Drone Analytics Software Market
PUBLISHED: 2024 ID: SMRC24870
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Drone Analytics Software Market

Drone Analytics Software Market Forecasts to 2030 - Global Analysis By Drone Type (Fixed Wing, Multirotor and Hybrid), Data Type (Structured Data and Unstructured Data), Solution Type, Platform, Application, End User and By Geography

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4.0 (53 reviews)
Published: 2024 ID: SMRC24870

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $3.48 BN

Projected Year Value (2030)

US $18.98 BN

CAGR (2023 - 2030)

27.4%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Drone Analytics Software Market is accounted for $3.48 billion in 2023 and is expected to reach $18.98 billion by 2030 growing at a CAGR of 27.4% during the forecast period. Drone analytics software is pivotal in transforming the capabilities of unmanned aerial vehicles. This sophisticated software empowers drones to gather, process, and interpret vast amounts of data from their surroundings. It utilizes advanced algorithms and artificial intelligence to extract meaningful insights, ranging from crop health assessment in agriculture to infrastructure monitoring. By automating data analysis, drone analytics software enhances efficiency, enables rapid decision-making, and facilitates predictive modeling.

According to the Federal Aviation Administration, there were more than 500,000 registered drones for recreation and hobbyist purposes.

Market Dynamics: 

Driver: 

Increased focus on precision agriculture

The heightened emphasis on precision agriculture enhances the demand for drone analytics software as a pivotal technology. Drones equipped with advanced sensors capture precise data on crop health, soil conditions, and overall farm performance. This data is then analyzed by sophisticated software, providing farmers with actionable insights for optimized decision-making. The integration of drone analytics in agriculture maximizes efficiency, minimizes resource usage, and improves overall productivity. Consequently, the growing adoption of precision agriculture significantly propels the drone analytics software market.

Restraint:

Security concerns

Security concerns in drone analytics software, such as data breaches, unauthorized access, and cyber-attacks, pose significant threats to the market. These issues can compromise sensitive information collected by drones, leading to privacy violations and potential misuse. Fear of security lapses discourages adoption and investment in drone analytics solutions, hampering market growth.

Opportunity:

Increasing need for surveillance and monitoring

As industries recognize the value of real-time aerial data for security, agriculture, infrastructure, and more, the demand for advanced analytics software to process and interpret drone-captured information is on the rise. This growing need positions the drone analytics software market as a promising sector for innovation and development, with increased investment potential in meeting the expanding requirements of diverse sectors relying on drone-based surveillance and monitoring capabilities.

Threat:

High implementation cost

The drone analytics software incurs high implementation costs primarily due to the need for sophisticated hardware, advanced sensors, and specialized software. These expenses pose a barrier for smaller businesses and organizations with limited budgets. Additionally, the complexity of data processing and analysis tools further contributes to the overall implementation cost, deterring potential users and impeding the market's broader adoption.

Covid-19 Impact

The covid-19 pandemic has influenced the drone analytics software market as it prompted increased demand for drone-based solutions in various industries such as healthcare, agriculture, and logistics. Drones were utilized for surveillance, monitoring, and delivery services, driving the adoption of analytics software to derive valuable insights. Despite initial disruptions in manufacturing and supply chains, the market experienced growth due to the escalating need for efficient and contactless solutions during the pandemic, fostering technological advancements and industry collaboration in drone analytics software development.

The surveillance & monitoring segment is expected to be the largest during the forecast period

The surveillance & monitoring segment is estimated to have a lucrative growth. Surveillance & Monitoring applications in drone analytics software empower real-time data acquisition and analysis for enhanced situational awareness. Leveraging advanced sensor technologies, these systems enable efficient aerial surveillance, monitoring, and reconnaissance across diverse sectors, including security, agriculture, and infrastructure. Offering features such as live video streaming, geo-fencing, and anomaly detection, drone analytics software ensures swift response to events and facilitates data-driven decision-making. 

The commercial enterprises segment is expected to have the highest CAGR during the forecast period

The commercial enterprises segment is anticipated to witness the highest CAGR growth during the forecast period. Drone analytics software is pivotal for commercial enterprises, revolutionizing operations across diverse sectors. Its sophisticated capabilities leverage drone-captured data for insightful analysis, enhancing decision-making and operational efficiency. The software empowers commercial enterprises to streamline processes, improve safety, and achieve unprecedented insights through data-driven strategies, marking a transformative era in business operations.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising demand for efficient data analysis, enhanced drone capabilities, and the expansion of applications in agriculture, construction, and infrastructure. The region's favourable regulatory environment and advancements in artificial intelligence and machine learning further contribute to market expansion.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the increasing adoption of unmanned aerial vehicles across various industries. The Asia-Pacific region is witnessing demand for the product in developing countries like China and India, where the equipment is commonly used for inspection and monitoring tasks in the agriculture and utilities sectors. Furthermore, according to the IBEF, India is becoming a more drone-friendly country when it comes to using drones for non-commercial purposes including aerial photography, mining operations, disaster relief, and charting railroad and national highway routes.

