Communication Technologies Facilitate Surveying Activities Amidst the Pandemic.Aerial Imaging Maintains Resilience amid the Pandemic.2020: A Year of Disruption & Transformation.Impact of Covid-19 and a Looming Global Recession.The regional market is expected to receive a major growth stimulus from increasing use of UAVs for aerial imaging within the forestry and agriculture industries. Market in Asia-Pacific is predicted to register the fastest growth rate over the coming years on account of rising attention on drone surveying and mapping in the agriculture and government sectors across various countries like India and China. Led by the US, the regional market is poised to gain from increasing use of drones in the forestry and agriculture industries coupled with advances in the telecom sector and ongoing innovations in the defense domain. North America dominates market share due to early adoption and extensive application of aerial imagery within the defense, energy and agriculture industries. Within Europe, Germany is forecast to grow at approximately 14.4% CAGR while Rest of European market (as defined in the study) will reach US$331 Million by the end of the analysis period. China, the world`s second largest economy, is forecast to reach an estimated market size of US$767 Million in the year 2026 trailing a CAGR of 17% through the analysis period.Īmong the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 14.4% respectively over the analysis period. The country currently accounts for a 31.7% share in the global market. is estimated at US$725.3 Million in the year 2021. Market is Estimated at $725.3 Million in 2021, While China is Forecast to Reach $767 Million by 2026 Drones/UAVs provide a cost-efficient alternative to fixed-wing aircraft and helicopters for aerial imaging, which is pushing up their adoption in low-budget, small-scale imaging applications. The drone/UAV platform dominates the market owing to increasing adoption of the option for aerial imaging in sectors such as government, oil & gas, construction, agriculture and military & defense. This segment currently accounts for a 21.5% share of the global Aerial Imaging market. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fixed Wing Aircraft segment is readjusted to a revised 14.9% CAGR for the next 7-year period. UAV & Drone, one of the segments analyzed in the report, is projected to grow at a 15.9% CAGR to reach US$2.9 Billion by the end of the analysis period. In the coming years, the technology is likely to find extensive use to support town planning, energy exploration and homeland security applications as well as to manage environmental or climate changes. The ability of aerial photography to enable perfect shot, enhanced pilot handling and elevated angle view for high-resolution imagery is expected to considerably drive its demand across the government sector, opening lucrative avenues for growth. The market growth is also stimulated by ongoing technological advances in aerial platforms and camera systems along with rising awareness about various advantages of the technology and growth of location-based services. The global market is anticipated to be also bolstered by continuing technological advances related to camera systems to achieve ultra-resolution imagery. Growth in the global market is led by advancements in technologies such as cameras, processing methods, collection platforms and cloud storage and analytics platforms that continue to enrich aerial data. The global market for Aerial Imaging estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2026, growing at a CAGR of 14.7% over the analysis period. Global Aerial Imaging Market to Reach US$4.6 Billion by the Year 2026 Dublin, Ap(GLOBE NEWSWIRE) - The 'Aerial Imaging - Global Market Trajectory & Analytics' report has been added to 's offering.

Aerial imaging