The global drone analytics market is predicted to grow at a CAGR of 29% throughout the forecast time frame. The market is projected to surpass USD 30.5 billion by 2031. Drones are becoming increasingly popular for businesses and consumers alike. The market for drone analytics is growing as businesses find new and innovative ways to use drones to improve their operations. Some areas where drone analytics can be used include precision agriculture, infrastructure inspection, and search and rescue.

IMPACT OF COVID-19 ON THE GLOBAL DRONE ANALYTICS MARKET

The novel coronavirus, Covid-19, has created global panic and an unprecedented demand for information. Governments and businesses are turning to drone analytics to help them understand the extent of the outbreak and plan accordingly.

Drones are used to map out the density of infected areas and track population movements. They can also measure traffic congestion, identify quarantine zones, and monitor food supplies. Drone analytics is proving to be an essential tool in understanding the impact of Covid-19. It is helping governments and businesses make informed decisions about how to best respond to the outbreak.

GLOBAL DRONE ANALYTICS MARKET INFOGRAPHICS

Source: ThinkWise Intelligence Analysis

GLOBAL DRONE ANALYTICS MARKET DYNAMICS

MARKET DRIVER: INCREASING DEMAND FOR DATA ACCURACY IN VARIOUS END-USER INDUSTRIES

Drones are gaining demand from businesses of all sizes. While there are many applications for drones, one of the most promising is their use in analytics. Drones can help businesses collect data that would otherwise be difficult or impossible to obtain. This data can then improve operations and make more informed decisions. Several factors drive the growth of drone analytics, such as drones becoming more affordable and easier to use. Additionally, technology is improving, making it possible to gather more accurate data. Finally, businesses realize the potential benefits of using drone analytics and are starting to invest in this technology.

MARKET RESTRAINT: HIGH COST OF DRONES AND SENSORS

Federal Aviation Administration (FAA) has been slow to approve commercial drone use, which has restrained the growth of the drone analytics market. Another restraint is the high cost of drones and sensors, which has kept many smaller businesses from adopting drones into their operations. However, many people are uncomfortable with drones flying over their homes and neighbourhoods. The factors mentioned above could limit the growth of the commercial drone market in the future.

MARKET OPPORTUNITY: INCREASING DEMAND FOR COST REDUCTION IN BUSINESSES

Drones are becoming increasingly popular for businesses to use, such as inspecting infrastructure and delivering packages. As drones become more commonplace, the market for drone analytics is also growing. This market includes software and services that help businesses better use drone data.

The potential for drone analytics is enormous. Businesses can use it to improve their operations in several ways, such as increasing efficiency, reducing costs, and improving safety. In addition, the market for drone analytics is expected to grow rapidly in the coming years. These factors create an excellent opportunity for businesses looking to invest in this technology.

MARKET THREAT: POSSIBILITY OF CYBER ATTACKS

The rising demand for drone analytics also brings new threats to the market. Such as the possibility of cyber-attacks on drones. These attacks could potentially disable or hijack drones or steal data collected by them. Another threat comes from malicious actors who could use drones for nefarious purposes, such as delivering explosives or conducting surveillance operations. Drone analytics providers need to be aware of these threats and take steps to mitigate them, including implementing strong security measures, developing robust disaster recovery plans, and building partnerships with security experts.

KEY TRENDS IN THE GLOBAL DRONE ANALYTICS MARKET

GLOBAL DRONE ANALYTICS MARKET TRENDS, BY TYPE

"During the forecast period, the drone analytics market for on-demand is expected to dominate the global market."

On-demand drone analytics services are expected to grow at a high rate during the forecast period. The growth of the on-demand drone analytics market can be attributed to the increasing demand for drones for commercial applications and the growing adoption of drones for precision agriculture. On-demand drone analytics solutions offer real-time data processing and analysis, which helps end-users make quick decisions. Major players in the market are offering on-demand drone analytics services to their customers. For instance, in January 2017, Airware announced the launch of its new product offering-Airware Enterprise On-Demand.

GLOBAL DRONE ANALYTICS MARKET TRENDS, BY APPLICATION

"During the forecast period, the geolocation drone analytics is expected to dominate the global market."

