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The Global Aerial Imaging Market Growth Accelerated By Increased Adoption Across Multiple Industries

Dhanesha Patil
The Global Aerial Imaging Market Growth Accelerated By Increased Adoption Across Multiple Industries

Aerial imaging or aerial photography refers to capturing photographs from an aircraft or other flying object. Aerial imaging has applications across various industries including agriculture, construction, energy and utility, government, mining, real estate and others. It is used for monitoring purposes, mapping, surveillance, reconnaissance and other applications. The increasing adoption of drones in multiple industries has accelerated the growth of the aerial imaging market.

The global aerial imaging market is estimated to be valued at US$ 3439.29 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increased adoption of aerial imaging across various industries has been a key trend driving market growth over the forecast period. Aerial imaging solutions provide cost effective and accurate images as compared to traditional methods of aerial surveillance. The increasing usage of drones fitted with specialized cameras for tasks like infrastructure inspection, survey of agricultural lands, monitoring of industrial sites and other has fueled the adoption of aerial imaging. Integration of technologies like artificial intelligence, analytics is further enhancing the application scope of aerial photography. Industries are increasingly leveraging aerial images captured through drones for various decision making purposes like yield estimation, infrastructure planning, disaster management and more. This widening scope of applications has accelerated the market growth over the recent years.

Segment Analysis

The Global Aerial Imaging Market Analysis is dominated by the imagery segment which accounts for over 60% of the overall market share. Imagery refers to photographs or images captured through aerial cameras installed on aircraft, drones, helicopters or other platforms. They find widespread application across various verticals such as insurance, engineering & infrastructure, agriculture, media & entertainment etc for asset inspection, monitoring of crops, disaster management and content creation. With technological enhancements, the quality and resolution of aerial images have improved dramatically over the years allowing users to derive deeper insights.

Key Takeaways

The global aerial imaging market is expected to witness high growth over the forecast period. Rising adoption across multiple industries, development of smart cities as well as government initiatives promoting the technology are driving the market expansion. The global aerial imaging market is estimated to be valued at US$ 3439.29 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030.

Regional analysis:

North America currently holds the leading share in the aerial imaging space owing to large-scale deployments by commercial users and government agencies across the US and Canada. However, Asia Pacific is emerging as the fastest growing regional market propelled by growth in countries like India, China and Japan. Increasing investments towards infrastructure development as well as agricultural modernization are fueling the adoption of aerial imaging platforms in these nations.

Key players:

Key players operating in the aerial imaging market are GeoWox, Digital Aerial Solutions, Cooper Aerial Surveys, Kucera International, Dutch Geo Consulting, Fugro, Landiscor Real Estate Mapping, EagleView Technology, Nearmap, and Blom ASAS. Leading vendors are focusing on capacity expansion, new product launches and partnerships to strengthen their market presence. GeoWox, for instance, recently raised $15 million in funding to support global expansion plans.

Get more insights on this topic: https://www.trendingwebwire.com/aerial-imaging-market-size-and-share-analysis-growth-trends-and-forecasts/

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Dhanesha Patil
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