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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.
Frequently Asked Questions about the Global Market for Drone Analytics

What is the estimated value of the Global Market for Drone Analytics?

The Global Market for Drone Analytics was estimated to be valued at $2.5 Billion in 2020.

What is the growth rate of the Global Market for Drone Analytics?

The growth rate of the Global Market for Drone Analytics is 25.6%, with an estimated value of $12.3 Billion by 2027.

What is the forecasted size of the Global Market for Drone Analytics?

The Global Market for Drone Analytics is estimated to be worth $12.3 Billion by 2027.
Note: Product cover images may vary from those shown
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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