Market Insights
According to this report, the drone analytics market was estimated at USD 2.08 billion in 2022 and is likely to grow at a CAGR of 25.32% during 2022-2028 to reach USD 8.06 billion in 2028.
The methodology involves collecting and analyzing crucial data regarding products, and services offered in the market. This report assists the users to gain a better understanding of market developments and aids in business growth. This report is the result of a thorough analysis of customer spending habits, business target market, challenges, and competitors in the market.
Key players
Key players operating in the Drone Analytics Market are-
- Airware
- Agribotix
- AeroVironment, Inc.
- Dronedeploy
- Delta Drone
- ESRI
- Huvrdata
- Kespry Inc.
- Optelos
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.
Segment Analysis
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.
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.
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.
In terms of regions, the North American region was the largest market for drone analytics in 2021 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.
The report will help you find answers to these questions -
What are the key trends in the Drone Analytics Market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
What is the impact of COVID-19 on the Drone Analytics Market?
What are the key strategies adopted by the major vendors to lead in the global Drone Analytics Market?
What is the market share of the top vendors?
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