PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1164906
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1164906
The Drone Analytics Market size was valued at USD 2,807.1 Million in 2021, expanding at a CAGR of 35.4% from 2022 to 2028.
Drone analytics is widely utilized to collect, analyze, and control data that is critical for making critical decisions. The data is then used in a variety of applications, including construction and mining, to calculate raw material and stockpile quantities in their inventory, allowing them to provide accurate inventory analysis considerably faster than previous techniques.
Market Dynamics:
Rising demand for drones across various end-use industries such as agriculture, military, industrial, and transportation, among others, is expected to be the primary driver of the drone analytics market's growth. Data analytics software is gaining traction in a wide range of drone applications across all industrial sectors. More software developers are working in mature businesses (energy, construction, mining, and quarrying) than in others. Small-scale enterprises, in addition to these mature industries, are now inclined and driven to adopt analytical software tools. Insurance, agriculture, real estate, and transportation are all industries that are looking for and obtaining access to analytical software.
The drone analytics Market is anticipated to be driven by technological advancements such as IoT applications in drones and the development of industry-specific solutions over the forecast years. Furthermore, the growing demand for Drone analytics due to its time effectiveness and adaptability in the application is expected to drive market growth. Furthermore, the growing demand for high-quality data, as well as the emergence of a more robust regulatory framework, are expected to fuel the market during the estimated period.
Geography Insights:
The Asia Pacific is expected to grow at the highest CAGR during the forecast period. Recent modifications in drone legislation in various nations in the region are projected to drive market growth. In the last six years, China has emerged as the worldwide center for drone manufacturing. China accounts for more than 70% of the worldwide civilian drone market. To encourage the use of drones in many industrial sectors, the China government is implementing various subsidy schemes and other advantageous domestic policies. Drone application fields are expanding, which is driving demand for these UAVs in China. The increasing demand for drones for monitoring, inspection, and surveillance applications in the agriculture, construction, infrastructure, energy, mining, telecommunications, and insurance industries is propelling the growth of the China drone analytics industry. Thus, experiencing the highest growth in the region.
Recent Development:
In January 2022, the Federal Aviation Administration (FAA) cleared Beyond Visual Line of Sight (BVLOS) operations for Delek US Holdings' refineries in Texas and Arkansas, according to Percepto, a firm that provides autonomous inspection solutions employing industrial robotics. Following approval, Percepto drones surveyed the facilities and supplied the customer with visual data management and analysis.
In August 2021, the Indian state of Tamilnadu revealed plans to use drones to combat illegal mineral mining by surveying and monitoring approximately 1,700 quarries. The drone survey project is expected to cost USD 3.3 million (INR 25 crore) each year to implement.
Key features of the study:
This proposed research study on the Drone Analytics market provides market size (US$ Million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for the Drone Analytics market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain the Drone Analytics market
The impact of COVID-19 on the Drone Analytics market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the Drone Analytics market post-COVID will also be covered.
To give the users of this report a comprehensive view of the Drone Analytics market, we have also included a competitive landscape and key innovator analysis for the Drone Analytics market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Drone Analytics market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global Drone Analytics market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL DRONE ANALYTICS MARKET KEY PLAYERS
AeroVironment, Inc.
Kespry Inc.
DroneDeploy
Delta Drone
Precision Hawk Inc.
Dronifi
Pix4D SA
Sentera LLC
Optelos
DroneSense Inc.
Neurala Inc.
Scale AI Inc.
GLOBAL DRONE ANALYTICS MARKET, BY DEPLOYMENT
On-Premise
On-Demand
GLOBAL DRONE ANALYTICS MARKET, BY APPLICATION
Thermal Detection
Aerial Monitoring
Ground Exploration
3d Modelling
Others
GLOBAL DRONE ANALYTICS MARKET, BY INDUSTRY VERTICAL
Power & Utility
Construction & Infrastructure
Oil & Gas
Agriculture
Transportation & Logistics
Others
GLOBAL DRONE ANALYTICS MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA