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

BFSI Using Advanced Security Solutions to Protect Data and Financial Assets

Banks and financial institutions are gradually shifting their core applications over to the cloud network, to offer a personalized banking experience, mitigate the risks associated with conventional technologies, improve the operational control of platforms, reduce capital expenditure, and meet the growing need for real-time analysis of high-volume data. However, the deployment of the cloud infrastructure escalates the risk of cyberattacks, as the data is stored at remote locations.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/bfsi-security-market/report-sample To combat the cyber threat, such institutions are increasingly adopting a range of advanced security solutions. The financial service sector has become a prime target for cybercriminals, as it centers around financial assets and generates massive unstructured data. Moreover, progressive steps such as the adoption of online banking and shift toward digital processes have increased the pro
Post a Comment
Read more

RF Semiconductor Market a $5.0-Billion Investment Opportunity by 2030

The major factors leading to the rising demand for radiofrequency (RF) semiconductors are the increasing popularity of smartphones, enhancements in the wireless communication technologies, and escalating adoption of the internet of things (IoT). As a result, from $2.1 billion in 2019, the market of RF semiconductor will witness an 8.8% CAGR during 2020–2030 (forecast period), to reach $5.0 billion by 2030. Made of semiconductor materials, such components enable RF communication in an array of sectors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/rf-semiconductor-market-report/report-sample The material segment of the market is classified into indium phosphate, gallium arsenide, gallium nitride, silicon, and silicon germanium. Among these, during the historical period (2014–2019), the largest share was held by the gallium arsenide category because RF semiconductors made from this material consume less power, account for low power dissipation, ca
Post a Comment
Read more

How Is Consumer Electronics Sector Helping Silicon on Insulator Market Grow?

Currently, the major players of the silicon on insulator market are taking strategic measures, such as product launches, facility expansions, partnerships, geographical expansions, client wins, and mergers and acquisitions, to gain a competitive edge in the market. For example, in January 2019, Soitec SA extended its collaboration with Samsung Foundry to increase the volume supply of FD-SOIs.  With the new agreement, these companies extended their partnership and secured a high-volume supply of FD-SOI wafers to cater to the surging demand for SOI wafers in consumer, automotive, and internet of things (IoT) applications. The wafer type segment of the silicon on insulator market is categorized into radio-frequency SOI (RF-SOI), power-SOI, imager-SOI, photonics-SOI, fully depleted SOI (FD-SOI), and partially depleted SOI (PD-SOI).  In 2018, the RF-SOI category generated the highest revenue, due to the escalating use of RF-SOI in advanced LTE smartphones and huge investments made in the
Post a Comment
Read more