Aerial Imaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Aerial Imaging Market Analysis & Growth and It is Segmented by Platform Type (Fixed-Wing Aircraft, Helicopters, UAVs/Drones), Application (Geospatial Mapping, Infrastructure Planning, Asset Inventory Management, Environmental Monitoring, National and Urban Mapping, Surveillance and Monitoring, Disaster Management), End-User Industry (Construction, Aerospace and Defense, Government, Oil and Gas, Energy and Power, Agriculture), by Geography (North America, Europe, Asia Pacific, Rest of the World). The Market Size and Forecasts are Provided in Terms of Value in USD for all the Segments.

Aerial Imaging Market Size

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Aerial Imaging Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 2.9 Billion
Market Size (2029) USD 6.36 Billion
CAGR (2024 - 2029) 16.98 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Aerial Imaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Aerial Imaging Market Analysis

The Aerial Imaging Market size is estimated at USD 2.9 billion in 2024, and is expected to reach USD 6.36 billion by 2029, growing at a CAGR of 16.98% during the forecast period (2024-2029).

Aerial imaging and its evolution into video imagery have been captured using various small aerial platforms for over three decades. Small-scale platforms, such as radio-controlled model aircraft, helicopters that use small 35 mm SLR, and light-weighted video cameras have been used to acquire color, panchromatic, color infrared (CIR), and multispectral aerial photography for a wide range of applications.

  • The market has been augmented by the technology development of ready-to-fly (RTF) devices, soft-copy photogrammetry software, low-cost digital cameras, image processing, GPS, thermal, multispectral, hyperspectral, and LiDAR sensors. UAVs have become a sophisticated means of acquiring high-resolution photographic and 4K video datasets for small-area coverage studies.
  • Aerial imaging uses GPS, which aids in the precise location. For instance, farmers use GPS targeting to monitor the health of the crops, identify problem areas and spray fertilizer. Energy and power site management benefits from the precision of aerial imaging, as it gets repaired from weather damages and can be targeted more accurately.
  • The COVID-19 pandemic has led to increased demand for aerial imagery, including studying the economic impact of the virus and conducting remote monitoring of infrastructure and facilities. The demand increased from various industries, including government, energy, power, oil, and gas. Also, the imagery monitored supply chain situations during the pandemic's peak.
  • Although the trend of drone surveying is already becoming mainstream, the COVID-19 pandemic tipped the scale in its favor substantially. UAVs have become a go-to technology during the COVID-19 pandemic because they can accomplish tasks without contact. They have played a crucial role in surveying and mapping areas where hospitals and COVID-19 test centers can be built and monitoring such sites. Police departments also use maps that are being created using aerial imagery. The department uses it for the movement of essential items, placing physical distancing markers, workforce allocation, deciding where to set up isolation centers, marking nearby hospitals and police stations from hotspots, and the shortest routes for easy movement in case of an emergency.

Aerial Imaging Market Trends

Government to be the Largest End-User for Aerial Imaging

  • Aerial imaging has become vital for various municipal, state, and federal government planning applications. Aerial photography became an integral aspect of the mapmaking process. Aerial images reflect a location's physical and cultural environment at a particular moment. When properly understood, these aerial photographs give geographers, historians, ecologists, geologists, urban planners, archaeologists, and other experts a graphical foundation that is frequently important to their research. Lawyers increasingly use aerial photography to decide matters involving property disputes, riparian rights, and transportation rights-of-way. Recently, genealogists have employed aerial photography to discover and find ancestral locations.
  • Government drone use is quickly rising regarding the number of departments with drone projects and applications. Ambitious government organizations and departments are experimenting with new job areas, from transportation and public works to planning and environmental services.
  • The US government has experimented with new weaponry that may be deployed on the battlefield. Gaining an edge on the battlefield is crucial to a war's survival and success. Uncrewed aerial vehicles (UAVs) have been the most significant invention in military conflict in recent decades, if not the preceding century.
  • For example, the United States Geological Survey's Upper Midwest Environmental Sciences Center has recently partnered with the Bureau of Ocean Energy Management and the US Fish and Wildlife Service. The Vision Group at the International Computer Science Institute at the University of California, Berkeley, will create deep learning algorithms and tools for the automatic identification, enumeration, categorization, and annotation of sea ducks and other marine creatures from digital aerial imagery.
  • Most individuals utilize aerial images, whether they realize it or not. Aerial imagery may help individuals and organizations of all sizes and sectors save time and money, from basic applications like Google Images or Google Earth to complicated applications like police agencies using it to reduce crime.
  • Airborne waterfowl population surveys can influence harvest and other regulatory decisions, environmental evaluations, and impact estimates of prospective wildlife exposure to offshore energy development projects in the United States. High-resolution digital images collected during aircraft surveys of the Atlantic Outer Continental Shelf and the Great Lakes will provide data for algorithm development and baseline information on animal distributions and abundance.
  • Aerial pictures can help governments, professional response and recovery organizations, communities, and people anticipate, respond to, and recover from the consequences of expected imminent or real hazard occurrences or circumstances. The increasing aerial photography usage in many government sectors has increased the demand for aerial pictures worldwide.
Aerial Imaging Market: Unmanned Aircraft Systems (UAS) or Drones Registered in the United States, in Thousands, by Category, 2022

