The global aerial video services market is expected to secure a valuation of US$ 274.6 million in 2023. During the forecast period of 2023-2033, the market for aerial video services is expected to exhibit a CAGR of 17.5% and reach US$ 1,377.7 million by the end of 2033.
The global aerial video services market is expected to secure a valuation of US$ 274.6 million in 2023. During the forecast period of 2023-2033, the market for aerial video services is expected to exhibit a CAGR of 17.5% and reach US$ 1,377.7 million by the end of 2033.
Aerial video services gained substantial demand from the commercial sector to capture video content for branding & marketing of businesses & products. These services offer a bird's eye view of the business and product that helps in gaining customer attention.
These services are expected to gain lucrative opportunities in the forthcoming period with their rising popularity of them in the real estate market. Where appealing video of the property is being captured briefing the features of the property and ultimately helping in generating new leads for the brokers. Time & cost efficiency is other factors contributing to the market growth, as the traditional process of filming & inspection requires expensive equipment, professional photographers, and others. However, UAVs integrated with an advanced camera have significantly eliminated the excessive cost & time incurred in the filming process.
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Key Takeaways from the Market Study:
During 2023-2033, the market will expand with a CAGR of 17.5%
Among regions, East Asia exhibits the fastest growth with a CAGR of 18.8%
The entertainment & recreational sector holds about 17.0% of the share in the end-use industry.
The global aerial video services market growth was about 9.3% during 2018-2022.
“Aerial video services will be in demand for real estate marketing during the forecast period,” says a Fact.MR analyst.
Market development
The business environment in the aerial video services market is highly competitive with the presence of various new and established market players in the industry. These market players are securing various moves like expansion and merger & acquisition to neglect extreme competition. The market growth is expected to be high in the forecast period with the substantial utility of these services in branding & marketing of the business.
Key Companies Profiled:
AerialWorks Inc.; Aerodrome; 3DroneMapping; ABJ Drones; AerialWorks Inc.; AERIUM Analytics; AeroMedia Group; Aivia Group; Artrabia; Astral Aerial Solutions; Cloud 9 Creative; DATA PKT Aviation; DJM Aerial Solutions; Drone Dispatch; DDC Smart Inspection; Falconviz
Industry News:
·In September 2020, AUAV, a leading Australian drone service provider, merged with fellow Australian company Uaviation. The merger aims to strengthen AUAV’s presence across Australia and expand its range of service offerings.
·In January 2021, DroneVideos.com LLC launched a nationwide network of drone video operations in the United States, providing aerial photography and filming services tailored for real estate agents and property listings.
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More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global aerial video services market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of customer type (residential and commercial), end-use industry (energy, construction, transportation & warehouse, agriculture, mining, oil & gas extraction, public administration, real estate & industrial plant, entertainment & recreational, safety & security, educational services, waste management and healthcare & insurance) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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