Market Overview:
Drone Data Analytics Industry Size is expected to reach USD 14.2 Billion by 2030, registering a CAGR of 28.30% during 2022-2030.
The growth of the global Drone Data Analytics Industry can be attributed to the increasing adoption of 3D printing for manufacturing drone parts and rising use of advanced drone cameras in the oil gas, agriculture and forestry, construction industries. However, stringent government regulations regarding drone use and the limited flight range may hinder market growth. For example, in the US, a commercial remote pilot certificate from the Federal Aviation Administration (FAA) is required to fly drones for commercial purposes.
Based on type, solution, application, industry, and geography, the worldwide drone data analytics market has been divided into sub-sectors.
The worldwide drone data analytics market has been segmented into two types: on-premise and on-demand. During the projected period of 2020 to 2030, the on-demand category is anticipated to have a greater market share and experience a higher CAGR. The segment is expanding because of the flexibility, affordability, and customisation offered by on-demand services.
End-to-end solutions and point solutions are the two categories under which the worldwide drone data analytics market has been divided. The market was dominated by the end-to-end solutions category in 2018 and is anticipated to grow at a faster CAGR in the coming years. End-to-end solutions have advantages including increased operational effectiveness, lower costs, departmental collaboration, and no involvement from outside parties.
The geolocation tagging, thermal detection, aerial monitoring, volumetric calculations, ground investigation, and 3D modelling are some of the applications that fall under the umbrella of the worldwide drone data analytics industry. During the projection period, the strongest growth is anticipated for the 3D modelling sector, which dominated the market in 2018. Drones have features like external first-person view (FPV) cameras and displays, real-time colour or infrared imagery, and other features that allow users to receive high-quality, real-time 3D models and videos. Additionally, they work with smartphones, allowing users to download and view 3D models and images on their phones.
Key Players:
Airware in the US, Aerovironment Inc in the US, Eagle aerial system inc in the US, Dronedeploy in the US,Delta drone in France, Esri in the US, PrecisionHawk inc in the US, Viatechnik LLC in the US, Pix 4D SA in France, Kespry in the US, Options in the US, HUVRdata in the US, DJI in china, 3D robotics in the US, Sentera inc in the US
Market Segmentation:
The construction, mining and quarrying, agriculture and forestry, insurance, utility, oil gas, transportation, telecommunications, scientific research, and others are the different industries that make up the worldwide drone data analytics market. In 2018, the market was led by the category for agriculture and forestry. But during the forecast period, the construction segment is anticipated to have the highest CAGR. Construction companies can now view elevation maps, survey designs using drone mapping, and collaborate with teams on various sites thanks to data analytics solutions offered by businesses like Airware, which is fueling the segment's expansion.
Regional Analysis:
The global drone data analytics market has been broken down into five regions based on geography: North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. In 2018, North America held the greatest market share. However, during the projection period, the market in Asia-Pacific is anticipated to have the greatest CAGR. The expansion of the regional drone industry is being fueled by the presence of several drone manufacturers in China, including DJI. The market is expanding as a result of the increased number of drone analytics firms in developing countries like India. For instance, the drone analytics business SenseHawk raised USD 2 million in an investment round that was spearheaded by SAIF Partners in 2018.
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