The global drone analytics market size is predicted to rise considerably over the forecast period. Drone analytics is the term used to describe the collection, processing, and analysis of data obtained from drones. The drone’s flight is monitored by software, which also generates 2D and 3D visualizations of the area or site being surveyed and processes them so that users can view and alter them.

Fortune Business Insights presents this information in their report titled "Drone Analytics Market, 2024-2032."

Informational Source:

https://www.fortunebusinessinsights.com/drone-analytics-market-109647

Major Players Profiled in the Report:

• Pix4D SA (Switzerland)
• AeroVironment, Inc. (U.S.)
• Delair (France)
• Delta Drone SA (France)
• 3DR (U.S.)
• DroneDeploy (U.S.)
• Kespry Inc. (U.S.)
• Optelos LLC (U.S.)
• PrecisionHawk (U.S.)
• Huvrdata (U.S.)

Russia-Ukraine War Impact:

Rising Need for Cutting-edge Drone Analytics During Russia-Ukraine War Fosters Market Growth

The Russia-Ukraine war has had a favorable effect on the drone analytics market growth due to the rapid adoption of cutting-edge UAV systems, such as drone analytics for surveillance and security. Increased need to make up-to-date decisions and examine the data collected by drones assisting market growth.

Segments:

By type, the market is bifurcated into on-demand and on-premises.

In terms of solution, the market is classified into point solutions and end-to-end solutions.

Based on application, the market is divided into ground exploration, thermal detection, aerial monitoring, volumetric calculation, geolocation tagging, 3D modeling, and others.

On the basis of end-user, the market is segregated into transportation, construction, agriculture and forestry, insurance, utility, mining & quarrying,  oil & gas, telecommunications, scientific research, and others.

From the regional ground, the market is segmented into the Rest of the World, North America, Asia Pacific, and Europe.

Report Coverage

The thorough market research report explores important topics, such as the distribution channels, prominent product types, and the competitive environment. The report offers insightful information about current market trends and noteworthy developments in the field. It also comprises different aspects that have assisted in the recent market growth. The study provides a comprehensive analysis of these variables, providing an overall picture of the market's current and future potential. Stakeholders can use this information to create successful strategies and make well-informed decisions.

Drivers

Increasing Need to Assist Decision-making in Different Industries to Boost Market Expansion

The term “data from drones” describes the information obtained by unmanned aerial vehicles or drones. This data may include LiDAR point clouds, multispectral or hyperspectral data, and other sensor readings. For processing and analysis, the data is typically kept onboard or sent in real-time to a ground station or cloud storage. Cutting-edge software devices are then deployed to understand and extract significant information from the raw drone data. This supports applications, such as making high-resolution maps, creating 3D models, noticing changes over time, recognizing glitches, and assisting decision-making in different industries and fields. Aerial analytics can be employed to record and spot agricultural land, measure soil health, and devise irrigation tactics. The rapid adoption of cloud-based drone analytics solutions in the construction, mining, and agriculture industries is fostering market expansion.

Regional Insights

North America to Take the Lead in the Market Due to Existence of Major Companies

North America is set to command the drone analytics market share in the coming years due to the existence of major companies and constant war circumstances.

Asia Pacific is expected to increase at the highest CAGR over the forecast period due to the rapid expansion of the aviation industry, a rise in government efforts, and increased technological innovations in drone technology.

Competitive Landscape

Key Companies Offer Advanced Drone Analytics to Trace Vehicle Movement

Top participants introduce advanced drone analytics to trace vehicle movement, observe traffic flow, and identify road dangers. They are focusing on the enhancement of defense capabilities, product launches, and collaborations to improve their product portfolio.

Key Industry Developments

• November 2023: Magellanic Cloud Limited declared the introduction of its innovative drone command and control center in Bengaluru. The development of the company's capacities highlights its promise to offer advanced solutions for remote piloting, real-time monitoring, safety, compliance, and client collaboration.