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Drone technology is rapidly penetrating the untapped market by the major players across the globe. drone-based software with analytics is mostly prefered in agriculture, mining, insurance and construction sector. The analytics software is solving problem-related to the monitoring, mapping and processing. The integration of artificial intelligence and machine learning is providing superior results from the analytic software by extracting complex aerial information in the form of images and videos captured. Technological advancement in the analytics can create and analyze 2D and 3D visualisation recorded by the drones. The system is also able to analyse cloud-based data visualisation on the various platforms with excellent accuracy. The growing trend for extracting the valuable flight intelligence information to increase agriculture production yield is likely to fuel the market growth during the forecast period
By application, the market is segmented into the thermal detection, geo-location tagging, aerial monitoring, ground exploration, volumetric calculations, 3D modelling, and others. Based on type, the market is segmented into the on-premise and on-demand. Based on solution, the market is segmented in to end to end solutions and point solution. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and Rest of the world.
Key Market Driver -
Rise in adoption of drone software is projected to boost the market growth
Key Market Restraint -
Vulnerable for Cyber Attack May hamper Future Market Growth
The major companies in the global drone analytics software market report include Kespry Inc. (U.S.), Neurala Inc., (U.S.) DroneSense Inc., (U.S.), DreamHammer Inc., (U.S.), PrecisionHawk (U.S.), DroneDeploy (U.S.), Pix4D (Switzerland), 3D Robotics (U.S.), Parrot Drones (France), Drone Volt (France), Airware Inc., (U.S.), and SenseFLY (Switzerland) and among others.
Drone analytics software market has been segmented into North America, Europe, Asia Pacific, and Rest of the world. North America estimated to be the leading market during the forecast period. North America is projected to hold a major share in the drone analytics software market during the forecast period. Precision Hawk (The U.S.), and Drone Deploy (The U.S.), Kespry (U.S.) and 3D Robotics (U.S.) are the major companies strong supporting the regional growth in the drone analytics software market. These companies are key players in the market providing a large platform for the software-based system in various industries. Asia-Pacific is expected to grow at a significant rate owing to the numerous companies operating in the region addressing the analytics solutions. The major growth in the market is expected to be carried by the emerging economies such as China, India and Japan during the forecast period. Europe is likely to grow at a moderate pace owing to the strong presence of major players such as SenseFLY (France), Pix4D (Switzerland), and Drone Volt (France). These players are strongly supporting the market growth and anticipated to continue in the coming years. In the Rest of the world is projected to expand at slow rate due to rising infrastructure development in the countries such as Brazil, South Africa and Saudi Arabia to fuel demand in the future years.
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