Aerial Imagery Market Size, Share, Development by 2024
According to a new market report published by BlueWeave Consulting, The Global Aerial Imagery Market was valued at US$ 1,800 Mn in 2017 and is expected to expand at a CAGR of above 12% from 2018 to 2024, reaching US$ 4,169.1 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the aerial imagery market in 2017.
Increased usage of Drone-based technology driving the aerial imagery market across the globe
The market for Aerial Imagery is witnessing a comparable disruption as drone-based technology is reshaping the industry landscapes and is getting widely-adopted across sectors- from agriculture to defence intelligence. Increased usage of drone for urban planning, forestry and geology are anticipated to drive the demand for aerial imagery market. Drone is an unmanned aircraft which is equipped with different state of the art technology such as infrared and digital cameras that can be controlled by remote control system. Drones are not required to carry data links that add weight and complexity, and are thus, used by various government authorities to create maps instead of relying on central mapping authorities (manual mapping). Drones are gaining adoption in construction sites as they provide a full view of the infrastructure from different angles to make strategic decisions for mapping roads, parking, and open space. Large scale capital projects and infrastructure maintenance are getting benefitted from aerial imagery conducted through drones, which are also known as UAV. Images collected through drones not only perform hazardous work but also make it easy for businesses to acquire image sets with great precision and in a cost-effective manner.
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Scope of the Report
The global Aerial Imagery Market is segmented on the basis of product type, application type, and vertical type. On the basis of product type, the market is segmented into low oblique, vertical, and high oblique. The sale of low oblique aerial imagery contributed the largest revenue to the global aerial imagery market in 2017 and is estimated to witness the highest growth during 2018-2024. On the basis of application, the market is segmented into surveillance & monitoring, geospatial, energy & resource management, conservation & research, media & entertainment, disaster management, and construction & development. The demand for aerial imagery for use in energy & resource management applications is expected to grow at the fastest rate, during the forecast period. However, with aerial imagery being predominantly used in various surveillance and monitoring purposes, this application segment is expected to continue generating the highest revenue in the global market, during the forecast period. Based on Vertical, the market is segmented into government, energy & mining, defense, agriculture & forestry, media & entertainment, civil engineering & archaeology, and others. Government industry led to the use of aerial imagery and generated the highest revenue for the global market among all end-user industries, in 2017.
On the basis of region, the market is segmented into five parts namely North America, Europe, Asia Pacific, Middle-East, Africa and Latin America. North America was the largest region in the global aerial imagery market in 2017 and it is estimated to grow over a CAGR of 18.1% during 2018-2024.
Competitive Dynamics
Some of the global strategic developments during the research, depict the global aerial imagery market is moving towards consolidation. The leading players are focusing especially on technological improvements, and integrated and joint innovation practices to build an entire new ecosystem for aerial imagery. This would further strengthen their position and market presence, globally. Some of the major companies operating in this industry include Eagle View Technologies, Fugro N.V., Digital Aerial Solutions LLC, Google Inc., Kuncera International Inc., Blom ASA, Getmapping PLC, and Nearmap Ltd.
Market Segmentation: Global Aerial Imagery Market
By Product
• Low oblique
• Vertical
• High oblique
By Application
• Surveillance & monitoring
• Geospatial
• Energy & Resource management
• Conservation & Research
• Media & Entertainment
• Disaster Management
• Construction & Development.
By Vertical
• Government
• Energy & Mining
• Defense
• Agriculture & forestry
• Media & Entertainment
• Civil Engineering & archaeology
• Others
In addition, the report provides analysis of the aerial imagery market with respect to the following geographic segments:
• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa
• Latin America
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