This new report from Stratview Research analyses the Drone Analytics Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Drone Analytics Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Drone Analytics Market is no different. Derived from the previous market scenario, the Drone Analytics Market is likely to witness an impressive CAGR of 29.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Market Share Analysis
Drone Analytics Market Share: By Industry Type
Based on the industry type, the market is segmented as agriculture & forestry, construction, insurance, mining & quarrying, utility, telecommunication, oil & gas, transportation, scientific research, and others. The construction segment is estimated to witness the highest growth in the coming five years. This growth is owing to the acceptance of analytic solutions for monitoring and progress following at various construction sites. The obtainability of tailor-made solutions is also one of the prime factors influencing the growth in the application of drone analytic solutions in the construction industry during the forecast period.
Drone Analytics Market Share: By Type
Based on the type, the market is segmented as on-premises and on-demand. The on-demand segment is expected to register a higher growth rate against the on-premises segment, due to the growing demand for cloud-based drone analytic solutions from industries, such as construction, mining, and agriculture.
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Drone Analytics Market Share: By Solution Type
Based on the solution type, the market is segmented as end-to-end solutions and point solutions. The end-to-end solutions segment is estimated to register a higher growth against the point solutions segment, owing to the rising claim for complete packaged solutions, starting from data collection to data analysis.
Drone Analytics Market Share: By Region
In terms of regions, the North American region was the largest market for drone analytics in 2018, and is expected to maintain its dominance during the forecast period. Drivers such as increasing funding for drone analytics and the growing demand for analytical solutions, majorly from the commercial sector, are boosting the drone analytics market in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Drone Analytics Market: Key Players
Some of the major players in the drone analytics market are Airware, Agribotix, AeroVironment, Inc., Dronedeploy, Delta Drone, ESRI, Huvrdata, Kespry Inc., and Optelos.
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