Market Overview:
Drone analytics market industry is projected to grow from USD 3.2 Billion in 2023 to USD 14.03 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 28.30% during the forecast period (2023 - 2030).
The growth of the Drone Analytics Market Trends 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 data analytics market research has been segmented based on type, solution, application, industry, and region.
On the basis of type, the 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 2020 to 2030. On-demand services offer flexibility, low cost, and customization, which is driving the growth of the segment.
Based on solution, the Drone Data 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 Drone Analytics Market Trends has been categorized as geolocation tagging, thermal detection, aerial monitoring, volumetric calculations, ground exploration, 3D modeling, and others. The 3D modelling 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
Key Players:
Drone Data Analytics Market players are Airware in the US, Aerovironment Inc in the US, Eagle aerial system inc in the US, Dronedeploy in the US,Delta drone in France, Esri in the US, PrecisionHawk inc in the US, Viatechnik LLC in the US, Pix 4D SA in France, Kespry in the US, Options in the US, HUVRdata in the US, DJI in china, 3D robotics in the US, Sentera inc in the US
Market Segmentation:
Industry Insight
The Drone Analytics Market Trends 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.
Regional Analysis:
Based on region, the global Drone Analytics Market Trends 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 start-ups in developing nations such as India is boosting market growth. For example, in 2018, SenseHawk, a drone analytics start up, raised USD 2 million in a funding round led by SAIF Partners.
Related reports:
Drone Services Market Research Report: Information by Solution (Enterprise and Point), Type (Drone Platform Services, Drone MRO Services and Drone Training & Education Services), Platform (Cloud-Based and Operator Software), Duration (Short Duration Services and Long Duration Services), Industry (Agriculture, Infrastructure, Logistics, Media & Entertainment, Oil & Gas, Security, Search & Rescue, Utility & Power, Mining, Insurance, Scientific Research and others), Application (Data Acquisition &)-2027
Agriculture Drones Market Research Report: By Type (Fixed Wing, Rotary Blade, and Hybrid), By Component (Hardware [Cameras, Batteries, Motors, Electronic Speed Controller {ESC}, Flight Controller, Radio Receiver, GPS/GNSS/GIS, and Others] and Software [Data Management, Image Processing, Data Analytics, and Others]), By Application (Irrigation Monitoring, Soil and Crop Field Analysis, Planting and Pesticide Spraying, Field Mapping, Crop Scouting, and Others), By Region (North America, Europe, Asia-Pacific, Middle East & Africa-2027
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