United State – Global Drone Analytics Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Drone Analytics market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global drone analytics market was US$ 3.5 billion in 2021. The global drone analytics market is forecast to reach US$ 24.6 billion by 2030, registering a compound annual growth rate (CAGR) of 31.4% during the forecast period from 2022 to 2030.
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Drone analytics is the method of analyzing 2D and 3D data captured by the drone aerially. The data is being viewed and analyzed to make certain decisions related to the particular area or building. Rising demand for drones across all verticals, increasing IT spending, demand for advanced drone technology, and requirement for the collection of real-time information are the factors contributing to the growth of the market.
COVID-19 Impact Analysis
The COVID-19 outbreak was a significant drawback for the global drone analytics market. Various countries witnessed an abrupt economic slowdown, which, in turn, declined the demand for efficient drones. Drones are used to monitor areas in mining, construction. Both of these segments had to halt their activities due to the workforce shortage and unavailability of raw material. Thus, the demand for drones lowered suddenly.
Factors Influencing
- The defense and security industry is primarily driving the growth of the global drone analytics market. Unmanned aerial vehicles (UAVs) are adopted to effectively carry out operations in border areas. Moreover, it also helps monitor the crucial points where the chances of attacks are high. As a result, the global drone analytics market will grow during the study period.
- Increasing defense budget in various countries and initiatives of the governments to strengthen border security is forecast to propel the market growth. The U.S. Department of Defense (DOD) allotted around US$7.5 billion in 2021 to obtain drones and other efficient technologies.
- The introduction of cloud-based decision support systems is forecast to benefit the service providers in terms of revenue generation. In addition, the integration of AI has changed the outlook of technology. It has enhanced the ability of drones to collect, save and share data, which is convenient for the end-users. Thus, the increasing awareness related to the benefit and advancements will ultimately fuel the demand for drone analytics systems.
- The high cost involved in drone analytics is forecast to slow down the growth of the market.
Geographic Analysis
North America is forecast to hold the highest share in the global drone analytics market owing to rising government initiatives to boost borders security. Moreover, increasing government funding for drone analytics and the growing penetration of advanced drone analytical solutions even in the commercial sector is forecast to prompt regional growth.
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The rising demand for advanced drones for surveillance and inspection is forecast to benefit the regional market for drone analytics during the forecast period.
Competitors in the Market
- Delta Drone
- AGEagle Aerial Systems
- HUVRdata
- Sentera
- DroneDeply
- PRECISIONHAWK
- Pix4D S
- AeroVironment, Inc.
- VIA Technik LLC
- Delair
- Other prominent players
Market Segmentation
The global drone analytics market segmentation focuses on Type, Application, End-Use, and Region.
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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Insight by Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the global Drone Analytics market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Drone Analytics market over the forecast period?
- What are the factors driving and restraining the market for Drone Analytics?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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