SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Drone Analytics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 428
Companies: 43 - Players covered include AeroVironment, Inc.; Agribotix LLC; Airware; Delta Drone; DroneDeploy, Inc.; Esri; Huvrdata LLC; Kespry Inc.; Optelos; Pix4D S.A; Precisionhawk Inc.; Sentera, Inc.; Viatechnik, LLC. and Others.
Coverage: All major geographies and key segments
Segments: Deployment (On-Demand, On-Premise); End-Use Industry (Agriculture & Forestry, Construction, Mining & Quarrying, Oil & Gas, Other End-Use Industries); Solution (End to End Solutions, Point Solutions)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Drone Analytics Market to Reach $10 Billion by 2026
Amid the COVID-19 crisis, the global market for Drone Analytics estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$10 Billion by 2026, growing at a CAGR of 25.2% over the analysis period. On-Demand, one of the segments analyzed in the report, is projected to record a 27.4% CAGR and reach US$5.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premise segment is readjusted to a revised 23.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $997.3 Million in 2021, While China is Forecast to Reach $1.7 Billion by 2026
The Drone Analytics market in the U.S. is estimated at US$997.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2026 trailing a CAGR of 24.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.8% and 21.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 17.5% CAGR. More
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SOURCE Global Industry Analysts, Inc.