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

Hardware Is Largest Component in Drone Analytics Market

Generating revenue of $2,614.3 million in 2019, the global drone analytics market is expected to grow at a CAGR of 29.8% during the forecast period (2020–2030). The major factors helping the industry advance are the increasing demand for drones or unmanned aerial vehicles (UAVs) in the defense & security sector, high adoption of UAVs for tracking individuals’ movements, and rising requirement for drone analytics solutions for numerous commercial purposes.

Drone Analytics Market

Segmentation of Drone Analytics Market

The hardware category dominated the drone analytics market in 2019, based on component, owing to the rapid uptake of UAVs in several industries, high requirement for real-time insights for data-driven decision making, and increasing demand for enhanced monitoring services.

During the forecast period, the end-to-end solution bifurcation, under segmentation by solution, would experience higher CAGR in the drone analytics market, as the requirement for a complete packaged solution is surging in various industries, in order to fulfill data collection and visualization and numerous other business purposes. Seeing the requirement, market players are offering a complete package, which includes image processing, management, and analysis solutions.

The cloud bifurcation, on the basis of deployment, contributed higher revenue to the drone analytics market during the historical period (2014–2019), as cloud offers flexibility of data access, high data storage capacity, and substantial IT expenditure savings, which is why the technology is becoming popular across sectors. Moreover, with cloud-based drone analytics solutions, end users can plan and control the flights.

The thermal detection classification, under the application segment, is expected to continue holding the largest share in the drone analytics market till 2030. This is credited to the heavy utilization of thermal drone cameras for detecting body temperature and delivering essential items in emergency situations and increasing demand for high-resolution images. In addition, the technology is finding widespread application, for instance in the mining sector, for inspecting the process of mineral extraction; in agriculture, for examining the plant physiology, scheduling the irrigation cycle, and forecasting the yield; and in the energy & utilities domain, for inspecting the solar panel installations and capturing information on the technical condition of the assets.

During the forecast period, the agriculture & forestry division, based on industry, will experience the fastest advance in the drone analytics market, owing to the rapid uptake of UAVs for crop monitoring, precision agriculture, soil analysis, seed planting, livestock inspection, and irrigation management. Therefore, drone manufacturers and data providers are entering into partnerships to offer the agrarian community appropriate solutions.

North America was the largest revenue generator in the drone analytics market in 2019, on account of the integration of artificial intelligence (AI), computer vision, and machine learning (ML) in drone software, rapid demand for enhanced surveillance and inspection through drones, and rising requirement for such solutions in the energy & utilities, oil & gas, agriculture, and numerous other domains, in order to take immediate action against trespassers.

Drone Analytics Market

Beyond-Visual-Line-of-Sight (BVLOS) Drones Are the Key Market Trend

The current trend in the drone analytics market is the increasing preference for beyond-visual-line-of-sight (BVLOS) capabilities in the UAVs. Such drones can operate way beyond the range of the human eye; therefore, they allow users to carry out complex operations without human involvement. Reduced technology costs, recording of high-quality data, and long-range inspection services are some advantages of such airborne platforms. To cater to the demand for BVLOS operations, UAV software vendors are rapidly modifying their solutions. For instance, in April 2019, FlytBase Inc., which is a U.S.-based drone technology provider, introduced the FlytGCS cloud-based drone solution with BVLOS functionalities. It allows users to store all the data on the cloud and control the flight via a mobile app.

Increasing Requirement for UAVs in Defense & Security Sector Is Driving the Market

An important driver for the drone analytics market is the increasing demand for UAVs for an array of defense & security applications. For enhanced security, the military and homeland departments of various countries are using drones to track suspicious movements near national borders and strengthen the surveillance at vulnerable intrusion points. Moreover, with the increasing defense budget of countries such as China, the U.S., Russia, and Saudi Arabia, the demand for UAVs and associated analytics solutions is also increasing. For instance, the U.S. Department of Defense allocated $6.97 billion for the procurement of drones and related technologies in Financial Year 2018, which was a rise of 21% from the previous fiscal.

Drone Analytics Market

Rising Preference for Intelligent Photogeometry Software Is Offering Growth Opportunities

A vast growth potential for the drone analytics market has been created because of the rising popularity of intelligent photogeometry software. Purposely designed for use with UAVs, the software aids in capturing images, creating maps and 3D models, and processing the data. Considering the rising requirement for such solutions, market players are technologically enhancing their offerings, in order to improve the performance of the drone. For instance, DroneDeploy Inc., a provider of drone technology, introduced Map Engine in 2018. The photogeometry software, powered by ML, offers users real-time insights from high-resolution images, by delivering accurate results within the recorded time workflow. Moreover, with the solution, over 10,000 images can be quickly mapped and transferred securely 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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