DUBLIN--(BUSINESS WIRE)--The "Drone Analytics Market by Type, Application and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global drone analytics market was valued at $2,717.4 million in 2020, and is projected to reach $28,576.5 million in 2030, registering a CAGR of 29.2%.
Drones have shown to be beneficial in more efficiently optimizing data in a variety of industries, including agriculture, building and infrastructure, and oil and gas, generating demand for drone analytics solutions.
The rapid spread of COVID-19 had a significant impact on the global drone analytics market in 2020, owing to the implementation of strict lockdown measures across the world. COVID-19 pandemic led to several challenges for the drone analytics industry such as disruption in the supply chain of essential raw materials, logistics challenges, and others. On the other hand, various countries with the foundations of a drone-friendly environment, such as U.S., UK, China, Germany, and others, were able to quickly mobilize the technology from the start of the pandemic.
Companies are investing substantially in drone analytics solutions, recognizing the market's huge potential. Drone monitoring is usually carried out across construction, oil and gas, and agriculture industries. End users use drone analytics to process and analyze the data acquired from drone monitoring process.
In recent years, the demand for entire drone packages has risen steeply. The amount of data collected by drones has expanded dramatically in recent years, owing to high-resolution cameras being used for image mapping, video capture, and equipment tracking. Drone data, on the other hand, is frequently unstructured. As a result, drone analytics is crucial in converting unstructured data to structured data for better analysis.
Market Dynamics
Drivers
- High demand for drone analytics in commercial applications
- Growing capital investments for the development of new and advanced drone software
Restraints
- Rising concerns over cybersecurity and data security
- Restrictions enforced by regulations
Opportunities
- Incorporation of the internet of things (IoT) in drones and high adoption of autonomous drones
- Technological advancements in drone technologies
Key Players
- 3DR
- AeroVironment, Inc.
- Delair
- Delta Drone SA
- DroneDeploy
- Huvrdata
- Kespry Inc.
- Optelos LLC
- Pix4D SA
- PrecisionHawk
Key Market Segments
By Type
- On-Premises
- On-Demand
By Application
- Ground Exploration
- Geolocation Tagging
- Aerial Monitoring
- Thermal Detection
- Others
By End Use
- Agriculture and Forestry
- Construction
- Mining and Quarrying
- Oil and Gas
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
For more information about this report visit https://www.researchandmarkets.com/r/oai0oi
