Report: Aerial Imaging Market Will Thrive With Rising Popularity In Precision Agriculture

Technavio analysts forecast the global aerial imaging market to grow at a CAGR of close to 13.28% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the global aerial imaging market for 2016-2020. To calculate the market size, the report considers the following:

  • The retail price of aerial imagery
  • The revenue generated from aerial imagery in business sectors, including oil and gas, mining, agriculture and forestry, building and infrastructure, government, sustainable energy, and military and defense
  • The revenue generated from leasing equipment (drones) for aerial imagery and aerial surveying in commercial applications

Technavio ICT analysts highlight the following four factors that are contributing to the growth of the global aerial imaging market:

  • High adoption in urban planning
  • Rising popularity in precision agriculture
  • Remote sensing and GIS in disaster management
  • Low-cost sensor drone technology

Here is a look at two of those factors related to precision agriculture:

Rising Popularity In Precision Agriculture

Geospatial technologies are used in precision agriculture to map spatial variations in crop and soil conditions. They match inputs related to water, seed, and fertilizers to the variations by applying them at variable rates.

Aerial photography gathers the necessary information for crop analysis and management. The normalized difference vegetation index (NDVI) can be measured using aerial imagery, which indicates the green vegetation levels of crops. Aerial imagery can be used to monitor crops, forests, and ecosystems for subtle changes in visible and near-infrared radiations.

“Due to technological advances in aerial imagery, farmers and ranchers worldwide are showing increased interest in aerial photography services. Aerial thermal photography helps determine crop temperatures, and along with NDVI, it provides comprehensive information on plants that need to be irrigated,” says Rakesh.

Low-cost Sensor Drone Technology

Innovations in drone technology have facilitated the transition from high-cost fixed wing aircraft to cheaper and more efficient UAV LiDAR models. Low-cost UAV LiDAR systems find applications commercial, government, and environment and conservation sectors.

Inexpensive drones with advanced sensors and imaging capabilities enable precision agriculture, which helps farmers reduce crop damage and increase crop yield. Low cost of technology, along with the easy integration of multiple technologies, provides surveyors and consulting engineers a significant opportunity for development. The cost of a high-end GPS-controlled drone with a camera is around USD 6,000. Military agencies can replace older warships and aircraft with low-cost drones to handle the intelligence aspects. This replacement will help reduce costs related to upgrading obsolete war equipment.

Learn more about the report here.

Leave a Reply

2 comments on “Report: Aerial Imaging Market Will Thrive With Rising Popularity In Precision Agriculture

  1. Hi, everybofy, thank you very much for the excellent and useful technnical information about Precision Agriculture and its applications.