There are many different applications for drone analytics. One such application is geolocation tagging. Geolocation tagging involves adding GPS coordinates to aerial drone footage to track the movement of objects in real-time. Additionally, owing to the high demand, geolocation tagging is used for various commercial applications such as surveying, mapping, and land management. These can further be used for security purposes or to track the progress of construction projects. Another application for drone analytics is ground exploration. Ground exploration involves using aerial drones to map out an area on the ground that is difficult or dangerous to access.

GLOBAL DRONE ANALYTICS MARKET TRENDS, BY REGION

" North America globally holds the largest market share."

North America is expected to hold the largest share in the global drone analytics market during the estimated timeframe. This progress is due to the rising adoption of drones by various end-user industries and the rising demand for real-time information in various business processes in this region. Asia Pacific region is anticipated to rise at the fastest CAGR during the projected timeframe. The growth is majorly due to drones' adoption for commercial applications such as logistics and delivery, agriculture, and media and entertainment. Additionally, rising awareness about drone-based solutions among businesses and consumers contributes to the market's growth in this region.

COMPETITIVE LANDSCAPE IN THE GLOBAL DRONE ANALYTICS MARKET

The global Drone Analytics market is highly diverse and competitive, with many international players and a small number of regional and local players. AeroVironment, Inc., Delair, DroneDeploy, 3DR, Delta Drone SA, Kespry Inc., Huvrdata, Pix4D SA, Optelos LLC and PrecisionHawk are just a few of the market's major players.

RECENT ADVANCES IN THE GLOBAL DRONE ANALYTICS MARKET

• In August 2021, Delta Drone, a significant international leader in civilian drones for professional use, announced a merger with Arvista, a famous provider of aerial surveying services to the mining industry using unmanned aerial vehicles. Delta intends to expand its footprint across Australia by supplying aerial survey operators to collect crucial survey data and service the mining customer base due to this purchase.
• In February 2021, AgEagle Aerial Systems, a leading commercial drone technology, services, and solutions provider, has announced a partnership with Valqari, a premier drone delivery system based in Chicago. The companies hope to use this partnership to create completely automated, on-demand drone delivery systems for food and beverage orders and deliveries, particularly for golfers.
• In January 2019, AeroVironment, Inc. acquired Delair, a French company that manufactures long-range commercial drones. Delair's drones will help AeroVironment expand its reach into the European and Asian markets.

CHAPTER 1.    INTRODUCTION
1.1.    KEY OBJECTIVES OF THE STUDY
1.2.    MARKET SCOPE & DEFINITION
1.2.1.    MARKET SEGMENTATION
1.3.    REPORT DESCRIPTION
1.4.    LIMITATIONS
1.5.    STAKEHOLDERS FOR PRIMARY INTERVIEWS

CHAPTER 2.    RESEARCH METHODOLOGY
2.1.    DATA EXPLORATION
2.1.1.    PRIMARY DATA
2.1.1.1.    DATA SOURCES
2.1.1.2.    KEY DATA COLLECTED
2.1.2.    SECONDARY DATA
2.1.2.1.    DATA SOURCES
2.1.2.2.    KEY DATA COLLECTED
2.2.    MARKET SIZE ESTIMATION
2.2.1.    TOP-DOWN APPROACH
2.2.2.    BOTTOM-UP APPROACH
2.3.    DATA BREAKDOWN & TRIANGULATION
2.4.    ASSUMPTIONS & FORECAST PARAMETERS

CHAPTER 3.    EXECUTIVE SUMMARY

CHAPTER 4.    THINKWISE INTELLIGENCE EXCLUSIVE INSIGHTS
4.1.    MARKET ATTRACTIVENESS, BY TYPE
4.2.    MARKET ATTRACTIVENESS, BY APPLICATION
4.3.    MARKET ATTRACTIVENESS, BY END-USE
4.4.    MARKET ATTRACTIVENESS, BY REGION

