Skip to main content

Rising Non-Civilian UAV Usage Driving Demand for Drone Analytics Software

Earlier majorly used by the military of developed countries for remote reconnaissance and attack operations, drones, technically known as unmanned aerial vehicles (UAV), are finding application in many non-military sectors, such as manufacturing, mining, disaster management, and even sports & entertainment. This is credited to the decreasing cost of such aerial platforms and governments formulating policies and permitting their civilian usage.

UAVs are now being used for monitoring construction and excavation progress at mines, mapping the earth’s topography, assessing physical damage to properties, and tracking the growth of crops. As a result of the increasing application of UAVs, P&S Intelligence says that the drone analytics market, which generated $2,614.3 million in 2019, will experience a massive 29.8% CAGR between 2020 and 2030 (forecast period). This is because all the photos and videos taken from drones need proper software to be analyzed, in order to gain real-time insights and make effective decisions.




As UAV imagery and monitoring results in higher efficiency, reduced production costs, lower workload, and improved safety, the usage of drones for capturing and creating images, 3D models, and maps is rising, thus pushing up the demand for analytics software. With the expanding application base of UAVs, advancements are being carried out in their technology and analytics software to support beyond-visual-light-of-sight (BVLOS) operations.

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

As the term suggests, this includes the operation of drones in far-off areas, being controlled from a central station. For instance, FlytBase Inc., a drone analytics solution vendor based in the U.S., introduced the FlytGCS cloud-based UAV solution in April 2019, which allows for BVLOS operations and offers 5G connectivity, fleet management, mission planner, and remote gimbal control features, which allow the UAV to be controlled via a mobile application.

This market research report provides a comprehensive overview of the 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
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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