Drone Data Services Market 2022 - Market Size & Forecast,
Industry Trends, Manufacturers Analysis, & Opportunities 2030
Page: 366 | Report Code: ICTM22100602 | Research Suite: Report (PDF) & Market Data (Excel)
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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