Drone Data Service Market Worth $8.15 Billion By 2025 | CAGR: 57.3%

· Drones, also known as unmanned aerial vehicles (UAVs), are used for industrial as well as military data collection, through the use of sonar sensors or teledensitometer sensors. Drones find heavy usage in areas such as aerial surveys and pipeline inspection, among others. The drone data service industry has seen substantial growth, as businesses look to carry out critical tasks such as automated mapping, cadastral surveying and corridor surveying, through drone information analysis.

· UAV image service providers are of great use in the agriculture and construction sectors, as they offer many advantages such as quality improvements, risk mitigation and reduction in costs, thus offering high value service to their customers. In the construction industry, structural data from high risk environments such as towers, and tall or weak structures, can be efficiently gathered remotely, with no risk to human life. According to the 2018 Drone Deploy Report, use of drones at construction sites increases safety of the location by 55%.

· The use of drones allows organizations to convert the UAV imagery into actionable information, in the form of simple 3D models, Digital Elevation Models (DEMs), and orthomosaic maps. Moreover, companies can track progress of any project in real-time, while they are also able to conduct more frequent data capture for a major portion of their project. This has led to many companies entering the UAV software space, to provide mapping solution to commercial establishments.

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· Drones have found widespread usage in agriculture, owing to the various benefits such as enabling farmers to make smart decisions, improve crop yield, protect their produce from undesirable conditions, and increase overall profitability. The use of UAVs in combination with smartphones, has simplified the task of farmers. According to a study by Munich Reinsurance America Inc. in 2018, 84% of the farmers surveyed stated that they used drones daily or at least once a week, with crop monitoring being the most availed function at 73%, followed by soil and field analysis at 46%.

· Based on service, the market is segmented into mapping & surveying, photogrammetry, 3D modeling & DEM, among others that include volume measurements, change detection, spectral imaging, and object recognition. Mapping and surveying is expected to be the dominant segment in the near future, as they include the critical functions of automated mapping, cadastral surveying, volumetric calculations and LiDAR mapping.

· Besides being used in precision agriculture and real estate and construction, drone data is extremely critical in areas such as mining, as they provide accurate information about the site condition and safety in a short amount of time. It has been found that capturing data using drones is 30 times faster than conventional land-based methods, with the added advantage of not requiring the presence of a surveyor on site.

· With regards to platform, the market has been segmented into cloud-based and operator software. The cloud-based data services are expected to show substantial growth in the coming years, owing to their various advantages such as real-time optimized operations, and access to data across both mobile as well as desktop devices, thus making it easier for organizations to share the information internally. Various cloud-based services are packaged together with drones, such as Kespry and SiteScan.

· North America is the dominant region, when it comes to drone data services market, on account of the growing drone demand from businesses as well as farmers in agriculture. Moreover, the regulations by the Federal Aviation Administration have also proved advantageous for the market competitors. Asia Pacific region is expected to advance at an unprecedented rate in the coming years, on account of the booming commercial sector and the rapid proliferation of technology in the region.

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Recent Trends and Developments

· The ongoing coronavirus pandemic has led to the stopping of commercial activities, and the construction sector has availed the use of drones to carry out various tasks at the job site. These include real-time monitoring, as well as inspection-related construction tasks such as site surveys, grading, earthwork, breaking ground, safety compliance, asset inventory tracking, progress monitoring, security, and identifying hazards. An area that has seen increased application of drones is to disinfect large areas, such as partially completed floors of large buildings and warehouses, as well as parking garages.

· In April 2020, AgEagle announced that it had received follow-on purchase orders to manufacture commercial drones for delivery of packages. The use of commercial drones has seen growth globally on account of its application in package delivery, with nations such as Ireland, as well as Ghana and Rwanda in Africa making use of this technology, to very positive effects.

· In March 2020, Delair announced its collaboration with BASF, with regards to scaling up BASF’s research and development projects for seeds, traits and crop protection. The agreement enables BASF’s agricultural research stations worldwide to use Delair’s cloud platform ‘delair.ai’, to streamline and standardize the information gained through drone-based field studies.

· In July 2019, DroneDeploy launched a single enterprise solution for all of its drone operations. This includes automated drone fleet management, enhanced workflow integrations, a low-altitude inspection mode, and advanced analytic capabilities. The release also includes DroneDeploy Academy, which is a comprehensive training program focused on teaching the basics of drone operations while offering insight into the business impact of drones.