Global Drone Data Services Market Analysis, Trends and Opportunities -2018 - 2025
Summary -
A new market
study, titled “Global Drone Data Services Market Analysis,
Trends and Opportunities -2018 - 2025 ” has been featured on WiseGuyReports.
The global drone data services market was worth $XX million in 2017 and
is forecasted to reach $XX million by 2025, growing at a CAGR of XX% during the
forecast period (2018-2025).
Global Drone Data Services Market – Market Dynamics
The evolution of data analytics throughout major industry verticals is
one of the significant factors positively influencing the market growth of
drone data services, as it increases the adoption of drones and its associated
services in the field of data collection and analytics. The drone service
providers are hence focusing on creating tailor-made software solutions for
specific industries, coupled with the technological innovation of drones. For
instance, in October 2018, Kespry Inc. announced the availability of
enterprise-grade inventory management for mining and aggregates companies, with
customers able to reconcile data from SAP BW®, Oracle JD Edwards
EnterpriseOne®, and ViewPoint®. The improvement in the regulatory framework,
such as the update in flight regulations by FAA concerning drone flights, helps
in boosting the demand for data services. The need for accurate and
standardized data points is also growing, with consumers preferring the use of
drones for the benefits of high scalability satellite imagery.
The risk of data breach is a top concerning factor of customers, as the
collected data is highly confidential and should remain free from external
modification. The threat from cyber-attacks remains at large, as foreign
individuals can attempt to access the collected digital data stored on
cloud-based technologies through illegal means. The safety of such public data
is of paramount importance, thus hindering the widespread adoption of drone
data services on a global scale. The absence of a skilled workforce and
operators also act as market deterrents, coupled with constraint in endurance
affecting the performance of drones.
The rising technological innovation in artificial intelligence and
machine learning languages and successful integration of blockchain technology
in commercial drones is expected to present new opportunities for business
expansion to key market players.
Global Drone Data Services Market – Segment Analysis
Global Drone Data Services Market, By End-User, 2017 (%)
Real Estate & Construction 32.78%
Agriculture 27.45%
Mining 22.31%
Others 17.46%
The global drone data services market is segmented by service type into
3D modeling & digital elevation model (DEM), mapping & surveying,
photogrammetry, and others including spectral imaging and object recognition.
The mapping and survey segment is leading by market share owing to the adoption
of satellite imagery for accurate measurements and land survey. The drone data
services have substituted the conventional systems of land measurements, as the
scalability of data is higher in comparison and can directly be used for
analysis.
By platform, the market is segmented into cloud-based and operator
software. The market is currently dominated by the operator software such as
SimActive and Drone2Map. However, the cloud-based segment is expected to
witness robust growth during the forecast period owing to the integration of
digital technologies and the benefits of smart connectivity throughout all
devices.
The drone data services market is further categorized by end-user into
agriculture, construction, mining, real estate & construction and others
including utility services and public safety. The real estate &
construction segment is the leading segment by market share owing to the ease
in the detection of energy losses in buildings, which can then be used to carry
out real-time analysis and diagnostics. The agriculture segment is expected to
grow at a rapid pace owing to the application of drone data services to analyze
plant health, crop yield, and associated soil nutrition patterns.
Global Drone Data Services Market – Geographical Analysis
Global Drone Data Services Market, By Geography, 2017 (%)
North America 32.45%
Europe 24.89%
Asia-Pacific 19.76%
South America 15.45%
RoW 7.45%
The global drone data services market is segmented geographically by
region into North America, South America, Europe, Asia-Pacific, and Rest of the
World (RoW).
North America is the leading region by market share owing to the
widespread adoption of drones for data collection and analysis, and expansion
of business opportunities in the region by the development of innovative
technological solutions. The companies are focusing on collaborations and joint
ventures to expand the product portfolio. For instance, in May 2018, U.S.-based
Airbus Aerial and DroneBase announced a partnership that delivers the world's
first multi-source data service solution for aerial imagery and data from a
single provider.
Global Drone Data Services Market –Competitive Analysis
The market scenario and competitiveness is highly intense, with all major
companies focused on strengthening its market position through mergers &
acquisitions. The key market players include SZ DJI Technology Co., Ltd.,
Delair-Tech SAS, Parrot SA, Kespry Inc., 3D Robotics, Inc., and PrecisionHawk
Inc. For instance, in July 2018, Scotland-based Global Energy Group and
Sky-Futures announced a strategic partnership to offer an end-to-end UAV
inspection services to a wide range of industries including Oil & Gas,
Renewables (Onshore / Offshore Wind), and Utilities. In September 2018, AgEagle
Aerial Systems Inc. completed its acquisition of substantially all the assets
of Agribotix, LLC, with Agribotix’s advanced imaging and data technology set to
enhance AgEagle’s service offering and expand its business reach.
Key Takeaways
• The mapping & survey segment is leading by market share owing to
the adoption of satellite imagery for accurate measurements and land survey,
with highly scalable data directly be used for data analysis.
• North America is the leading geographical segment owing to the widespread
adoption of drones for data collection and analysis, and expansion of business
opportunities in the region by the development of innovative technological
solutions.
• The companies are looking to expand the product portfolio by forming
strategic partnerships and collaborations. For instance, in August 2018,
Komatsu America Corp. and Propeller Aero Inc. formed a partnership to boost the
efficiency of construction job sites using Smart Construction initiative, a
range of integrated hardware and software products designed to offer an
end-to-end workflow for each phase of construction.
Scope of the Report
The report covers the factors impacting the market, Porter 5 Forces,
Competitive Scenario, Product Benchmarking, and company profiles. Drone Data
Services Market is segmented by type into 3D modeling & digital elevation
model (DEM), mapping & surveying, photogrammetry, and others. By
application, the global Drone Data Services market is segmented into
cloud-based and operator software. The market is further categorized by
end-user into agriculture, construction, mining, real estate & construction
and others. Geographically, the market is segmented into North America, South
America, Europe, Asia Pacific and Rest of the World.
Why Purchase the Report?
• Visualize the composition of the Drone Data Services market across each
indication, regarding type and treatment options, highlighting the vital
commercial assets and players.
• Identify commercial opportunities in Drone Data Services market by
analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the Drone Data
Services market - level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after
exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the principal products of all major market
players
Target Audience:
• Equipment Suppliers/ Buyers
• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers
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