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Drone Analytics - Global Market Trajectory & Analytics

  • ID: 4804754
  • Report
  • April 2021
  • Region: Global
  • 226 pages
  • Global Industry Analysts, Inc
Global Drone Analytics Market to Reach $12.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Drone Analytics estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$12.3 Billion by 2027, growing at a CAGR of 25.2% over the period 2020-2027. On-Demand, one of the segments analyzed in the report, is projected to record 27.4% CAGR and reach US$5.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premise segment is readjusted to a revised 23.9% CAGR for the next 7-year period.



The U.S. Market is Estimated at $763.6 Million, While China is Forecast to Grow at 24.5% CAGR

The Drone Analytics market in the U.S. is estimated at US$763.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 24.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.8% and 21.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.5% CAGR.

Select Competitors (Total 43 Featured):
  • AeroVironment, Inc.
  • Agribotix LLC
  • Airware
  • Delta Drone
  • DroneDeploy, Inc.
  • Esri
  • Huvrdata LLC
  • Kespry Inc.
  • Optelos
  • Pix4D S.A
  • Precisionhawk Inc.
  • Sentera, Inc.
  • Viatechnik, LLC.
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I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • An Introduction to Drones
  • Drone Analytics: A Prelude
  • Robust Growth Projected for Drone Analytics Market
  • US and Europe: Primary Revenue Contributors
  • Exhibit 1: Number of Drones (in ‘000s) in the US for the Years 2019 and 2025
  • Impact of Covid-19 and a Looming Global Recession
  • Versatile and Multifaceted Functionality of Drones Creates Strong Business Case for Drone Analytics Market
  • Fast Evolving Role and Image of Drones in Commercial Applications Underpins Revenue Growth
  • Drone Analytics Comes to Fore to Optimize Operations in Mining and Quarrying Facilities
  • High Growth Opportunities for Drone Analytics in Agriculture Sector
  • Construction Industry Emerges as Niche Area for Drone Analytics
  • Drone Analytics Steps In to Resolve Critical Data Requirements of Oil & Gas Industry
  • Safety and Security Issues Associated with Drone Technology Curtail Wider Adoption of Drone Analytics
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 43
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