Dublin, Dec. 01, 2022 (GLOBE NEWSWIRE) -- The "Global Drone Analytics Market by Industry (Agriculture, Engineering & Infrastructure, Insurance, Energy & Power, Defense & Security, Telecommunication, Public Safety, Transportation & Logistics), Application, Type, Solution and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The drone analytics market is estimated to be valued at USD 2.1 billion in 2022 and is projected to reach USD 6.5 billion by 2027, at a CAGR of 25.5%
This growth can be attributed to the rising demand for drones used for monitoring and inspection by industries as part of their maintenance practices. A visual inspection is essential to ensure the appropriate maintenance of a company's resources.
Drones are used for pipeline and infrastructure inspection, wildlife population & activity monitoring and inspection, remote infrastructure and aircraft monitoring, agricultural yield inspection, oil & gas sector inspection, and utility inspection, among various other applications.
The drone analytics market includes major players such are ESRI (US), AgEagle (US), AeroVironment (US), Skydio (US), and Pix4D (Switzerland) are some of the leading companies in this market, among others.
These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, and Rest of the World. COVID-19 has affected the drone analytics market growth to some extent, and this varies from country to country.
Thermal Detection: The dominating segment of the drone analytics market, by the application
Based on application, the drone analytics market has been segmented into thermal detection, 3D modeling, volumetric calculations, aerial monitoring, geolocation tagging, and ground exploration. The thermal detection segment is projected to dominate the market during the forecast period.
SaaS: The fastest-growing segment of the drone analytics market, by type
The SaaS segment is projected to grow at the highest CAGR. The demand for cloud-based computing is expected to rise in the future, owing to its cost-effectiveness.
Agriculture: The leading segment of the drone analytics market, by industry
Based on industry, the drone analytics market has been segmented into agriculture, engineering and infrastructure, insurance, energy & power, telecommunication, transportation & logistics, maritime, public safety, retail and e-commerce, environmental & weather, and others. The others segment includes industries such as media, logistics, and wildlife.
North America: The largest contributing region in the drone analytics market
The drone analytics market in the North American region has been studied for the US and Canada. North American countries are awarding a number of contracts to major players of the drone analytics market for the provide analytics i.e. inspection, monitoring, exploration, geolocation tagging, and etc, thus driving the growth of the drone analytics market in the region.
Competitive landscape
Major companies profiled in the report are ESRI (US), AgEagle (US), AeroVironment (US), Skydio (US), and Pix4D (Switzerland), among others.
Premium Insights
- Increasing Preference for Rail-Based Public Transport to Drive Market
- Europe is Estimated to Account for Largest Share of Market in 2022
- Rapid Transit Segment to Grow at Higher CAGR During Forecast Period
- Passenger Transportation Segment to Lead Market During Forecast Period
- Train Information Systems to Dominate from 2022 to 2027
Market Dynamics
Drivers
- Increasing Preference for Public Rail Transport to Reduce Traffic Congestion
- Growing Demand for Energy-Efficient Transport
- Increasing Penetration of Emus
- Refurbishment of Existing Rolling Stock
Restraints
- Capital-Intensive and High Development Complexities
Opportunities
- Increasing Railway Projects Across the Globe
- Government Support for Alternative Fuel-Powered Railway Operations
- Inclination of Emerging Countries Toward High-Speed Rail for Rapid Transit
- Increase in Use of Railways for Industrial and Mining Activities
Challenges
- High Overhaul and Maintenance Costs
Case Study Analysis: Golinc-M Modules
Macroindicator Analysis
- Growth of Railway System Market
- Gdp (USD Billion)
- Gni Per Capita, Atlas Method (USD)
- Gdp Per Capita Ppp (USD)
- Macroindicators Influencing Market, Top Three Countries
- Germany
- US
- China
Company Profiles
Key Players
- CRRC
- Alstom
- ABB
- Knorr-Bremse
- Thermo King
- Siemens
- Mitsubishi Heavy Industries
- Toshiba
- Hitachi
Other Key Players
- Construcciones Y Auxiliar De Ferrocarriles (Caf)
- Strukton
- Woojin Industrial Systems
- American Equipment Company
- Ingeteam
- Calamp
- Sinara Transport Machines
- Fuji Electric
- Skoda Transportation
- Medcom
For more information about this report visit https://www.researchandmarkets.com/r/d6vu4
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