The ‘Drone Powered Business Solutions Market ’ study, compiled by Persistence Market Research, is essentially an exhaustive review of present and future trends of this business sphere. The report also collates a concise outline of industry share contenders, market share, market size in terms of value and volume, distribution channel, and geographical spectrum along with revenue predictions of the industry landscape.
Drone technologies are creating immense potential in new application areas for existing businesses. Its wide scope of application is rapidly driving its adoption in several end-user industries such as agriculture, security and surveillance, infrastructure, media & entertainment among others. Availability of various types of drone-powered solutions and drone functionalities fulfils the requirement of different industries, hence creating demand for drone-powered business solutions by respective industries. Drone-powered business solutions are suitable for those industries which require mobility and large amount of data.
Drones are Unmanned Aerial Vehicles (UAV) which combine the power of robotics and digitization to collect data while moving or do aerial surveys and inspections. Drone inspection facilitates constant data accumulation and also allow photogrammetry which is the science of making 3D models out of measurements taken from photographs. Photogrammetry is expected to create huge opportunities for drones in 3D printing application.
Drone-Powered Business Solutions Market: Drivers and Restraints
Rising need for quality data is one of the most important factors driving the drone-powered business solutions market. Industries such as energy, oil & gas and construction are rapidly adopting the usage of drones as they provide high quality images which help companies to do quality inspection, monitoring and maintenance of infrastructure. Drones also capture high quality geo-spatial and photogrammetry data which is used by agriculture industry for understanding topography and vegetation development. Furthermore, drones are very cost-effective compare to other manned aviation and satellites which makes it more desirable for commercial purposes.
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The increase in number of drones for commercial purposes is creating threats to the safety of other aerial vehicles and also increasing the risk of collision with air traffic controllers of manned vehicles. These drones also increase privacy concerns. While flying overhead, drones also collect confidential information or personal data and images. This is a widespread concern and various national authorities are working to solve this issue.
Global Drone-Powered Business Solutions Market: Market Segmentation
Global Drone-Powered Business Solutions Market can be divided into three segments, based on Solution Type, Application and End-user.
Segmentation on basis of Solution Type in Drone-Powered Business Solutions market:
The segments in Drone-Powered Business Solutions market by solution type include:
Segmentation on basis of Application for Drone-Powered Business Solutions Market:
The major segments of Drone-Powered Business Solutions market on basis of application include:
- Mapping and Surveying
- Aerial Video and Photography
- Surveillance and Monitoring
- Data Collection and Analysis
- Delivery Services
- 3D Modelling
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Segmentation on basis of End-user for Drone-Powered Business Solutions Market:
The major segments of Drone-Powered Business Solutions market on basis of end-user include:
- Construction & Real-estate
- Oil & Gas
- Energy & Utilities
- Media & Entertainment
- Others (Mining, Telecom, Insurance)
Global Drone-Powered Business Solutions Market Trends
One of the important trends happening in the global drone-powered business solutions market is connecting a commercial drone to a mobile device such as smartphone and tablet. Companies such as DroneDeploy and UGCS (SPH Engineering) have developed mobile apps which can remote control multiple drones from any mobile device. This control is enabled by connecting a 4G telemetry device to a drone’s avionics.
Global Drone-Powered Business Solutions Competitive Landscape
Some of the prominent players in the Drone-Powered Business Solutions market include 3D Robotics Inc. (3DR), Aerialtronics, Airware, Cyberhawk Innovations Limited, CyPhy Works, Inc., FlyWorx LLC, DJI, DroneDeploy.com, Pix4D, PrecisionHawk and senseFly Ltd. (Parrot SA), among others.