DUBLIN, December 17, 2021 / PRNewswire / – The report “Drone Analytics Market Research Report: By Component, Solution, Deployment, Application, Industry – Global Industry Analysis, Trends and Growth Forecast to 2030” has been added to ResearchAndMarkets.com offer.
The global drone analysis market value will experience a CAGR of 32.1% during 2020-2030, to reach $ 45,575.9 million by 2030, from $ 2,815.6 million in 2020.
The main reasons for the growing demand for such solutions are:
- Growing Use of UAVs in Defense and Security Industry: The defense and security industry has historically been a major user of drones, also known as unmanned aerial vehicles (UAVs), for reconnaissance applications, d attack, emergency supply, search and rescue and border patrol. As a result, drone and software companies are offering advanced analytics solutions to defense departments to gather real-time information on sensitive areas, from images and videos captured via drones.
- Growing Use of UAVs for Commercial Applications: With the relaxation of standards for non-military use of UAVs by governments, the demand for such platforms is increasing in commercial applications. Currently, the building and construction, oil and gas, government, metals and mining, insurance, agriculture and media and entertainment sectors are becoming important from the point of view of the advancement of the drone analysis market.
The COVID-19 pandemic has resulted in a reduction in demand for drone analysis solutions due to reduced purchases of drones themselves. Widespread financial distress and stay-at-home orders have forced gamers to cut spending on developing advanced analytics solutions for drone-based imagery. Additionally, hampered production and supply chains have reduced sales of drones, which in turn has resulted in decreased purchases of associated software. In addition, most of the mining, oil and gas, construction and entertainment activities have come to a halt, which further negatively affected the drone analytics market.
In the past, the drone analysis market, in the component segment, was dominated by the hardware category. To be able to use analysis software, companies must first have a drone. Thus, the growing demand for real-time inspection and monitoring, to make data-driven decisions, in many industries is propelling drone sales.
The bifurcation of the end-to-end solution is expected to witness a higher CAGR in the drone analytics market in the coming years. These solutions are complete packaged solutions that meet all business requirements, from data collection to visualization and analysis. Due to the increasing demand for them, market players provide processing, analysis and management capabilities in a single solution.
In the near future, the cloud fork will continue to hold the largest drone analytics market share, depending on the deployment. Cloud-based solutions reduce IT expenses, provide easy scalability of data storage, and make data accessible from any internet-connected device, which is why more and more businesses are turning to cloud computing.
The fastest growth in the applications segment of the drone analysis market in the coming years is expected to be seen in the category of 3D modeling. Since drones can capture images of oblique objects, they are increasingly used to create 3D models. The high resolution images provided by these platforms allow cost efficiency and better efficiency compared to those taken from traditional airborne platforms.
North America contributes to the highest revenues of the drone analysis market due to the increasing demand for such solutions from the oil and gas, agriculture and forestry, as well as energy sectors and utilities. Additionally, to better meet the demands of these and other industries, market players are incorporating improved technologies into their solutions, including machine learning (ML), Internet of Things (IoT), and computer vision. .
The major players in the global drone analysis market are Aerovironment Inc., PrecisionHawk Inc., Pix4D SA, DroneDeploy Inc., Delta Drone SA, Delair SAS, Terra Drone Corporation, Kespry Inc., VIATechnik LLC and Environmental Systems Research Institute Inc.
