Global drone data services and analytics market generated $3,054.9 million in 2017, and the market is estimated to grow at a CAGR of 53.9% during 2018-2023
NEW YORK, Sept. 6, 2018 /PRNewswire/ -- Global Drone Data Services and Analytics Market to Grow at a CAGR of 53.9% from 2018-2023
Read the full report: https://www.reportlinker.com/p05499342
The global drone data services and analytics market is expected to witness significant growth over the forecast period 2018-2023, due to the rising demand across various industries including agriculture, construction, and utilities, among others.The applications of drones have proved to be very beneficial in terms of cost and efficiency.
This high scale growth of the drone industry is subsequently influencing the growth of the market. The growing commercial drone market and exemptions provided by the government for commercial drone operations are some of the key drivers propelling the growth of the global drone data services and analytics market.
Moreover, the growth of the market can be attributed to the emergence of artificial intelligence, machine learning, and blockchain technology for drone industry.The global drone data services and analytics market has been classified into two types: services and analytics.
Services market is expected to have the highest growth rate during the forecast period 2018-2023, due to the extensive demand for drones in the commercial applications.Furthermore, the drone data services and analytics solutions have been deployed by various industries including agriculture, construction, utilities, real estate, mining, and others.
The agricultural industry acquired the most significant share of the global drone data services and analytics market in 2017; however, the construction industry is expected to have the highest growth rate during the forecast period, 2018-2023.
According to BIS Research analysis, the global drone data services and analytics market generated $3,054.9 million in 2017, and the market is estimated to grow at a CAGR of 53.9% during 2018-2023. North America dominated the global drone data services and analytics market in 2017 with the U.S. acquiring the most significant market share, globally. However, Asia-Pacific is expected to have the highest growth rate during the forecast period, 2018-2023.
Following points provide a detailed description of the report content and the topics covered in the report:
• This report identifies the global drone data services and analytics market under different segments such as type, industry, and region.
• It examines the prime supply-side factors which affect the growth of the market, and the current & future trends, market drivers, restraints, and challenges prevalent in the global drone data services and analytics market.
• The report also highlights the value chain of the industry.
• Detailed competitive analysis has been included in this report which focuses on the ¬key market developments and strategies followed by the top players in the market. Additionally, the competitive benchmarking map has been included in the existing study which analyzes the competitive strength of the players in the global drone data services and analytics market.
• The market for different types, such as services and analytics, has been estimated and analyzed.
• Different industries of the drone data services and analytics, such as agriculture, construction, utility, real estate, mining, and others, have been estimated and analyzed in the report.
• The global drone data services and analytics market has been analyzed in the report for the major regions including North America, Europe, Asia-Pacific, and Rest-of-the-World.
• A detailed Porter's Five Forces analysis has been included in the report. Furthermore, the report also focuses on providing information on the key participants and future opportunities in the global drone data services and analytics market.
• The study provides a detailed analysis of the ten key players in the global drone data services and analytics market including 3D Robotics, Agribotix LLC, Airware, DroneDeploy, Kespry, Measure, Parrot SA, PrecisionHawk, Inc., Propeller Aerobotics Pty Ltd, and Skycatch, Inc. in the Company Profiles section. This section covers business financials, company snapshots, key products and services, major developments, future programs (if any), and the individual SWOT analysis of the companies.
Executive Summary
The drone industry has grown significantly with the rising demand from various end users including military, law enforcement, and commercial.Drones can carry out operations with much more efficiency and accuracy as compared to humans.
Drones are used to capture the data through aerial photography and videography.Drones collect the data and automatically generate the maps and 3D data models.
The data collected by the drones can be analyzed to identify the details about environment or asset.In addition, there is significant growth in the number of drones every year.
According to the U.S. Federal Aviation Administration (FAA), a total of 772,000 drones were registered by the end of May 2017, and this number is expected to grow gradually. Thus, the growing drone market impacts the growing need for drone data services and analytics in the near future. The commercial sector is the primary end user of the drone data services and analytics applications. Some of the prominent commercial industries that have deployed drone data services and analytics include agriculture, construction, utility, real estate, mining, and others. The drone data service providers carry out commercial operations across different industries and enable operators to analyze the information gathered with the help of the analytics platform provided by the drone data analytics organizations.
There are many research and development organizations that are continuously putting their efforts in developing efficient drone data services and analytics solutions. The global drone data services and analytics market is expected to show robust growth rate due to increasing usage across commercial industries. 3D Robotics, Airware, DroneDeploy, Kespry, Measure, Parrot SA, PrecisionHawk, Inc., Propeller Aerobotics Pty Ltd, Agribotix LLC, and Skycatch, Inc., are some of the major players in the global drone data services and analytics market.
The market generated a revenue of $3,054.9 million in 2017, and the market is expected to grow at a significant CAGR during the forecast period 2018-2023. The global drone data services and analytics market has been segmented into two types: services and analytics. The services market acquired the largest share and is also expected to grow at the highest CAGR during the forecast period 2018-2023. Agriculture, construction, utility, real estate, and mining are some of the prominent industries using drone data services and analytics solutions across various applications. Some of the applications include pipeline inspection, mapping and surveying, risk assessment, inspecting structures, and crop health assessment. Agricultural industry acquired the largest share of the global drone data services and analytics market in 2017 however, construction industry is expected to grow at the highest CAGR during the forecast period, 2018-2023.
North America, followed by Europe, Asia-Pacific, and the Rest-of-the-World (RoW) is expected to acquire the highest share in the drone data services and analytics market during the forecast period, 2018-2023. The U.S. and Canada are some of the prominent countries in North America for the development of the drone data services and analytics market. The U.S. dominates the overall market of the drone data services and analytics and is expected to maintain its position during the forecast period, 2018-2023. The increase in the demand for drone data services and analytics in North America is due to the rising need for applications across the commercial industries. The U.K. is one of the prominent countries in Europe which is currently focusing on the deployment of drone data services and analytics. Spain, Germany, and France are the prominent countries in the Europe region.
The Asia-Pacific region majorly consists of China, Japan, Australia, India, and South Korea in the drone data services and analytics market.Currently, China, holds the largest share in the drone data services and analytics market, while Australia is expected to grow at the highest rate in the Asia-Pacific region.
Moreover, there are ample opportunities for new entrants in this region as the demand for drone data services and analytics is anticipated to increase for commercial applications.
Countries Covered
• North America
• The U.S.
• Canada
• Europe
• The U.K.
• Spain
• Germany
• France
• Asia-Pacific
• China
• Japan
• Australia
• India
• South Korea
• Rest-of-the-World
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