North America to Hold Significant Market Share

  • North America is one of the major investors and adopters of the studied market due to the high level of research done by the regional companies and the increasing adoption of the technologies among the regional end-user industries.
  • Aerial imaging extracts information on land cover, vegetation, soil, and geology maps using spatial data captured from orthographic images. Aerial imaging is also used in government-based applications such as inland & property information, archaeology, environment studies, disaster & emergency response management, etc. Aerial imaging is then used in developing plans, maps, & forecasts that are crucial for accurately presenting the Earth's surface. Also, aerial imaging is gaining prominence among engineers, planners, and developers in land mapping and development.
  • Market expansion is the primary factor driving the increased adoption of aerial imaging platforms in disaster management, military, forestry, and urban planning applications. The use of Aerial imaging and mapping platforms is growing among urban planners in road planning and real estate management and is used in land use calculations. The region exhibits a strong uptake of aerial imaging platforms due to major aerial imaging solution providers focusing on new product developments powered by AI and machine learning technologies.
  • In addition, agriculture in North America has become chiefly industrialized and reliant on an integrated system of supporting agribusinesses; however, original traditions are still practiced in Mexico. Most farmers and ranchers in the United States and Canada rely primarily on technology. Technology companies have been working to provide insights to farmers through multiple data sources, including sensors, in-field cameras, aerial imagery gathered by drones and airplanes, and satellite imagery data. These imagery data sources require powerful computing resources, massive data storage capabilities, and time to generate insights.
  • Moreover, the demand for aerial imaging in the region's construction activity is increasing continuously. For example, with drone technology, field engineers can track job progress and monitor these inconsistencies more efficiently. According to the research, 48% of all rework on U.S. construction sites is done by hand, and both of these issues can be mitigated with drone technology.
  • Additionally, increasing government spending on the construction industry; for instance, in December 2021, with the passing of President Biden's historic infrastructure bill, the construction industry braced for a substantial boost in investment. Contractors and surveyors are expected to be in great demand to oversee various civil construction projects around the country, with USD 110 billion set aside for roads, bridges, and other significant infrastructure projects. Factors such as the growing use of technologies and the number of government construction projects that have boosted the demand for the benefits of technologies for the inspection, monitoring, and surveillance of the site area are critical reasons for the market's growth.
Aerial Imaging Market - Growth Rate by Region

Aerial Imaging Industry Overview

The market penetration of aerial imaging technology is moderate, with many industries exploring the potential. This allows companies to attract new markets, therefore driving the competition. This industry's marketing and advertising level is also growing, while the firm concentration ratio is moderate and growing. Some of the major players in the market are Terra Flight Aerial Imaging Inc., Fugro Ltd, Nearmap Ltd., Eagle View Technologies Inc., Digital Aerial Solutions LLC,

  • February 2023 - Ondas announced the creation of Ondas Autonomous Systems to oversee the integrated drone operations of fully owned subsidiaries American Robotics and Airobotics. In the rail, energy, mining, agricultural, public safety, critical infrastructure, and government markets, Ondas Networks and Ondas Autonomous Systems provide users with increased connection, data gathering capabilities, and data collection and information processing capabilities.

Aerial Imaging Market Leaders

  1. Terra Flight Aerial Imaging Inc.

  2. Fugro Ltd

  3. Nearmap Ltd

  4. Eagle View Technologies Inc.

  5. Digital Aerial Solutions LLC

*Disclaimer: Major Players sorted in no particular order

Aerial Imaging Market Concentration
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Aerial Imaging Market News

  • May 2023: A novel plug-and-play solution that combines aerial photography with flexible operations to satisfy various surveying and inspection demands was launched by Inspired Flight Technologies and Phase One. Phase One is a major global developer and manufacturer of medium and large-format aerial photography systems. At the same time, Inspired Flight Technologies is a leading commercial small uncrewed aerial systems (UAS) company.
  • March 2023: According to the Aviation & Defence Universe News, UP42, a geospatial developer platform and marketplace, significantly expanded its aerial imagery and elevation data portfolio through a partnership with Vexcel, a 30-year industry leader in the photogrammetric and remote sensing space. Vexcel's aerial data collection initiative is significant worldwide, capturing ultra-high-resolution imagery (at 7.5 to 15 cm resolution) and geospatial data in more than 30 countries.

