Global Drone Analytics Market (2021-2027) by Component, Type, Application, Solution, Industry Vertical and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
Introduction
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%.
Market Dynamics
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.
Market Segmentation
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.
Recent Developments
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
Company Profiles
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.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
- 1 Report Description
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Currency
- 1.4 Years Considered
- 1.5 Language
- 1.6 Key Shareholders
- 2 Research Methodology
- 2.1 Research Process
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Size Estimation
- 2.4 Assumptions of the Study
- 2.5 Limitations of the Study
- 3 Executive Summary
- 4 Market Overview
- 4.1 Introduction
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.1.1 High demand for drones proficient with higher IT capabilities
- 4.2.1.2 Increasing Demand for Drone Analytics in diverse commercial Applications
- 4.2.1.3 Need for real-time data capabilities to monitor behaviour and improve performance
- 4.2.2 Restraints
- 4.2.2.1 High Costs Involved in Gathering Precise Data
- 4.2.2.2 Growing Data Security issues
- 4.2.3 Opportunities
- 4.2.3.1 Increasing collaborations amongst the market players
- 4.2.3.2 Increasing Capital Investments for the Development of New and Advanced Drone Software
- 4.2.3.3 Emergence of the Internet of Things (IoT) in Drones
- 4.2.4 Challenges
- 4.2.4.1 Lack of qualified personnel
- 4.2.4.2 Regulatory limitations imposed on developing and supporting these emerging technologies
- 4.3 Trends
- 5 Market Analysis
- 5.1 Porter’s Five Forces Analysis
- 5.2 Impact of COVID-19
- 5.3 Ansoff Matrix Analysis
- 6 Global Drone Analytics Market, By Component
- 6.1 Introduction
- 6.2 Hardware
- 6.3 Software
- 6.3.1 Desktop-based
- 6.3.2 Mobile
- 6.4 Service
- 6.4.1 Professional
- 6.4.2 Managed
- 7 Global Drone Analytics Market, By Type
- 7.1 Introduction
- 7.2 Overview
- 7.3 On-Premises
- 7.3.1 Software
- 7.3.2 Desktop-Based
- 7.3.3 Mobile
- 7.4 Services
- 7.4.1 Deployment & Integration
- 7.4.2 Support & Maintenance
- 7.5 On-Demand
- 7.5.1 Cloud computing
- 8 Global Drone Analytics Market, By Application
- 8.1 Introduction
- 8.2 Thermal Detection
- 8.3 Geolocation Tagging
- 8.4 Aerial Monitoring
- 8.5 Ground Exploration
- 8.6 Volumetric Calculations
- 8.7 3D Modeling
- 8.8 Others
- 9 Global Drone Analytics Market, By Solution
- 9.1 Introduction
- 9.2 End-To-End Solutions
- 9.3 Point Solutions
- 10 Global Drone Analytics Market, By Industry Vertical
- 10.1 Introduction
- 10.2 Agriculture & Forestry
- 10.3 Construction
- 10.4 Insurance
- 10.5 Mining & Quarrying
- 10.6 Utility
- 10.7 Telecommunication
- 10.8 Oil & Gas
- 10.9 Transportation
- 10.10 Scientific Research
- 10.11 Others
- 11 Global Drone Analytics Market, By Geography
- 11.1 Introduction
- 11.2 North America
- 11.2.1 US
- 11.2.2 Canada
- 11.2.3 Mexico
- 11.3 South America
- 11.3.1 Brazil
- 11.3.2 Argentina
- 11.4 Europe
- 11.4.1 UK
- 11.4.2 France
- 11.4.3 Germany
- 11.4.4 Italy
- 11.4.5 Spain
- 11.4.6 Rest of Europe
- 11.5 Asia-Pacific
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4 Indonesia
- 11.5.5 Malaysia
- 11.5.6 South Korea
- 11.5.7 Australia
- 11.5.8 Russia
- 11.5.9 Rest of APAC
- 11.6 Rest of the World
- 11.6.1 Qatar
- 11.6.2 Saudi Arabia
- 11.6.3 South Africa
- 11.6.4 United Arab Emirates
- 11.6.5 Latin America
- 12 Competitive Landscape
- 12.1 IGR Competitive Quadrant
- 12.2 Market Share Analysis
- 12.3 Competitive Scenario
- 12.3.1 Mergers & Acquisitions
- 12.3.2 Agreement, Collaborations, & Partnerships
- 12.3.3 New Product Launches & Enhancements
- 12.3.4 Investments & Fundings
- 13 Company Profiles
- 13.1 Airware Inc (Delair)
- 13.2 Agribotix (AgEagle Aerial Systems Inc)
- 13.3 Aerovironment
- 13.4 Dronedeploy
- 13.5 Delta Drone
- 13.6 ESRI
- 13.7 Precisionhawk
- 13.8 Viatechnik
- 13.9 Pix4D (Parrot)
- 13.10 Kespry Inc
- 13.11 Optelos
- 13.12 Huvrdata
- 13.13 Dronifi
- 13.14 Sentera LLC
- 13.15 Optelos
- 13.16 HUVRdata
- 13.17 Boeing
- 13.18 Saab AB
- 13.19 Thales Group
- 13.20 Textron Inc.
- 13.21 3D Robotics
- 13.22 BAE Systems
- 13.23 Elbit Systems
- 14 Appendix
- 14.1 Questionnaire
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