CHAPTER 5.    MARKET OVERVIEW
5.1.    INTRODUCTION
5.2.    GROWTH IMPACT FORCES
5.2.1.    DRIVERS
5.2.2.    RESTRAINTS
5.2.3.    OPPORTUNITIES
5.2.4.    THREATS
5.3.    MARKET ECOSYSTEM & VALUE CHAIN
5.3.1.    ECOSYSTEM ANALYSIS
5.3.1.1.    IMPACT OF COVID-19 ON THE MARKET ECOSYSTEM
5.3.2.    VALUE CHAIN ANALYSIS
5.3.2.1.    IMPACT OF COVID-19 ON THE MARKET VALUE CHAIN
5.4.    INNOVATION & SUSTAINABILITY MATRICES
5.4.1.    PATENT MATRIX
5.4.2.    REGULATORY MATRIX
5.5.    PORTER’S FIVE FORCES ANALYSIS
5.5.1.    BARGAINING POWER OF SUPPLIERS
5.5.2.    BARGAINING POWER OF CONSUMERS
5.5.3.    THREAT OF SUBSTITUTES
5.5.4.    THREAT OF NEW-ENTRANTS
5.5.5.    COMPETITIVE RIVALRY INTENSITY
5.6.    PESTLE ANALYSIS
5.6.1.    POLITICAL
5.6.2.    ECONOMICAL
5.6.3.    SOCIAL
5.6.4.    TECHNOLOGICAL
5.6.5.    ENVIRONMENTAL
5.7.    IMPACT OF COVID-19 ON GLOBAL GLOBAL DRONE ANALYTICS MARKET
5.7.1.    PRE-COVID MARKET SCENARIO
5.7.2.    POST-COVID MARKET SCENARIO

CHAPTER 6.    GLOBAL DRONE ANALYTICS MARKET ANALYSIS, BY TYPE
6.1.    INTRODUCTION
6.1.1.    ON-DEMAND
6.1.2.    ON-PREMISES

CHAPTER 7.    GLOBAL DRONE ANALYTICS MARKET ANALYSIS, BY APPLICATION
7.1.    INTRODUCTION
7.1.1.    GEOLOCATION TAGGING
7.1.2.    GROUND EXPLORATION
7.1.3.    THERMAL DETECTION
7.1.4.    AERIAL MONITORING
7.1.5.    OTHERS

CHAPTER 8.     GLOBAL DRONE ANALYTICS MARKET ANALYSIS, BY END-USE
8.1.    INTRODUCTION
8.1.1.    AGRICULTURE AND FORESTRY
8.1.2.    CONSTRUCTION
8.1.3.    MINING AND QUARRYING
8.1.4.    OIL AND GAS
8.1.5.    OTHERS

CHAPTER 9.    GLOBAL DRONE ANALYTICS MARKET ANALYSIS, BY REGION
9.1.    INTRODUCTION
9.1.1.    NORTH AMERICA
9.1.1.1.    UNITED STATES (U.S.)
9.1.1.2.    CANADA
9.1.1.3.    MEXICO
9.1.2.    SOUTH AMERICA
9.1.2.1.    ARGENTINA
9.1.2.2.    BRAZIL
9.1.2.3.    COLOMBIA
9.1.2.4.    REST OF SOUTH AMERICA
9.1.3.    EUROPE
9.1.3.1.    GERMANY
9.1.3.2.    FRANCE
9.1.3.3.    UNITED KINGDOM (UK)
9.1.3.4.    RUSSIA
9.1.3.5.    SPAIN
9.1.3.6.    ITALY
9.1.3.7.    SWITZERLAND
9.1.3.8.    REST OF EUROPE
9.1.4.    ASIA-PACIFIC
9.1.4.1.    CHINA
9.1.4.2.    JAPAN
9.1.4.3.    INDIA
9.1.4.4.    SOUTH KOREA
9.1.4.5.    AUSTRALIA
9.1.4.6.    INDONESIA
9.1.4.7.    SINGAPORE
9.1.4.8.    MALAYSIA
9.1.4.9.    REST OF ASIA-PACIFIC
9.1.5.    MIDDLE EAST
9.1.5.1.    EGYPT
9.1.5.2.    KUWAIT
9.1.5.3.    SAUDI ARABIA
9.1.5.4.    UNITED ARAB EMIRATES (UAE)
9.1.5.5.    REST OF MIDDLE EAST
9.1.6.    AFRICA
9.1.6.1.    EGYPT
9.1.6.2.    NIGERIA
9.1.6.3.    SOUTH AFRICA
9.1.6.4.    REST OF AFRICA

