23 October 2019
Visiongain has launched a new Aerospace report Drone Analytics Market Report 2019-2029 Forecasts by Industry (Agriculture & Forestry, Construction, Insurance, Mining & Quarrying, Utility, Telecommunication, Oil & Gas, Transportation, and Scientific Research), Application (Thermal Detection, Geolocation Tagging, Aerial Monitoring, Ground Exploration, Volumetric Calculations, 3D Modeling,
and Others), Type (On-Premise, On-Demand) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
Drones also are known as unmanned aerial vehicles are primarily used for aerial surveillance and inspection applications. They are readily finding use across industry verticals including agriculture, food & beverage, healthcare, financial, military & defence and public service among others. Drone analytics covers software, applications, platform and hardware systems used for gathering information to drive critical decision making. For instance, agriculture application of drone includes analysis of land, planting and fields. Financial companies use drone to gather critical information, collect damage inspection and infrastructure inspection which helps companies to determine responsibly cause and liability of the case.
Further, advancements in technology, there has been an increase in the number of applications using drone analytics software. Walmart is using computer vision-enabled drone monitoring warehouse inventory to arrange warehouse aisle and using specialized software technology to recognize low stock or misplaced items.
The construction sector is accounted for the largest market share in the use of drone analytics technology followed by agriculture and therefore presents significant revenue opportunity in the global drone analytics market.
Some of the players operating in the market include Airware, Agribotix, Aerovironment, Dronedeploy, Delta Drone, ESRI, Precisionhawk, Viatechnik, Pix4d
Kespry. Optelos, Huvrdata, and Sentera. These major companies are increasingly focusing on research and development activities so as to gain competitive advantage. The players are also taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.
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These companies were selected based on their established and continuous presence, developments in electric aircraft in the emerging commercial electric aircraft markets across all submarkets, as of 2020.
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