Overview:

Drone analytics allows enterprises to consume, view, and analyze aerial data collected by drones. The drone captures the data and presents it in 2D and 3D visualizations including slope maps and digital surface models. It helps the players to digitize field operations and optimize infrastructure by mastering drone-captured image, video, LiDAR and other complex data.

Market Dynamics:

Rapid advancements in drone technology and rising demand for drone analytics from various end use industries such as construction, agriculture & forestry, etc. for application such as aerial monitoring, ground exploration, and volumetric calculations are major factors expected to drive growth of the global drone analytics market. In addition, increasing mining and exploration activities across the globe, along with adoption of drone analytics from major players for geolocation tagging and 3D modeling of area is another factor expected to boost the growth of target market.

However factor such as high cost in operation and increasing risk of cyber-attacks are expected to hamper the growth of global drone analytics market.

Key Trends:

Increasing business merger and acquisition activities for business development is the key trend observed in the target market. In 2018, Delair acquired Airware a company focused on providing commercial unmanned aerial vehicles for enterprises. The acquisition was focused to create new technology with new software and high skilled engineers. This acquisition is expected to help the company to enhance the product portfolio and enhance the customer base.

Regional Analysis:

For detailed understanding of market dynamics, the global drone analytics market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounted for the major revenue share in 2018, owing to rising demand from various end use industries. In addition, availability of advanced infrastructure in order to support the adoption of devices, coupled with presence of large number of players operating in the country is another factor expected to boost the growth of target market.

Scope of the Report:

Detailed Segmentation:

Global Drone Analytics Market, By Type:

• On-Premises
• On-Demand

Global Drone Analytics Market, By Application:

• Thermal Detection
• Geolocation tagging
• Aerial monitoring
• Ground exploration
• Volumetric calculations
• 3D Modeling

Global Drone Analytics Market, By Industry:

• Agriculture & Forestry
• Construction
• Insurance
• Mining & Quarrying
• Utility
• Telecommunication
• Others (Oil & Gas, Transportation, and Scientific Research)

Key Players Covered:

Key players operating in the market includes, PrecisionHawk, VIATechnik LLC, Pix4D SA, Kespry Inc., Optelos, HUVRdata, Sentera, Inc., Boeing, Saab AB, Airware, AeroVironment, Inc., DroneDeploy, Delta Drone, Esri, Thales Group, Textron Inc., 3D Robotics, BAE Systems, and Elbit Systems Ltd.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Drone Analytics Market by type, application, industry, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global drone analytics market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.