Aerial Imaging Market Size Worth USD 4,125.2 Million by 2025 | At a CAGR of 14.2%
Fortune Business Insights
5 min read
Fortune Business Insights
According to Fortune Business Insights, the global Aerial Imaging Market size is projected to reach US$ 4,125.2 Million by 2025, at CAGR of 14.2% during forecast period 2018-2025
Pune, India, Jan. 30, 2023 (GLOBE NEWSWIRE) -- The global aerial imaging market size stood at US$ 1,439.3 Mn in 2018 is projected to reach US$ 4,125.2 Mn by the end of 2025, exhibiting a CAGR of 14.2% during the forecast period from 2018 - 2025. According to a report published by Fortune Business Insights, “Aerial Imaging Market Size, Share and Industry Analysis by Camera Orientation (Oblique, Vertical), Platform (Fixed-Wing Aircraft, Helicopter, UAV/Drones), End-Use Industry (Government, Energy Sector, Defence, Forestry and Agriculture, Real Estate, Civil Engineering, Insurance) And Regional Forecast, 2018-2025”
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List of companies profiled in the report:
Airobotics
NRC Group ASA
DroneDeploy
Fugro N.V.
3D Robotics
Digital Aerial Solutions LLC
EagleView Technologies, Inc
Nearmap Ltd.
Cooper Aerial Surveys Co.
GeoVantage Inc.
Landiscor Real Estate Mapping
Kucera International Inc.
Report Scope and Segmentation-
Report Coverage
Details
Forecast Period
2018 to 2025
Forecast Period 2025 CAGR
14.2%
2025 Value Projection
USD 4125.2 Million
Base Year
2017
Market Size in 2018
USD 1439.3 Million
Historical Data for
2014 to 2016
No. of Pages
140
Segments covered
By Camera Orientation, By Platform, By End Use Industry
Browse Detailed Summary of Research Report with TOC:
“Forestry and Agriculture Sector to Dominate Market”
Among end users in the market, the report forecasts the government and real estate and the forestry and agriculture sectors to exhibit a higher demand for aerial imaging during the forecast period. Besides this, the rising need for resource and energy management and increasing construction and development activities will create lucrative growth opportunities for the market in the coming years.
Similarly, on the basis of camera orientation, the oblique imaging segment is likely to witness higher demand as compared to its vertical orientation counterpart. This is because using aerial pictures can help to reduce the cost of inventorying, mapping, and planning. Such factors may bode well for the aerial imaging market in the long run.
Aerial photography and videography can be used for archaeological researches as well, which helps researchers to explore ancient landscapes and historical sites. This is likely to be among the primary factors propelling the growth of the market. This, coupled with the increasing adoption of PAMS or Personal Aerial Mapping Systems will create better growth opportunities for aerial imaging in the market.
Real Estate Businesses to Exhibit Higher Demand for Aerial Imaging
Aerial photography is both cost-efficient and has creative applications. This as per Fortune Business Insights is fueling the uptake of aerial imaging in for property advertising as well. Property dealers can use aerial photographs to strike a good deal for their properties. Spurred by this, the market will also gain momentum in the coming years.
Geographically, the market for aerial photography is dominated by North America on account of the increasing implementation of innovative technologies such as drones and UAVs. For instance, aerial images have high resolution and better clarity, which are fueling their demand across diverse industries. Moreover, an increase in awareness about the advantages of using aerial images for urban planning, monitoring, and surveillance is prognosticated to create better growth opportunities for the global market. Besides this, Asia Pacific is expected to show faster growth during the forecast period. The demand for capturing clear aerial images in emergency cases such as disaster management will also help to augment the market in the Asia Pacific.
Regional Analysis:
The global aerial imaging market growth is led by North America mainly due to the rising implementation of aerial imaging in the agriculture and forestry industry for improved decision making. The global market in North America generated a revenue of US$ 683.7 Mn in 2017 and is expected to dominate the market throughout the forecast period. In terms of growth rate, the global market in the Asia Pacific is predicted to exhibit the fastest growth rate during the forecast period.
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