Drone data services involve the use of unmanned aerial vehicles (UAVs) in the collection of digital data in various end-user industries to monitor procedures and obtain useful details through aerial surveys even remotely.The report covers the factors impacting the market, Porter 5 Forces, Competitive Scenario, Product Benchmarking, and company profiles.Drone Data Services Market is segmented by type into 3D modeling & digital elevation model (DEM), mapping & surveying, photogrammetry, and others. By application, the global Drone Data Services market is segmented into cloud-based and operator software.The market is further categorized by end-user into agriculture, construction, mining, real estate & construction, and others. Geographically, the market is segmented into North America, South America, Europe, Asia Pacific, and the Rest of the World.
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Market Dynamics
The evolution of data analytics throughout major industry verticals is one of the significant factors positively influencing the market growth of drone data services, as it increases the adoption of drones and their associated services in the field of data collection and analytics.The drone service providers are hence focusing on creating tailor-made software solutions for specific industries, coupled with the technological innovation of drones.For instance, in October 2018, Kespry Inc. announced the availability of enterprise-grade inventory management for mining and aggregates companies, with customers able to reconcile data from SAP BW®, Oracle JD Edwards EnterpriseOne®, and ViewPoint®.The improvement in the regulatory framework, such as the updated in-flight regulations by FAA concerning drone flights, helps in boosting the demand for data services.The need for accurate and standardized data points is also growing, with consumers preferring the use of drones for the benefits of high scalability satellite imagery.
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Segment Analysis
The global drone data services market is segmented by service type into 3D modeling & digital elevation model (DEM), mapping & surveying, photogrammetry, and others including spectral imaging and object recognition.The mapping and survey segment is leading by market share owing to the adoption of satellite imagery for accurate measurements and land surveys.The drone data services have substituted the conventional systems of land measurements, as the scalability of data is higher in comparison and can directly be used for analysis.By platform, the market is segmented into cloud-based and operator software. The market is currently dominated by operator software such as SimActive and Drone2Map.
Competitive Landscape
The key market players include SZ DJI Technology Co., Ltd., Delair-Tech SAS, Parrot SA, Kespry Inc., 3D Robotics, Inc., and PrecisionHawk Inc. For instance, in July 2018, Scotland-based Global Energy Group and Sky-Futures announced a strategic partnership to offer end-to-end UAV inspection services to a wide range of industries including Oil & Gas, Renewables (Onshore / Offshore Wind), and Utilities. In September 2018, AgEagle Aerial Systems Inc. completed its acquisition of substantially all the assets of Agribotix, LLC, with Agribotix’s advanced imaging and data technology set to enhance AgEagle’s service offering and expand its business reach.
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