Drone Data Services Market 2022-2027: Industry Size, Share, Growth Drivers, Scope and Forecast
According to IMARC Group latest report titled” Drone Data Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on drone data services market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The market reached a value of US$ 1.18 Billion in 2021. Looking forward, IMARC Group expects the global drone data services market to reach a value of US$ 8.27 Billion by 2027 exhibiting a CAGR of 36.60% during 2022-2027.
Drone data services involve the utilization of unmanned aerial vehicles (UAVs) for collecting digital data through aerial surveys. They rely on drones that are embedded with downward-facing sensors, including light detection and ranging (LiDAR) payloads and red, green, and blue (RGB) cameras, for taking on-ground images from various angles and generating 3D models and geo-referenced orthomosaics of the area. Drone data services offer high-quality, cost-effective, and accurate data. As a result, they are extensively utilized across several industries, such as oil and gas, agriculture, mining, media, insurance, aviation, marine, healthcare, transportation, etc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The expanding construction industry, where UAVs are required for volumetric calculations of the land, cadastral and corridor surveying, light detection and ranging (LiDAR), automated mapping, etc., is among the primary factors driving the drone data services market. Moreover, the rising demand for AI-enabled optical sensors in security and law enforcement operations is further catalyzing the market growth. Besides this, the inflating requirement for drone data services in the agriculture sector for obtaining information about the topography, hydrography, soil type, etc., is also augmenting the global market. Additionally, the continuous development of cloud-based storage applications to upload, store, share, and process aerial images is acting as another significant growth-inducing factor. Apart from this, the escalating need for autonomous drones to monitor intracity transportation and reduce traffic congestion is projected to fuel the drone data services market in the coming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Autodesk Inc.
- GeoCue Group Inc.
- Ninox Robotics Pty Ltd.
- Pix4D SA
- Sentera, Skycatch Inc.
- SZ DJI Technology Co. Ltd
Drone Data Services Market Segmentation:
Our report has categorized the market based on region, service type, platform and end user.
Breakup by Service Type:
- Mapping and Surveying
- 3D Modeling and Digital Elevation Model (DEM)
Breakup by Platform:
- Operator Software
Breakup by End User:
- Real Estate and Construction
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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