COVID19:Global Drone Analytics Market is estimated to reach USD 6 Billion by 2024
Drone Analytics Market: Summary
The Global Drone Analytics Market is estimated to reach USD 6 Billion by 2024 at a CAGR of 25.3%.
Drone is commonly referred as the unmanned aerial vehicle, which is operated through the software-controlled flight plans in order to carry out specific functions such as transportation, surveillance, monitoring across various industries. Apart from data collection, these small aerial vehicles are used to analyze the data through the actionable field intelligence in order to favor the smart and rapid decision making. Due to this advantage, it is used across various industries such as Oil and Gas, Mining, Construction, Agriculture and many others.
Drone Analytics Market: Drivers & Restraints
- Rising Adoption of Drones for Commercial Application
The demand for drones are increasing day by day, owing to its advantages. These are rapidly absorbed in the commercial areas such as agriculture, insurance, construction, mining, etc. It is mainly used to gain better insights regarding planning, monitoring changes, tracking the process and security in the commercial application areas. In addition to this, use of drones for commercial purpose provides higher profitability and productivity, which is increasing its demand. Moreover, increasing investment of the commercial drones across the globe, is projected to spur the market growth. With relaxation of regulation by Federal Aviation Administration (FAA), drone usage for commercial purpose is anticipated to increase the demand for drones for commercial application.
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- Rapid and Accurate Analysis Provided by The Drone Analytics
Drone gained popularity since last decade owing to its advantages such as less or no human interference, higher ability to gather data, easy access to challenging areas, and also saves times and cost to a certain extent. Apart from this, these are mostly adopted owing to its faster and accurate analytics, which helps the end-users to comprehend and project the operating performance in more appropriate way. This advantages with the drone analytics, further pushes its demand
- High Cost of Drone Analytics
Drone Analytics has gained huge attention from the commercial sector, however, the high cost of the drone analytics is emerged as a roadblock for the growth of the market. The cost of the analytics is directly linked with the cost associated to collecting the precise data, monitoring, and further analyzing in order to offer insights to the end-users.
Drone Analytics Market: Key Segments
- Key Segments by Application: Land and Environmental Planning, Geographical Mapping, 3D Modelling, Thermal Detection and Others
- Key Segments by End Users: Building and Construction, Oil and Gas, Agriculture, Mining and Quarrying, Transportation, Scientific Research, Insurance and Others
- Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
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Drone Analytics Market: Report Scope
The report on the drone analytics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019–2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million)
Asia-Pacific, North America, Europe, Middle East & Africa and South America
dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
KEY Companies Covered
- Delta Drone SA (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- SZ DJI Technology Co., Ltd.
- Pix4D SA
- Viatechnik LLC
- Ageagle Aerial Systems Inc.
- PrecisionHawk, Inc.
- Unmanned Innovation, Inc.
- Kespry Inc.
- Sentera, Inc.
- Other Key Companies
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Drone Analytics Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Drone Analytics Market, by Application
- Land and Environmental Planning
- Geographical Mapping
- 3D Modelling
- Thermal Detection
Drone Analytics Market, by End-User
- Building and Construction
- Oil and Gas
- Mining and Quarrying
- Scientific Research
Drone Analytics Market, by Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
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Table of Content
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 Drone Analytics Market By Application, Market Size In Usd Million (2017–2024)
7 Drone Analytics Market By Technology, Market Size In Usd Million (2017–2024)
8 Drone Analytics Market By Region, Market Size In Usd Million (2017–2024)
9 Competitive Landscape
10 Company Profiles
About Forencis Research
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