The aerial imaging market is projected to exhibit a robust growth with a CAGR of around 13% between 2018 and 2024. The growth can be attributed to the factors such as increasing adoption of UAVs for aerial imaging applications, rising incidents of natural disasters, technological advancements in aerial camera systems, and increasing uptake of aerial imaging platforms in the military and defense sectors for surveillance and monitoring purposes. Also, the adoption of aerial imaging platforms in the government sector for applications such as environmental studies, homeland security, research initiatives, and urban planning is witnessing a steady uptake.
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The competition in the aerial imaging market is driven by technological innovations in drone technology as well as sensor technologies for facilitating the acquisition of high-level aerial images. Due to the aggressive expansion and product development initiatives undertaken by the UAV/drone manufacturers, the competition in the aerial imaging market is expected to intensify over the forecast timeline. Also, with the growing utility of aerial imaging in emerging applications, such as urban planning and disaster management, the demand for imaging services and platforms will increase considerably between 2018 and 2024
A slew of advancements in geospatial technology has been instrumental in adding impetus to aerial imaging market lately, to such as extent that government organizations to commercial businesses, have now found ways to utilize the technology to their own advantage. Hurricane Harvey is one of the most iconic examples that demonstrates the progress of aerial imaging industry. The prompt intervention of EagleView Technologies had then restored some relief to the hurricane affected victims, while simultaneously increasing the popularity of aerial imaging.
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As such implications clearly point out, disaster survey and management is expected to become one of the most lucrative growth avenues for the aerial imaging industry. In fact, aerial imaging market size from disaster management is expected to register a CAGR of 16% over 2018-2024. Most governments have regulations dictating the pilot of an aerial imaging vehicle to be in the visible range of the vehicle. But as climate change has increased the incidence of natural disasters, such restrictions are being slowly lifted.
Some Point from Table of Contents:
Chapter 5. Aerial Imaging Market, By Platform
5.1. Aerial imaging market key takeaways, by platform
5.2. Fixed-wing aircraft
5.2.1. Fixed-wing aircrafts market estimates and forecast, by region, 2013-2024
5.3.1. Helicopter market estimates and forecast, by region, 2013-2024
5.4.1. UAV/drone market estimates and forecast, by region, 2013-2024
5.5. Other platforms
5.5.1. Other platforms market estimates and forecast, by region, 2013-2024
Chapter 6. Aerial Imaging market, By Imaging Type
6.1. Aerial imaging market key takeaways, by imaging type
6.2. Vertical imaging
6.2.1. Vertical imaging market estimates and forecast, by region, 2013-2024
6.3. Oblique imaging
6.3.1. Oblique imaging market estimates and forecast, by region, 2013-2024
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Asia Pacific aerial imaging market is projected to register an accelerated growth at a CAGR of over 16% during the forecast period. With the emergence of low-cost alternatives for aerial imaging in the form of UAVs/drones, their adoption in the emerging economies in the region is expected to increase considerably over the coming five years. Also, with the presence of some of the leading global drone manufacturers in China, the market growth is likely to be supported by the strong sales and distribution network of these manufacturers in the Asia Pacific region.
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