MarketsandMarkets: The Drone Analytics Market is estimated to be valued at USD 2.1 billion in 2022 and is projected to reach USD 6.5 billion by 2027, at a CAGR of 25.5%. This growth can be attributed to the rising demand for agricultural drones, increasing use of drones in defense, and new application areas like thermal detection being carried out using drones, among others. The manufacturers of drones are focusing on expanding their business to meet the increasing demand for drone analytics.
ESRI (US), Skydio (US), Aerovironment (US), AgEagle (US), and Pix4D (Switzerland) are some of the leading companies in this market.
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Esri offers software solutions for commercial unmanned aerial vehicles. The company provides Drone2Map, a desktop application that transforms raw still imagery from drones into detailed information using ArcGIS. It also offers an analytical platform for surveying across various industries to obtain geographic knowledge. The software offered by the company includes Geographic Information Systems (GIS), geospatial analysis, geographic information, web mapping, location analytics, demographics, 3Dsite selection, and IoT.
Skydio is a drone manufacturer that uses AI to create flying drones that are used by consumers, enterprises, and government customers. It develops AI-powered drones to deliver the power and flying cameras without the complexity. The companys drones use an array of cameras and proprietary computer vision technology to recognize and avoid objects in real-time and predict into the future to make intelligent decisions, enabling users by flying themselves through the most demanding tasks or keeping them safe from obstacles when they want to take control.
AgEagle provides drone-enabled technologies and services for precision farming. It collects data from fields and provides processing and analytics services to its customers. The company has customers in 45 countries across the globe. It offers Agrion and eBee SQ drones with analytics software packages for the agriculture sector.
AeroVironment operates through two business segments, namely, Unmanned Aircraft Systems (UAS) and Efficient Energy Systems (EES). The UAS segment of the company offers innovative UAS and tactical missile system solutions for carrying out ISR activities and ensuring communication between UAVs and Ground Control Stations (GCS).
Pix4D provides software for professional drone-based mapping, which is purely based on images. Pix4D designs and develops software solutions for UAVs. Software developed by Pix4D use images taken by drones or aircraft and create a customizable range of applications and software. Pix4Dbim, Pix4Dmodel, Pix4Dag, and Pix4Dmapper Pro are some of the software developed by Pix4D for mobile and desktop as well as cloud platforms.
Drone Analytics Market by Industry (Agriculture, Engineering & Infrastructure, Insurance, Energy & Power, Defense & Security, Telecommunication, Public Safety, Transportation & Logistics), Application, Type, Solution and Region - Global Forecast to 2027
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