Aerial Photography: Recent Trends And Future Growth
The pandemic has severely impacted the aerial photography industry worldwide. For most of the large drone and UAV manufacturers, the pandemic has resulted in a decline in demand as well as supply due to disruption of the supply chain. The revenue streams allocated to new technologies also get affected. However, the post-pandemic demand for aerial photography is foreseen to grow significantly due to the growing application of aerial photography in various fields. Let’s look at some data. The global market share of aerial photography was valued at $2,256.1 million in 2020. Furthermore, it is projected to reach $8,519.1 million by 2030 which points to compound annual growth of 14.2%. What is aerial photography? The process of capturing images of the ground from cameras attached to any airborne source is known as aerial photography. The airborne source can be a helicopter, drone, parachute, unmanned aerial vehicle, balloon, and vehicle-mounted poles. The aerial images help in risk m