What is Drone Analytics Market?
Drone analytics is defined as the software which enterprises necessity to collect, manage, as well as analyze aerial data. Numerous benefits of using data analytics such as create 2D and 3D visual representations of the sites examined by drones, record as well as process all aerial data, provide solutions across a variety of industries, among others. Increasing capital investments for the development of new and advanced drone software has also played an important role in positively impacting the growth of the market. The market for drone analytics is anticipated to register a CAGR of over 32.12% during the forecast period
Highlights from Drone Analytics Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Airware, Inc. (United States), DroneDeploy (United States), Delta Drone (France), PrecisionHawk (United States), Pix4D (Switzerland), Aerovironment, Inc. (United States), Kespry Inc. (United States), Pix4D (United States), Dronifi (United States) and Sentera, LLC (United States) |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global drone analytics market can witness an upsurge in the forecast period. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Drone Analytics market throughout the forecasted period.
Airware, Inc. (United States), DroneDeploy (United States), Delta Drone (France), PrecisionHawk (United States), Pix4D (Switzerland), Aerovironment, Inc. (United States), Kespry Inc. (United States), Pix4D (United States), Dronifi (United States) and Sentera, LLC (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Agribotix LLC (United States). Drone Analytics Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Geolocation Tagging, Ground Exploration, Aerial Monitoring, Thermal Detection and Others |
Vertical | Oil & Gas,Construction,Mining,Insurance,Scientific Research,Others |
Deployment Type | On-Demand,On-Premises |
Solution | Point Solutions,End to End Solutions |
On the basis of geography, the market of Drone Analytics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Incorporation of the Internet of Things (IoT) in Drones
Market Growth Drivers:
Increasing Demand for Drone Analytics in Commercial Applications and Growing Demand for Sophisticated Industry-Specific Analytical Solutions
Challenges:
Growing Concerns over Cybersecurity/Data Security and High Costs Involved in Gathering Precise Data
Restraints:
High Cost is involved in the Process of Gathering the Information
Opportunities:
Development of Advanced and Complex Drone Software, Increased Use of Drones in Various Applications and Increased Adoption of Autonomous Drones by Various Law Enforcement Agencies
Key Target Audience
Manufacturers of Drone Analytics, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Market Leaders & Development Strategies
In February 2019, the Delair Company has launched the AI-driven platform for drone data. Therefore, this launched will help in strengthening the position of the company in the future.
In January 2019, the Aria Insights (United States) Company launched to turn drone-collected data into actionable intelligence with artificial intelligence. Hence, it will benefit the increased product portfolio of the company.