#Aerial imaging drivers#

Developments of drones have facilitated clear imaging, supported by rising investments by the key players in the aerospace and defense industry. An extensive range of applications in the photogrammetric survey and for defense purposes augment the demand for aerial imaging in modern times. An image interpreter systematically examines the images and, frequently, other supporting materials such as maps and reports of filed observations. Given the frequent need for surveillance to prevent terrorist activities and border infringements, aerial imaging service providers are looking for solutions to provide quick and detailed information about an area.Īerial and space images contain a detailed record of features on the ground. The demand for Aerial Imaging will soar across the defense & intelligence industry, expected to register a CAGR of 13.1% until 2032.

The extensive application of drones in defense industries has created tremendous growth prospects. Opportunities abound in the Defense & Intelligence Sector In September 2022, China unveiled its next-generation, solar-powered large unmanned aerial vehicle (UAV) with very long endurance soon, which will have a larger wingspan than its predecessors that allows it to carry larger payloads for missions including reconnaissance, monitoring and communications relay in near-space. By 2026, a valuation of US$ 328.4 Million has been projected for China, with an expected CAGR of 13%.įurther, the rising awareness regarding the advantages of utilizing aerial imaging for urban planning, surveillance and monitoring, and disaster management, backed up by the increasing affordability of capturing aerial images are some factors that are expected to augment the market growth in the region. Within the Asia Pacific, countries like China, Japan, and India capture a majority share in revenue generation. On account of the implementation of innovative platforms such as drones and UAVs for gathering the required data from a high-resolution aerial image captured. In terms of growth, Asia Pacific is anticipated to exhibit the fastest growth during the forecast period. This is expected to hamper the growth of the aerial imaging market.Įstimated Value of Global Aerial Imaging Market by 2026ĭocumented Market Value of the Aerial Imaging Market in 2022Īpplication of Geospatial Technology to Spur Demand for Aerial Imaging in the Asia Pacific Though, many consumers, states, and regulators believe that sanctioned UAVs (Unmanned Aerial Vehicles) can be potentially detrimental. Recently, Amazon Prime Air, a drone delivery system was in talks for a future of package deliveries in 30 minutes or less.

While the wheels of the global economy stopped, the application of drones in the delivery of medicines to the needy opened a door to future growth prospects. Technological developments like advanced motion & temperature sensors in cameras, 3D mapping software, and unmanned aerial vehicles create robust growth prospectsĭuring the period ranging from 2020 to 2022 aerial imaging demand prospects escalated at a stellar rate, attributed to the rapid advancements in drone technology and its extensive use in several end industries.Stringent government regulations regarding security concerns, inaccuracy in image data collection, and rising cyber security concerns regarding drones hamper market growth.Rising demand in disaster management and installation of 5G services have amplified the use of aerial imaging at the global level.

#Aerial imaging drivers#

Extensive application in agriculture, forestry, and civil engineering to act as prominent growth drivers.

From 2022 to 2032, a CAGR of 13.3% is expected, reaching US$ 10.5 Billion by 2032. Global demand for aerial imaging is expected to rise at a yearly growth rate of 13.3% Y-o-Y to US$ 4.96 Billion in 2026. Aerial Imaging Market Overview (2022-2032)