating in these
industriesuse aerial imaging techniques to generate aerial images and process
them to produce digital spatial models of the target region.
The increasing adoption of aerial
imaging technology across various industries and growing location-based
services (LBS) and real-time location systems (RTLS) are primarily driving the
growth of the Aerial Imaging Market. Additionally, increasing advancements
in aerial imaging technology are driving the growth of the market.
Over the last few years, the adoption
of aerial imaging solutions forvarious industrial applications has increased
worldwide. Much of this increasing adoption growth rate can be attributed to
the land surveying industry. The land surveying industry has been employing
aerial imaging techniques to exploreterrains and landscapes with the aid of 3-D
models. Moreover, the energy industry is implementing aerial imaging solutions
to monitor and inspect large energy equipment to ensure their longevity and
safety. Additionally, many developed economiesutilize aerial imaging techniques
to minimize fatalities during natural disasters and explore areas that are
difficult and dangerous to enter. The LBS and RTLS market has also helped
the Aerial Imaging Market grow. These solutions help process large
chunks of geospatial data and understand the changing business trends through
real-time insights. Thus, the increasing adoption of aerial imaging solutions,
coupled with the growing need for location-based services and real-time
location systems, are expected to drive the growth of the Aerial Imaging
Market in the coming years during the forecast period.
Market USP
Capability to accomplish results with
reduced risk and efficient workflow
Segmental Analysis
By Platform Type
The UAVs/DronesSegment is Expected to
Grow at the Fastest Rate: The UAVs/drones
segment is expected to registerthe highest CAGR during the forecast period,
2021 to 2027. The growth can be attributed to the increasing adoption of
UAVs/drones for various industrial applications, including precision
agriculture, aerial remote sensing, surveying and mapping, and insurance claim
verification.The rise in military expenditureon the acquisition of advanced
UAVs/drones for surveillance and border monitoring is also likely to drive the
demand for UAVs/drones.
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The Fixed-Wing Aircrafts Segment
Expected to Generate Significant Revenues During the Forecast Period: The fixed-wing aircraft are used for applications
where there the weather conditions are unfavorable and operational efficiency
matters the most. Additionally, they have a longer flight time as compared to
other aerial imaging platforms. Since they can be operated optimally even at
high altitudes with much lesser turbulence than UAVs, they can be used for
manned aerial imaging missions without any hassle.
By Application
The Land Surveying Segment is Expected
to Witness a Considerable Growth in the Market: Land surveying using aerial imaging techniques
has great potential to offer for professionals. Aerial imaging techniques help
carry out the same quality of topographic surveys as those collected using
conventional methods. Additionally, aerial imaging-based surveying is
cost-effective and requires a significantly lesser number of specialists on the
ground.With the growing demand for aerial imaging techniques for land surveying,
the land surveying segment is expected to witness considerable growth in the
coming years during the forecast timeline.
The Energy EquipmentSegment Accounted
for a Significant Share in 2020:
Aerial imaging solutions play a significant role in the monitoring, inspection,
and maintenance of large energy equipment. In the present times, large energy
firms utilize aerial imaging solutions for monitoring thermal, hydroelectric,
wind, solar, and nuclear power assets and equipment more safely and effectively
as compared to the traditional methods.Additionally, more frequent inspection
and monitoring are possible with the aid of aerial imaging solutions. Owing to
these factors, the energy equipment segment accounted for a significant share
in the global Aerial Imaging Market in 2020 and is expected to
generate high revenue in the coming years.
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The Agriculture Segment is Expected to
Generate Significant RevenuesDuring the Forecast Period: The agriculture sector is slowly being
transformed through the adoption of aerial imaging solutions for a wide range
of applications, including field mapping, crop scouting, agricultural
photography, precision agriculture, and agriculture insurance inspection. At
present, a small fraction ofthe farming population or farm owners isemploying
these solutions for leveragingdata from aerial imaging platforms to create
orthomosaic maps of their fields and farms. Additionally, the newer and
advanced platforms come equipped with multi-spectral cameras, thereby allowing
end users to determine normalized difference vegetation index (NDVI) for
understanding important agricultural factors,including field performance and
crop health, in a much deeper way. Therefore, the increasing adoption of aerial
imaging systems and solutions in the agriculture industryis expected to
generate significant revenues in the coming years during the review period.
The Defense Segment Dominated the
Aerial Imaging Market in 2020: The
defense segment held the majority market share in 2020. The growing adoption of
UAVs/drones for identifying challenges pertaining to terrorism and locating
vulnerable areasprecisely. Drones enable the military to augment and bolster
their capabilities, thus enabling them to counter the growing challenges
related to national security and terrorism and subdue terror. Therefore, the
defense segment is forecasted to dominatetheglobal Aerial Imaging
Market during the review period.
Key Players Operating in the Global Aerial
Imaging Market:
Table Of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Aerial ImagingMarket,
ByPlatform Type
1.1.2. Global Aerial Imaging Market,
ByApplication
1.1.3. Global Aerial Imaging Market,
ByRegion
2. Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
4. Market Insights
5. Market Dynamics
5.1. Introduction
5.2. Drivers
5.2.1. Increasing Adoption Of Aerial
Imaging Technology Across Various Industries
5.2.2. Growing Location-Based Services
(LBS) And Real-Time Location Systems (RTLS)
5.2.3. Drivers Impact Analysis
5.3. Restraint
5.3.1. Stringent Government Regulations
5.4. Opportunities
5.4.1. Growing Adoption Of Aerial
Imaging Solutions In The Agriculture Sector
5.5. Market/Technological Trends
5.6. Patent Trends
5.7. Regulatory Landscape/Standards
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