Global Drone Analytics Market

By Author: Rupali Dagade
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Global Drone Analytics Market size was valued at US$ 2.28 Bn. in 2019 and the total revenue is expected to grow at 25.65 % through 2020 to 2027, reaching nearly US$ 14.17 Bn.

Global Drone Analytics Market Overview:

The rising preference for aerial machinery for monitoring work, surveillance, security, and commercial displacement has resulted in a growth in the use of Unmanned Aerial Vehicles or Drone. The rising use of Drone has resulted in a rise in demand for technology that performs various operations like collect and analyze the data received by Drone. Drone Analytics consists of Hardware and Software that helps in maintaining, storing, and analyzing the data collected by drones in a simplified manner. An increase in the use of Drone by the defense and commercial sectors has resulted in a rise in the demand for Drone Analytics. The presence of a simplified mechanism, increased demand for a drone from the commercial sector, and ability to analyze large data captured by Drone have resulted in a growth in the Global Drone Analytics Market.

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The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is

Considered a base year however 2020’s numbers are on the real output of the companies in the market.

Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the

impact of lockdown for the next two years on the market. Some companies have done well in lockdown

also and specific strategic analysis of those companies is done in the report.

Global Drone Analytics Market Dynamics:

Drone Analytics processes a large number of pictures captured by drones to create a usable, organized, and cohesive data set. Drone Analytics helps in converting aerially captured data into the formulation of policies and strategies used by businesses. An increase in the use of Drone for monitoring ongoing work has propelled the demand for Drone Analytics by different sectors of the market.

An increase in the use of Drone as a replacement for human life on the battlefield has resulted in a rise in demand for a mechanism that collects and analyze data obtained from the drone. A Drone provides an aerial view of the movement of the enemy on the battlefield and helps in providing high-resolution images in reconnaissance work. An increase in the use of Unmanned Aerial Vehicles and the rising need for a mechanism that generates specific analytical solutions for formulating war policies has resulted in a rise in demand for Drone Analytics by the defense sector.

A Drone provides a 360⁰ view of structure or any geographical location that is used on a large scale by the construction sector for monitoring the ongoing work of skyscrapers and challenging construction works like dams, bridges, and power plants. Drone Analytics software is equipped with the technology to provide slope maps and digital surface models of the surveyed area that helps in formulating future strategies. An increase in the number of services provided like 2D and 3D Visualization has resulted in a growth in demand for Drone Analytics by the construction and geo-survey industries.

Drones have found increased application in the second decade of this century to gather photogrammetry and geospatial data to collect imagery information related to topography, soil types, environmental anomalies, and damage to a region or infrastructure. Drones are now used as a cost-efficient alternative for satellites and helicopters and have found a wide-scale application in the commercial sector. An increase in the demand for a system that develops the data collected by Drone in a simplified manner has propelled the demand for Drone Analytics by the commercial sector.

The rising use of Drone acts as the major driving factor for the growth of the Global Drone Analytics Market.

Restraints:

The increased threat to cybersecurity acts as the major restraining factor here.

Global Drone Analytics Market Segment Analysis:

The Global Drone Analytic Market is segmented

By Type, The mobile nature of the Drone and an increase in demand for cloud-based solutions by the commercial and defense sectors have forecasted the On Demand segment to dominate the Type segment of the Global Drone Analytics Market in the coming years. An increase in demand for UAVs for security purposes has resulted in a 3.3% increase in demand for On-Premises assembly for drone analytics from 2016 through 2020 by the commercial sector.

By Solution, An increase in the demand for complete solution package starting from data collection to presenting end report, the End to End Solutions segment is forecasted to dominate the Solution type segment of the Global Drone Analytics Market in the coming years. The limitations over describing the security details related to defense forces have resulted in a 3.1% increase in demand for Point Solutions in 2019 as compared to the duration of 2015-2018 by the defense sector of countries like China, India, and South Korea.

