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The Drone Analytics Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Drone Analytics is the increasing demand for Drone Analytics in various industries.
This report on the Drone Analytics Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Drone Analytics Market. The report intends to present a thorough analysis of the Drone Analytics Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Drone Analytics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Drone Analytics Market are-
Airware,
Agribotix,
AeroVironment, Inc.,
Dronedeploy,
Delta Drone,
ESRI,
Huvrdata,
Kespry Inc.,
Optelos.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Drone Analytics Market value and growth drivers over the trend period of 2022-27. According to the report -
Drone Analytics Market is likely to witness an impressive CAGR of 29.2% during the forecast period. The escalating demand for revolutionary industry-specific investigative solutions that can aid companies attain actionable insights from the data captured by drones is estimated to drive the global drone analytics market.
Segment Analysis:
Based on Industry Type:
Based on the industry type, the market is segmented as agriculture & forestry, construction, insurance, mining & quarrying, utility, telecommunication, oil & gas, transportation, scientific research, and others. The construction segment is estimated to witness the highest growth in the coming five years. This growth is owing to the acceptance of analytic solutions for monitoring and progress following at various construction sites. The obtainability of tailor-made solutions is also one of the prime factors influencing the growth in the application of drone analytic solutions in the construction industry during the forecast period.
Based on Region:
In terms of regions, the North American region was the largest market for drone analytics in 2018, and is expected to maintain its dominance during the forecast period. Drivers such as increasing funding for drone analytics and the growing demand for analytical solutions, majorly from the commercial sector, are boosting the drone analytics market in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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