CHAPTER 10.    COMPETITIVE LANDSCAPE
10.1.    TOP WINNING STRATEGIES
10.1.1.    BY STRATEGY
10.1.2.    BY REGION
10.1.3.    BY YEAR
10.2.    COMPETITIVE HEATMAP
10.3.    PRODUCT BENCHMARKING
10.4.    STRATEGIC BENCHMARKING
10.4.1.    MERGERS & ACQUISITIONS
10.4.2.    STRATEGIC PARTNERSHIPS & COLLABORATIONS

CHAPTER 11.    PLAYER BENCHMARKING
11.1.    AEROVIRONMENT, INC.
11.1.1.    BUSINESS OVERVIEW
11.1.2.    PRODUCT OFFERINGS
11.1.3.    FINANCIAL OVERVIEW
11.1.4.    STRATEGIC BENCHMARKING
11.1.5.    SWOT ANALYSIS
11.2.    DELTA DRONE SA
11.2.1.    BUSINESS OVERVIEW
11.2.2.    PRODUCT OFFERINGS
11.2.3.    FINANCIAL OVERVIEW
11.2.4.    STRATEGIC BENCHMARKING
11.2.5.    SWOT ANALYSIS
11.3.    HUVRDATA
11.3.1.    BUSINESS OVERVIEW
11.3.2.    PRODUCT OFFERINGS
11.3.3.    FINANCIAL OVERVIEW
11.3.4.    STRATEGIC BENCHMARKING
11.3.5.    SWOT ANALYSIS
11.4.    OPTELOS LLC
11.4.1.    BUSINESS OVERVIEW
11.4.2.    PRODUCT OFFERINGS
11.4.3.    FINANCIAL OVERVIEW
11.4.4.    STRATEGIC BENCHMARKING
11.4.5.    SWOT ANALYSIS
11.5.    PRECISIONHAWK
11.5.1.    BUSINESS OVERVIEW
11.5.2.    PRODUCT OFFERINGS
11.5.3.    FINANCIAL OVERVIEW
11.5.4.    STRATEGIC BENCHMARKING
11.5.5.    SWOT ANALYSIS
11.6.    3DR
11.6.1.    BUSINESS OVERVIEW
11.6.2.    PRODUCT OFFERINGS
11.6.3.    FINANCIAL OVERVIEW
11.6.4.    STRATEGIC BENCHMARKING
11.6.5.    SWOT ANALYSIS
11.7.    DELAIR
11.7.1.    BUSINESS OVERVIEW
11.7.2.    PRODUCT OFFERINGS
11.7.3.    FINANCIAL OVERVIEW
11.7.4.    STRATEGIC BENCHMARKING
11.7.5.    SWOT ANALYSIS
11.8.    DRONEDEPLOY
11.8.1.    BUSINESS OVERVIEW
11.8.2.    PRODUCT OFFERINGS
11.8.3.    FINANCIAL OVERVIEW
11.8.4.    STRATEGIC BENCHMARKING
11.8.5.    SWOT ANALYSIS
11.9.    KESPRY INC.
11.9.1.    BUSINESS OVERVIEW
11.9.2.    PRODUCT OFFERINGS
11.9.3.    FINANCIAL OVERVIEW
11.9.4.    STRATEGIC BENCHMARKING
11.9.5.    SWOT ANALYSIS
11.10.    PIX4D SA
11.10.1.    BUSINESS OVERVIEW
11.10.2.    PRODUCT OFFERINGS
11.10.3.    FINANCIAL OVERVIEW
11.10.4.    STRATEGIC BENCHMARKING
11.10.5.    SWOT ANALYSIS

CHAPTER 12.    APPENDIX
12.1.    PREMIUM INSIGHTS FROM INDUSTRY EXPERTS
12.2.    RELATED REPORTS