Global Drone Analytics Market, By Type (On-Premises, On-Demand), Solution (End- To- End Solutions, Point Solutions), Application (Thermal Detection, Geolocation Tagging, Aerial Monitoring, Ground Exploration, Volumetric Calculations, 3D Modeling, Others), End User (Agriculture and Forestry, Construction, Insurance, Mining and Quarrying, Utility, Telecommunication, Oil and Gas, Transportation, Scientific Research, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Drone Analytics Market
The drone analytics market size is valued at USD 24.93 billion by 2028 and is expected to grow at a compound annual growth rate of 28.75% in the forecast period of 2021 to 2028. Data Bridge Market Research report on drone analytics provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Drone analytics is a technique that is used to track, monitor and control the data which is essential to make crucial decisions. They are generally used in commercial sector to tackle aerial data and business acumens. These data analytics is broadly used in applications such as ground exploration, geolocation tagging, volumetric calculations, 3D modelling among others.
The growing capital investments for the development of new and advanced drone software have been directly influencing the growth of drone analytics market over the forecast period of 2021 to 2028. Also the increasing demand for sophisticated industry-specific analytical solutions and high demand for drone analytics in commercial applications are also flourishing the growth of the drone analytics market. Also the increased use of drones in various applications is also positively impacting the growth of the market. Furthermore, the high demand for drones for inspection, monitoring, surveying, and surveillance applications in the agriculture, construction, infrastructure, energy, telecommunications, mining and insurance industries is also acting as an active growth driver towards the growth of the drone analytics market.
However, the rising concerns over cybersecurity and data security as well as the high costs involved in gathering precise data are acting as the major restrictions for the growth of drone analytics in the above mentioned forecasted period, whereas the lack of highly skilled professionals can challenge the drone analytics market growth in the forecast period of 2021 to 2028.
Likewise, the high growth of advanced and complex drone software along with incorporation of the internet of things (IoT) in drones and high adoption of autonomous drones by various law enforcement agencies will further cater ample new opportunities that will lead to the growth of the drone analytics market in the above mentioned forecasted period.
This drone analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the drone analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Drone Analytics Market Scope and Market Size
The drone analytics market is segmented on the basis of type, solution, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The type segment of the drone analytics market is segmented into on-premises and on-demand. On-premises have further been segmented into software and services. Software has further been sub-segmented into desktop-based and mobile. Services have further been sub-segmented into deployment and integration and support and maintenance. On-demand has further been segmented as software as a service. Software as a service has further been sub-segmented as cloud computing.
- On the basis of solution, the drone analytics market is segmented into end- to- end solutions and point solutions.
- The drone analytics market is segmented on the basis of application into thermal detection, geolocation tagging, aerial monitoring, ground exploration, volumetric calculations, 3D modeling and others.
- On the basis of end user, the drone analytics market is segmented into agriculture and forestry, construction, insurance, mining and quarrying, utility, telecommunication, oil and gas, transportation, scientific research and others.
Drone Analytics Market Country Level Analysis
The drone analytics market is analyzed and market size, volume information is provided by country, type, solution, application and end user as referenced above.
The countries covered in the drone analytics market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the drone analytics market due to the high adoption of drone analytics by the business leaders in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rising growth opportunities for drone analytics operations in nations such as China, India and Japan due to rapid expansion of commercial sector within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Drone Analytics Market Share Analysis
The drone analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the drone analytics market.
The major players covered in the drone analytics market report are Delair, AeroVironment, Inc., DroneDeploy, Esri, PrecisionHawk, Inc., Delta Drone, VIATechnik LLC, Pix4D SA, Kespry Inc., Optelos LLC, HUVRdata, Sentera, Inc., BAE Systems, Boeing, Saab AB, Thales Group, Textron Systems, 3DR, Elbit Systems Ltd., and AgEagle Aerial Systems Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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