Regardless of a company’s size or income, the most recent research report from Quadintel offers a thorough analysis of the global Drone Analytics Market for the years 2023–2030.
The global market report provides statistics and information on the evolution of the investment structure, technological advancements, industry trends and developments, market players’ capabilities, and in-depth details on the major market players. The analysis also includes a summary of the global market strategies that have been implemented in light of the industry’s present and future conditions.
An overview of the Drone Analytics Market, the current state of the industry, market trends, significant market participants, product type, application, and geography are provided at the beginning of the study. It also covers how COVID-19 has affected market participants, end-user industries, future predictions, growth potential, and worldwide market trends.
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Market Overview:
Global Drone Analytics Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2030.
Drone Analytics is used to collect, view, and analyze aerial data collected by drones that help in making vital decisions. Drone analytics are usually adopted by the commercial sector to deal with aerial data and business acumen, which is used in applications like ground exploration, geolocation tagging, aerial monitoring, thermal detection, and others. Factors such as growing demand for drone analytics in industries such as agriculture, mining, logistics, etc., rising need for safe and accurate monitoring, coupled with the increasing usage of drones as Remote Visual Inspection (RVI) tools for critical infrastructure applications are driving the global market growth.
According to the Statista report, the logistics industry worldwide was valued at USD 5.84 trillion and it is anticipated to reach USD 7.01 trillion by the year 2024. Likewise, as per the same source, the drone industry is expected to develop with a compound annual CAGR of 9.4 percent from 2021 to 2026. Thereby, the development of the target end-use industries is burgeoning the market demand across the globe. Moreover, the increasing technological developments in drones and rising advancements in LiDAR technology for commercial drones are presenting various growth prospects to the market over the forecasting years. However, rising data privacy and cyber security concerns and a dearth of skilled professionals are stifling market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Drone Analytics Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the space in terms of revenue, owing to the rising usage of UGVs in military operations, as well as growing investment in the technological developments. Whereas, the Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as integration of the Internet of Things (IoT) in drones, growth of the market industries, and emerging economies.
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Major market players included in this report are:
- 3DR
- AeroVironment, Inc.
- Delair
- Delta Drone SA
- DroneDeploy
- Huvrdata
- Kespry Inc.
- Optelos LLC
- Pix4D SA
- PrecisionHawk
The detailed segments and sub-segment of the market are explained below:
By Type:
On-Premises
On-Demand
By Application:
Ground Exploration
Geolocation Tagging
Aerial Monitoring
Thermal Detection
Others
By End-Use:
Agriculture and Forestry
Construction
Mining and Quarrying
Oil and Gas
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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