Drone Analytics Market Research Report: By Component (Hardware, Software, Mobile, Service), Solution (End-to-End Solution, Point Solution), Deployment (Cloud, On-Premises), Application (Thermal Detection, Geolocation Tagging, Aerial Monitoring, 3D Modeling, Ground Exploration), Industry (Agriculture & Forestry, Mining & Quarrying, Logistics & Transportation, Oil & Gas, Construction, Defense & Security, Energy & Utilities, Insurance) - Global Industry Analysis, Trends and Growth Forecast to 2030

  • Published: May 2020
  • Report Code: IM12011
  • Available Format: PDF
  • Pages: 174

Market Outlook

The drone analytics market revenue stood at $2,614.3 million in 2019, and the market is predicted to advance at a CAGR of 29.8% between 2020 and 2030. The market is being driven by the burgeoning requirement for unmanned aerial vehicles (UAVs), or drones, in the defense & security sector, growing usage of UAVs for tracking the movement of individuals, and surging demand for drone analytics solutions for various commercial purposes.

Drone Analytics Market Outlook

Segmentation Analysis of Drone Analytics Market

The hardware component category held the largest share in the market for drone analytics solutions in 2019. This was because of the large-scale usage of UAVs in various industries and huge demand for real-time insights for data-driven decision making and enhanced monitoring services.

The end-to-end solution category is predicted to demonstrate the faster growth in the market for drone analytics solutions in the coming years, under the solution segment. This will be because of the soaring demand for a complete packaged solution for fulfilling data visualization and collection and various other business purposes. Due to these factors, industry players are increasingly focusing on providing a complete package that includes image analysis, management, and processing solutions.

The cloud category held the larger revenue share in the drone analytics market from 2014 to 2019, under the deployment segment. This was because of the large-scale adoption of the cloud in various sectors on account of its ability to provide a greater flexibility in data access, significant reduction in information technology (IT) expenditure, and a high data storage capacity. Moreover, the adoption of cloud-based drone analytics solutions allows end users to plan and control flights easily.

The thermal detection category is predicted to dominate the market till 2030, under the application segment. This is attributed to the heavy usage of thermal drone cameras to detect the body temperature and deliver essential products in emergency situations and the surging requirement for high-resolution images. Additionally, the technology is being extensively adopted in the mining sector, primarily to inspect the mineral extraction process; in the agriculture sector, to examine the plant physiology, schedule the irrigation cycle, and forecast the yield; and in the energy & utilities sector to inspect solar panel systems and capture information regarding the technical condition of the assets.

The agriculture & forestry category is predicted to exhibit the fastest growth in the upcoming years. The expansion of this drone analytics market industry category is ascribed to the soaring adoption of UAVs for precision agriculture, crop monitoring, seed planting, soil analysis, irrigation management, and livestock inspection. Moreover, drone companies and data providers are increasingly announcing partnerships with each other for providing appropriate solutions to the agrarian community.

North America generated the highest revenue in the drone analytics industry in 2019, primarily because of the extensive adoption of computer vision, machine learning (ML), and artificial intelligence (AI) solutions in the drone software, huge requirement for enhanced inspection and surveillance via drones, and rising demand for these solutions in various industries, such as oil & gas, energy & utilities, and agriculture, for taking appropriate measures against trespassers.

Drone Analytics Market Regional Analysis

Growing Usage of Beyond-Visual-Line-of-Sight (BVLOS) Drones Major Market Trend

The popularity of beyond-visual-line-of-sight (BVLOS) feature-integrated UAVs is rising sharply all over the world. This is because these drones allow users to perform complex operations without requiring the involvement of humans, on account of the fact that they have the ability to operate beyond the range of the human eye. The mushrooming popularity of these systems is one of the major drone analytics market trends because of their ability to provide long-range inspection services, record high-quality data, and significantly reduce the technology expenditure.

To cater to the soaring requirement for BVLOS operations, UAV software developers are making the necessary modifications in their solutions. For example, FlytBase Inc., which is a drone technology provider based in the U.S., developed FlytGCS, a cloud-based drone solution equipped with BVLOS functionalities, in April 2019. This solution allows users to store the data on the cloud and control the flight with the help of a mobile application.

