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Drone Analytics Market Report- Demand, Cost Structures, Latest trends, and Forecasts to 2028

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Swapnil GVR
Drone Analytics Market Report- Demand, Cost Structures, Latest trends, and Forecasts to 2028

The global drone analytics market size was valued at USD 7.20 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 22.8% from 2021 to 2028. The growing demand for sophisticated industry-specific analytical solutions that assist companies in gaining actionable insights from the data acquired by drones is primarily driving the growth. 

Drone analytics software enables businesses to consume, view, and analyze aerial data collected by drones. These solutions provide 2D and 3D visualizations of the sites recorded by a drone, including slope maps and digital surface models. These products can also measure distances and determine the length and area, as well as the volume, of a stockpile.

Drone analytics tools are primarily used by data analysts who can pull insights from the aerial data. The analytics pulled from these solutions are often leveraged by construction and mining businesses to estimate the quantity of raw materials and stockpiles in their inventory to provide accurate inventory analysis much faster than traditional processes. Additionally, users in these industries can help ensure safety and minimize risk by confirming that machinery is up to compliance codes. Insurance and property management companies may use enterprise drone analytics software for quick inspections, particularly when it comes analyzing the images of roofs and areas that are difficult to examine.

Top Key Players studied in Global Podcasting Market:

  • Airware
  • DroneDeploy
  • Delta Drone
  • PrecisionHawk
  • AeroVironment

For Right Perspective & Competitive Insights, Request a Sample @:

https://www.grandviewresearch.com/industry-analysis/drone-analytics-market-report/request/rs1

The 3D modeling segment is expected to register the highest CAGR of 25.0% from 2021 to 2028. 3D modeling allows for the efficient visualization and reconstruction of assets. For instance, a wind turbine engineer can use 3D modeling technology to visualize the construction of a windmill. The images captured by drones would be processed by the analytics software, further transforming into a 3D point cloud, and thereafter into a solid 3D model. These models can be beneficial in performing virtual tours of assets or for preparing for maintenance visits. The information gathered is faster and modeling of assets is precise, ultimately enhancing the productivity of the workforce.

Product Segment Analysis:

  • Power & Utility
  • Construction & Infrastructure
  • Oil & Gas
  • Agriculture
  • Transportation & Logistics

 

Application Segment Analysis:

  • Thermal Detection
  • Aerial Monitoring
  • Ground Exploration
  • 3D Modeling
  • Others

Segmentation by Region :

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Access Press Release @

https://www.grandviewresearch.com/press-release/global-drone-analytics-market

 

COVID-19 Impact:

The outbreak of the COVID-19 pandemic has significantly increased the demand for antiviral medicines globally. The treatment of novel coronavirus has increased the demand for broad-spectrum Drone Analytics to manage the disease. Remdesivir, favipiravir, oseltamivir, and other combination medicines are highly prescribed for the treatment of COVID-19. Moreover, governments are increasing funding to pharmaceutical companies to develop novel therapeutics against COVID-19. For instance, in June 2021, the U.S. government has announced an investment of more than USD 3 billion to fasten the discovery, development, and manufacturing of antiviral medicines for COVID-19 treatment. The rising incidence of disease coupled with increasing R&D will increase the demand for Drone Analytics in the next 2 to 3 years.

The global Drone Analytics market is illustrated by key results:

  • The Drone Analytics market research report comprises products developed, industries they cater to, and the strategies they adopt.
  • Data related to the organizations such as the sales amassed by the manufacturers has also been mentioned. The report offers data related to the firm’s price models along with gross margins.
  • The Drone Analytics market research report presents data regarding products and market share of the product segments.
  • The report entails sales that are accounted for by the products and the revenues earned by these product segments.

Good Reasons to Buy a Global Drone Analytics Market Report:

  • Offers detailed market breakdown and data triangulation that will help guide the market trends.
  • The methodology used in the report gives the absolute authentic data that helps advising whether the market has an opportunity in the upcoming years.
  • Provides a detail analysis about the Covid-19 impact on the market and how it will help boost the market in the near future.
  • Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for the better opportunities in the market.
  • Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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