Drone Analytics Market Study, Trends, Segmentation, Detailed Analysis And Forecast by 2030

The global drone analytics industry was estimated at $2.71 billion in 2020 and is expected to hit $28.57 billion by 2030, registering a CAGR of 29.2% from 2021 to 2030.

High demand for drone analytics in commercial applications and rise in capital investments for the development of new and advanced drone software are expected to drive the drone analytics market growth during the forecast period.

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Rising concerns over cybersecurity & data security and restrictions enforced by regulations are the factors that are expected to restrain the growth of the drone analytics market during the forecast period. Moreover, the incorporation of the Internet of Things (IoT) in drones and technological advancements in drone technologies is a major factor that is expected to supplement the drone analytics market.

The global drone analytics market is analyzed across type, application, end use, and region.

North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. U.S. led the global drone analytics market share in North America in 2020, owing to increase in R&D activities; technological developments by big players; and rapid adoption of innovative technologies in making reliable, precise, and efficient drone analytics systems. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of drone analytics across different industries across major economies such as China and India.

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Based on region, the market across North America held the lion's share in 2020, garnering nearly two-fifths of the global market. The market across Asia-Pacific, simultaneously, is expected to cite the fastest CAGR of 34.3% by the end of 2030.

The key market players analyzed in the global drone analytics market report include AeroVironment, Inc., Delair, Delta Drone SA, 3DR, PrecisionHawk, Huvrdata, Kespry Inc., Optelos LLC, DroneDeploy, and Pix4D SA. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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