Global Drone Analytics Market By End-Use (Transportation & Logistics, Construction & Infrastructure, and Other End-Uses), By Application (Aerial Monitoring, Thermal Detection, 3D Modelling, and Other Applications), By Deployment (On-Demand and On-premise), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Drone Analytics Market Overview:

The global drone analytics market was valued at USD 5,269.4 million by 2021. This number will increase at a CAGR of 23% between 2023-2032.

The main driver of the market growth is the demand for advanced industry-specific analytical tools that help companies gain actionable insight from drone-generated data. Drones can optimize data more efficiently in many industries such as construction, agriculture, and infrastructure.

Drone analytics solutions are in high demand. Drone analytics solutions are a hot topic as companies invest heavily to take advantage of the vast opportunity. Drone monitoring is most commonly used in the construction, oil and gas, and defense sectors. To analyze drone data, drone analytics is used to help end-users. A drone analytics software can be used to evaluate 2D/3D images captured by drones and videos.

Global Drone Analytics Market Analysis

End Use Analysis

According to end use, the market for drone analytics can be classified into power and utilities, construction and infrastructure, and oil and gas. The market’s largest share, at around 25%, was held by the power and utility segment in 2021. It is expected that it will continue to dominate the market for the forecast period. It is essential that the power and utility sector has a quick response and prompt inspection in order to take preventive and proactive steps.

Drones can be used to assist this sector in inspecting and gathering extensive data on critical structures. This is done in a short time and in a cost-effective way. Additionally, drone analytics solutions allow for visualization, analysis, and sharing of the data with the end-users.

Construction and infrastructure will see a near 24% CAGR between 2023-2032. Drones’ ability to digitally monitor and document construction sites allows users to make quick decisions and correct problems based on the collected data.

In addition, drone footage can be transformed into 3D models and integrated with real-world conditions. This helps to improve prototypes and ensures better feasibility during pre-construction. These benefits encourage end-users of drone analytics software to use it more often at construction sites. Granite Construction, which produces construction materials, has deployed drone analytics solutions to monitor, calculate, and optimize its production.

Application Analysis

According to the application, the market can be segmented into thermal detectors, aerial monitoring, ground exploration, and 3D modeling. The market was dominated by thermal detection in 2021. This segment will be driven by an increase in demand for thermal detector technology across many industries such as agriculture, oil and natural gas, construction, and mining. Thermal detection is vital to detect gas leakages on platforms or towers.

Between 2023 and 2032, 3D modeling is expected to see the highest CAGR of 25.0%. 3D modeling allows for efficient visualization and reconstruction. 3D modeling allows for the visualization of complex structures; such as windmill construction by an engineer.

The drone images would then be processed by the analytics software to transform into a point cloud and finally into a solid model. These models can be used to create virtual tours of assets or prepare for maintenance visits. This allows for faster information gathering and precise modeling of assets, which in turn increases the productivity of the workforce.

Deployment Mode

On-premise and on-demand are the two main segments of the market based upon deployment. In 2021, the on-premise segment held a significant revenue share. It is expected to continue its dominance in the future. On-premise deployment allows customers to store data and quickly create 2D/3D models. AiroBox is a drone analytics tool provided by Acrobat. It uses 500 images to create a sparse point cloud in 15 minutes, and a detailed cloud in an hour.

On-demand will see rapid CAGR between 2023 and 2032. The advantages of using on-demand analytical tools include greater flexibility in accessing data, lower IT costs, and a large capacity to store data. End-users can also use on-demand analytical solutions to plan and control their flights. This deployment type has seen an increase in demand from construction, agriculture, and mining industries.

Key Market Segments

By End-Use

• Transportation & Logistics
• Construction & Infrastructure
• Power & Utility
• Agriculture
• Oil & Gas
• Other End-Uses

By Application

• Aerial Monitoring
• Thermal Detection
• 3D Modeling
• Ground Exploration
• Other Applications

By Deployment

• On-demand
• On-premise

Market Dynamics

In recent years, there has been a significant increase in demand for complete drone packages. In recent years, drones have generated a lot of data. Drone data is typically not structured. Drone analytics plays a crucial role in converting unstructured information to structured data that can be used for analysis.

A complete package of drone analytics software is available to help with data collection and processing. There has been an increase in business data from many industries, which has led to a greater demand for advanced analysis solutions. As industries adopt data-driven decisions, they are also embracing advanced analytics solutions. This market will grow largely because these solutions can monitor and analyze data to deduce advanced Analyses using less human intervention.

Drones are now able to gather more detailed information thanks to the integration of advanced technologies such as AI. ALPHA methodology, which is used in military drones, allows for data to be processed in less time than 1 millisecond and can also collect exact data.

Regional Analysis

North America had a 41% market share in 2021. Increased investment from the commercial sector in drone analytics is key to the market’s growth. Further, the region’s growth is being driven by the increasing adoption of drone-based analytics solutions, which are integrated with technologies like Machine Learning, AI, and Computer Vision in various sectors, such as agriculture, oil and natural gas, energy, utilities, and other industries.

The highest expected CAGR for the Asia Pacific market is 25% between 2023 and 2032. There have been tremendous growth opportunities for the Asia Pacific market because of the promising growth in the commercial sector, particularly in India, China, and Japan. A variety of schemes are being offered by countries throughout the region to encourage the adoption and use of drones. To encourage the adoption and use of drones in many end-use verticals the Chinese government provides subsidies and favorable policies.

Key Regions and Countries covered in thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

The market is highly fragmented with many international and local players. The market’s key players are working hard to improve their offerings by focusing on technical and cost differentiation. To improve their existing portfolios, companies investing in advanced technologies are also leading. In order to provide sophisticated analytical solutions specific to their industry to end-users, companies have formed partnerships.

Маrkеt Кеу Рlауеrѕ:

• Airware
• Pix4D
• DroneDeploy
• PrecisionHawk
• Delta Drone
• VIATechnik
• AeroVironment
• Esri
• Other Key Players

For the Drone Analytics Market research study, the following years have been considered to estimate the market size: