Semiconductors and Electronics

Drone Data Services Market to Exceed US$ 18.2 Billion by 2023

Drone Data Services Market

The Drone Data Services report helps you achieve your dream of an outshining and winning business. Drone Data Services report also makes some important proposals for a new project of Drone Data Services market before evaluating its feasibility. The report provides with CAGR value fluctuation during the forecast period of 2018-2025 for the market. Drone Data Services market report also delivers list of the leading competitors and provides the insights about strategic industry analysis of the key factors influencing the industry. This market report also helps to provide statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market.

Drone Data Services Market is expected to rise from its initial estimated value of USD 4706.72 million in 2018 to an estimated value of USD 148741.7 million by 2026, registering a CAGR of 53.98% in the forecast period of 2019-2026. Increasing demand for commercial drone is the major factor for the growth of this market.

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Market Definition: Global Drone Data Services Market

Drone services or unmanned aerial vehicle (UAV) services are the flying robots which fly without any human involvement. Today, many manufacturers are designing drones which can be used in industries like agriculture, packaging delivery, videography etc. The d     rone data services are used to provide data to the companies so that it can be used by them to improve their efficiency and productivity. In this process, data is collected when combined with cloud based data processing system which is further can be used for surveying, measurement, inspection etc.

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Market Drivers:

  • Increasing usage of AI and machine learning technologies is driving the growth of this market
  • Rising adoption of commercial drone is another factor driving the market

Market Restraints:

  • Increasing risks of cyber-crimes is restraining the growth of this market
  • Rising safety concerns among consumer is another major factor restraining the growth of this market.

Segmentation: Global Drone Data Services Market

By Type

    •  Mapping & Surveying
    •  Photogrammetry
    •  3D Modeling & Digital Elevation Model
    •  Others

By Platform

    •  Cloud-Based
    •  Operator Software

By End-Use

    •  Real Estate & Construction
    •  Agriculture
    •  Mining
    •  Others

By Geography

North America

      • US
      • Canada
      • Mexico

South America

      • Brazil
      • Argentina
      • Rest of South America

Europe

      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Switzerland
      • Rest of Europe

Asia-Pacific

      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • Rest of Asia-Pacific

Middle East and Africa

      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East and Africa

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Key Developments in the Market:

  • In March 2019, DJI announced the launch of their new software tool DJI Terra which is used to convert drone data into 3D models and maps. This software is specially designed for construction infrastructure, film industries, agriculture etc. The main aim of the launch is to increase the drone usage in the industry.
  • In November 2018, Honeywell announced the launch of their new commercial Unmanned Aerial Vehicle (UAV) Inspection and Data Analytics services in India. The main aim of the launch is to reduce the risk related with hazardous structural examinations by identifying them through their machine algorithms. They are specially designed for oil and gas companies.

Competitive Analysis

Global drone data services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of drone data services market for global, Europe, North America, Asia-Pacific and South America.

Major Market Competitors/Players

Few of the major competitors currently working in global drone data services market are 3D Robotics, Inc., Airware., DroneDeploy, Parrot Drones SAS, PrecisionHawk, Inc., 4DMapper, Sentera, Inc., Pix4D SA, Skycatch, Inc., GeoCue Group, Sky Futures, CYBERHAWK INNOVATIONS LIMITED, Ninox Robotics Pty Ltd, Aerialair Aerospace, MAG Canada.

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Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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