Data Management Stories
Data ManagementNew Partnerhship Between AgIntegrated, CDMS, SeediQ Will Create Single Source Reference Data API
January 18, 2017
AgIntegrated, Inc. (AGI), CDMS, Inc. and SeediQ announce a partnership to develop, promote, and sell a single-source crop input reference Read More
Data ManagementProspera Selected for Top 100 Artificial Intelligence Rankings
January 11, 2017
CB Insights today selected Prospera to the prestigious Artificial Intelligence 100 list (“AI 100”), a select group of emerging private Read More
Corn Field
Data ManagementWaypoint Analytical, Highland Precision Ag Announce Strategic Alliance
January 9, 2017
Waypoint Analytical (WP), based in Memphis, TN, and Highland Precision Ag (HPA), based in Mulberry, FL, are pleased to announce Read More
Wade Barnes Farmers Edge using FarmCommand
Data ManagementFarmers Edge Makes Precision Ag Simple
January 3, 2017
Jon Labine of Argyle, MN, is a regional sales representative for Farmers Edge Inc., one of the latest entries in Read More
Trending Articles
PrecisionAg.com featured image
ProfessionalsWelcome to the Newly Enhanced PrecisionAg.com
December 29, 2016
Talk a quick look around our website and we hope you’ll notice it’s significantly different as we head into 2017 Read More
Ryan Raguse and Matthew Grassi
ProfessionalsIndustry Executives Talk New PrecisionAg Professional Brand
December 19, 2016
EFC Systems President and CEO Ernie Chappell Myriad Mobile Cofounder and Chairman Ryan Raguse Read More
PrecisionAg Professional logo
Industry NewsMeister Media Debuts PrecisionAg Professional
December 13, 2016
Agricultural technology is accelerating, and precision agriculture is gaining renewed interest across cropping systems. At the same time, growers are Read More
NDSU IoT
Sensors/IoTNew Farming Focused IoT Partnership Announced
December 13, 2016
Infiswift, an enterprise Internet of Things (IoT) platform developer, announces a partnership to develop IoT solutions with Acuitus Ag, an Read More
GVM E-Series cab
Ag Tech GlobalGlobalization And Precision Agriculture
December 7, 2016
Globalization has taken on a negative connotation in some circles in the U.S. in recent months. The lightning rod for Read More
Farmers Edge Truck
Data ManagementFarmers Edge, Trotter Fertilizer Form Partnership To Enhance VRT Programs
November 29, 2016
Farmers Edge, a global leader in precision agriculture and independent data management solutions, has partnered with Trotter Fertilizer, Nebraska’s foremost Read More
Latest News
Data ManagementNew Partnerhship Between AgIntegrated, CDMS, SeediQ Wil…
January 18, 2017
AgIntegrated, Inc. (AGI), CDMS, Inc. and SeediQ announce a partnership to develop, promote, and sell a single-source crop input reference Read More
Corn Field Sunset
Ag Tech GlobalAg Technology Among Focus Areas For Kohli Impact Invest…
January 18, 2017
Tej Kohli, a serial entrepreneur, global businessman and philanthropist, has announced he has earmarked an initial $25 million USD, through his Read More
Terry Griffin
Business ManagementUsing High Tech To Make Farm Decisions
January 17, 2017
Raj Khosla, professor of precision agriculture at Colorado State University, challenged farmers to think about how far the technology of Read More
Decisive Farming My Farm Manager mobile app
Ag Tech GlobalLeading Canadian Farming Co-op Brings In New Tech To Bo…
January 17, 2017
Co-op, one of the largest agricultural retailers in Western Canada, is partnering with farm management company Decisive Farming to provide Read More
Business ManagementCNH Names Danford Industry Relations Manager
January 17, 2017
Dan Danford has been named Industry Relations Manager, Precision Solutions and Telematics (PS&T), for CNH Industrial, parent company of agricultural Read More
Australian Harvest
Ag Tech GlobalAustralian Precision Agriculture Market, Forecast To 20…
January 13, 2017
Research and Markets has announced the addition of the “Australian Precision Agriculture Market, Forecast to 2020” report to their offering. Read More
Norris planter
Innovation SeriesCompelling Consultant Panel Kicks Off Next Month’s Prec…
January 12, 2017
Jeremy Wilson, Technology Specialist at CropIMS and renowned precision expert, leads a panel of top precision consultants to kick off Read More
Data ManagementProspera Selected for Top 100 Artificial Intelligence R…
January 11, 2017
CB Insights today selected Prospera to the prestigious Artificial Intelligence 100 list (“AI 100”), a select group of emerging private Read More
Business ManagementBREAKING: FAA Considering Less Restrictive Commercial D…
January 11, 2017
FAA is working toward allowing more freedom for drone operators, and at the same time is working with NASA on Read More
DronessenseFly, Agribotix Combine eBee SQ and FarmLens Offeri…
January 11, 2017
Agribotix has partnered with senseFly to offer a new combined solution for professional users. This technology solution combines the top Read More
Sentera software
DronesSentera Announces NDVI Livestream Capabilities for Doub…
January 10, 2017
Sentera today announced the upcoming release of LiveNDVI Video: livestreamed NDVI video via Sentera’s Double 4K sensor. This breakthrough technology Read More
Young Corn Field
Ag Tech GlobalEurocontrol To Commercialize Precision Agricultural Ini…
January 9, 2017
Eurocontrol Technics Group Inc., a Canadian public company specializing in the acquisition, development and commercialization of innovative test and measurement Read More
Corn Field
Data ManagementWaypoint Analytical, Highland Precision Ag Announce Str…
January 9, 2017
Waypoint Analytical (WP), based in Memphis, TN, and Highland Precision Ag (HPA), based in Mulberry, FL, are pleased to announce Read More
Western Canada Wheat field
EventsSixth Annual Precision Ag Summit Set for January 16-17 …
January 4, 2017
The 6th annual Precision Ag Summit will be held Jan. 16-17, at the North Dakota Farmers Union Conference Center in Read More
University of California Merced Professor Stefano Carpin
Hort TechRobots, People Working Together To Save Water, Enhance …
January 3, 2017
A nearly $1 million grant from the USDA is helping University of California researchers refine collaborative robotic technology that could Read More
Wade Barnes Farmers Edge using FarmCommand
Data ManagementFarmers Edge Makes Precision Ag Simple
January 3, 2017
Jon Labine of Argyle, MN, is a regional sales representative for Farmers Edge Inc., one of the latest entries in Read More
DV Wing Drone Volt
DronesDV WING: A Drone Dedicated To Precision Agriculture
January 3, 2017
DRONE VOLT is launching its new fixed-wing unit, a light and compact UAV dedicated to precision agriculture and construction work, Read More
PrecisionAg.com featured image
ProfessionalsWelcome to the Newly Enhanced PrecisionAg.com
December 29, 2016
Talk a quick look around our website and we hope you’ll notice it’s significantly different as we head into 2017 Read More