Drone Analytics Market ‚ Segmented by Application and Geography‚ Growth, Trends, and Forecast (2019 - 2024)

Drone Analytics Market ‚ Segmented by Application and Geography‚ Growth, Trends, and Forecast (2019 - 2024)

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Drone Analytics Market Size

For decades, aviation and defense companies have been early adopters of advanced technologies, like computer-aided design, composites, and stealth. Most of the innovation occurred based on the response to customer demand. In the past few years, though aerospace and defense companies have been slower to adopt and implement analytics, cloud services, IOT, automation, and other cutting-edge digital technologies, companies in other industries like oil & gas, mining & quarrying, and construction have used drones to carry out several vital operations. For instance, drone analytics is largely used by the construction industry to carry out aerial monitoring, inspection and provide actionable insights.

Earlier in March 2018, Aerospace Technologies used drones and artificial intelligence to identify solar farm outages. The drone that hovered above the solar site in Nevada successfully diagnosed problems in some of the panels. The solar site is of the size of approximately 90 football fields and it took only three days for the drone to analyze the entire data. This can prove to be advantageous for the solar operators and can provide the operators with useful data related to repairs.

In the previous year 2017, Boeing has shown interest on Indian firms and plans to collaborate with India-based companies on digital technology, drones, and aerospace services. India has been progressing rapidly in drone technology in the past decade and has plans to use drones with Artificial Intelligence (AI) for autonomous functioning during surveillance or to track targets.

High demand for drone analytics in commercial applications is mainly driving the growth of the market. Factors, like growing capital investments for the advancement in drone software and demand for sophisticated industry-specific analytical solutions will also propel the growth of the market during the forecast period. The reliability and accuracy of the analysis obtained will be a challenge for the companies involved in drone analytics.

The drone technology will find major applications in infrastructure, agriculture, transport, insurance, mining, media & entertainment, security, telecommunication, aerospace & defense, amongst others. Airbus, one of the major OEMs in aerospace and defense, has started drone services start-up called “Airbus Aerial”. With bases both in Europe and the US, the main focus of the business unit is on developing new imagery services. This service will generate demand for software and aerospace technology to offer actionable data and analysis of information obtained from drones, satellites, and other sources. Airbus Aerial imagery services target a wide range of industries, like agriculture, oil and gas, and utilities.

Estimated Drone Spending by Country Worldwide, in USD billion, 2017 - 2021

                                                 Drone Spending by Country

                                                Source: Mordor Intelligence Analysis

Key Players in Drone Analytics Market

  •  Airware
  •  Delta Drone
  •  PrecisionHawk
  •  AeroVironment
  •  Pix4D

Key Developments Drone Analytics Market

September 2017: Honeywell and Intel have partnered to unite Honeywell’s experience in aerospace and software with Intel’s drone platform expertise.

Reasons to Purchase Drone Analytics Market Report

  • Analyze the increasing number of backlogs in aviation industry that will affect the in-flight catering market
  • Analyze various perspectives of the market, with the help of Porter’s five forces analysis
  • The flight service type that is expected to dominate the market
  • The regions that are expected to witness the fastest growth, during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players

•          3-month analyst support, along with the market estimate sheet (in excel)

Customization of Drone Analytics Market Report

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1. Introduction

                1.1 Scope of Drone Analytics Market Study

                1.2 Drone Analytics Market Definition

                1.3 Executive Summary of Drone Analytics Market 

2. Research Methodology

                2.1 Study Deliverables of Drone Analytics Market 

                2.2 Study Assumptions of Drone Analytics Market 

                2.3 Research Phases

3. Market Insights

                3.1 Current Scenario of Drone Analytics Market 

                3.2 Technology Trends

                3.3 Industry Attractiveness - Porter's Five Forces Analysis

                                3.3.1 Bargaining Power of the Suppliers

                                3.3.2 Bargaining Power of the Consumers

                                3.3.3 Threat of New Entrants

                                3.3.4 Threat of Substitute Products and Services

                                3.3.5 Competitive Rivalry within the Industry

4.  Market Dynamics

                4.1 Drone Analytics Market Drivers

                                4.1.1 Growing Demand for Sophisticated Industry-Specific Analytical Solutions

                4.2 Drone Analytics Market Restraints

                                4.2.1 Growing Concerns Over Cybersecurity/Data Security

                4.3 Drone Analytics Market Opportunities

                                4.3.1 Increased Adoption of Autonomous Drones By Various Law Enforcement Agencies

5. Drone Analytics Market, Segmented by Application

                5.1 Agriculture & Forestry

                5.2 Construction

                5.3 Insurance

                5.4 Mining & Quarrying

                5.5 Utility

                5.6 Oil & Gas

                5.7 Scientific Research

                5.8 Transportation

                5.9 Aerospace & Defense

6. Drone Analytics Market, by Geography

                6.1 North America

                                6.1.1 United States

                                6.1.2 Canada

                                6.1.3 Mexico

                                6.1.4 Rest of North America

                6.2 Europe

                                6.2.1 United Kingdom

                                6.2.2 France

                                6.2.3 Germany

                                6.2.4 Rest of Europe

                6.3 Asia-Pacific

                                6.3.1 China

                                6.3.2 India

                                6.3.3 Japan

                                6.3.4 Rest of Asia-Pacific

                6.4 South America

                                6.4.1 Brazil

                                6.4.2 Argentina

                                6.4.3 Rest of South America

                6.5 Middle East & Africa

                                6.5.1 UAE

                                6.5.2 Saudi Arabia

                                6.5.3 South Africa

                                6.5.4 Rest of Middle East & Africa

7. Competitive Landscape of Drone Analytics Market 

                7.1 Introduction

                7.2 Market Share Analysis

8. Company Profiles of Drone Analytics Market 

                8.1 Airware

                8.2 DroneDeploy

                8.3 Delta Drone

                8.4 Pix4D

                8.5 PrecisionHawk 

                8.6 AeroVironment

                8.7 VIATechnik

                8.8 Esri

                8.9 Kespy

                8.10 Optelos

                8.11 Huvrdata

                8.12 Sentera

9. Future Outlook of Drone Analytics Market 

10. Disclaimer

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