The report on the Drone Analytics Market is segmented by Industry Type (Agriculture & Forestry, Construction, Insurance, Mining & Quarrying, Utility, Telecommunication, Oil & Gas, Transportation, Scientific Research, and Others), by Application Type (Thermal Detection, Geolocation Tagging, Aerial Monitoring, Ground Exploration, Volumetric Calculations, 3D Modeling, and Others), by Type (On-Premises, On-Demand), by Solution Type (End-To-End Solutions, Point Solutions), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World), It also covers the COVID-19 Impact Analysis and Forecast to 2028.

Market Insights

The drone analytics market was estimated at USD 2.08 billion in 2022 and is likely to grow at a CAGR of 25.32% during 2022-2028 to reach USD 8.06 billion in 2028.

Key players

• Airware
• Agribotix
• AeroVironment, Inc.
• Dronedeploy
• Delta Drone
• ESRI
• Huvrdata
• Kespry Inc.
• Optelos

Report Features

The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –

-        Market structure - as it reflects the value chain of different commodities in the market.

-        Drivers and Constraints - as both can affect any element of the marketing mix -- product, budget, and place, etc.

-        Market Forecast - a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.

-        Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand's strategy.

-        Growth strategies - allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.

Market Highlights

The escalating demand for revolutionary industry-specific investigative solutions that can aid companies to attain actionable insights from the data captured by drones is estimated to drive the global market.

Drone analytics is a method in which drones are used to view and then analyze the data that has been aerially collected by the drone. The data collected are mainly in 2D or 3D views and have options such as digital models and slope maps.

Drone analytics has a wide range of applications today such as in thermal detection, geolocation tagging, aerial monitoring, ground exploration, volumetric calculations, 3D modeling, and others. Agriculture & Forestry, construction, insurance, mining & quarrying, utility, telecommunication, oil & gas, transportation, scientific research, and others are the industries where drone analytics are now used.

COVID-19 IMPACT.

The global pandemic shook the whole world, and the tremors were felt across industries. Covid-19 significantly impacted the drone analytics market in the year 2020, largely due to the implementation of strict lockdowns and restrictions worldwide. Other major reasons leading to the decline were supply chain disruption, logistics challenges, etc. 

Segment Analysis

Based on the industry type, the market is segmented as agriculture & forestry, construction, insurance, mining & quarrying, utility, telecommunication, oil & gas, transportation, scientific research, and others. The construction segment is estimated to witness the highest growth in the coming five years. This growth is owing to the acceptance of analytic solutions for monitoring and progress following at various construction sites. The obtainability of tailor-made solutions is also one of the prime factors influencing the growth in the application of drone analytic solutions in the construction industry during the forecast period.

Based on the type, the market is segmented as on-premises and on-demand. The on-demand segment is expected to register a higher growth rate than the on-premises segment, due to the growing demand for cloud-based drone analytic solutions from industries, such as construction, mining, and agriculture.

Based on the solution type, the market is segmented as end-to-end solutions and point solutions. The end-to-end solutions segment is estimated to register higher growth than the point solutions segment, owing to the rising claim for complete packaged solutions, starting from data collection to data analysis.

In terms of regions, the North American region was the largest market for drone analytics in 2021 and is expected to maintain its dominance during the forecast period. Drivers such as increasing funding for drone analytics and the growing demand for analytical solutions, majorly from the commercial sector, are boosting the drone analytics market in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Critical Questions Answered in the Report

l  What are the key trends in the Drone Analytics Market?

l  How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?

l  What is the impact of COVID-19 on Drone Analytics Market?

l  What are the key strategies adopted by the major vendors to lead in the Drone Analytics Market?

l  What is the market share of the top vendors?

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