Aerial Imaging Market Size Worth Usd 2.65 Billion by 2022

Aerial imaging market size is estimated to be valued at over USD 2.64 billion by 2022, as per a new research report by Global Market Insights, Inc.

Increasing demand for this technology across various application areas is expected to drive aerial imaging market share over the forecast period. These systems are anticipated to offer efficient solution for various applications such as planning, route design, volume calculation, and map renovations.

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The technique is mainly used for a variety of purposes such as geospatial technology, construction & development, research & conservation, as well as disaster management. Rising technological innovation in aerial platforms and camera systems is anticipated to drive aerial imaging market growth over the next few years. Advancements in technology such as airborne GPS, Inertial Measurement Unit (IMU), and Light Detection and Ranging (LiDAR) are projected to propel demand.

Personal Aerial Mapping System (PAMS) and Unmanned Aerial Vehicle (UAV) are likely to offer growth opportunities to the industry. In addition, budding camera technologies such as Hawk and Eagle by Microsoft and UltraCam Osprey along with the rising awareness towards aerial archeology is predicted to provide various new growth prospects over the forecast period. Advent of improved image data sources and various new applications along with rapid advancement in sensor technology is predicted to positively impact the aerial imaging market size till 2022.

Location based services along with remote sensing are now increasing their prominence across numerous applications associated with navigation, mapping, location-based mobile advertising, remote monitoring as well as emergency services. Aerial imaging and location-based services facilitates in production of comprehensive maps, cartograms and images of the desired locations and environs with optimal precision, facilitating faster decision making. This is turn...