Market Overview:

Drone Data Analytics Industry Size is expected to reach USD 14.2 Billion by 2030, registering a CAGR of 28.30% during 2022-2030.

The growth of the global Drone Data Analytics Industry can be attributed to the increasing adoption of 3D printing for manufacturing drone parts and rising use of advanced drone cameras in the oil & gas, agriculture and forestry, construction industries. However, stringent government regulations regarding drone use and the limited flight range may hinder market growth. For example, in the US, a commercial remote pilot certificate from the Federal Aviation Administration (FAA) is required to fly drones for commercial purposes.

The global Drone Data Analytics Industry has been segmented based on type, solution, application, industry, and region.

On the basis of type, the global Drone Data Analytics market has been divided into on-premise and on-demand. The on-demand segment is expected to account for the larger market share and register the higher CAGR during the forecast period of 2020 to 2030. On-demand services offer flexibility, low cost, and customization, which is driving the growth of the segment.

Based on solution, the global Drone Data Analytics market has been classified as end-to-end solutions and point solutions. The end-to-end solutions segment dominated the market in 2018 and is expected to register a higher CAGR during the forecast period. End-to-end solutions offer benefits such as enhanced operational efficiency, reduced costs, inter-department communication, and no third-party involvement.

By application, the global Drone Data Analytics Industry has been categorized as geolocation tagging, thermal detection, aerial monitoring, volumetric calculations, ground exploration, 3D modeling, and others. The 3D modeling segment dominated the market in 2018 and is expected to be the fastest-growing during the forecast period. Drones offer capabilities such as real-time color or infrared imagery and external first-person view (FPV) cameras and displays that enable users to receive real-time 3D models and videos of enhanced quality. Additionally, they are compatible with smartphones, which enable users to receive and view 3D models and images on their phones

Key Players:

Airware in the US, Aerovironment Inc in the US, Eagle aerial system inc in the US, Dronedeploy in the US,Delta drone in France, Esri in the US, PrecisionHawk inc in the US, Viatechnik LLC in the US, Pix 4D SA in France, Kespry in the US, Options in the US, HUVRdata in the US, DJI in china, 3D robotics in the US, Sentera inc in the US

Market Segmentation:

On the basis of industry, the global Drone Data Analytics market has been divided into construction, mining and quarrying, agriculture and forestry, insurance, utility, oil & gas, transportation, telecommunications, scientific research, and others. The agriculture and forestry segment dominated the market in 2018. However, the construction segment is expected to exhibit the highest CAGR during the forecast period. Data analytics solutions provided by companies such as Airware enable construction companies to view elevation maps, survey designs through drone mapping, and collaborate with teams on different sites, which is driving the growth of the segment.

Regional Analysis:

Based on region, the global Drone Data Analytics Industry has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest market share in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period. The presence of various drone manufacturers such as DJI in China is propelling market growth in the region. Additionally, the rising number of drone analytics startups in developing nations such as India is boosting market growth. For example, in 2018, SenseHawk, a drone analytics startup, raised USD 2 million in a funding round led by SAIF Partners.

Full report @ https://www.marketresearchfuture.com/reports/drone-analytics-market-7914

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