Drone analytics are used to collect, track and manage data which is later is used to make important decisions. They have the ability to provide 3D and 2D visualization of the area which is recorded by the drone. They also can calculate the area, distance, length and other aspects of the stockpile. These drone analytics are widely used by the construction and mining businesses so they can analyze amount of raw material and stockpiles in their inventory. They are widely used in applications such as geolocation tagging, aerial monitoring, ground exploration, thermal detection, 3D modeling, volumetric solution and other. Some drones also have the ability to analyze crops and farms if they are equipped with such drone analytic software.
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Some of the factors responsible for the growth of this market are:
The global drone analytics market is segmented on the basis of industry as agriculture & forestry, construction, insurance, mining & quarrying, utility, telecommunication, oil & gas, transportation, scientific research, and others; applications as thermal detection, geolocation tagging, aerial monitoring, ground exploration, volumetric calculations, 3D modeling, and others; type as on-premises & on-demand and solution as end- to- end solutions & point solutions.
Some of the launches and acquisition in the market are as follow:
“According to Data Bridge Market Research, global drone analytics market is set to witness a healthy CAGR of 28.25% in the forecast period of 2019- 2026”
Few of the major competitors currently working in the drone analytics market are Airware, AeroVironment, Inc., DroneDeploy, Delta Drone, Esri, PrecisionHawk, VIATechnik LLC, Pix4D SA, Kespry Inc., Optelos, HUVRdata, Sentera, Inc., Boeing, Saab AB, Thales Group, Textron Inc., 3D Robotics, BAE Systems, Elbit Systems Ltd.
There is high demand for drone analytics from various industries because in the term of applications they are very efficient and cost effective. With the integration of advance technologies such as artificial intelligence, blockchain technology and others, there accuracy has been increased which is also propelling its demand. Law enforcement organizations are also accepting these drones. These are some of the factor creating better growth prospects for this market in the upcoming days.
Global Drone Analytics Market – Industry Trends and Forecast to 2028