Usage of Unmanned Aerial Vehicle across Various Sectors to Propel Global Aerial Imaging Market Business

Usage of Unmanned Aerial Vehicle across Various Sectors to Propel Global Aerial Imaging Market

BY Adam Walker • July 19, 2016
Adam Walker

Adam Walker

Technology & Media Market Research
  • 251 Articles
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  • Joined April 25, 2016

Aerial imaging is the process of taking images of the ground from an elevated position, generally from a camera not supported by a ground-based structure. Some of the commonly used platforms for aerial imaging include helicopters, fixed-wing aircraft, multi-rotor unmanned aircraft systems (UAS), dirigibles and blimps, balloons, rockets, parachutes, kites, vehicle-mounted poles, and stand-alone telescoping. Aerial imagery or photography provides effective solutions that combine cost-effectiveness and high precision for planning purposes, volume calculations, route design, or merely to renew existing mapping. The global Aerial Imaging market was valued at US$ 1,077.7 Mn in 2014 and is forecast to grow at a CAGR of 13.5% from 2015 to 2023 reaching a value of US$ 3,341.7 Mn in 2023.

The growing footprint of aerial imaging solutions across various applications such as cartography, defense and security, construction and development, and intelligence surveillance, among others is one of the important factors bolstering the growth of the aerial imaging market. Furthermore, the growing popularity of location-based services and various technological developments in the field of advanced aerial camera systems and platforms is expected to propel market demand throughout the forecast period. Various operational limitations and privacy and national security concerns are the most prominent factors that are currently inhibiting market growth worldwide. The key market players profiled in this report include Major aerial imaging providers profiled in the report include NRC Group ASA (Previously BLOM ASA), Cicade s.a, Digital Aerial Solutions, LLC, Cooper Aerial Surveys Co., Fugro N.V., Landiscor Aerial Information, EagleView Technologies, Inc., and nearmap ltd.

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The global aerial imaging market has been segmented on the basis of end-use industry, applications, and geography. On the basis of end-use industry, the market is segmented into government, commercial enterprises, civil engineering industry, military, forestry and agriculture, energy sectors and insurance, among others. Commercial enterprises, government, forestry and agriculture, and civil engineering industry, among others are predicted to be the foremost adopters of aerial imaging solutions in the future.

Based on various aerial imaging applications, the market is classified into energy, geospatial technology, natural resources management, construction and development, disaster response management, defense and intelligence, conservation and research, and media and entertainment. The defense & security sector has always been a prime consumer of aerial imagery and geospatial data. The use of aerial imagery in this sector is now growing due to increased awareness and availability of high-resolution aerial imagery from numerous suppliers. Construction & development, geospatial technology, and natural resource management are emerging as promising applications for the aerial imaging industry.

North America led the Aerial Imaging market in 2014, holding approximately 42% of the global market revenue share and is expected to remain dominant throughout the forecast period from 2015 to 2023. The primary driver for the aerial imaging market in North America is the increasing use of aerial imaging solutions in the agriculture and forestry area. Europe and Asia Pacific is anticipated to hold a promising growth for aerial imaging market in the coming future. This is attributed to the growing use of aerial imaging solutions for archaeological purposes in Europe and growing number of earthquake incidents in Asia Pacific. 




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