Drone Analytics Market Growth Drivers

Soaring Demand for UAVs in Defense & Security Sector Fueling Market Expansion

The burgeoning requirement for UAVs in various defense & security applications is one of the major factors driving the expansion of the market. The military and homeland departments of several countries are utilizing drones for tracking suspicious movements near their borders and strengthening the surveillance and security at various vulnerable intrusion points. Furthermore, with the surging defense budget of numerous countries, such as the U.S., Saudi Arabia, Russia, and China, the requirement for UAVs and the related analytics solutions is also growing, thereby fueling the progress of the drone analytics market.

For example, an allocation of $6.97 billion, which was 21% higher than that made during the previous fiscal year, was made by the U.S. Department of Defense for augmenting the purchase of drones and associated technologies during Financial Year 2018.

Rising Demand for Intelligent Photogeometry Software Providing Growth Opportunities

The growing preference for intelligent photogeometry software is creating lucrative growth opportunities for the players operating in the market. This software was specifically developed for use with UAVs and, therefore, assists in creating maps and 3D models, processing data, and capturing images. Due to the increasing demand for these solutions, industry players are increasingly making technological enhancements in their offerings, which are massively enhancing the performance of drones.

For example, Map Engine was launched by DroneDeploy Inc., which is a developer of drone technology, in 2018. This ML-powered photogeometry software delivers accurate results to users within the recorded workflow time, by providing them with real-time insights gained from high-resolution images. Moreover, the adoption of these solutions enables the rapid mapping and secure transfer of more than 10,000 images to the cloud.

Drone Analytics Market Report Coverage
Report Attribute Details
Historical Years 2014-2019
Forecast Years 2020-2030
Market Size by Segments Component, Solution, Deployment, Application, Industry
Market Size of Geographies U.S., Canada, U.K., Germany, France, Italy, Russia, Japan, China, India, Australia, South Korea, Turkey, U.A.E., Saudi Arabia, South Africa, Israel, Brazil, Mexico
Market Players Aerovironment Inc., Pix4D SA, PrecisionHawk Inc., DroneDeploy Inc., Delair SAS, Delta Drone SA, Terra Drone Corporation, VIATechnik LLC, Kespry Inc., Environmental Systems Research Institute Inc.


Market Competition Being Shaped by Mergers and Acquisitions

In recent years, there have been a number of mergers and acquisitions in the drone analytics market, as the players are looking to work together and consolidate the competition.

For instance, in October 2018, Delair SAS, which is a European firm, offering commercial drone solutions, acquired a vendor of analytics tools for drone-based data, Airware. With the move, Delair expanded in the commercial UAV market with end-to-end solutions, utilized Airware’s customer and dealer base, and gave itself a better chance of business growth.

In the same vein, in February 2018, PrecisionHawk Inc., a U.S.-based drone technology organization, completed the acquisition of Uplift Data Partners LLC, another drone-based solutions company. PrecisionHawk’s aim behind the move was to provide customers with high-quality aerial data analytics services for construction and other facility inspection projects.

Drone Analytics Market

The major players in the global drone analytics market are Delair SAS, DroneDeploy Inc., Aerovironment Inc., PrecisionHawk Inc., Pix4D SA, AgEagle Aerial Systems Inc., VIATechnik LLC, Kespry Inc., Delta Drone SA, Sentera Inc., Environmental Systems Research Institute Inc., Airbus SE, Terra Drone Corporation, Inc., Optelos LLC, Picterra SA, Scopito ApS, Airpix, Sightec (Israel) Ltd., Hexagon AB, Unleash Live Inc., Cyberhawk Innovations Limited, Agremo Ltd., Strayos Inc., and Percepto.

Market Size Breakdown by Segment

The drone analytics market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Component

  • Hardware
  • Software
    • Desktop-based
    • Mobile
  • Service
    • Professional
    • Managed

Based on Solution

  • End-to-End Solution
  • Point Solution

Based on Deployment

  • Cloud
  • On-Premises

Based on Application

  • Thermal Detection
  • Geolocation Tagging
  • Aerial Monitoring
  • 3D Modeling
  • Ground Exploration

Based on Industry

  • Agriculture & Forestry
  • Mining & Quarrying
  • Logistics & Transportation
  • Oil & Gas
  • Construction
  • Defense & Security
  • Energy & Utilities
  • Insurance

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Russia
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Middle East and Africa
    •  Turkey
    • U.A.E.
    • Saudi Arabia
    • South Africa
    • Israel
  • Latin America
    •  Brazil
    • Mexico
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