The drone data service provides
significant amount of aerial data to various companies thereby enhancing
capabilities within their business processes. Drone data service could
analyze the obtained the data collected by drone to improve
predictive/preventive maintenance and operational intelligence of the
company. In this service it collects information which includes a drone
or unmanned aerial vehicle (UAV) combined with cloud based data
processing system that can provide a wide range of aerial data to help
with tasks such as inspection, observation, surveying and measurement.
Amount of data generated by drones is useful in every sector that
includes surveillance data from military drones of remote lands. By
gathering useful data, service providers could able to process the data
and convert it into usable information.
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This market is anticipated to grow due
to its prominently increasing applications in various businesses and
growing usage of information acquired by drones in operational and big
data analytics. Drone data service providers are offering innovative
opportunities for various industries such as agriculture, construction,
energy, transportation and insurance to enhance the predictive
capabilities. These capabilities offer significant advantages such as
risk mitigation, quality improvement and cost reduction, thereby
providing a competitive advantage for the companies. Furthermore, drone
data service requires less manpower, since drone technology makes it
possible to perform tasks with smaller teams.
The factors restraining the growth of
the market are higher operational cost and the legal factors. For
instance, in the U.S. region drones must be under individual operator’s
control and they cannot be scheduled to carry out a certain tasks
without an operator for liability and safety reasons. Lack of maturity
is another restraining factor for the drone data services market as
drone technology is still considered in the experimental phase. The
concerns around drone technology are political and involving issues of
privacy. Maintaining the privacy of people while collecting a data is
one of the bigger challenges presented by drones.
However ability of drone to carry a wide
variety of external sensors to distant locations for data collection is
expected to bring novel opportunities for the drone data services
market. For instance, farmers can use peculiar sensors on drones to
collect data such as humidity in their respective farming area. They can
use this information to distribute water strategically and avoid over
fertilization & watering to reduce environmental impact.
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Furthermore, drones are useful for
accessing the places that are hard to reach for any person. For areas
such as that, drones provide a safer way of data collection than sending
an actual person.
The drone data services market can be
segmented on the basis of service type, type of platform, end user and
region. By service type the market is classified as mapping &
surveying, photogrammetry, 3D modeling & digital elevation model
(DEM) and others. Further based on platform the drone data services
market can be segmented into cloud based and on-premise. On the basis of
end user the market is classified as agriculture, real estate &
construction, mining, transportation, oil & gas, energy, BFSI and
others.
Geographically, the market is segmented
into North America, Europe, Middle East & Africa, Asia-pacific and
South America. North America and Europe regions are expected to lead the
drone data services market due to the increasing demand for real time
and high quality data along with changes in the regulations pertaining
to the use of drones in different business processes. Demand for the
drone data services market is expected to grow in the developing regions
such as APAC due to increased investment in the drone technology,
growth of the commercial sector and enhancements in policy framework
pertaining to the use of drones in commercial applications.
Some of the key players in the drone data services market are Agribotix LLC, PrecisionHawk, DroneDeploy, DroneCloud, 4DMapper, Sentera, LLC, Pix4D, Skycatch, Inc., Dronifi and Airware
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