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Global Drone Data Services Market to Grow at a CAGR of 37.3% During the Period 2022-2027, Driven by Applications in Multiple Sectors Including Agriculture, Geographic Mapping, Security, Entertainment, etc.

According to a new report by EMR titled, ‘Global Drone Data Services Market Report and Forecast 2022-2027’, the global drone data services market is expected to grow at a CAGR of 37.3% during the period 2022-2027, led by advancements in technology.

The global drone data services market is likely to be driven by applications of drone technology in aerial photography, shipping and delivery, disaster management, military, geographic mapping, precision agriculture, law enforcement and security, entertainment, etc. Scope of applications broadens significantly when sensor-equipped drones are combined with data and analytics and machine learning; applications include agriculture, energy and utilities, entertainment and media, infrastructure, mining, insurance, security, telecom, search and rescue, package delivery, surveillance, disaster management, and transport and logistics, with data capture and analysis methods and techniques previously unavailable. Drone technology has enabled faster, easier and cheaper data collection. Thus, the potential for drones is significant. Key markets are expected to be North America, Europe, Middle East and Asia.

Drone solution providers offer a variety of services, including:

Surveying and Mapping – Fixed-wing and multi-rotor drones are employed to generate high resolution and accurate orthophoto, DTM, contour, NDVI for different industries and applications.

Inspection and Analysis – Inspection (through drone) of vital assets including wind turbines, solar panels, transmission towers and transmission lines, chimneys and flare stacks employing high resolution RGB and thermal cameras.

Data Processing – Drone data processing to generate outputs including orthophoto, Digital Terrain Model (DTM), contour, 3D model, point cloud processing and GIS.

Aerial Photography – Professional aerial photography for real estate, resort or marketing promotion with aerial 360-degree panorama, virtual tour and large hoarding size imagery.

Project Monitoring – Project progress monitoring of large infrastructure projects, for example roads, highways, railways, industrial corporation, etc., using drone survey and drone videos with volumetric calculations and geotagged videos.

Drone Videos – For project progress monitoring, reporting and collaboration to decrease project costs and improve project timelines.

Such solutions are expected to help global drone data services market growth.

 

Key Industry Developments

In 2019, Sentera announced an expanded partnership with Crop Risk Services (CRS) to provide CRS adjusters, agents, and customers with accurate, efficient aerial imaging and analytics tools that supported more precise coverage, fast and accurate claim adjustment, and efficient audit-related recordkeeping.

In 2018, PrecisionHawk acquired Uplift Data Partners. Uplift specialized in the delivery of turnkey inspection services for construction, building information management (BIM) and real-estate. The company’s countrywide network of commercially trained drone pilots would join PrecisionHawk’s Droners.io network of more than 15,000 drone pilots.

In 2019, PrecisionHawk announced a $32 million investment from venture investors including Millennium Technology Value Partners, Third Point Ventures, Eastward Capital Partners, and others. The financing would enable continued innovation in PrecisionHawk’s software tool, PrecisionAnalytics that employed artificial intelligence/machine learning to help enterprises better use data collected through drones to solve business challenges. The financing would also quicken sales initiatives and promote market expansion.

In 2020, Pix4D announced the commercial release of next-generation software directed towards modern professional challenges. Developed in close association with partners and customers, Pix4Dsurvey, Pix4Dmatic, Pix4Dinspect, and Pix4Dscan would contribute to changing the way professional customers operated and delivered services.

Key Findings of the Report:

  • A variety of applications of drone technology is expected to boost the global drone data services market. 
  • Combination of drone technology with technologies such as AI and cloud computing is likely to stimulate the market. 
  • North America, Europe, Middle East and Asia are projected to be key markets.

Market Analysis by Service Type, Platform, End Use, and Region:

  • By service type, the market is segmented into Mapping and Surveying, Photogrammetry, 3D Modelling and Digital Elevation Model (DEM), and Others.
  • By platform, the market is divided into Cloud-based and Operator Software.
  • By end use, the market is segmented into Real Estate and Construction, Security and Law Enforcement, Agriculture, Mining, and Others.
  • By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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