Drone Data Services Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

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Introduction: -

Drone data services or aerial vehicles (UAVs) data services involve collecting digital data using aerial vehicles (UAVs) across various end-user industries to monitor procedures and gather valuable details. The collected data is combined with the cloud-based data processing system and is used for inspection, surveying, and measurement, among others. These data services furnish crucial aerial data to companies to enhance their predictive & preventive maintenance and operational intelligence. The global drone data services market includes players engaged in developing and launching various drone data services-related technologies, products, and services for use in different end-user verticals. The drone data services market is anticipated to witness growth at a compounded annual growth rate (CAGR) of 56.5% during the forecast period of 2022-2030.

 

Growth Drivers:

The need for drone data services across the globe in operational and big data analytics has increased tremendously over the last few years. These services assist in cost reduction, risk reduction & mitigation, and quality enhancements in various operations across organizations. Drone information analysis also aids in performing various critical tasks remotely, including corridor surveying, LiDAR mapping, cadastral surveying, volumetric calculations, and automated mapping. Moreover, the adoption of drones across various industry verticals has also increased due to their benefits of the requirement of less manpower, greater precision, time-efficiency, cheaper imaging, high scalability, and prior detection of problems due to total-field scouting and frequent index-reporting. All these factors are primarily adding to the growth of the global drone data services market.

Major advancements in technology in commercial drones is another major factor expected to create ample growth opportunities for the global drone data services market during the forecast period. Few advancements include innovations in the field of artificial intelligence and machine learning, the integration of blockchain technology in commercial drones, the steady developments in cloud-based storage applications, and the increasing focus of leading manufacturers on developing tailor-made software solutions for specific industries.

Moreover, UAV manufacturing companies are seen to be transforming themselves into UAV software developers, and drone imagery service providers are similarly converting themselves from being services companies to holistic data analytics companies. This is expected to significantly enhance the overall market for drone data services during the forecast period of 2022-2030.

Furthermore, the rising adoption of data management platforms to process and analyze information, the rapidly improving regulatory framework, the burgeoning concerns regarding worker safety across industries, the growing number of companies emerging in the UAV software space, and the increasing efforts by players to encourage the adoption of UAV’s imagery are other primary factors driving the growth of the global drone data services market.

However, factors such as the high operational costs associated with drones, the dearth of skilled workforce and operators, the threat of cyber-security attacks, and the limited operational bandwidth of drones are expected to hinder the growth of the global drone data services market to some extent during the forecast period.

Drone Data Services Market Segmentation:

By Service Type:

·         Mapping & Surveying

·         Photogrammetry

·         3D Modeling & Digital Elevation Model (DEM)

·         Others

 

By Platform:

·         Cloud-Based

·         Operator Software

 

By End-Use:

·         Real Estate & Construction

·         Agriculture

·         Mining

·         Others

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Drone Data Services Market Service Type Review:

Based on service type, the global drone data services market is segmented into mapping & surveying, photogrammetry, 3D modeling & digital elevation model (DEM), and others. The mapping and surveying segment accounted for the largest share of the market in 2021. The segment is predicted to continue to lead the market during the forecast period of 2022-2030. The high adoption of satellite imagery for accurate measurements and land surveys is the major factor responsible for the large share of this particular segment.

 

Drone Data Services Market Platform Review:

Based on platform, the global drone data services market is segmented into cloud-based and operator software. The operator software segment acquired the largest share of the market in 2021, and the trend is expected to continue over the forecast period of 2022-2030. On the other hand, the cloud-based segment is projected to attain the highest CAGR in the market during the forecast of 2022-2030. The surging awareness about the advantages of smart connectivity and cloud-based UAV imagery services, including optimized real-time operations, and the escalating advancements in technology are primarily ascribed to the high growth of this segment.

 

Drone Data Services Market End-Use Review:

Based on end-use, the global drone data services market is segmented into real estate & construction, agriculture, mining, and others. The real estate & construction segment dominated the market in 2021, and is anticipated to continue doing the same throughout the forecast period of 2022-2030. The high usage of drones in construction sites to obtain real-time information for making construction plans without involving any risk is the major factor contributing to the large share of this segment. On the other hand, the agriculture segment is estimated to register a higher CAGR in the market during the forecast period, mainly due to the growing usage of drones in various agricultural applications and other related activities.

 

Regional Outlook:

The drone data services research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

 

The North American region commanded the largest share of the global drone data services market in 2021, followed by Europe and the Asia Pacific. The region’s position is estimated to remain unchanged during the forecast period of 2022-2030. The high adoption of drones across several industries for data collection and analysis, the surging demand for high-quality and real-time data across end-user industries, the enhancing favorable regulatory scenario, the presence of well-established market players coupled with the increasing number of collaborations and joint ventures among them, and the rapid expansion of the end-user industries in the region are predominantly driving the drone data services market growth in North America. U.S. and Canada stand as the leading contributors to the market in the region.

 

The Asia Pacific region is poised to emerge as the fastest-growing regional market for the drone data services market during the forecast period. The growth of the market in the region can be well attributed to factors such as the ever-increasing population base, the growing agricultural industry, the escalating investments in the drone technology, the burgeoning demand for drone-data based analytical services among businesses, the fast-paced expansion of the commercial sector, and the increasing improvements in policy framework associated with the usage of drones in commercial applications in the region. India, China, and Japan are among the major contributors to the growth of the market in the region.

 

The report also identifies the country market outlook for drone data services, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

 

Key Companies in Drone Data Services Market:

The research report offers a competitive analysis of prominent companies operating in the global drone data services market. Some of the leading players profiled in the market research report include:

·         Cyberhawk Innovations Limited

·         Ninox Robotics Pty Ltd.

·         Aerialair Aerospace

·         MAG Canada

·         3D Robotics Inc.

·         Airware

·         DroneDeploy

·         Parrot Drones SAS

·         PrecisionHawk Inc.

·         4DMapper

·         Sentera Inc.

·         Pix4D SA

·         Skycatch Inc.

·         GeoCue Group

·         Sky Futures

·         ABB

·         Adtech Technology Co. Ltd.

·         Quest Solution Inc.

·         SZ DJI Technology Co. Ltd.

·         Delair-Tech SAS

·         Other Players

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