Drone Data Services Market - By Services Type (Mapping & Surveying, Photogrammetry, 3D Modeling & Digital Elevation Model, Others), By Deployment Type (Cloud Based, On-Premise), By End-users (Mining, Energy, Transportation, Agriculture, Real Estate & Cons
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Rise of the Drones
Recent years have been very exciting for the world drone industry, as the popularity of the drones have evolved remarkably in every aspect whether it is personal or business application. Drones in their initial days were commonly used for entertainment and other trivial applications such as photography and videography. With the time drones have molded into one very valuable technology which holds striking potentials. Today, drones are being used across most of the industries including construction, agriculture, mining, surveying, and real estate. Drones have emerged as a game-changing technology and are widely used in applications such as data collection and analysis, public safety, disaster response, and emergency services. Drone-related services are also gaining traction across the globe as the data generated through drones are real-time data and more accurate. Construction, agriculture, and mining industries are the major industries which are benefiting from the drone’s services.
Drone as a Service Trend
‘Drones as a service’ is an emerging market trend across all regions of the world. The number of drone-based service providers is growing as drone technology is becoming something with infinite potentials. A range of business applications for drones across various industries such as defense, mining, agriculture, construction, transportation, insurance, and others. Today most of the companies are relying on drones to obtain data as this technology can capture and deliver reliable and more accurate data. As purchase prices for drones have plummeted, drone-related services have become affordable enough to use for a wide variety of industrial applications. Thanks to advances in technology, the use of drones for data analysis is rising and is expected to thrive the growth of drone data services market in upcoming years.
Laws and Government Initiatives
In the early days, many governments across the globe were against drone technology as they believed these technologies were a threat to the public’s privacy and security. However, over the year drones have reflected their worth and forced everyone to rethink about them as a potential technology. Governments across the globe are accepting commercial use of drones and are implementing laws and regulations towards their use. Governments are also using drone’s data services for different purposes such as risk management, public safety, and others. The use of drones in the public sector is expanding rapidly. Rapid advancements in the safety, intelligence, and user-friendliness of modern-day drones, governments are adopting drone technology into their operations more than ever ranging from search and rescue operations to on-site infrastructure monitoring.
Advancements in Drones
Drones have gone through great advancements since its earliest uses in Australian battlefields in 1849. Advances in technological developments have made it possible for a huge variety of drones to be produced in different sizes, weights and capable of holding different payloads and sensors. Today drones are a very viable technological tool for several industries and are being accepted for critical data collection and analysis applications. With the development of new technologies and software, it is expected that the drones will play in important roles in data collection and analysis services.
Big data analytics is a growing trend across the globe. The companies are seeking large and varied sets of data and examining the data for identifying customer trends and preferences, data patterns, relations for the companies to make better business decisions. This trend is enabling growth opportunities for Drone-enabled big data analysis. Since, drones are proved to be a reliable analysis solution for areas such as weather, traffic flow, and even disaster forecasting, it is expected that the growing big data analytics market will foster the growth of global drone data services market in upcoming years.
Barriers in Market
Although drones are witnessing great demand across every region, hence there are some barriers to the growth of drones and related services market. Strict regulations regarding the use of drones are yet the biggest challenge in the growth of drone data services market. Drones carry great range capabilities, but they can also be used for criminal uses.
For instance, Drug cartels are using drones to smuggle drugs in the U.S. and goods over the border. Such incidents have made governments rethink about the personal and commercial uses of drones. This has resulted in the implementation of strict laws and regulations regarding drones to limit the uses of drones in different applications. Concerns among the public about privacy, security, and safety is another factor that is leaving an adverse effect on the market growth of drones and related services.
A major part of the population is against letting private and commercial drones flying freely around them owing to privacy and safety concerns. Drones have gone through many advancements over the years, yet they lack few expectations in terms of technology such as not enough payload capacity, connectivity issues, and others. For example, the drone does not have Wi-Fi or cellular connections, so it must have a lot of onboard processing and they may have to fly to an area where they have a signal and can send the data. There are other potential problems such as high repair cost, lack of controlling standardization which are restricting the growth of the market.
Other challenges such as lack of qualified contract piolet, different laws regarding the usage of drones by country, high employee training cost are also hampering the growth of the global drone data service market.
The market is segmented by service type into mapping & surveying, photogrammetry, 3D modeling & digital elevation model (DEM) and others, out of which, mapping & surveying segment accounted for 41.4% market share in 2019 and is expected to reach to a notable market share by 2025. Apart from this, when compared with other segments, mapping & surveying segment is anticipated to attain the highest CAGR over the upcoming years i.e. 2020-2025.
The market is also segmented by deployment type and end-user segments. Further, the end-user segment is comprising of mining, energy, transportation, agriculture, real estate & construction, oil & gas, BFSI, and others. The deployment type segment is further sub-segmented into on-premise and cloud-based segments. Deployment type segment, on-premise segment is expected to be the most attractive market in global drone data services market over the forecast period.
In terms of geography, the drone data services market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America data drone service market was held at USD 131.9 million in 2018 and is anticipated to reach USD 1,888.9 million by the end of 2024. North America data drone service market accounted for a market share of 55.2% in 2018 and further, is expected to stand at a respected market share by the end of 2024.
The key players profiled in the report include 3D Robotics, PrecisionHawk, Pix4D SA, Delair, AgEagle Aerial Systems, Inc., Skycatch Inc., DroneDeploy, Sentera Inc., 4DMapper and Aeryon. These market players have adopted different business strategies, such as acquisition, product launch, merger, and partnership to stay competitive in the global market. Delair announced the launch of Delair Aerial Intelligence (delair.ai), the industry’s most comprehensive platform for converting drone-based images into actionable business insights. This cloud-based solution provides a complete integrated and easy-to-use workflow to manage, analyze and share data, streamlining the process for unlocking the true potential of aerial surveying.
The potential for the commercial use of drones is getting stronger with time. agriculture, energy & utilities, entertainment & media, infrastructure, insurance, security, telecom, and transport & logistics are major commercial areas which are benefiting from drones and their related services. Apart from this growing partnership between key hardware, software, and service providers are also creating growth opportunities for drone data services market. The data analytics market is turning more towards aerial surveys than ground-based surveys as aerial surveys are more reliable and less time taking procedure.
By Service Type
- Mapping & Surveying
- 3D Modelling & Digital Elevation Model (DEM)
By Deployment Type
By End User
- Real Estate & Construction
- Oil & Gas
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- The Middle East & Africa (GCC, North Africa, South Africa and Rest of the Middle East & Africa
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