Global Drone Analytics Market (2021-2027) by Component, Type, Application, Solution, Industry Vertical and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
The Global Drone Analytics Market is estimated to be USD 3.95 Bn in 2021 and is expected to reach USD 18.2 Bn by 2027, growing at a CAGR of 29%.
Key factors such as the growing demand for drones with high-end IT capabilities such as data analytics and software development is prominently driving the growth of the drone analytics market. Drones have redefined and enhanced the productivity of numerous industries within a short period. Drones have been deployed for security monitoring, safety inspections, asset monitoring and surveillance, storm tracking, logistics, and broadly study the environment by scanning remote areas. Therefore their demand is increasing for commercial applications. Further, a constant need to gather data for monitoring behavior in order to improve the performance of a product or a service has led to a rise in the demand for drone analytics.
The high capital investment requirement is expected to limit the market growth. Also, the growing data security concern is likely to restrict the market growth further.
The Global Drone Analytics Market is segmented further based on Component, Type, Application, Solution, Industry Vertical and Geography.
By Component, the market is classified as hardware, software, and services. Amongst all, the hardware segment is estimated to hold the highest market share during the forecasted period.
By Type, the market is classified as on-premise and on-demand. Amongst all, the on-demand segment is expected to hold the highest market share.
By Application, the market is classified as Thermal Detection, Geolocation Tagging, Aerial Monitoring, Ground Exploration, 3D Modelling, Volumetric Calculations, and others. Amongst all, the 3D Modelling segment is estimated to hold the highest market share.
By Solution, the market is classified as end-to-end solutions and point solutions. The end-to-end solutions segment is estimated to hold the highest market share.
By Industry Vertical, the market is classified as Agriculture & Forestry, Construction, Insurance, Mining & Quarrying, Utility, Telecommunication, Oil & Gas, Transportation, Scientific Research and Others. Amongst all, the construction segment is estimated to hold the highest market share.
By Geography, North America is projected to lead the market.
1. Pix4D has launched PixDmatic which is a photogrammetry software used for carrying out faster and accurate photogrammetry. – 28th September 2020
2. Delta Drone and Bureau Veritas Afrique have partnered to develop solutions together for precision agriculture in Côte d’Ivoire and various other countries in West Africa. The purpose of the agreement is to analyze the ground data with aerial data acquired via drone by Delta Drone to develop a precision-farming product line.- 11th September 2017
Some of the companies covered in this report are Airware, Agribotix, AeroVironment, Inc., Dronedeploy, Delta Drone, ESRI, Huvrdata, Kespry Inc., and Optelos, etc.
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Drone Analytics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrants, Infogence’s Proprietary competitive positioning tool.
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