Drone analytics market has evolved rapidly on the back of the need for end-to-end ecosystem that only collects data. Further, it offers field intelligence that has vast business value. The trend of extracting in flight intelligence from drones is a key factor boosting the market. The offering by various service providers that offer infrastructure that combine drone-captured images, videos, and LiDAR has propelled the strides in the market. Over the past few years, cloud-based data visualization and analytics platform are growing in popularity. The proliferating volumes of drone-captured data has propelled the need for artificial intelligence and data science services. Top players are focusing on offering turnkey drone flight services operations. Over the past few years, various end-use industries, notably the agriculture industry, has been stimulating the need for aerial data on-demand. The increasing trend of precision agriculture is a key factor propelling the demand for extracting intelligence from drone analytics. The trend is gathering traction in developing and developed regions. Such regions are witnessing high uptake of drones to bolster their productivity and reduce crop waste. Enterprise agriculture businesses are seeing new potential in the drone analytics market.
Advancements in sensors have helped create new avenues in the market. The use of integrates sensors technology is boosting the market. Growing need for analytics in improving services industries is bolstering the demands for drone analytics. The growing industrial use cases is a key trend boosting the market. The numbers of drone companies in the drone analytics market are growing in developing and developed regions. Advent of cloud-based decision support system has paved way for new revenue streams for service providers in the drone analytics market. The market is also witnessing new wave of customization.
Drone Analytics Market: An Overview
The penetration of drone system is increasing in the world economy. One of the major beneficiaries of this penetration is players operating in the drone analytics market. Drone based monitoring is highly preferred in oil and gas industry, insurance, agriculture and construction industry. To process analysis done by drone system, enterprises need a drone analytics software that help them analyze and consume these data collected by drones.
These drone analytics solutions can analyze 2D and 3D visualizations of the sites recorded by a drone. These utilities have ability to measure distances and determine length and area, as well as the volume, of a stockpile.
A report on drone analytics market by Transparency Market Research (TMR) will offer its readers in-depth understanding of historical developments in the industry. It will provide a detailed analysis of several opportunities prevailing in the market. It will have a detailed product segments, key countries, end-user segments and import/export dynamics of the drone analytics market.
Drone Analytics Market: Notable Developments and Competitive Landscape
The competitive landscape of the drone analytics market is evolving rapidly. This is mainly because the drone monitoring is a new concept. The market is dominated by several giant players with number gradual increase in number of new entrants, this is rendering a moderately consolidated landscape to the drone analytics market.
Some of the players operating in the drone analytics market are Esri, Viatechnik LLC, PrecisionHawk Inc, DroneDeploy, Delta Drone SA, Airware Inc, AeroVironment Inc, LLC, Agribotix, and Pix4D SA.
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These small players are adopting organic growth strategies such as collaborations, acquisitions and business expansion in order to concretize their market hold. For instance, 1st August 2019 Kespry and DroneBase announced to collaborate with each other in order to expand their offerings ad improved their existing system.
Such developments will shape the future of drone analytics market by making services cost-effective and productive for the consumers.
Drone Analytics Market: Key Trends
Drone analytics market is at present at a nascent stage, the future prospects of the industry is relied on the increasing adoption of drone in different market sectors. Drone based monitoring has done well in sectors such as precision farming and mining. The drone analytics solutions are helping them analyses several key factors associated with the land and its real time situation. This information is crucial to these industries and this industry is investing heavy on drone analytics. This is a major boost to the drone analytics market.
Nonetheless, despite several driers and opportunities growth in the drone analytics market is fairly compromised due to growing concerns regarding data-security and cyber-security. Moreover, implementation of drone and drone analytics need a robust infrastructure and several countries especially in emerging economies are not ready for this advancement.
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Drone Analytics Market: Regional Outlook
On the basis of geography, the drone analytics market is classified into North America, Asia Pacific, Europe, and the Middle East and Africa. Among these regions, North America is projected to hold highest share in the drone analytics market. This is mainly due increasing adoption of drone analytics by the business leaders in the region.
Further, Asia-Pacific holds immense growth potential for the growth of the drone analytics market. This is due to the high growth opportunities for drone analytics operations in nations such as India, China, and Japan owing to rapid expansion of commercial sector.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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