This report was recently updated on November 15 2024 with the latest and most recent
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Global Drone Analytics Market Size, Trends & Analysis - Forecasts to 2026 By Type (On-Premises, On-Demand), By Industry (Agriculture & Forestry, Construction, Insurance, Mining & Quarrying, Utility, Telecommunication, Oil & Gas, Transportation, Scientific Research, Others), By Application (Thermal Detection, Geolocation Tagging, Aerial Monitoring, Ground exploration, Volumetric Calculations, 3D Modelling, Others), By Solution (End to End Solutions, Point Solutions), By Region (North America, Europe, Asia Pacific, CSA, MEA); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Drone Analytics Market Insights
The global drone analytics market is estimated to witness a significant CAGR during the forecast period (2020-2026). Growing demand for drone analytics in commercial applications and the growing usage of drones in other applications are some of the major factors driving the market growth. The increasing investment for the development of new and advanced done software, and growing demand for drones for monitoring, inspection, surveying, and surveillance applications in the construction, agriculture, and mining, among others, drive the productive growth of the market. Moreover, an increase in the usage of drones to gain flight information systems and cloud-based data visualization and analytics platform also boosts the growth of the market. However, stringent government regulations, rising concerns over cybersecurity/data security, and high cost in gathering data are some of the factors restraining the growth of the market.
Drone Analytics Market Size: By Application
Based on application, the market is segmented into thermal detection, geolocation tagging, aerial monitoring, ground exploration, volumetric calculations, and 3D modeling, among others. The thermal detection segment is projected to hold the largest market share during the forecast period. The growing demand for analytical solutions for thermal detection from industries such as oil & gas, construction, and agriculture, among others, drives the market growth.
Drone Analytics Market Size: By Industry
Based on industry, the market is segmented into agriculture & forestry, construction, insurance, mining & quarrying, utility, telecommunication, oil & gas, transportation, and scientific research, among others. The construction segment is projected to grow at a high CAGR during the forecast period. The increasing number of customized applications and the growing use of drone analytics solutions in the construction industry are some of the factors driving the market growth.
Drone Analytics Market Size: By Type
Based on type, the market is segmented into on-premises, and on-demand. The on-demand segment is expected to grow at a high CAGR during the forecast period, due to rising demand from industries such as agriculture, manufacturing, and mining for cloud-based drone analytics solutions is one of the significant factors driving the growth of the market.
Drone Analytics Market Size: By Solution
Based on solution, the drone analytics market is segmented into end to end solutions, and point solutions. The end to end solutions segment is expected to grow at a high CAGR due to growing demand for complete packaged solutions beginning from data collection to data analysis.
Drone Analytics Market Size: By Region
Based on region, the global drone analytics market segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America region is expected to hold the largest market share during the forecast period due to the increasing demand for analytical solutions from the commercial sector, and rising need for analytics in improving services industries, are some of the factors driving the market growth. Moreover, an increase in government funding for research & development activities is also propelling the market growth. Furthermore, Asia Pacific region is expected to grow at a high CAGR during the forecast period.
Drone Analytics Market Share & Competitor Analysis
Some of the key players operating in the drone analytics market include: Aerovironment, Dronedeploy, Airware, Agribotix, Precisionhawk, Viatechnik, Pix4d, Delta Drone, ESRI, Kespry, Optelos, Huvrdata, and Sentera among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Drone Analytics Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Drone Analytics Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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