The Asia Pacific Drone Analytics Market would witness market growth of 24.4% CAGR during the forecast period (2021-2027).
Artificial intelligence is expected to provide the potential to advanced drones. Aerial AI is taking the volume of data on a real-time basis, creating a new world for looking over complicated physical structures, and examining the captured data for defects. For example, automated UAVs are capable of scanning the blades on wind turbines and through onboard AI models, can identify the defects and offer recommendations on the necessity and timescale of maintenance. The advent of AI in drones is expected to display a bright impact on the present potential of a drone, and would significantly increase the uses of drones in various industries.
The growth of the market is supported by the new changes in drone norms in various countries across the region. China emerged as the hub for the manufacturing of drones in the last couple of years. China is accountable for around 3/4 of the worldwide civilian drone market, which had around 1,200 drone makers at the starting of 2019. The Chinese government is offering various subsidy schemes and other supportive domestic policies for drone purchases to increase the deployment of drones in several industrial sectors. Moreover, the demand for these UAVs in China would be driven by the increasing application of drones.
Additionally, the growth of the regional drone analytics market is expected to be fuelled by the surge in demand for monitoring, surveying, inspection, and surveillance applications in the agriculture, construction, telecommunications, energy, mining, and insurance industries. Besides, Australia has become a leading industrial hub in Asia-Pacific, which is observing the massive importance of BVLOS testing. There were above 1,200 drone operators in Australia as of 2019. These operators are focused on designing technologies and services in order to support the big drone ecosystem. The favorable drone norms in Australia launched by the Civil Aviation Safety Authority (CASA), in the favor of various domestic and global players, are assisting the adoption of drones into various applications.
The China market dominated the Asia Pacific Aerial Monitoring Drone Analytics Market by Country 2020, thereby, achieving a market value of $667.4 million by 2027. The Japan market is exhibiting a CAGR of 23.4% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 24.9% during (2021 - 2027).
Based on Application, the market is segmented into Thermal Detection, Aerial Monitoring, Ground Exploration, 3D Modeling and Others. Based on Deployment Type, the market is segmented into On-Premise and Cloud. Based on End User, the market is segmented into Power & Utility, Construction & Infrastructure, Oil & Gas, Agriculture, Transportation & Logistics, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Drone Analytics Market is Projected to reach USD 31.2 Billion by 2027, at a CAGR of 22.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Delta Drone SA, AgEagle Aerial Systems, Inc., HUVRdata, Inc., Sentera, Inc., Optelos LLC, Kespry, Inc., Pix4D SA, DroneDeploy, Inc., VIATechnik, LLC and Esri, Inc.
By Application
By Deployment Type
By End User
By Country
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