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Gardening & Agriculture Gardening & Agriculture General

Drone Analytics Market Insights, Trends, Outlook, and Opportunity 2018 – 2024

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by: Brand Essence
Drone Analytics Market Insights, Trends, Outlook, and Opportunity 2018 – 2024

 

Drone analytics isthe process of analyzing data received from different types of drones to find meaningful patterns and results, which can help in the process of business decisions. Simply, a flying drone is an aircraft without a human pilot on-board. Drones are also known as Unmanned Aerial Vehicles (UAV)

The growing demand for sophisticated industryspecific analytical solutions that can guide to obtain meaningful actionable insights from the data captured by drones and changing trends are expected to promote the drone analytics market.The use of drones in business operations has broadened in different industries in the past few years due to their capability to drive efficiency and data analytics.

Market Dynamics:

Large and small companies are integrating commercial drones into day-to-day workflows and also relying on the data drones provide. Many industries prefer drones over traditional data capture methods due to significant time and costs savings.Drone mapping provides 3X time and costs savings compared to traditional methods. High demand for the done analytics is due to advancements in multi-rotor drone hardware system and extended battery life of drone system that was previously only available in more expensive models.

The demand for commercial drone segment is accelerating due to their increasing use in aerial photography, precision agriculture, and surveillance applications. Images and videos captured by drone system provide high quality image and resolution, which is a major reason behind their application across diverse industries. Furthermore, with the recent advancements, 4K video capable smartphones and televisions have come into foray, which has made customers expect for better video and image quality.

Segment Overview

The global drone analyticsmarket is estimated to register considerableCAGR between 2018 and 2024. The report included a detailed competitive scenario and portfolio of leading vendors operating in drone analytics market all across the world. The report gives detailed segments analysis of drone analyticsmarket in which the report describes the market intotype, industry, application, solution and regional segments. Based on type, Based on type, the on-demand segment is estimated to lead the drone analytics market in near future.

The growing demand from different verticals, such as agriculture, construction, and mining for cloud-based drone analytics solutions is supporting the on-demand segment growth during the forecast period.Based on industry, the agriculture & forestry segment is estimated to lead the drone analytics market in upcoming years.Based on application, the thermal detection segment is estimated to lead the drone analytics market in forecast period.

Type,

  • On-Premises
  • On-Demand

Industry,

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

Application,                                                                          

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

Solution,

  • End to End Solutions
  • Point Solutions

Top Players Like,

  • Airware (US)
  • DroneDeploy (US)
  • Delta Drone (France)
  • Pix4D (Switzerland)
  • PrecisionHawk (US)
  • AeroVironment (US)
  • VIATechnik (US)
  • Esri (US)
  • Kespy (US)
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