Global aerial imaging market size is projected to cross $6 billion by 2027, according to estimates from a GMI Inc. Aerial imaging or photography is rapidly emerging as an invaluable asset for a range of industrial applications, including military and agriculture. With the growing investment interest in tourism, the need for aerial shots for large-scale event security, crowd tracking, and other uses will likely increase.

According to Eurostat, residents in the European Union spent around $513.4 billion on tourism trips, with 57% spent on trips abroad in 2019, thereby asserting a positive influence on the aerial imaging market for capturing attractive sites and other applications.

Get a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/105

Likewise, aerial photography has been gaining widespread traction in construction and infrastructure surveys. In August 2021, Indian Prime Minister, Narendra Modi, unveiled plans to invest over $1.5 trillion in infrastructure to create more jobs and drive economic growth. This rise in infrastructural development spending could thus contribute to the popularity of aerial imaging technology to capture images of structures and obtain details on changes to the construction sites.

Growing adoption of aerial imagery techniques for disaster control and geospatial mapping

To mitigate natural disasters, the first and foremost step is to gain insights into the character, expected frequency, and magnitude of hazardous events across an area. According to data from Munich Re, in 2020, losses due to natural catastrophes rose to $210 billion from $166 billion in 2019, across the globe. Since remote sensing data like aerial photos can help map the variabilities of the terrain properties, the mounting economic impacts caused by disasters could create a favorable outlook for the aerial imaging market.

Moreover, geospatial technology and remote monitoring tools are continuing to play a crucial role in managing ever-increasing climate events as well as recent events like the COVID-19 pandemic in recent years. This has caught the attention of prominent entities worldwide, including the St. Louis-based NGA Accelerator, a program for developing next-gen geospatial intelligence technologies, which granted 8 startup companies $100,000 in non-dilutive funding in May 2022. The companies chosen for the funding are involved mainly in the development of a vast array of geospatial technology applications, such as new navigation solutions for defense as well as devices designed to create data from underwater, among others.

The ever-increasing use of geospatial technology for disaster control and mapping, along with the growing funding for innovative programs, is thus expected to proliferate the use of aerial imaging services and other tools for geographic mapping and analysis in years to come.

Burgeoning investment in imaging solutions in military and farm applications

Aerial imaging market technology has long been used in the military sector, bolstered by the deployment of drones for varied purposes like border inspection for potential threats and precise mapping. According to the SIPRI (Stockholm International Peace Research Institute), India's military spending was $76.6 billion in 2021, a hike of 0.9% from 2020 and 33% from 2012. Also, China spent $293 billion on defense in 2021, a rise of 4.7% as compared to 2020. The growing investment activity in the military and defense sectors across numerous regions could contribute greatly to the burgeoning popularity of drone aerial imaging techniques.

Request for customization @ https://www.decresearch.com//roc/105

In addition, drones as agriculture aerial imagery tools are steadily gaining acceptance for crop health management and other applications. This is supported by a rapid rise in investments for farming technologies over the years. In 2020, farm tech investment soared to $7.9 billion, topping the 2019 investments by 41% or $2.3 trillion, as per AgFunder’s Farm Tech Investment Report.

Since drones can efficiently inspect agricultural fields and help farmers inspect issues with the crops, the burgeoning investment in farm technology could strengthen overall aerial imaging market expansion over the years ahead.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Scope & definitions

1.2    Methodology & forecast parameters

1.3    Region-wise COVID-19 impact analysis

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    Middle East & Africa

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Executive Summary

2.1    Aerial imaging market 360º synopsis, 2017 – 2027

2.2    Business trends

2.3    Regional trends

2.4    Platform trends

2.5    Imaging type trends

2.6    Application trends

2.7    End-use trends

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/aerial-imaging-market

About Us: –

DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed ‘Table of Contents’ for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

Contact Us: –

DecResearch.com

Website: – https://www.decresearch.com

Email: [email protected]