The Drone Analytics Market is expected to grow from USD 2.71 billion in 2019 to USD 16.55 billion by 2026 at a CAGR of 16.82% from 2020 to 2026.
The drone analytics market has changed rapidly on the back of the necessity for the end-to-end ecosystem that only collects data. Additionally, it offers field intelligence that has vast business value. The trend of extracting in-flight intelligence from drones is a key factor boosting the market. The offering by several service providers that offer infrastructure that combine drone-captured images, videos, and LiDAR has pushed the strides in the market. Over the past few years, cloud-based data visualization and analytics platform are rising in popularity. The proliferating volumes of drone-captured data have pushed the need for artificial intelligence and data science services. The growing trend of precision agriculture is an important factor propelling the demand for extracting intelligence from drone analytics. The trend is gathering traction in developing and developed regions. Such regions are witnessing high uptake of drones to bolster their efficiency and decrease crop waste. Enterprise agriculture businesses are seeing new potential in the market.
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The global Drone Analytics market has been segmented as below:
By Application
Ground exploration
Volumetric calculations
3D Modelling
Others
Thermal Detection
Geolocation tagging
Aerial monitoring
By Type
On-Demand
On-Premises
By Solution
Point Solutions
End to End Solutions
By Industry
Utility
Telecommunication
Oil & Gas
Transportation
Scientific Research
Others
Agriculture & Forestry
Construction
Insurance
Mining & Quarrying
By Region
Europe
North America
Asia Pacific
Rest of The World
Competitive Rivalry
ESRI, Precisionhawk, Viatechnik, Pix4d, Kespry, Airware, Agribotix, Aerovironment, Dronedeploy, Delta Drone, and others are among the major players in the global market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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