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

Market Drivers:

  • 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

Market Restraints:

  • 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

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2017–2024

Base Year for Market Calculation

2018

Forecasted Period

2019–2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million)

Segments Included

Application, End-User

Regional Coverage

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.
  • Esri
  • 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
  • Others

Drone Analytics Market, by End-User

  • Building and Construction
  • Oil and Gas
  • Agriculture
  • Mining and Quarrying
  • Transportation
  • Scientific Research
  • Insurance
  • Others

Drone Analytics Market, by Region

  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

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

11 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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