Drone Analytics Market is Led by the North American Region

1. Drone Analytics Market to cross USD 45,575.9 million by 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. The drone analytics market will power at a compound annual growth rate of 32.1% by the end of this decade to reach a total value of USD 45,575.9 million by 2030. The key factors, which are responsible for the growth of the industry are the growing requirement for drones, growing IT spending, mounting preference for flight intelligence, escalating count of progressions for better drone expansion, and rising requirement for gathering instantaneous info on a specific area or building. Software will grow the fastest in the years to come in the industry, based on component. This is because of the growing focus on the use of drone-based mapping and inspection services, growing requirement for on-site data collection, rising importance on leveraging cutting-edge technologies in software tools and platforms, and robust emphasis on sharing the outcomes with all stakeholders. The thermal detection category led the industry in the past, on the basis of application, as a result of the growing requirement for high-resolution images and heavy use of drone-integrated thermal cameras for detecting body temperatures and offering vital items in emergency situations. The drone analytics market will grow the fastest in the agriculture & forestry category in the years to come, based on industry. This is credited to the growing use of drones for crop monitoring, precision agriculture, soil analysis, irrigation management, seed planting, and livestock inspection. 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. North America is the leader of the pack. The region is powered by the rapidly growing demand for boosted surveillance and inspection with the help of drones, incorporation of cutting-edge technologies, for example IoT, ML, and computer vision, in the drone software, and growing necessity of industries, for example oil & gas, energy & utilities, and agriculture, for these kinds of solutions to take immediate action in case of unfavorable incidents. The favorite for BVLOS processes in drones is one of the important trends being observed in the industry. BVLOS competences allow drones to fly outside the controller’s sight. BVLOS-supported drones allow users to conduct complex processes and monitor large areas without any human interference. It offers more than a few benefits, for instance the recording of superior data, reduced tech costs, and long-term inspection. Consequently, market players are participating BVLOS competences into drone solutions to cater to the rising requirement of customers and offer prolonged support to the companies. It is because of the rising demand for drone solutions in the defense and security industry, all over the world, the demand for drone analytics solutions is on the rise. This trend will continue like this in the years to come as well. Market Segmentation The research offers market size of the Global Drone Analytics Market for the period 2015–2030. Market Segmentation by Component •Hardware •Software oDesktop-based oMobile •Service oProfessional oManaged Market Segmentation by Solution •End-to-End Solution •Point Solution Market Segmentation by Deployment 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. •Cloud •On-Premises Market Segmentation by Application •Thermal Detection •Geolocation Tagging •Aerial Monitoring •3D Modeling •Ground Exploration •Others (Include Entertainment, Wildlife Monitoring, Weather Forecast, and Search & Rescue [SAR]) Market Segmentation by Industry •Agriculture & Forestry •Mining & Quarrying •Logistics & Transportation •Oil & Gas •Construction •Defense & Security •Energy & Utilities •Insurance 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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