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  • Drone Analytics Market Growth & Forecast Analysis | 2023-2028

    Drone Analytics Market Growth & Forecast Analysis | 2023-2028

    Drone Analytics Market Growth & Forecast Analysis | 2023-2028
    Report code - SRAD275 Delivery - 2 Weeks
    Drone Analytics Market Size, Share, Trends, Dynamics, Growth, & Forecast Analysis See more...

    Market Insights

    The drone analytics market was estimated at USD 2.08 billion in 2022 and is likely to grow at a CAGR of 25.2% during 2023-2028 to reach USD 8.06 billion in 2028.

    Drone-Analytics-Market-Insights

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    What is drone analytics?

    Drone analytics is a method in which drones are used to view and then analyze the data that has been aerially collected by the drone. The data collected are mainly in 2D or 3D views and have options such as digital models and slope maps.

    Drone analytics has a wide range of applications today such as in thermal detection, geolocation tagging, aerial monitoring, ground exploration, volumetric calculations, 3D modeling, and others. Agriculture & Forestry, construction, insurance, mining & quarrying, utility, telecommunication, oil & gas, transportation, scientific research, and others are the industries where drone analytics are now used.

    COVID-19 IMPACT.

    The global pandemic shook the whole world, and the tremors were felt across industries. Covid-19 significantly impacted the drone analytics market in the year 2020, largely due to the implementation of strict lockdowns and restrictions worldwide. Other major reasons leading to the decline were supply chain disruption, logistics challenges, etc.

    Drone Analytics Market Highlights

    Market Size in 2022

    USD 2.08 billion

    Market Size in 2028

    USD 8.06 billion

    Market Growth (2023-2028)

    25.2% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Segments Covered

    By Industry Type (Agriculture & Forestry, Construction, Insurance, Mining & Quarrying, Utility, Telecommunication, Oil & Gas, Transportation, Scientific Research, and Others),

    By Application Type (Thermal Detection, Geolocation Tagging, Aerial Monitoring, Ground Exploration, Volumetric Calculations, 3D Modeling, and Others),

    By Type (On-Premises, On-Demand),

    By Solution Type (End-To-End Solutions, Point Solutions),

    By Region.

    Key Players

    Some of the major players in the market are-

    • Airware
    • Agribotix
    • AeroVironment, Inc.
    • Dronedeploy
    • Delta Drone
    • ESRI
    • Huvrdata
    • Kespry Inc.
    • Optelos

    Market Dynamics

    The escalating demand for revolutionary industry-specific investigative solutions that can aid companies to attain actionable insights from the data captured by drones is estimated to drive the global market.

    Drone-Analytics-Market-Dynamics

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    Segments' Analysis

    By Industry Type

    Based on the industry type, the market is segmented as agriculture & forestry, construction, insurance, mining & quarrying, utility, telecommunication, oil & gas, transportation, scientific research, and others. The construction segment is estimated to witness the highest growth in the coming five years. This growth is owing to the acceptance of analytic solutions for monitoring and progress following at various construction sites. The obtainability of tailor-made solutions is also one of the prime factors influencing the growth in the application of drone analytic solutions in the construction industry during the forecast period.

    By Type

    Based on the type, the market is segmented as on-premises and on-demand. The on-demand segment is expected to register a higher growth rate than the on-premises segment, due to the growing demand for cloud-based drone analytic solutions from industries, such as construction, mining, and agriculture.

    By Solution Type

    Based on the solution type, the market is segmented as end-to-end solutions and point solutions. The end-to-end solutions segment is estimated to register higher growth than the point solutions segment, owing to the rising claim for complete packaged solutions, starting from data collection to data analysis.

    Regional Insights

    In terms of regions, the North American region was the largest market for drone analytics in 2022 and is expected to maintain its dominance during the forecast period. Drivers such as increasing funding for drone analytics and the growing demand for analytical solutions, majorly from the commercial sector, are boosting the drone analytics market in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Drone-Analysis-Market-Regional-Insights

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Industry Type

    • Agriculture & Forestry
    • Construction
    • Insurance
    • Mining & Quarrying
    • Utility
    • Telecommunication
    • Oil & Gas
    • Transportation
    • Scientific Research
    • Others

    By Application Type

    • Thermal Detection
    • Geolocation Tagging
    • Aerial Monitoring
    • Ground Exploration
    • Volumetric Calculations
    • 3D Modeling
    • Others

    By Type

    • On-Premise
    • On-Demand

    By Solution Type

    • End-To-End Solutions
    • Point Solutions

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Drone-Analytics-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Drone Analytics Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The drone analytics market was estimated at USD 2.08 billion in 2022.

    The drone analytics market is likely to reach USD 8.06 billion in 2028.

    Drone analytics is a method in which drones are used to view and then analyze the data that has been aerially collected by the drone. The data collected are mainly in 2D or 3D views and have options such as digital models and slope maps. Drone analytics has a wide range of applications today such as in thermal detection, geolocation tagging, aerial monitoring, ground exploration, volumetric calculations, 3D modeling, and others. Agriculture & Forestry, construction, insurance, mining & quarrying, utility, telecommunication, oil & gas, transportation, scientific research, and others are the industries where drone analytics are now used.

    The drone analytics market is likely to witness an impressive CAGR of 25.32% during the forecast period.

    The North American region was the largest market for drone analytics in 2022.

    Some of the major players in the market are Airware, Agribotix, AeroVironment, Inc., Dronedeploy, Delta Drone, ESRI, Huvrdata, Kespry Inc., and Optelos.

    The construction segment is expected to witness the highest growth in the market in the coming five years.

    The end-to-end solutions segment is expected to register higher growth in the market in the coming years.

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