Aerial Imaging Market Size 2024

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Aerial Imaging Market Share, Size, Analysis, Growth, Trends and
Forecasts to 2024 | Hexa Research
" The global Aerial Imaging Market is projected to
reach USD 3.3 billion by 2024. It will grow at an
estimated 13.5% CAGR over the forecast phase (20162024)."
The global Aerial Imaging Market is projected to reach USD 3.3 billion by 2024. Aerial imaging involves
capturing images of the ground using unmanned aerial vehicles (UAVs), helicopters, dirigibles, blimps, kites, and
parachutes. It provides useful information for volume calculation map renovations, planning, and route design.
Factors driving the market are popularity of aerial images and the need for geospatial information in various
fields. It derives much of its demand from forestry & agriculture and other commercial sectors. Advances in
technology such as LiDAR (Light Detection and Ranging), IMU (Inertial Measurement Unit) and airborne GPS
(global positioning system) can boost market growth during the forecast period (2016 -2024). Camera
technologies such as Microsoft’s Hawk & Eagle and Vexcel Imaging’s UltraCam Osprey can fuel industry
demand. But security concerns and operational issues can impede growth.
The worldwide Aerial Imaging Market is segmented according to applications and regions. Insurance,
government, military & defense, agricultural & forestry, GIS (geographical information system), civil
engineering, commercial, and energy are the key application areas. Military & defense will exceed USD 250
million by 2024. UAVs and Personal Aerial Mapping System (PAMS) are used by the military for reconnaissance
missions. These systems are also employed in ground-based commercial applications. PAMS provide detailed
photographs of surfaces at affordable costs.
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UAVs can be deployed even in highly dangerous military operations, since these can execute accurate and
repetitive commands in unfavorable settings. Farmers use UAVs to monitor their fields and crops. The insurance
sector uses it to survey damages after floods or hurricanes and thus settle claims. Energy companies use aerial
imagery to inspect transmission lines, gather data from solar & wind power plants, and provide additional
security to these plants.
Government applications are estimated to cross over USD 950 million by 2024. The government sector uses
drones for urban planning, energy management, environmental planning, and homeland security. Commercial
applications could generate maximum revenue during the forecast period. These include advertising and
promotional activities. Aerial photography provides land cover maps, soil maps, and vegetation maps with the
help of spatial data. Combining this technology with GIS can aid in urban planning.
Regions include Europe, North America, Latin America (LATAM), Asia Pacific (APAC), and Middle East & Africa
(MEA). APAC is expected to garner over USD 500 million by 2024. The growth can be attributed to the presence
of semiconductor industries in the region. Consumer needs and rapid technological developments will fuel
demand. North America will lead the global Aerial Imaging Market over the forecast period. This owes to the
growth of the telecommunications industry. Europe will experience modest growth in the aforementioned
period.
Prominent players in the global Aerial Imaging Market are Kucera International Inc., EagleView Technologies,
AeroMetric Inc., and Google Inc. Some of these companies market their own software & equipment, while
others lease them or operate within the industry by collaborating with software providers. For instance,
EagleView Technologies offers real estate, energy & utilities, construction, real estate, and safety & federal
applications. New market entrants can act as data partners to existing companies or act as separate imaging
companies. Participants undertake initiatives to develop current technologies to gain a competitive edge in the
market.
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Table of Content of Aerial Imaging Market
1. Methodology & Scope
1.1 Research Methodology
1.1 Initial Data Exploration
1.2 Statistical Modeling and Forecast
1.3 Industry Insights and Validation
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2. Executive Summary
2.1 Industry Summary of Aerial Imaging Market
3. Industry Outlook
3.1 Aerial Imaging Market Segmentation
3.2 Aerial Imaging Market Size and Growth Prospects
3.3 Aerial Imaging Market Dynamics
3.4 Key Opportunities Prioritized
3.5 Industry Analysis - Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 Aerial Imaging Market share by application, 2016 & 2024
5. Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa)
5.6 RoW (Rest of the World)
6. Competitive Landscape
6.1 Kucera International Inc.
6.1.1 Company Overview
6.1.2 Revenue Analysis
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 DJI Co.Ltd.
6.2.1 Company Overview
6.2.2 Revenue Analysis
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 EagleView Technologies
6.3.1 Company Overview
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6.3.2 Revenue Analysis
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 AeroMetric Inc.
6.4.1 Company Overview
6.4.2 Revenue Analysis
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 Google Inc.
6.5.1 Company Overview
6.5.2 Revenue Analysis
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
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The global aerial imaging market is projected to reach USD 3.3 billion by 2024. It will grow at an estimated 13.5% CAGR over the forecast phase (2016-2024).