Skip to main content

What are the most recent trends in Drone Analytics Market?


 The global drone analytics market forecast to be valued at $7,381.9 million by 2028, surging from $2,112.0 million in 2020, at a noteworthy CAGR of 17.1%.

Analysis of Covid-19 Impact on Drone Analytics Market

The Covid-19 impact on drone analytics market demand has been moderate. The restrain in the global industrial production due to imposed lockdowns across the globe has disturbed supply chain defense equipment manufacturing industry hindering the growth of drone analytics market. Major companies in this sector such as Northrop Grumman Corporation, Lockheed Martin Corporation, and others have experienced a reduction in demand in the drone analytics market. These factors are expected to negatively impact the market growth.

The coronavirus epidemic has enforced the companies in the drone analytics industry for the adoption of new methods of operation such as implementation of predictive analytics to forecast losses accurately and virtual monitoring of the production. These developments are anticipated to aid in mitigating the impact of COVID-19 pandemic the segment of the global drone analytics market growth.

Check how COVID-19 Imapct on Drone Analytics Market? Click Here to Get in touch with our Expert Analyst@ https://www.researchdive.com/connect-to-analyst/8535

Global Drone Analytics Market Analysis

Unmanned aerial vehicles (UAVs), or drones, are aircrafts that can be remotely controlled by pilots or via pre-programmed planning and automation systems and can fly autonomously. Various industries and organizations, including military, government, commercial, and entertainment users, are using this technology. Drones have become an economically viable option for a wide range of commercial functions over the years. Commercial drones are currently having a major impact on applications that take advantage of the ability to collect localized visual information quickly and inexpensively. Some of these areas are agriculture, construction, infrastructure, and inventory management. With the help of drone analysis, farmers can benefit from real-time information about vast lands. The commercial utilization of drones for intelligence, surveillance, reconnaissance, and combat operations can reduce the loss of human lives in armed forces which is anticipated to aid the growth of the market.

Drone analytics trends such as new innovations in the field of defense avionics software are expected to expand the drone analytics market size. For instance, in November 2021, Israel-based autonomous inspection with industrial robotics company, Percepto, announced the launch of its upgraded 2022 Autonomous Inspection & Monitoring (AIM) platform and its new Air Mobile drone. 

Global Drone Analytics Market, Segmentation

The global drone analytics market is segmented based on type, application, end-use, and region.

By Type:

The type segment is further classified into on-premises and on-demand. Among these, the on-premises sub-segment is expected to be the most dominating and surpass $4,199.1 million by 2028, with an increase from $ 1,271.1 million in 2020. 

Application:

Based on application, the market has been divided into inspection, mapping, surveying, and others. Among these, inspection sub-segment is anticipated to dominate in the forecast period and surpass $777.3 million by 2028, with an increase from $2,624.6 million in 2020.

End-use:

Based on end-use, the market has been sub-segmented into defense, commercial, and consumer sub-segment. The commercial sub-segment is projected to be the fastest growing in the global market and register a revenue of $1,330.6 million during the forecast timeframe of 2021-2028.

Region:

The drone analytics market for the North America region generated a revenue of $757.6 million in 2020 and is further projected to reach up to $2,588.8 million by 2028. The North America region is expected to be the dominating region for the drone analytics market in the forecast period.

Get | Download an Exclusive PDF Sample of Dron Analytics Market@ https://www.researchdive.com/download-sample/8535

Key Players in the Global Drone Analytics Market

Some of the leading global drone analytics market players are

  1. BAE Systems
  2. Delta Drone
  3. AeroVironment, Inc.
  4. DroneDeploy
  5. Esri
  6. PrecisionHawk, Inc.
  7. VIATechnik LLC
  8. Pix4D SA
  9. Kespry Inc.
  10. Optelos LLC.

Along with the company profiles of the key players in the market, the report includes the Porter’s five forces model that gives deep insights into the competitive environment of the market.

Comments

Popular posts from this blog

Collaborative Robot (Cobot) Market Insights Deep Analysis 2022-2030

  With the advancements in technology, robotics is becoming available at a price that suits the pockets of even smaller as well as bigger companies. All thanks to the development of low-cost components, which have paved way for the   upsurge of the collaborative robots or cobots  .Collaborative robots are intended to collaborate with humans at work sites, and hence making automation a trouble-free job for businesses of all sizes. By now, cobots have been seen as a game-changer for a wide variety of applications. W hy cobots over traditional robots? The new robotics technology is outdoing the weighty, daunting robots usually locked in the cages for security reasons. Now, it’s time to make use of cobots in those heavy industrial tasks! These robots are quite affordable, safe, and flexible to deploy. They are programmed to work in collaboration with humans and not under humans—unlike traditional robots. With these advanced-automated robots, you can forget the cages and make ...

Contactless Payment Market size share growth analysis market demand

  Contactless payment, also called as a tap-and-go system is a secure mode where the transactions are done using technologies such as NFC (near field communication), RFID (radio frequency identification), infrared, and bluetooth. Contactless payment is hassle-free and convenient for customers as it takes only one-tenth of the time taken by the old-style electronic transaction.Contactless payment is becoming popular owing to its benefits such as secure and fast payments without any need for cash or identifying details. Initially, these type of payments or cards were used for the purpose oftravelling tickets only. But today, this technology has evolved and is helping customers to make payments for almost anything. However, the permissible amount for a contactless payment varies by country and by the bank. Access to PDF Sample Report Here! @  https://www.researchdive.com/download-sample/181 Recent Developments in the Contactless Payment Industry As per a Research Dive blog, ...

Development: Aerospace 3D Printing Market Strategy Planning by Top Manufacturers

  Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive,  aerospace 3D printing market  forecast shall cross  $5,933.4 million by 2026 , growing at a  CAGR of 26.8%  during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance,   National Aerospace Technology Exploitation Programme grants £140,000 funds for...