Aerial Video Services Market

Aerial Video Services Market Outlook (2023 to 2033)

The global aerial video services market is valued at US$ 274.6 million in 2023. The market is expected to expand rapidly at a CAGR of 17.5% and reach a valuation of US$ 1,377.7 million by the end of 2033.

The aerial video services market is about 4% of the overall drone service market valued at around US$ 6.6 billion in 2023.

Report Attributes	Details
Market Size (2022A)	US$ 233.7 Million
Estimated Market Value (2023E)	US$ 274.6 Million
Forecasted Market Value (2033F)	US$ 1,377.7 Million
Global Market Growth Rate (2023 to 2033)	~17.5% CAGR
North America Market Share (2022)	~45.0%
East Asia Market Growth Rate (2023 to 2033)	~18.8% CAGR
United States Market Growth Rate (2023 to 2033)	~17.6% CAGR
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

Exceeding utility in business branding and marketing

Businesses these days are adopting innovative and cost-efficient product promotion strategies. Video content is one of the attractive methods of visualizing & promoting a product, brand, business, and others to customers. Businesses and companies are utilizing aerial video services for all their branding and marketing needs and it’s become popular to witness shots from an aerial vantage point.

It attributes consumer focus towards the overall shape, size, layout, and other things of the product. This process offers the customer a complete insight into the product and helps in product purchase. With the advent of the popularity of aerial video capture, customers are more grilling about bird’s eye view of the products, business infrastructure, and others. Owing to this factor, branding & promoting techniques of businesses are witnessed with more integration of aerial video services.

• Short Term (2023 Q1-2026): Post COVID, the market growth is expected to see a hike with growing aerial video services by healthcare professionals, and integration of cost & time efficient solutions in the business to enhance operating profit.
• Medium Term (2026 to 2029): The market growth is expected to be healthy in the medium term with rising infrastructure development and utility of these services for inspection and others. Moreover, the entertainment & recreation sector is expected to exhibit demand for aerial video services with lenient regulation of the government on recreation UAV utility.
• Long Term (2029 to 2033): In the long run, aerial video services are expected to have substantial demand in commercial sectors. The customer is benefited from the time & cost efficiency of these services and is projected to leverage huge demand for it to exceed their operating profit.

East Asia is projected to grow with fastest CAGR of 18.8% in the aerial video services market during the forecast years (2023 to 2033).

The image illustrate the expected total addressable market value of 274.6 million in the 2023. During the historic period (2018 to 2022), the market growth rate was 17.5% and projected to rise with a CAGR of 1,377.7% during the forecast period (2023 to 2033).

Key factors driving the demand of aerial video services

“Growing popularity in real estate marketing”

Aerial video services are gaining popularity in the real estate industry for marking properties and lands. The brokers or agents hire these service providers to offer attractive & dynamic visuals of the properties. Birds' eye view of property captured through UAVs illustrate brief features of the property and showcases nearby areas and environment.

This is beneficial to appeal to buyers for the property and helps in generating new business for the brokers. Moreover, UAVs are cost-efficient and able to capture video of properties from different angles, which a human can’t approach. Owing to this factor, demand for cost-efficient and flexible to approach every part of property services like aerial video will be gaining popularity in the real estate industry.

“Time & cost efficiency benefits of aerial video services”

Traditionally, helicopters were utilized in various industries to capture plants, properties, or infrastructure from the sky. It requires a significant amount of investment in renting a helicopter, hiring a pilot, and a professional photographer. Also, the same process requires a lot of time to address the site and all the staff to manage all such processes and certify the safety of everyone involved.

However, with the utility of UAVs or drones, capturing a property or any infrastructure becomes easy for the customer. UAVs and drones are comprised of cameras that can capture quality photos from various angles. This has eliminated renting a helicopter and hiring a pilot and professional photographer. Owing to these factor aerial video services is witnessed as a cost-efficient solution to the customer and could be executed in a lesser time compared to the traditional method.

