Rising Incidences of Natural Disasters Escalating the Global Market Growth of Aerial Imagery Market


Global aerial imagery market is projected to reach $3,545 million by 2023, with 13.4% CAGR during 2017-2023.

The aerial imagery market is expected to witness high growth due to its ability to provide instantaneous view, primarily required for town planning or construction of any water or thermal based project. Improved vantage point, to provide magnified view of large areas from distant angles to see the features of the earth’s surface clearly in their actual context, is also a prime driver for its increased demand.

The aerial imagery market has been gaining traction due to its increased adoption in multiple application areas, such as surveillance and monitoring, geospatial, energy and resource management, conservation and research, exhibition and live entertainment, disaster management, and construction and development. This technology provides time freezing ability, by recording every instance of the earth’s surfaces to provide advanced imaging solutions, which is in high demand from various industries.


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Insights on market segments

As per the findings of the research, high oblique category will show highest growth during the forecast period. However, the vertical category in the aerial imagery market is expected to have largest market size in 2023. Among all techniques, the sales of low oblique contributed the largest revenue to the global market till 2016, however, vertical type is expected to become the largest market by 2023. Among the various applications, surveillance and monitoring is expected to contribute the largest revenue during the forecast period. The fastest growth in the demand of aerial imagery will be witnessed from the defense industry; however, the government is expected to hold the largest market during the forecast period.

Geographically, the aerial imagery market is projected to witness similar growth in North America and Asia-Pacific, during the forecast period. The growth in the North American market will be led by increasing usage of this technology for mapping sky rise buildings, dams, and oils & gas plants in the region. The upsurge in urbanization, along with purposed investment in smart cities in the region, is also expected to boost the growth of the North American aerial imagery market in the coming years.

Market Breakdown by Type

Low Oblique
Vertical
High Oblique

Market Breakdown by Application

 Surveillance and Monitoring
Geospatial
Energy and Resource Management
Conservation and Research
Exhibition and Live Entertainment
Disaster Management
Construction and Development

Market Breakdown by Industry

 Government
Energy and Mining
Defense
Agriculture and Forestry
Media and Entertainment
Civil Engineering and Archaeology
Others (includes insurance and tourism)

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The global aerial imagery market is moving towards consolidation as the market is witnessing acquisitions and partnerships among key players. The leading players such as EagleView Technologies Inc., Fugro N.V., Digital Aerial Solutions LLC, Google Inc., and Getmapping PLC, are focusing 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.

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