Drone Analytics Market Size, Share, Revenue, Future Trends,...

Drone Analytics Market Size, Share, Revenue, Future Trends, Business Demand and Growth And Forecast 2027

Posted 2022-05-05 05:35:42

Drone Analytics Market Research Report: Information by Type (On-Demand and On-Premise), Solution (End-to-End Solutions and Point Solutions), Application (Geolocation Tagging, Thermal Detection, Aerial Monitoring, Volumetric Calculations, Ground Exploration, 3D Modeling and others), Industry (Construction, Mining and Quarrying, Agriculture and Forestry, Insurance, Utility, Oil & Gas, Transportation, Telecommunications, Scientific Research and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2024

Market Highlights

The growth of the global Drone Analytics Market can be attributed to the increasing adoption of 3D printing for manufacturing drone parts and rising use of advanced drone cameras in the oil & gas, agriculture and forestry, construction industries. However, stringent government regulations regarding drone use and the limited flight range may hinder market growth. For example, in the US, a commercial remote pilot certificate from the Federal Aviation Administration (FAA) is required to fly drones for commercial purposes.

The global drone analytics market has been segmented based on type, solution, application, industry, and region.

On the basis of type, the global drone analytics market has been divided into on-premise and on-demand. The on-demand segment is expected to account for the larger market share and register the higher CAGR during the forecast period of 2019 to 2024. On-demand services offer flexibility, low cost, and customization, which is driving the growth of the segment.

Based on solution, the global drone analytics market has been classified as end-to-end solutions and point solutions. The end-to-end solutions segment dominated the market in 2018 and is expected to register a higher CAGR during the forecast period. End-to-end solutions offer benefits such as enhanced operational efficiency, reduced costs, inter-department communication, and no third-party involvement.

By application, the global drone analytics market has been categorized as geolocation tagging, thermal detection, aerial monitoring, volumetric calculations, ground exploration, 3D modeling, and others. The 3D modeling segment dominated the market in 2018 and is expected to be the fastest-growing during the forecast period. Drones offer capabilities such as real-time color or infrared imagery and external first-person view (FPV) cameras and displays that enable users to receive real-time 3D models and videos of enhanced quality. Additionally, they are compatible with smartphones, which enable users to receive and view 3D models and images on their phones.

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On the basis of industry, the global drone analytics market has been divided into construction, mining and quarrying, agriculture and forestry, insurance, utility, oil & gas, transportation, telecommunications, scientific research, and others. The agriculture and forestry segment dominated the market in 2018. However, the construction segment is expected to exhibit the highest CAGR during the forecast period. Data analytics solutions provided by companies such as Airware enable construction companies to view elevation maps, survey designs through drone mapping, and collaborate with teams on different sites, which is driving the growth of the segment.

Based on region, the global drone analytics market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest market share in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period. The presence of various drone manufacturers such as DJI in China is propelling market growth in the region. Additionally, the rising number of drone analytics startups in developing nations such as India is boosting market growth. For example, in 2018, SenseHawk, a drone analytics startup, raised USD 2 million in a funding round led by SAIF Partners.

Key Players

The key players in the global drone analytics market are 3D Robotics (US), AeroVironment, Inc. (US), AgEagle Aerial Systems, Inc. (US), Airware (US), DroneDeploy (US), Delta Drone (France), Esri (US), VIATechnik LLC (US), PrecisionHawk, Inc. (US), Pix4D SA (France), Kespry (US), Optelos (US), DJI (China), Sentera, Inc. (US), and HUVRdata (US).

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Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Drone Analytics Market, By Type

1.1.2. Global Drone Analytics Market, By Solution

1.1.3. Global Drone Analytics Market, By Industry

1.1.4. Global Drone Analytics Market, By Application

1.1.5. Global Drone Analytics Market, By Region

Market Introduction

2.1. Market Definition

2.2. Scope Of The Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List Of Assumptions

Market Insights
Market Dynamics

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

5.6. Market/Technological Trends

5.7. Patent Trends

5.8. Regulatory Landscape/Standards

Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat Of New Entrants

6.2.2. Bargaining Power Of Buyers

6.2.3. Threat Of Substitutes

6.2.4. Rivalry

6.2.5. Bargaining Power Of Supplies

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