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Drone Analytics Market Size, Share, and Russia-Ukraine War Impact Analysis, By Type (On-Premises and On-Demand), By Solution (End-to-end Solutions and Point Solutions), By Application (Geolocation Tagging, Thermal Detection, Aerial Monitoring, Volumetric Calculation, Ground Exploration, 3D Modeling, and Others), By End-User (Construction, Mining & Quarrying, Agriculture and Forestry, Insurance, Utility, Oil & Gas, Transportation, Telecommunications, Scientific Research, and Others) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI109647 | Status : Ongoing

 

KEY MARKET INSIGHTS

The Drone Analytics Market worldwide is experiencing robust growth, with a noteworthy CAGR projected for the forecast period until 2032. Drone analytics refers to data captured by drones that is collected, processed and analyzed by drone analytics. Software is used to track the flight of the drone, create 2D and 3D visualizations of the area or site being surveyed, and process the visualizations in a way that allows users to view and edit them. Geospatial data is the data processed.


Data from drones refers to the data gathered by unmanned aerial vehicles, also known as drones. LiDAR point clouds, multispectral or hyperspectral data, and other sensor readings can be included in this data. The data is usually stored onboard or transmitted in real time to a ground station or cloud storage for processing and analysis. Advanced software tools are then used to interpret and extract meaningful information from the raw drone data. This enables applications, such as creating high-resolution maps, generating 3D models, detecting changes over time, identifying anomalies, and aiding decision-making in various industries and fields.

Agriculture, mining, construction, infrastructure, and oil and gas are some of the sectors that use drone analytics. Aerial analytics, for instance, can be employed to map and mark agricultural land, assess soil health, and devise irrigation strategies. Real-time aerial inspection, site data capture and volume measurement can be done in construction. The amount of crude oil present beneath the surface can be assessed using it in the oil and gas industry. Additionally, The demand for cloud-based drone analytics solutions is growing, particularly from industries such as construction, mining, and agriculture. This is driving the growth of the on-demand segment.

Impact of Russia-Ukraine War on the Drone Analytics Market


The Russia-Ukraine war has had a positive impact on the Drone Analytics market. A raging war between Russia and Ukraine has led to an increased demand for advanced UAV systems, including drone analytics for surveillance and security. The demand for analytical solutions is growing, particularly from the commercial sector. Companies are looking for ways to analyze the data collected by drones to make informed decisions. The demand for drone analytics in the transportation industry is growing as companies look for ways to improve efficiency and reduce costs. Drone analytics can help companies track vehicle movement, monitor traffic flow, and detect road hazards. For instance,  in May 2024, Drones were a weapon system for modern battlefields, as revealed by the Russian invasion of Ukraine. There are some sobering realities to face from high-tech tools of warfare as other states rush to follow. In 2020, drones were branded "magical bullets" by Azerbaijan in their clash with Armenia over the region of Nagorno-Karabakh. Today, after the Russian invasion of Ukraine, drone enthusiasts are eager about the usage.





























By Type


By Solution


By Application


By End-User


By Region


 



  • On-Premises

  • On-Demand




  • End-to-end Solutions

  • Point Solutions



 


  • Geolocation Tagging

  • Thermal Detection

  • Aerial Monitoring

  • Volumetric Calculation

  • Ground Exploration

  • 3D Modeling

  • Others




  • Construction

  • Mining & quarrying

  • Agriculture and forestry

  • Insurance

  • Utility

  • Oil & gas

  • Transportation

  • Telecommunications

  • Scientific research

  • Others




  • North America (The U.S. and Canada)

  • Europe (The U.K., Germany, France, Russia, Italy, and the Rest of Europe)

  • Asia Pacific (China, India, Japan, and the Rest of Asia Pacific)


 


  • Rest of the World (Latin America and Middle East & Africa)


             

Key Insights


The report covers the following key insights:


  • The report analyzes a detailed overview of the industry, including qualitative and quantitative information.

  • It analyzes an overview and forecast of the global drone analytics market based on different segments.

  • The report also analyzes comprehensive PEST analysis for all five regions: North America, Europe, Asia Pacific, and the rest of the world. After evaluating economic, technological and political factors affecting the impact of the submarine cable system for sensors and power distribution market in these regions.


Analysis by End-User


By end-user, the market is divided into construction, mining & quarrying, agriculture and forestry, insurance, utility, oil & gas, transportation, telecommunications, scientific research, and others.

The oil and gas segment is expected to gain traction over the forecast period owing to its application in monitoring and examining the pipeline network used to transport oil and gas. Drone analytics would aid infrared thermography in detecting thermal anomalies that act as a major indicator of leaks or corrosion along pipeline surfaces.

Regional Analysis


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The global market is geographically segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to lead the drone analytics market over the forecast period. The presence of some prominent market players and ongoing war conditions mainly drive the development of the market in the region.

Asia Pacific is predicted to rise at the highest CAGR owing to growth in the aviation industry, increased government initiatives and growing technological advancements in drone technology in the forthcoming years.

Key Players Covered



  • 3DR

  • AeroVironment, Inc

  • Delair

  • Delta Drone SA

  • DroneDeploy

  • Huvrdata

  • Kespry Inc

  • Optelos LLC

  • Pix4D SA

  • PrecisionHawk


Key Industry Developments



  • In November 2023, Magellanic Cloud Limited announced the launch of its cutting-edge drone command and control center in Bengaluru. The expansion of the company's capabilities underscores its commitment to providing cutting-edge solutions for real-time monitoring, security, compliance, remote piloting, and client collaboration.

  • Links- https://timesofindia.indiatimes.com/business/india-business/magellanic-cloud-launches-its-drone-command-and-control-centre-in-bengaluru/articleshow/105044586.cms

  • In September 2023, Grene Robotics, a Hyderabad-India-based company, unveiled an unprecedented effort to enhance India's defense capabilities. A pioneering anti-drone mechanism dubbed "Indrajaal" has been unveiled by the Hyderabad-based firm and is expected to be a vital phase in India's defense technological advancements marked by this AI-integrated safeguarding tool.

  • Links- https://yourstory.com/2023/09/grene-robotics-indrajaal-ai-anti-drone-system-india





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  • 2023
  • 2019-2022
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