According to a new report Global Drone Analytics Market, published by KBV research, The Global Drone Analytics Market size is expected to reach $31.2 billion by 2027, rising at a market growth of 22.3% CAGR during the forecast period.
The construction and infrastructure segment would showcase the promising growth rate during the forecast period. Drones have the potential to digitally document and track construction sites that help the end-users to take quick decisions regarding unforeseen problems and solve the situation on the basis of data collected. In addition, the footage recorded by the drone can be converted into 3D models incorporated with real-world conditions, assisting them to enhance prototypes and facilitating higher feasibility during the pre-construction phase.
The thermal detection application garnered the highest revenue share of the drone analytics market in 2020. Factor such as rising demand for thermal detection technology across various industries such as oil & gas, agriculture, and construction & mining is responsible for the growth of this segment. With the help of thermal detection, it becomes easier to identify gas leakages on towers or platforms and alleviate possible risky situations and exposure to emissions for workers, which may lead to a complete shutdown of the unit.
North America emerged as the leading region in the global drone analytics market in 2020. Massive investment in drone analytics from the commercial sector is boosting the growth of the regional market. In addition, the surge in the adoption rate of drone analytics solutions incorporated with technologies like Machine Learning (ML), AI, and computer vision across several sectors, such as energy & utilities, agriculture, and oil & gas, is creating lucrative growth opportunities for the players operating in the regional drone analytics market.
Full Report: https://www.kbvresearch.com/drone-analytics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Delta Drone SA, AgEagle Aerial Systems, Inc., HUVRdata, Inc., Sentera, Inc., Optelos LLC, Kespry, Inc., Pix4D SA, DroneDeploy, Inc., VIATechnik, LLC and Esri, Inc.
By Application
By Deployment Type
By End User
By Geography
Companies Profiled
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