Unprecedented technological developments and the Internet of Things (IoT) have been giving the aerial imaging industry an entirely new boost – especially those technologies that were first utilized in tracking wartime activities, and then in various industry verticals. Today, unmanned aerial vehicles (UAVs) and drones are setting an exceptional platform for aerial imaging, which are often celebrated for their ability to capture a new vantage point on the world. From enhancing surveying, and mapping capabilities for infrastructure development to helping farmers monitor crops and identify problems, the application of aerial imaging will go through the roof, enabling the growth of its market on a global scale.
According to the latest research by Transparency Market Research (TMR), the aerial imaging market will reach a valuation of ~US$ 2 billion in 2019, up from ~US$ 1.8 billion in 2018.
- Aerial imaging technology was devised in 2011, and since then, it has gained popularity among enterprises, owing to its various advantages, including lower latency, quicker data transfers, low power consumption, and improved performance.
- Key players operating in the global aerial imaging market are increasingly focusing on introducing advanced solutions pertaining to aerial imaging interfaces. This move would help these companies in accelerating the adoption of aerial imaging among enterprises as well as consumers of smartphones, laptops, and tablets.
- The above-mentioned factors are expected to have a positive impact on the global aerial imaging market in the near future.
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Privacy, Public Safety, and National Security Concerns to Pose Major Challenges for Market
- Accessibility of online aerial and satellite images offers several useful commercial applications. However, these images can also be used for unethical purposes. Criminals may carry out virtual surveillance of banks, parks, government buildings, or schools by using online aerial and satellite images.
- National security could also be compromised. For example, in January 2007, aerial footage displayed by Google Earth was used by terrorists to attack U.K.’s bases in Basra, Iraq.
- If suitable measures are not taken, lack of appropriate security and privacy can hamper the global aerial imaging market.