Oct 13, 2020   SOURCE: BusinessWire

Worldwide Drone Analytics Industry to 2025 - Featuring Kespry, DroneDeploy & Delta Drone Among Others - ResearchAndMarkets.com

The "Drone Analytics Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The Drone Analytics Market is anticipated to grow at a CAGR of over 15% during the forecast period.

Drones have redefined and enhanced the productivity of numerous industries within a short period. Drones have been deployed for security monitoring, safety inspections, asset monitoring and surveillance, storm tracking, logistics, and to broadly study the environment by scanning remote areas.

Companies Mentioned

  • AeroVironment Inc.
  • Kespry Inc.
  • DroneDeploy, Inc.
  • Delta Drone
  • PrecisionHawk, Inc.
  • Pix4D SA
  • Dronifi
  • Sentera, LLC
  • AgEagle Aerial Systems Inc.
  • optelos
  • DroneSense, Inc.
  • Neurala, Inc.
  • Scale AI, Inc.

Key Market Trends

Increasing Investments Towards Developing Sophisticated Drone Software

Since drone analytics is an emerging field with a range of potential applications, industrial conglomerates, chip companies, and IT consulting firms have pumped in significant financial resources to incubate and develop envisioned capabilities in the current generation of drones, both via a hardware and software upgrade. It is estimated that in the last 7 years, investments of about USD 2 billion have been attracted by the drone startups including OEMs and related companies in the supply chain. Also, with the market trends becoming clearer, both in terms of technology and the end-user, the investors have started focusing their investments on selected companies that seem to have higher growth potential.

Typical examples include areas such as drone delivery, security, and mining. For instance, the medical drone delivery company Zipline announced new funding that brought the company valuation to USD 1.2 billion. Also, the automated drone-in-a-box solution Percepto announced a new round of funding amounting to USD 15 million. Besides, drone analytics companies are collaborating to address the specific requirements of the plethora of drone applications. For instance, in January 2020, AI-powered visual inspections pioneer Neurala announced a collaboration with drone service provider AviSight to provide end-to-end service to inspection customers who require a complete solution for drone-based inspections of critical infrastructure, including Beyond Visual Line of Sight (BVLOS) operations.

Asia-Pacific to Experience the Highest Growth During the Forecast Period

The recent changes in drone regulations in several countries across the region are expected to support the growth of the market. China became the global hub for drone manufacturing in the past six years. About 70% of the global civilian drone market is supported by China, which had about 1,200 drone manufacturers at the beginning of 2019 (up from 130 manufacturers in 2013). The Chinese government is providing various subsidy schemes and other favorable domestic policies for drone purchases to promote the adoption of drones in various industrial sectors. The growing application areas of drones are simultaneously propelling the demand for these UAVs in China.

The increasing demand for drones for monitoring, inspection, surveying, and surveillance applications in the construction, agriculture, infrastructure, energy, telecommunications, mining, and insurance industries is propelling the growth of the drone analytics market in China. Also, Australia has emerged as a major industrial hub in Asia-Pacific, which is witnessing the rising importance of BVLOS testing. As of July 2019, there were more than 1,200 drone operators in Australia. These operators are rapidly developing technologies and services to support the large drone ecosystem. The supportive drone regulations in Australia introduced by the Civil Aviation Safety Authority (CASA), in support of many domestic and international players, are helping the penetration of drones into many applications.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Forces Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 Industry

5.1.1 Construction

5.1.2 Agriculture

5.1.3 Energy

5.1.4 Law Enforcement

5.1.5 Mining

5.1.6 Other Industries

5.2 Geography

5.2.1 North America

5.2.2 Europe

5.2.3 Asia-Pacific

5.2.4 Rest of World

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/6b94qn