Press release
Global Drone Data Services Market to be Driven by the Growing Applications of Drone Technology in the Forecast Period of 2022-2027
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 37.3%
The market is likely to be driven by applications of drone technology in aerial photography, shipping and delivery, disaster management, military, geographic mapping, precision agriculture, law enforcement and security, entertainment, and other applications. In the agriculture industry, drone data services are widely used to acquire information on soil type, hydrography, topography, and land development.
Also, the increasing use of drones in commercial sectors, along with the growing use of drone data in operational and big data analytics, has fuelled the demand for drone data services. One of the major factors driving the growth of the drone data services market is the growing demand for drone information analysis among companies around the world to perform various critical tasks remotely, such as cadastral surveying, corridor surveying, LiDAR mapping, automated mapping, and volumetric calculations.
Industry Definition and Major Segments
Drone data services, also known as unmanned aerial vehicle (UAV) services, entail gathering, processing, and disseminating digital data collected by aerial surveys. They use drones with a variety of cameras and sensors, including RGB cameras and LiDAR payloads (light detection and ranging). These drones gather still photographs, videos, thermal images, and multispectral images of the ground from various angles in order to create geo-referenced orthomosaics and 3D models of the area.
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By service type, the market is segmented into:
• Mapping and Surveying
• Photogrammetry
• 3D Modelling and Digital Elevation Model (DEM)
• Others
Based on platform, the market is divided into:
• Cloud-based
• Operator Software
The end-uses of the market are:
• Real Estate and Construction
• Security and Law Enforcement
• Agriculture
• Mining
• Others
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
Companies may now quickly upload, store, process, and share aerial photos due to recent technological advancements in the internet of things (IoT), artificial intelligence (AI), and cloud-based storage. Apart from that, several key companies are focusing on research and development (R&D) operations to introduce autonomous drones for intracity transportation, which is pushing the market expansion.
Other factors contributing to market expansion include the expanding popularity of cloud-based drone data services, increased construction activities, shifting tendency toward precision agriculture, and product advancements. The improved regulatory framework, increasing requirement for high-quality data, and growing concerns regarding worker safety aid the growth of the drone data services market.
Key Market Players
The major players in the market are Pix4D SA, PrecisionHawk, Inc., DroneCloud, Sentera Inc., and Skycatch, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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