Drone Analytics Market Analysis | 2023-2028

Drone Analytics Market Analysis | 2023-2028

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

Introduction

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.

Market Drivers

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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Key Players

Some of the major players in the market are-

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

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Industry Type Analysis

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.

Type Analysis

On-Premises, On-Demand

The on-demand segment is expected to register a higher growth rate during the forecast period.

Solution Type Analysis

End-To-End Solutions, Point Solutions

The end-to-end solutions segment is estimated to register higher growth during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

North American region was the largest market for drone analytics in 2022 and is expected to maintain its dominance during the forecast period.

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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Research Methodology

  • This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects drone analytics market realities and future market possibilities for the forecast period.
  • The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • 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 15 detailed primary interviews with market players across the value chain in all four regions and 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

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 drone analytics 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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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)

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 was estimated at USD 2.08 billion in 2022.

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

The drone analytics market is likely to grow at a CAGR of 25.32% during 2023-2028.

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

Some of the top 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.

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

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