Dublin, April 30, 2018 (GLOBE NEWSWIRE) -- The "Drone Analytics Market by Industry (Agriculture & Forestry, Construction, Insurance, Mining & Quarrying, Utility, Telecommunication, Oil & Gas, Transportation, Scientific Research), Application, Type, Solution, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The drone analytics market is projected to grow from USD 1.57 billion in 2017 to USD 5.41 billion by 2022, at a CAGR of 28.11% from 2017 to 2022.

Drone analytics can be defined as the process of analyzing data received from different types of drones to find meaningful patterns, which can guide business decisions. The increasing demand for sophisticated industry-specific analytical solutions that can help obtain actionable insights from the data captured by drones is expected to fuel the drone analytics market. However, the affordability of drone data collection and cybersecurity concerns may act as a challenge for the market growth.

Based on application, the thermal detection segment is estimated to lead the drone analytics market in 2017. This can be attributed to the increasing demand for analytical solutions for thermal detection from industries, such as oil & gas, construction, agriculture, mining & quarrying.

Based on industry, the agriculture & forestry segment is estimated to lead the drone analytics market in 2017. This can be attributed to the growing need for analytical solutions in the agriculture sector for various applications.

Based on type, the on-demand segment is estimated to lead the drone analytics market in 2017. The increasing demand from various industries, such as agriculture, construction, and mining for cloud-based drone analytics solutions is driving the on-demand segment.

The North America region is estimated to lead the drone analytics market in 2017. Countries in this region include the US and Canada. The demand for analytical solutions by various industries and increasing funding in drone analytics companies are expected to fuel the growth of the drone analytics market.

Key players in the drone analytics market include BAE Systems (UK), Harris (US), Raytheon (US), Northrop Grumman (Germany), Lockheed Martin (US), and Boeing (US).

Market Dynamics

Drivers

• Increasing Demand for Drone Analytics in Commercial Applications
• Growing Demand for Sophisticated Industry-Specific Analytical Solutions
• Increasing Capital Investments for the Development of New and Advanced Drone Software

Opportunities

• Development of Advanced and Complex Drone Software
• Increased Use of Drones in Various Applications
• Incorporation of the Internet of Things (IoT) in Drones
• Increased Adoption of Autonomous Drones By Various Law Enforcement Agencies

Challenges

• Growing Concerns Over Cybersecurity/Data Security
• High Costs Involved in Gathering Precise Data

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in the Drone Analytics Market
4.2 Drone Analytics Market, By Industry
4.3 Asia Pacific Drone Analytics Market, By Application and Country
4.4 Drone Analytics Market, By Type
4.5 Europe Drone Analytics Market Share, By Industry
4.6 Drone Analytics Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics

6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Artificial Intelligence in Drones
6.2.2 Cloud Computing-Based Analysis
6.2.3 Machine Learning-Powered Analytics
6.2.4 Open Source Software
6.2.5 Augmented Reality
6.2.6 Convergence of Internet of Things and Drone Analytics
6.2.7 Automated Ground Control Stations
6.2.8 Anti-Uav Defense Systems
6.2.9 Computer Vision
6.3 Patent Analysis

7 Drone Analytics Market, By Industry
7.1 Introduction
7.2 Agriculture & Forestry
7.3 Construction
7.4 Insurance
7.5 Mining & Quarrying
7.6 Utility
7.7 Telecommunication
7.8 Oil & Gas
7.9 Transportation
7.10 Scientific Research
7.11 Others

8 Drone Analytics Market, By Application
8.1 Introduction
8.2 Thermal Detection
8.3 Geolocation Tagging
8.4 Aerial Monitoring
8.5 Ground Exploration
8.6 Volumetric Calculations
8.7 3D Modeling
8.8 Others

9 Drone Analytics Market, By Type
9.1 Introduction
9.2 On-Premises
9.2.1 Software
9.2.1.1 Desktop-Based Software
9.2.1.2 Mobile
9.2.2 Services
9.2.2.1 Deployment & Integration
9.2.2.2 Support & Maintenance
9.3 On-Demand
9.3.1 Software as A Service
9.3.1.1 Cloud Computing

10 Drone Analytics Market, By Solution
10.1 Introduction
10.2 End to End Solutions