The Europe Drone Analytics Market would witness market growth of 21.4% CAGR during the forecast period (2021-2027).
The incorporation of drones with advanced technologies like AI has significantly enhanced the capability of drones to gather comprehensive data. For example, ALPHA methodology is utilized in military drones to process data in as low as milli-seconds and to gather accurate data. Moreover, analytics software that is specific to construction in advanced drones, together with sophisticated AI, can recognize complicated physical structures and forecast maintenance recommendations. In addition to it, installing machine learning in analytics solutions can assist in lowering down the risk and enhance the reliability of drone operations.
The players operating in the market are expected to witness new avenues for growth due to the increase in the demand for intelligent photogrammetry software solutions across several industries. To capitalize on the emerging growth possibilities, key market players are aiming on incorporating sophisticated technologies in their product lines for improved performance.
The growth of the European drone analytics market is expected to be boosted by the constant technological developments in sensors. In addition, one of the key trends of the regional market is the rising utilization of integrates sensors technology. Moreover, the demand for drone analytics in the region is directly proportional to the requirement for analytics in enhancing services industries. The region is home to many emerging and established countries, which is likely to accelerate the growth of the regional market.
Moreover, the emergence of cloud-based decision support systems has created new growth avenues for the players operating in the regional drone analytics market in the last couple of years. Moreover, the government and the companies are coming together to put efforts encouraging the use of drone analytics solutions. Thus, these factors are expected to drive the regional drone analytics market.
The Germany market dominated the Europe Construction & Infrastructure Drone Analytics Market by Country 2020, thereby, achieving a market value of $515.4 million by 2027. The UK market is poised to grow at a CAGR of 20.8% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 22.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Drone Analytics Market Size will Hit $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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