Key players in the market

Some of the key players profiled in the Drone Analytics Software Market include Airware, DroneDeploy, PrecisionHawk, Pix4D, Asteria Aerospace, SenseFly, Kespry, Skycatch, Aerial Vantage, SimActive, Delair, Skyward, DJI Terra, Agisoft, Percepto, Passenger Drone Research Private Limited, Aerobotics and UAV-IQ.

Key Developments:

In March 2023, Passenger Drone Research Private Limited, launched indigenously developed software, AeroGCS Green, that helps farmers to map entire field and lanes, where spraying needs not be done, specify the quantity of pesticides to be sprayed etc., thus helping in cost-effective spraying that can be accomplished in minutes as against hours required for activity.

In November 2022, Aerial Vantage announced the release of its flagship product, Accelerate. This advanced geospatial intelligence platform enhances stakeholders' ability to make use of aerial imagery by collecting, processing, managing, and transforming data from airborne sensors (e.g., aircraft, drone, satellite).

In March 2022, Asteria Aerospace, a drone manufacturer and solution provider in India, has launched its drone operations platform SkyDeck. SkyDeck is a cloud-based software platform to deliver a Drone-as-a-Service (DaaS) solution for various industry verticals, such as agriculture, surveying, industrial inspections, and surveillance and security.

Drone Types Covered:
• Fixed Wing
• Multirotor
• Hybrid

Data Types Covered:
• Structured Data
• Unstructured Data

Solution Types Covered:
• Aerial Data Analysis
• Geospatial Analysis
• Financial Analysis
• Thermal Analysis
• Lidar Data Processing
• Other Solution Types

Platforms Covered:
• Cloud-Based
• On-Premises

Applications Covered:
• Agriculture
• Construction
• Infrastructure Inspection
• Surveillance & Monitoring
• Environmental Monitoring
• Insurance
• Disaster Management
• Mining
• Other Applications

End Users Covered:
• Government
• Commercial Enterprises
• Military
• Small & Medium-sized Enterprises (SMEs)
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
     
2 Preface    
 2.1 Abstract   
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology 
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions 
     
3 Market Trend Analysis  
 3.1 Introduction  
 3.2 Drivers   
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats   
 3.6 Application Analysis 
 3.7 End User Analysis  
 3.8 Emerging Markets  
 3.9 Impact of Covid-19  
     
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry  
     
5 Global Drone Analytics Software Market, By Drone Type
 5.1 Introduction  
 5.2 Fixed Wing  
 5.3 Multirotor  
 5.4 Hybrid   
     
6 Global Drone Analytics Software Market, By Data Type
 6.1 Introduction  
 6.2 Structured Data  
 6.3 Unstructured Data  
     
7 Global Drone Analytics Software Market, By Solution Type
 7.1 Introduction  
 7.2 Aerial Data Analysis  
 7.3 Geospatial Analysis  
 7.4 Financial Analysis  
 7.5 Thermal Analysis  
 7.6 Lidar Data Processing 
 7.7 Other Solution Types 
     
8 Global Drone Analytics Software Market, By Platform
 8.1 Introduction  
 8.2 Cloud-Based  
 8.3 On-Premises  
     
9 Global Drone Analytics Software Market, By Application
 9.1 Introduction  
 9.2 Agriculture  
 9.3 Construction  
 9.4 Infrastructure Inspection 
 9.5 Surveillance & Monitoring 
 9.6 Environmental Monitoring 
 9.7 Insurance  
 9.8 Disaster Management 
 9.9 Mining   
 9.10 Other Applications  
     
10 Global Drone Analytics Software Market, By End User
 10.1 Introduction  
 10.2 Government  
 10.3 Commercial Enterprises 
 10.4 Military   
 10.5 Small & Medium-sized Enterprises (SMEs)
 10.6 Other End Users  
     
11 Global Drone Analytics Software Market, By Geography
 11.1 Introduction  
 11.2 North America  
  11.2.1 US  
  11.2.2 Canada  
  11.2.3 Mexico  
 11.3 Europe   
  11.3.1 Germany  
  11.3.2 UK  
  11.3.3 Italy  
  11.3.4 France  
  11.3.5 Spain  
  11.3.6 Rest of Europe 
 11.4 Asia Pacific  
  11.4.1 Japan  
  11.4.2 China  
  11.4.3 India  
  11.4.4 Australia  
  11.4.5 New Zealand 
  11.4.6 South Korea 
  11.4.7 Rest of Asia Pacific 
 11.5 South America  
  11.5.1 Argentina 
  11.5.2 Brazil  
  11.5.3 Chile  
  11.5.4 Rest of South America
 11.6 Middle East & Africa 
  11.6.1 Saudi Arabia 
  11.6.2 UAE  
  11.6.3 Qatar  
  11.6.4 South Africa 
  11.6.5 Rest of Middle East & Africa
     
