Skip to main content

Drone Analytics Market is expected to advance with a CAGR of 29.8%

P&S Intelligence says that with the increasing number of UAVs in operation in various industries, the drone analytics market will grow from $2,614.3 million in 2019 at a massive 29.8% CAGR between 2020 and 2030 (forecast period). Around the world, the demand for drones continues to rise in the military sector, for surveillance and monitoring and carrying out precision strikes behind enemy lines, in order to minimize the loss of soldiers.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/drone-analytics-market/report-sample

On account of the support the agricultural sector is receiving from the government, especially in developing countries, farmers are adopting advanced technologies in their processes, such as drones and internet of things. The major uses of drones and analytics software in the sector include crop monitoring, precision agriculture, soil analysis, seed planting, livestock inspection, and irrigation management. This has become necessary to feed the growing population, while dealing with the reduction in the arable land on account of the expansion of urban areas.



A key opportunity area for the drone analytics market is the oil & gas sector, where UAVs are becoming rapidly important. Material handling, inspection and predictive maintenance, on-site monitoring and surveillance, methane management, emergency response, and various other tasks in the industry can be fatal for humans, due to the easily combustible nature of oil and gas.

Therefore, to perform all these tasks efficiently, without putting the life of people in danger, drones are being utilized. With the increasing demand for fossil fuels, oil and gas exploration and production (E&P) activities are increasing, with numerous new onshore wells and offshore rigs being developed. Thus, with an increase in the application areas of UAVs, the demand for drone analytics software is set to rise swiftly in the coming years.

This market research report provides a comprehensive overview of the drone analytics market
  • Historical and the present size of the drone analytics market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
Labels:

Comments

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
Post a Comment
Read more

How Is Rising EV Sales Supplementing Electric Motor Market Growth?

In recent years, the companies operating in the electric motor market have engaged in product launches to consolidate their position. For instance, in February 2021, Johnson Electric Holdings Limited launched a new series of low-voltage DC motors for actuators used in hospital beds, smart recliners, height-adjustable desks, and other smart furniture.  In the same vein, in June 2021, maxon motor AG introduced BIKEDRIVE Air, a 3.5 kg e-bike system that consists of an integrated battery, a mid-mounted motor, and a control element. Additionally, the players in the electric motor market are also opting for mergers and acquisitions to gain a competitive edge. For example, in March 2021, AMETEK Inc. acquired Crank Software, EGS Automation, and Magnetrol International for $270 million.  With the acquisition of Magnetrol International and EGS Automation, AMETEK Inc. aims to expand its level measurement solutions portfolio and widen its automation solutions portfolio. Furthermore, the ...
Post a Comment
Read more

Increasing Prevalence of Road Accidents Fueling Demand for Tunnel Automation

As a result, the value of the market is predicted to grow significantly in the coming years. Depending on tunnel type, the market is divided into highway and roadway tunnels and railway tunnels categories. Between these two, the railway tunnels category dominated the market in 2020. This was because of the various benefits of integrating tunnel automation solutions in railway tunnels such as reduced security and safety threats and improved efficiency of various tunnel operations. Signalization, lighting and power supply, fire and safety, air conditioning, communication, and ventilation systems are some of the major elements of railway tunnel automation, that greatly improve tunnel functioning. The tunnel automation market is also categorized, based on component, into signalization, heating, ventilation, and air conditioning (HVAC), and lighting and power supply. Out of these, the HVAC category led the market in 2020, and it is predicted to exhibit the fastest growth in the coming years...
Post a Comment
Read more