Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
The worldwide Aerial Imaging Market is segmented according to applications and regions.
Insurance, government, military & defense, agricultural & forestry, GIS (geographical
information system), civil engineering, commercial, and energy are the key application
areas. Military & defense will exceed USD 250 million by 2024. UAVs and Personal Aerial
Mapping System (PAMS) are used by the military for reconnaissance missions. These
systems are also employed in ground-based commercial applications. PAMS provide
detailed photographs of surfaces at affordable costs.
UAVs can be deployed even in highly dangerous military operations, since these can
execute accurate and repetitive commands in unfavorable settings. Farmers use UAVs to
monitor their fields and crops. The insurance sector uses it to survey damages after floods
or hurricanes and thus settle claims. Energy companies use aerial imagery to inspect
transmission lines, gather data from solar & wind power plants, and provide additional
security to these plants.
Government applications are estimated to cross over USD 950 million by 2024. The
government sector uses drones for urban planning, energy management, environmental
planning, and homeland security. Commercial applications could generate maximum
revenue during the forecast period. These include advertising and promotional activities.
Aerial photography provides land cover maps, soil maps, and vegetation maps with the
help of spatial data. Combining this technology with GIS can aid in urban planning.
Regions include Europe, North America, Latin America (LATAM), Asia Pacific (APAC), and
Middle East & Africa (MEA). APAC is expected to garner over USD 500 million by 2024. The
growth can be attributed to the presence of semiconductor industries in the region.
Consumer needs and rapid technological developments will fuel demand. North America
will lead the global Aerial Imaging Market over the forecast period. This owes to the
growth of the telecommunications industry. Europe will experience modest growth in the
aforementioned period.
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