Aerial Imaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Assessment of Impact of COVID-19 on the Industry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Rise of Location-based Services

      2. 5.1.2 Increasing Demand from Diversified Applications

    2. 5.2 Market Restraints

      1. 5.2.1 Security and Privacy Issues

      2. 5.2.2 Stringent Government Regulations

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Platform Type

      1. 6.1.1 Fixed-wing Aircraft

      2. 6.1.2 Helicopters

      3. 6.1.3 UAVs/Drones

      4. 6.1.4 Other Platform Types

    2. 6.2 By Application

      1. 6.2.1 Geospatial Mapping

      2. 6.2.2 Infrastructure Planning

      3. 6.2.3 Asset Inventory Management

      4. 6.2.4 Environmental Monitoring

      5. 6.2.5 National and Urban Mapping

      6. 6.2.6 Surveillance and Monitoring

      7. 6.2.7 Disaster Management

      8. 6.2.8 Other Applications

    3. 6.3 By End-user Industry

      1. 6.3.1 Construction

      2. 6.3.2 Aerospace and Defense

      3. 6.3.3 Government

      4. 6.3.4 Oil and Gas

      5. 6.3.5 Energy and Power

      6. 6.3.6 Agriculture

      7. 6.3.7 Other End-user Industries

    4. 6.4 By Geography

      1. 6.4.1 North America

      2. 6.4.2 Europe

      3. 6.4.3 Asia-Pacific

      4. 6.4.4 Rest of the World

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Terra Flight Aerial Imaging Inc.

      2. 7.1.2 Fugro Ltd

      3. 7.1.3 Nearmap Ltd

      4. 7.1.4 Eagle View Technologies Inc.

      5. 7.1.5 Digital Aerial Solutions LLC

      6. 7.1.6 Dronegenuity

      7. 7.1.7 Cooper Aerial Surveys Co.

      8. 7.1.8 Landiscor Real Estate Mapping

      9. 7.1.9 Kucera International Inc.

      10. 7.1.10 GeoVantage Inc. (Aeroptic LLC)

      11. 7.1.11 Global UAV Technologies Ltd (High Eye Aerial Imaging Inc.)

      12. 7.1.12 Eagle Aerial Solutions

      13. 7.1.13 Aerobotics, (Pty) Ltd

      14. 7.1.14 Airobotics GmbH (ONDAS Holdings)

      15. 7.1.15 SkyIMD Inc.

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

**Subject to Availability
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Aerial Imaging Industry Segmentation

Aerial imaging is a kind of photograph mostly used for geospatial mapping, media and entertainment, environmental studies, and other areas. Aerial imaging is taking pictures of a flying object or an aircraft. The various platforms for aerial imaging include helicopters, UAVs/drones, balloons, blimps, rockets, kites, parachutes, airships, or any flying aircraft. The study tracks the revenue accrued from the different applications type used across industries, such as government, aerospace, construction, and agriculture, among others worldwide. Additionally, the revenue accrued from the global aerial imaging vendors and the COVID-19 impact on market projection has been considered.

The aerial imaging market is segmented by platform type (fixed-wing aircraft, helicopters, uavs/drones), application (geospatial mapping, infrastructure planning, asset inventory management, environmental monitoring, national and urban mapping, surveillance and monitoring, disaster management), end-user industry (construction, aerospace and defense, government, oil and gas, energy and power, agriculture), by geography (North America, Europe, Asia-Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value (USD)for all the segments.

By Platform Type
Fixed-wing Aircraft
Helicopters
UAVs/Drones
Other Platform Types
By Application
Geospatial Mapping
Infrastructure Planning
Asset Inventory Management
Environmental Monitoring
National and Urban Mapping
Surveillance and Monitoring
Disaster Management
Other Applications
By End-user Industry
Construction
Aerospace and Defense
Government
Oil and Gas
Energy and Power
Agriculture
Other End-user Industries
By Geography
North America
Europe
Asia-Pacific
Rest of the World
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Aerial Imaging Market Research FAQs

The Aerial Imaging Market size is expected to reach USD 2.9 billion in 2024 and grow at a CAGR of 16.98% to reach USD 6.36 billion by 2029.

In 2024, the Aerial Imaging Market size is expected to reach USD 2.9 billion.

Terra Flight Aerial Imaging Inc., Fugro Ltd, Nearmap Ltd, Eagle View Technologies Inc. and Digital Aerial Solutions LLC are the major companies operating in the Aerial Imaging Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Aerial Imaging Market.

In 2023, the Aerial Imaging Market size was estimated at USD 2.41 billion. The report covers the Aerial Imaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aerial Imaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Aerial Imaging Industry Report

Statistics for the 2024 Aerial Imaging market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Aerial Imaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Aerial Imaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)