Drone Analytics Market Size to Grow by USD 5,269.4
Million, Majority of Growth to Originate from North
America
The global drone analytics industry revenue reached USD 5,269.4 Million in
2021. This market is forecast to grow at a compound annually growth rate
(CAGR), of 23%, between 2023-2032.
Are you ready? Let’s dive in!
The main factors driving market growth are the increasing demand for drones
as well as surging global IT spending, increasing preference for flight intelligence,
escalating number of advancements for better drone development, and growing
need for gathering real-time information on a specific area or building. The
market's major driver is the ability to analyze and monitor data to provide
advanced insights that require less human intervention.
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Demand in the Market:
In recent years, whole drone packages have seen a dramatic rise in demand.
Drone usage has led to an increase in the demand for technology that performs
different operations such as collecting and analysing data. High-resolution
cameras used to capture video, image mapping and equipment tracking have
led to a dramatic increase in the amount of drone data. Drone data can be
unstructured, however. Drone analytics can be used to convert unstructured
data into structured data that can then be used for analysis.
Global Drone Analytics Market growth has been driven by a simplified drone
operation, rising demand from the commercial sector for drones, and the ability
of Drone to analyze large quantities of data. The drone analytics market is being
driven by factors such as the increased funding for drone analysis and the
increasing demand from the regional commercial sector for analytical solutions.
The main driver of this growth is the increasing demand for advanced industryspecific analytical tools that enable companies to gain actionable insight from
drone data.
Market Restraining Feature:
- Uncertain regulatory scenario: Over the past couple of years, there have been
significant increases in the adoption and use of drone analytics. However, there
are a few gaps in regulations and norms for this field in many underdeveloped
and emerging countries. Additionally, drone operators may violate regulations
if there are disputes between any state or municipal norms that regulate
airspace property rights.
-The main factor that keeps you from falling prey to cybersecurity is the
increased threat.
-Global Drone Analytics Market is hindered by the lack of highly-skilled
personnel to operate Drones.
Table: Global Drone Analytics Market Report Coverage
Attribute
Details
Market Size in 2021
Growth Rate
Historical Years
Base Year
Quantitative Units
USD 5,269.4 Mn
23.3%
2016-2020
2021
USD In Mn
Company Overview
Financial Highlights
Product Portfolio
SWOT Analysis
Key Strategies and Developments and more...
North America, Europe, Asia-Pacific, South America,
Middle East & Africa
United States, Canada and Mexico, Germany, France,
UK, Russia and Italy, China, Japan, Korea, India and
Southeast Asia, Brazil, Argentina, Colombia etc. Saudi
Arabia, UAE, Egypt, Nigeria and South Africa
Revenue analysis, Manufacturers Analysis, Volume
by Manufacturers, Company Share Analysis, Key
segments, Key company analysis, Market Trends,
Competitive landscape, Distribution Channel, Market
Dynamics, COVID-19 Impact Analysis, Strategy for
existing players to grab maximum market share and
more...
Competitive analysis
Regional Scope
Country Scope
Report coverage
No. of Pages in Report
No. of Tables & Figures
Format
Sample Report
200+ Pages
150+
PDF/Excel
Available - Click here to Get a Sample Report
Recent development
1.Percepto was a creator and manufacturer of autonomous drone technology.
In November 2021, Percepto launched a novel drone with advanced AI-powered
analytics to its 2022 Autonomous Inspection & Monitoring platform.
2. In May 2021, AeroVironment Inc. announced that it has completed the
previously announced acquisition of
Telerob Gesellschaft fur
Fernhantierungstechnik mbh. The acquisition will expand the company's
portfolio intelligent, multi-domain robotic system, which includes small and
medium unmanned aircraft systems (UASs), tactical missile systems (UGVs), and
unmanned ground vehicle (UGVs).
3. DroneDeploy Inc. has expanded its product lines in July 2019 to address the
growing demand for a single platform that can handle all drone operations. The
new products include workflow integration, drone operations management and
inspection with manual flight.
Competitive arena
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Airware
Pix4D
DroneDeploy
PrecisionHawk
Delta Drone
VIATechnik
AeroVironment
Esri
Other Key Players
Market Segmentation Evaluated in the Report:
Classified Applications of Drone Analytics Market:
 Aerial Monitoring
 Thermal Detection
 3D Modeling
 Ground Exploration
By Deployment
 On-demand
 On-premise
By End-Use
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Transportation & Logistics
Construction & Infrastructure
Power & Utility
Agriculture
Oil & Gas
Other End-Uses
Promising Regions & Countries
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North America (the United States, Canada and Mexico)
Asia-Pacific (Japan, China, India, Australia etc)
Europe (Germany, UK, France etc)
Central and South America (Brazil, Argentina etc)
The MiddleEast and Africa (United Arab Emirates, Saudi Arabia, South
Africa etc)
Frequently Asked Questions:
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What is Drone Analytics Market?
How wide can Drone Analytics Market be spread?
What are the leading players in Drone Analytics Market?
Which segment is expected to dominate the Drone Analytics Market?
What is the Drone Analytics Market's projected size and growth rate?
What are the top players in Drone Analytics Market?
What could be driving Drone Analytics Market growth?
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