By Application, The availability of custom-tailored solutions has forecasted the Aerial Monitoring segment to dominate the Application segment of the Global Drone Analytics Market. An increase in the use of Drone for Volumetric Calculation and 3D Modeling has resulted in a 4.8% increase in demand for Drone Analytics from 2018 through 2020 by the construction sector.

An increase in the use of Drone for Ground Exploration has resulted in a 5.1% increase in demand for Drone Analytics from 2018 through 2020 by the Mining sector. The rising preference for the use of UAVs for Thermal detection has resulted in a 6% increase in demand for Drone Analytics from 2017 through 2020 by the government agencies involved in the security of critical and highly important government places.

By End Users, An increase in the use of Drone for collecting and analyzing aerial data has forecasted the Commercial sector to dominate the End User segment of the Global Drone Analytics Market in the coming years. The rising preference for the use of Drone for surveillance and reconnaissance has resulted in a 6.8% increase in demand for Drone Analytics from 2017 through 2020 by the global defense sector.

The increased use of Drone for monitoring construction works and for monitoring the natural disaster-affected regions has resulted in a 3.8% increase in demand for Drone Analytics in 2019 as compared to the duration of 2017 to 2018 by various governments of developed and developing countries.

The presence of a big market that prefers using Drone for commercial and defense purposes has resulted in a 5.8% increase in demand for Drone Analytics from 2017 through 2020 in North America.

An increase in the use of Drone for various research purposes like Geolocation tagging and environmental changes has resulted in a 4% increase in demand for Drone Analytics from 2017 through 2020 in Europe. The rising preference for the use of the drone for monitoring and inspection has resulted in a 2.8% increase in demand for Drone Analytics in 2019 as compared to the duration of 2016-2018 by the construction and mining sectors present in Europe.

The rising use of Drone for research purposes has resulted in a 3.3% increase in demand for Drone Analytics from 2018 through 2020 in the Asia-Pacific. An increase in the geopolitical tension between countries and the rising use of Drone for monitoring and patrolling borders has resulted in a 3.5% increase in demand for Drone Analytics in 2019 as compared to the duration of 2016 to 2018 by the defense sector present in this region.

The Middle East and Africa’s Market is showing a growth rate of 2.8% which is concentrated more in countries like Egypt, Israel, UAE, and Saudi Arabia. The South American market is showing a low growth rate, the reason for which is the limited use of a drone by the commercial sector present in this region.

The objective of the report is to present a comprehensive analysis of the global Drone Analytics market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Drone Analytics market dynamics, structure by analyzing the market segments and Project the global Drone Analytics market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Drone Analytics market make the report investor’s guide.

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Global Drone Analytics Market Scope: Inquire before buying

Global Drone Analytics Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Global Drone Analytics Market Key Players

• Skycatch Inc.
• GE Digital
• Skylark Drones
• AeroVironment Inc.
• Kespry Inc.
• Drone Deploy Inc.
• Delta Drone
• Precision Hawk Inc.
• Dronifi
• Pix4D SA
• Sentera LLC
• Optelos
• DroneSense Inc.
• Neurala Inc.
• Scale AI Inc.

FAQ’S:

1) What is the market share of the Global Drone Analytics Market in 2019?
Answer: The Global Drone Analytics Market was valued at US $ 2.28 Billion in the year 2019.

2) Which is the dominating region for the Global Drone Analytics Market?
Answer: The increased demand for unmanned aerial vehicles by the defense and commercial sector has resulted in making North America the biggest market for Drone Analytics.

3) What are the opportunities for technological development in the Global Drone Analytics Market?
Answer: The use of renewable energy sources for operating Drone and AI-based technology are some of the opportunities for technological development in the Global Drone Analytics Market.

4) Which factor acts as the driving factor for the growth of the Global Drone Analytics Market?
Answer: The rising preference for aerial inspection of ongoing work by the construction, mining, and oil & gas sectors act as the major driving factor for the growth of the Global Drone Analytics Market.

5) What factors are restraining the growth of the Global Drone Analytics Market?
Answer: The lack of highly skilled personnel for operating Drones acts as the major restraining factor for the growth of the Global Drone Analytics Market.

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