12 Key Developments   
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
 12.2 Acquisitions & Mergers 
 12.3 New Product Launch 
 12.4 Expansions  
 12.5 Other Key Strategies 
     
13 Company Profiling   
 13.1 Airware   
 13.2 DroneDeploy  
 13.3 PrecisionHawk  
 13.4 Pix4D   
 13.5 Asteria Aerospace  
 13.6 SenseFly   
 13.7 Kespry   
 13.8 Skycatch   
 13.9 Aerial Vantage  
 13.10 SimActive  
 13.11 Delair   
 13.12 Skyward   
 13.13 DJI Terra   
 13.14 Agisoft   
 13.15 Percepto    
 13.16 Passenger Drone Research Private Limited
 13.17 Aerobotics  
 13.18 UAV-IQ   
     
List of Tables    
1 Global Drone Analytics Software Market Outlook, By Region (2021-2030) ($MN)
2 Global Drone Analytics Software Market Outlook, By Drone Type (2021-2030) ($MN)
3 Global Drone Analytics Software Market Outlook, By Fixed Wing (2021-2030) ($MN)
4 Global Drone Analytics Software Market Outlook, By Multirotor (2021-2030) ($MN)
5 Global Drone Analytics Software Market Outlook, By Hybrid (2021-2030) ($MN)
6 Global Drone Analytics Software Market Outlook, By Data Type (2021-2030) ($MN)
7 Global Drone Analytics Software Market Outlook, By Structured Data (2021-2030) ($MN)
8 Global Drone Analytics Software Market Outlook, By Unstructured Data (2021-2030) ($MN)
9 Global Drone Analytics Software Market Outlook, By Solution Type (2021-2030) ($MN)
10 Global Drone Analytics Software Market Outlook, By Aerial Data Analysis (2021-2030) ($MN)
11 Global Drone Analytics Software Market Outlook, By Geospatial Analysis (2021-2030) ($MN)
12 Global Drone Analytics Software Market Outlook, By Financial Analysis (2021-2030) ($MN)
13 Global Drone Analytics Software Market Outlook, By Thermal Analysis (2021-2030) ($MN)
14 Global Drone Analytics Software Market Outlook, By Lidar Data Processing (2021-2030) ($MN)
15 Global Drone Analytics Software Market Outlook, By Other Solution Types (2021-2030) ($MN)
16 Global Drone Analytics Software Market Outlook, By Platform (2021-2030) ($MN)
17 Global Drone Analytics Software Market Outlook, By Cloud-Based (2021-2030) ($MN)
18 Global Drone Analytics Software Market Outlook, By On-Premises (2021-2030) ($MN)
19 Global Drone Analytics Software Market Outlook, By Application (2021-2030) ($MN)
20 Global Drone Analytics Software Market Outlook, By Agriculture (2021-2030) ($MN)
21 Global Drone Analytics Software Market Outlook, By Construction (2021-2030) ($MN)
22 Global Drone Analytics Software Market Outlook, By Infrastructure Inspection (2021-2030) ($MN)
23 Global Drone Analytics Software Market Outlook, By Surveillance & Monitoring (2021-2030) ($MN)
24 Global Drone Analytics Software Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
25 Global Drone Analytics Software Market Outlook, By Insurance (2021-2030) ($MN)
26 Global Drone Analytics Software Market Outlook, By Disaster Management (2021-2030) ($MN)
27 Global Drone Analytics Software Market Outlook, By Mining (2021-2030) ($MN)
28 Global Drone Analytics Software Market Outlook, By Other Applications (2021-2030) ($MN)
29 Global Drone Analytics Software Market Outlook, By End User (2021-2030) ($MN)
30 Global Drone Analytics Software Market Outlook, By Government (2021-2030) ($MN)
31 Global Drone Analytics Software Market Outlook, By Commercial Enterprises (2021-2030) ($MN)
32 Global Drone Analytics Software Market Outlook, By Military (2021-2030) ($MN)
33 Global Drone Analytics Software Market Outlook, By Small & Medium-sized Enterprises (SMEs) (2021-2030) ($MN)
34 Global Drone Analytics Software Market Outlook, By Other End Users (2021-2030) ($MN)
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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