Drone Analytics Market Outlook 2021-2030

Drone Analytics Market Trends,
Segmentation, Key Players And Forecast

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A number of factors, such as the mounting information technology (IT) expenditure,
burgeoning demand for drones, soaring focus on developing advanced drones, rising
preference for flight intelligence, and increasing need for gathering real-time information on a
specific building and area, are expected to accelerate the drone analytics market at a robust
CAGR, of 32.1%, during 2020–2030. According to P&S Intelligence, the market revenue is
projected to surge from $2,815.6 million in 2020 to $45,575.9 million by 2030.

The burgeoning demand for unmanned aerial vehicles (UAVs) from the defense and security
industry is expected to drive the demand for drone analytics, worldwide. This industry is
increasingly deploying UAVs for ensuring effective operations in border areas and monitoring
the areas vulnerable to attack. Moreover, the increasing defense budget of countries, such as
China, Russia, the U.S., and Saudi Arabia, is also facilitating the deployment of drones in
armed forces. For instance, in 2021, the U.S. Department of Defense (DOD) allocated $7.5
billion for the procurement of drones and the related technologies in defense forces of the
country.

Geographically, North America accounted for the largest share in the drone analytics market
in 2020. This is due to the increasing need for enhanced surveillance and inspection through
drones and the surging deployment of drones in the agriculture, oil and gas, and energy and
utilities industries to take immediate action in unfavorable situations. Moreover, the rising
integration of advanced technologies, such as computer vision, the internet of things (IoT),
and machine learning (ML), in drone also catalyzes the market growth in the region.

Therefore, the increasing adoption of UAVs in the defense and security industry and the rising
preference for BVLOS-enabled drones will contribute to the market growth.

This study covers

 Historical and the present size of the Drone Analytics Market
 Major factors driving the market and their impact during the short, medium, and long

terms
 Market restraints and their impact during the short, medium, and long terms
 Recent trends and evolving opportunities for the market participants
 Historical and the present size of the market segments and understand their

comparative future potential
 Potential of on-demand logistics services, so the market players make informed

decisions on the sales of their offerings
 Competitive scenario of various market segments across key countries in several

regions for uncovering market opportunities for the stakeholders
 Major players operating in the market and their service offerings
 Recent strategic developments by the major players in the market

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