Aerial Imaging Market Size, Growth Drivers, and Forecast to 2032

According to Fortune Business Insights, the global aerial imaging market size was valued at USD 2,866.9 million in 2023. The market is anticipated to grow from USD 3,153.6 million in 2024 to USD 5,478.1 million by 2032, exhibiting a CAGR of 7.15% over the forecast period. North America dominated the Aerial Imaging Market with a market share of 34.17% in 2023. This information is provided in its report titled, “Aerial Imaging Market, 2024–2032.”

List of Key Players Covered in the Report

• Nearmap Inc. (U.S.)

• EagleView Technologies Inc. (U.S.)

• Cooper Aerial Surveys Co (U.S.)

• Vexcel Imaging Inc. (U.S.)

• Fugro N.V (Netherlands)

• AgEagle Aerial Systems Inc. (U.S.)

• Dronegenuity Inc. (U.S.)

• Ceres Imaging Inc (U.S.)

• Geovantage Inc (U.S.)

• Dronedeploy Inc. (U.S.)

Source:

https://www.fortunebusinessinsights.com/industry-reports/aerial-imaging-market-100069

Segmentation

Vertical Aerial Imaging Segment Held the Highest Share in 2021 Due to Growth in Various Mapping Related Applications

Based on the camera orientation, the market is classified into vertical and oblique

In terms of camera orientation, the global market is categorized into oblique and vertical.

The oblique segment held a higher market share and is projected to grow with the highest growth rate during the forecast period.

Low Oblique Segment Will Showcase Remarkable Growth Due to Rising Demand for Real Estate and Other Applications

By Oblique, the market is divided into Low and High Oblique.

Oblique aerial photographs provide the viewer with a comprehensible image of a location and is useful for looking at foreground building frontages.

The Low Oblique segment will grow with the highest CAGR during the forecast period.

Growing Use of Aerial Imaging by the Governments in Different Countries to Drive the Growth of the Market

Based on End-Use, the market is classified into Government, Defense, Forestry and Agriculture and Others (Infrastructure, Transport, Media, and Entertainment)

The Government segment is set to grow at the highest CAGR during the forecasted period.

The global aerial imaging market has been segmented into North America, Europe, Asia Pacific and the Rest of the World.

Report Coverage

The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective. The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for technology in the near future.

Driving Factors

Rising Demand for Surveillance in Government and Defense Sector Will Propel Market Growth

Due to the numerous uses for aerial imagery services, including the creation of topographic maps, surveillance, photogrammetric surveys, and others, their use has substantially increased over the past few years. The demand for aerial imagery has increased as a result of the expanding use of surveillance drones for applications in public, wildlife, and critical infrastructure safety and security.

Regional Insights

North America to Hold Dominant Share Backed by Increasing Adoption of Technology

The aerial imaging market in North America, which accounted for the highest share in 2021, is anticipated to expand at a moderate CAGR over the expected period. Due to the region's thriving trade, economy, and presence of significant industries, this expansion is ascribed to the rising use of aerial images in the U.S. and Canada.

Due to the demand for aerial photography in the real estate and infrastructure sectors, Europe will have moderate development throughout the projection period. Due to the presence of large manufacturers and the usage of drones in the agriculture sector, this rise is ascribed to demand for use in nations like the United Kingdom, Germany, France, and others.

Competitive Landscape

Key Players Sign Significant Contracts to Make Remarkable Changes in Market

The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing profitable revenue for their own company.

Key Industry Development

October 2024 – Vexcel carried out a large-scale aerial imagery operation following Hurricane Milton, which made landfall as a Category 3 storm on October 9, 2024. The effort was part of Vexcel’s Gray Sky Program, designed to deliver high-resolution imagery and damage assessments to aid post-disaster recovery efforts.

June 2024 – Vexcel entered a strategic partnership with CAPE Analytics to enhance property insights using high-resolution aerial imagery. The collaboration aims to boost CAPE’s ability to provide predictive property risk analytics across the U.S., Canada, and Australia.