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Global Aerial Imagery Market Size, Share, Demand, Key Players and Growth Forecast to 2027

The global aerial imagery market is anticipated to grow at a 14.8% CAGR during 2021-2027 and is expected to reach USD 6.2 billion by 2027. Factors attributing to the growth of the global aerial imagery market include rising prominence of drone technology, rising development of UAVs for aerial imagery, increased adoption in defense applications, mounting consistency for the development of aerial camera systems, and increased venture capital investment in drone technology will accelerate the growth of the market. Furthermore, it is widely adopted in several applications such as energy source management, disaster management, surveillance, and monitoring systems. Some of the technologies that are used in aerial imaging include LiDAR systems, GIS, 360 vision cameras, etc.

The COVID-19 outbreak had an adverse impact on the aerial imagery industry as there was a slow down in new product deliveries owing to disruption in the supply chain. Furthermore, there was less allocation towards R&D activities, less demand for new drones, and UAVs during the COVID19 crisis. However, the market is anticipated to bounce back in the global aerial imagery market as it can be used in various industry verticals.

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Based on end-user, the global aerial imagery market is segmented into government, civil engineering and archaeology, defense, energy and mining, media and entertainment, agriculture and forestry, and others. The government and forestry and agriculture contribute to the significant share in the market. The benefits provided to agriculture include proper drainage planning and farmland management. In the future years, the market will benefit from expanding demand for resource and energy management, as well as increased building and development activities.

North America contributes to the largest share in the global aerial imagery market because of the presence of large providers in the region. In addition, the increased application of aerial imagery in several end-use industry verticals will propel growth in the region. Furthermore, the use of novel platforms such as drones and unmanned aerial vehicles (UAVs) to collect the essential data from a high-resolution aerial image is expected to boost market adoption in the region.

In October 2021, by taking aerial photographs of the whole Garden State, leading aerial photography business Nearmap revealed its next steps in developing cooperation with the state of New Jersey to help streamline decision-making in isolated locations. Nearmap formerly only flew a portion of the state, excluding woods and wetlands, but will now fly the areas of the state that government agencies require to make informed judgments about environmental preservation and other government planning.

 High Eye Aerial Imaging Inc., Fugro N.V., Digital Aerial Solutions LLC, EagleView Technologies, Inc., Getmapping PLC, NRC Group ASA, Google Inc., Kucera International Inc., Blom ASA, and Nearmap Ltd. are some of the major competitors in the worldwide aerial imagery market.

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