Key factors restraining the market growth

“Shorter flying time and altitude constraints of UAVs”

Drones can only fly for a certain period of time before needing new batteries, which is something to keep in mind when thinking about using them to film. Even some of the most drones will require a battery change after 10 to 15 minutes. Projects may take significantly longer as a result of the pilots' intermittent stopping to change batteries rather than being able to shoot constantly. Altitude restrictions are a problem when using drones, in addition to reduced flight periods.

According to FAA regulations, drones can only fly 400 feet above the ground, making them preferable for recording over shorter distances and for shorter periods of time.

Country-wise Insights

United States accounts for leading share of global market

A major factor contributing to the development of aerial video services are Federal Aviation Administration's (FAA) approval to use UAVs and drones for photography & filming purposes while with complying certain regulations. Additionally, the registration of drones by the government for commercial & recreational purposes is rising in the country, which is also reflecting a substantial growth opportunity for market expansion.

The economy is witnessed by developed & technologically advanced entertainment, agriculture, and other industries. These industries are substantially opting for aerial video services to be benefited in cost savings and timely execution of certain works. Owing to all these factors, US aerial video services are expected to hold a leading share of the global market.

Market in China expected to grow the fastest

The China aerial video services market is expected to rise with fastest CAGR of 19.2% in the forecast period.

The significant development of infrastructure in China is escalating the demand for aerial video services. China is a leading developing economy with continuous infrastructure development like roads, bridges, buildings, and others. To monitor, inspect, & mapping this infrastructure, China is substantially using UAVs and drones.

Additionally, the UAV utility has grown in the region post-COVID-19 spread, as the government used it for tracking COVID-infected patients, people disobeying lockdown regulations, and others. Moreover, the economy is expected to witness tremendous development in the agriculture sector. Owing to this factor, the aerial video services market is projected to rise in the region through benefits of inspection, mapping & surveying services.

Category-wise Insights

Customer from commercial sector to exhibit leading share

Aerial video services are considerably high in demand from commercial sectors like real estate, construction, waste management, healthcare, and others. With the help of these services, businesses can capture stunning and high-quality videos of the products, buildings, and other things they require. Aerial video service providers offer HD and up to 5K video resolution along with attached with UAVs are attached with three-axis stabilization which offers smooth video capture. With such an advent of benefits, the business is efficient to deal with prominent branding & marketing strategies required in the organization.

Also, with high-quality video, commercial customers are witnessed with prominent imaging, monitoring, and inspection of the various production plants and building infrastructure. Also, this results in enhancing the cost & time efficiency of the business and channelizing these costs to other operations, and enhancing the profitability of the business.

Entertainment & recreational sector demands aerial video services the most

Entertainment & recreational sector to exhibit a market share of about 17.0% in the end-user segment.

Film and television producers may now produce scenes that were either previously impossible, exceedingly risky, or prohibitively expensive to produce with the aforementioned legacy filming equipment due to their small size, maneuverability, and substantially cheaper cost. Additionally, drone use in pre-and post-production is becoming more common. Examples include aerial 3D mapping & scanning, creating shot lists, remote location scouting, and others.

Also, the use of drones in the sports industry has increased because they can record videos and take pictures from various angles of the players and the stadium. Additionally, drones used for recreational purposes are supported by lenient regulation on utility by the government worldwide which has stimulated the segment’s growth in the forthcoming period. 

Competitive Landscape

Key service provider of aerial video services are 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 and Falconviz.

The global aerial video services market is highly fragmented with the presence of various large and small market players in the market. To sustain in the market and stick competitive, these market players are taking strategic moves like mergers & acquisitions and expansion. For instance,

• In September 2020, AUAV, a leading Australian drone service provider has merged with another drone service provider in Australia, Uaviation. The company aims towards enhancing its food print in Australia and diversifying its service offering.
• In January 2021, DroneVideos.com LLC has introduced a network of drone video operations in the United States that offers aerial photography & filming services for real estate agents and property listers.

Fact.MR has provided detailed information about the provider of aerial video services market positioned across regions, revenue growth, and service offering expansion, in the recently published report.

Segmentation of the Aerial Video Services Market

• By Customer Type :

  • Residential
  • Commercial

• By 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
  • Healthcare & Insurance

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa