According to a recent market research report titled ‘Aerial Imaging Market,’ published by Transparency Market Research,the global aerial imaging market is anticipated to reach a market value of US$ 5,224.3 Mn by 2026, expanding at a CAGR of 13.8% during the forecast period, 2018 to 2026. According to the research study, North America held a prominent market share of approximately 44.5% of the global market in 2017. This is primarily due to advancements in technology such as development of Microsoft aerial digital cameras, personal aerial mapping systems (PAMS), and aerial archaeology and 360 degree panoramas.
Demand for High Quality and Cutting-edge Aerial Imagery, Highly Reliable Data, Advancements in Drone/UAV Technology, and Rise in the Number of Application Areas among End-use Industries are Driving the Global Aerial Imaging Market
Rise in the adoption of personal aerial mapping systems (PAMS) is boosting the global aerial imaging market. Further, the use of aerial imaging for archaeological research has improved the study of ancient landscapes and historical sites. A vertical or oblique aerial image is captured to carry out archaeological surveys. Aerial photography has been considered one of the most comprehensive planning solutions for regional and local planning agencies. It provides an effective way to monitor project implementations during the entire process. The information from aerial imagery can be used precisely to document the construction status and eliminate unnecessary delays. Also, property owners are enhancing their properties’ profile by using aerial imaging to improve market demand for them. Aerial imaging has proved to be a cost-effective and creative solution for engaging buyers of real estate. This in turn is paving the path for new market opportunities.