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Aerial Imagery Market Revenue, Share, Key Players, Demand and Opportunities by 2023

Image result for aerial imageryThe global aerial imagery market growing at a CAGR of 13.4% during 2017 - 2023 and will reach $3,545 million by 2023. The aerial imagery market is expected to witness high growth due to its ability to provide instantaneous view, primarily required for town planning or construction of any water or thermal based project. Improved vantage point, to provide magnified view of large areas from distant angles to see the features of the earth’s surface clearly in their actual context, is also a prime driver for its increased demand.

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The aerial imagery market has been gaining traction due to its increased adoption in multiple application areas, such as surveillance and monitoring, geospatial, energy and resource management, conservation and research, exhibition and live entertainment, disaster management, and construction and development. This technology provides time freezing ability, by recording every instance of the earth’s surfaces to provide advanced imaging solutions, which is in high demand from various industries.

With increasing number of natural calamities such as earthquakes, fire, floods, cyclones and tornadoes occurring globally, governments of many countries are inclining towards the use of new imagery solutions to determine the actual loss of life and property. The factor has been observed as a prime stimulant of growth of the aerial imagery market, in recent times.

Geographically, the aerial imagery market is projected to witness similar growth in North America and Asia-Pacific, during the forecast period. The growth in the North American market will be led by increasing usage of this technology for mapping sky rise buildings, dams, and oils & gas plants in the region. The upsurge in urbanization, along with purposed investment in smart cities in the region, is also expected to boost the growth of the North American aerial imagery market in the coming years.

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

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