The global drone analytics software market size was valued at USD 1.99 billion in 2022 and is projected to grow from USD 2.15 billion in 2023 to USD 4.45 billion by 2030, exhibiting a CAGR of 10.95% during the forecast period. Drone analytics software refers to a class of software applications that are used to process and analyze data collected by unmanned aerial vehicles (UAVs), also known as drones. These software applications provide a range of features, including data processing, visualization, and analysis, to help users derive insights from the data collected by drones.
Information Source:
https://www.fortunebusinessinsights.com/drone-analytics-software-market-104074
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Recent industry developments include product launches, partnerships, mergers, and acquisitions.
Drones are increasingly being used in a wide range of industries, including agriculture, construction, mining, surveying, and more. They can be equipped with a variety of sensors, such as cameras, LiDAR, and thermal imaging sensors, which allow them to collect data on everything from crop health to building structures.
However, the data collected by drones is often large and complex, making it difficult to analyze and make use of. This is where drone analytics software comes in, providing users with the tools they need to process and analyze this data.
Major Companies Covered in Drone Analytics Software Market are:
- i3D Robotics (U.S.)
- Dreamhammer Inc. (U.S.)
- DroneDeploy Inc. (U.S.)
- ESRI (U.S.)
- Pix4D (Switzerland)
- Precisionhawk Inc. (U.S.)
- Sensefly Ltd. (Switzerland)
- DJI (China)
- Drone Volt (France)
- Airware, Inc (U.S.
Unmanned Aerial Vehicles (UAVs) are in demand to capture and record superior photos and videos in security, infrastructure, media, entertainment, and military industries. There are tremendous opportunities and exposure for logistics, energy, transportation, and logistics industries. Drones have gained immense popularity due to capturing high-definition videos and superior photos. The drone analytics software market growth is expected to escalate during 2023-2030.
Some of the key features of drone analytics software include:
- Data processing: Drone analytics software can take raw data collected by drones and process it into usable formats, such as maps, 3D models, and point clouds.
- Visualization: Drone analytics software often includes visualization tools that allow users to view data in 2D or 3D formats, making it easier to identify patterns and trends.
- Analysis: Drone analytics software can perform a wide range of analysis tasks, such as identifying areas of crop stress, measuring distances and volumes, and detecting changes over time.
- Reporting: Drone analytics software can generate reports and provide insights based on the data collected by drones, allowing users to make informed decisions.
- Integration: Many drone analytics software applications can be integrated with other software systems, such as GIS software, to provide a more comprehensive view of the data collected by drones.
Some examples of popular drone analytics software include Pix4D, DroneDeploy, and Agisoft Metashape. These software applications are used in a wide range of industries and can provide valuable insights into everything from crop health to infrastructure maintenance.
In summary, drone analytics software is a critical component of the drone ecosystem, providing users with the tools they need to process, analyze, and make use of the data collected by drones.
Segments:
Increasing Demand for On-demand Services will Drive the Market Growth
Based on type, the market is bifurcated into on-premises and on-demand. Due to the rising demand for cloud-based solutions and drones by the defense and commercial sectors, the on-demand segment is estimated to dominate the type segment. The rising demand for remote-controlled aerial vehicles for security concerns surged the need for on-premises assembly for drone analytics software in the commercial sector.
End-to-End Solution Segment to Drive the Market Growth
The end-to-end solution segment is estimated to lead the solution segment during the forecast period, owing to increasing demand for total solution packages from data collection to final report presentations. Point solution offers drones security solutions such as surveying, collecting, processing data, and capture. Due to the restrictions imposed on security details related to defense forces, the defense sector of countries, such as India, China, and South Korea, witnessed the demand for point solution.
Aerial Monitoring Segment to Witness the Largest Market Share due to Use of Drone Analytics
The aerial monitoring segment accounted for the largest market share in 2022. It is also estimated to be the fastest growing segment during the forecast period. With the growing use of drones in 3D modelling and volumetric calculations, the construction segment witnessed huge demand for drone analytics.
Drivers and Restraints:
Growing Adoption of Drones for Security Purposes to Escalate Market Growth
Technological advancements and developments in analytics and software are anticipated to impact UAV software. Drones can fly at different locations regardless of altitude and range. This solution has increased the adoption and demand for aerial vehicles in many countries. Many commercial applications, such as construction and industrial, precision agriculture, security, infrastructure, insurance, energy, logistics, and transportation, are anticipated to drive the growth of the drone industry. Hence, the drone analytics software market share will grow during the forecast period.