Main topics covered:
Chapter 1. Research Context
Chapter 2. Research methodology
Chapter 3. Executive summary
Chapter 4. Voices of Industry Experts / KOL
Chapter 5. Definition of market segments
5.1 By component
5.1.1 Hardware
5.1.2 Software
5.1.2.1 Desktop-based
5.1.2.2 Mobile
5.1.3 Services
5.1.3.1 Professional
5.1.3.2 Managed
5.2 By solution
5.2.1 End to end
5.2.2 Points
5.3 By deployment
5.3.1 Cloud
5.3.2 On site
5.4 By application
5.4.1 Thermal detection
5.4.2 Geolocation marking
5.4.3 Aerial surveillance
5.4.4 3D modeling
5.4.5 Soil exploration
5.4.6 Others
5.5 By industry
5.5.1 Agriculture and forestry
5.5.2 Mines and quarries
5.5.3 Logistics and transport
5.5.4 Oil and gas
5.5.5 Construction
5.5.6 Defense and security
5.5.7 Energy and utilities
5.5.8 Insurance
5.5.9 Others
Chapter 6. Industry Outlook
6.1 Market dynamics
6.1.1 Trends
6.1.1.1 Preference for operations beyond visual line of sight (BVLOS) in drones
6.1.1.2 Use of drones for agricultural purposes
6.1.2 Drivers
6.1.2.1 Growing demand for drone solutions in the defense and security industry
6.1.2.2 Extensive use of drones to monitor the movements of individuals
6.1.2.3 Growing Demand for Drone Analysis Solutions in Commercial Applications
6.1.2.4 Impact analysis of engines on market forecasts
6.1.3 Constraints
6.1.3.1 Strict regulations related to drone operations
6.1.3.2 Analysis of the impact of constraints on market forecasts
6.1.4 Opportunities
6.1.4.1 Introduction of intelligent photogrammetry software
6.1.4.2 Growing use of drone solutions in the oil and gas industry
6.2 Value chain analysis
6.3 Porter’s five forces analysis
Chapter 7. Global Market Size and Forecast
7.1 By component
7.1.1 Software, by Type
7.1.2 Service, by type
7.2 By solution
7.3 By deployment
7.4 By application
7.5 By industry
7.6 By region
Chapter 8. North America Market Size and Forecast
8.1 By component
8.1.1 Software, by type
8.1.2 Service, by type
8.2 By solution
8.3 By deployment
8.4 By application
8.5 By industry
8.6 By country
Chapter 9. European Market Size and Forecast
9.1 By component
9.1.1 Software, by type
9.1.2 Service, by type
9.2 By solution
9.3 By deployment
9.4 By application
9.5 By industry
9.6 By country
Chapter 10. APAC Market Size and Forecast
10.1 By component
10.1.1 Software, by Type
10.1.2 Service, by type
10.2 By solution
10.3 By deployment
10.4 By application
10.5 By industry
10.6 By country
Chapter 11. LATAM Market Size and Forecast
11.1 By component
11.1.1 Software, by type
11.1.2 Service, by type
11.2 By solution
11.3 By deployment
11.4 By application
11.5 By industry
11.6 By country
Chapter 12. MEA Market Size and Forecast
12.1 By component
12.1.1 Software, by type
12.1.2 Service, by type
12.2 By solution
12.3 By deployment
12.4 By application
12.5 By industry
12.6 By country
Chapter 13. Main countries
13.1 United States Market Revenue, by Application
13.2 UK Market Revenue, by Application
13.3 China Market Revenue, by Application
13.4 Saudi Arabia Market Revenue by Application
13.5 Brazil Market Revenue, by Application
Chapter 14. Competitive landscape
14.1 List of market players and their offers
14.2 Key Players Market Share Analysis
14.3 Global Strategic Developments in the Market
14.3.1 Partnerships and customer gains
14.3.2 Mergers and Acquisitions
14.3.3 Product launches
Chapter 15. Company Profiles
15.1 Aerovirus inc.
15.1.1 Company overview
15.1.2 Product and service offerings
15.1.3 Key financial summary
15.2 Pix4D SA
15.2.1 Company overview
15.2.2 Product and service offerings
15.3 PrecisionHawk Inc.
15.3.1 Company Overview
15.3.2 Product and service offerings
15.4 DroneDeploy Inc.
15.4.1 Company overview
15.4.2 Product and service offerings
15.5 Delair SAS
15.5.1 Company overview
15.5.2 Product and service offerings
15.6 Delta Drone SA
15.6.1 Company overview
15.6.2 Product and service offerings
15.7 Terra Drone Corporation
15.7.1 Company overview
15.7.2 Product and service offerings
15.8 VIATechnik SARL
15.8.1 Company overview
15.8.2 Product and service offerings
15.9 Kespry Inc.
15.9.1 Company overview
15.9.2 Product and service offerings
15.10 Environmental Systems Research Institute Inc.
15.10.1 Company overview
15.10.2 Product and service offerings
Chapter 16. Appendix
For more information on this report visit https://www.researchandmarkets.com/r/j3j3ke
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