The drone analytics market was valued at USD 1.17 Billion in 2016 and is projected to reach USD 5.41 Billion by 2022, at a CAGR of 28.11% from 2017 to 2022. The objective of this study is to analyze, define, describe, and forecast the drone analytics market based on application, industry, type, solution, and region. The report also focuses on the competitive landscape of this market and profiles companies, highlighting their financial positions, product portfolios, growth strategies, and analyzes their core competencies and market shares to anticipate the degree of competition prevailing in the market. This report also tracks and analyzes competitive developments, such as partnerships, acquisitions, new product developments, and funding activities in the drone analytics market. The base year considered for this study is 2016 and the forecast period is from 2017 to 2022.

The research methodology used to estimate and forecast the drone analytics market includes the study of data and revenue of key market players through secondary resources, such as company websites, corporate filings, such as annual reports, investor presentations, and paid databases. The bottom-up procedure was employed to arrive at the overall size of the drone analytics market from the revenues of key market players. After arriving at the overall market size, the drone analytics market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry experts, such as CEOs, VPs, directors, executives, and engineers. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. Breakdown of profiles of primaries is shown in the figure given below:

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Market Ecosystem

The drone analytics market has been segmented on the basis of application, industry, type, solution, and region. Major companies profiled in the report include Airware (US), DroneDeploy (US), Delta Drone (France), PrecisionHawk (US), Pix4D (Switzerland), and AeroVironment (US). Contracts, new product launches, agreements, partnerships, and acquisitions are the major strategies adopted by the key players in the drone analytics market.

Target Audience for this Report

Providers of Drone Analytics Software

Drone Manufacturers

Providers of End to End Drone Software Solutions

�This study answers several questions for stakeholders, primarily, which market segments they need to focus on during the next 2 to 5 years to prioritize their efforts and investments.�

Scope of the Report:

Drone Analytics Market, By Application

Thermal Detection

Geolocation tagging

Aerial monitoring

Ground exploration

Volumetric calculations

3D Modelling

Others

Drone Analytics Market, By Industry

Agriculture & Forestry

Construction

Insurance

Mining & Quarrying

Utility

Telecommunication

Oil & Gas

Transportation

Scientific Research

Others

Drone Analytics Market, By Type

On-Premises

On-Demand

Drone Analytics Market, By Solution

End to End Solutions

Point Solutions

Drone Analytics Market, By Region

North America

Europe

Asia Pacific

Middle East

Rest of the World (Latin America and Africa)

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of a company. The following customization options are available for this report:

Geographic Analysis Further breakdown of countries in Latin America

Company Information Detailed analysis and profiles of additional market players (up to 5)



The drone analytics market is projected to grow from USD 1.57 Billion in 2017 to USD 5.41 Billion by 2022, at a CAGR of 28.11% from 2017 to 2022. The increasing demand for sophisticated industry-specific analytical solutions that can help companies obtain actionable insights from the data captured by drones is expected to fuel the drone analytics market.

The drone analytics market has been segmented on the basis of application, industry, type, solution, and region. Based on application, the drone analytics market has been segmented into thermal detection, geolocation tagging, aerial monitoring, ground exploration, volumetric calculations, 3d modelling, and others. The thermal detection segment is projected to lead the drone analytics market during the forecast period, owing to the increasing demand for analytical solutions for thermal detection from industries such as oil & gas, construction, agriculture, mining & quarrying.

Based on industry, the drone analytics market has been segmented into agriculture & forestry, construction, insurance, mining & quarrying, utility, telecommunication, oil & gas, transportation, scientific research, and others. The construction segment is projected to grow at the highest CAGR during the forecast period. This expected high growth rate can be attributed to the adoption of analytics solutions for monitoring and progress tracking at construction sites. The availability of custom-tailored solutions is also one of the factors contributing to the growth in the use of drone analytics solutions in the construction industry.

Based on type, the drone analytics market has been segmented into on-premises and on-demand. The on-demand segment is expected to grow at a higher CAGR as compared to the on-premises segment, owing to the increasing demand for cloud-based drone analytics solutions from industries, such as agriculture, construction, and mining.

Based on solution, the drone analytics market has been segmented into end to end solutions and point solutions. The end to end solutions segment is expected to grow at a higher CAGR as compared to the point solutions segment, owing to the increasing demand for complete packaged solutions beginning from data collection to data analysis.

The drone analytics market has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World (RoW). The North America region is estimated to be the largest market for drone analytics in 2017. Factors such as increased funding for drone analytics and the growing demand for analytical solutions from the commercial sector in the region are fueling the drone analytics market in the region.

High cost involved in gathering precise data using drones and growing concerns over cybersecurity/data security act as a challenge for the drone analytics market. Major companies profiled in the report include Airware (US), DroneDeploy (US), Delta Drone (France), PrecisionHawk (US), Pix4D (Switzerland), and AeroVironment (US). These players are launching new products in the market that can provide end-to-end drone analytics solutions to the end users.

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