As the number of security threats have increased significantly across the globe, which is causing, governments to investment heavily in the military and defense sector. Countries have started deploying advanced technologies for keeping their borders secure. For example, the military and homeland departments of several countries are making use of droned for tracking suspicious movements near borders and strengthening surveillance at vulnerable intrusion points.

Moreover, the U.S. Department of Defense allotted $6.97 billion in financial year 2018 for procuring drones and related technologies. Owing to such factors, the global drone analytics market reached a value of $2,614.3 million in 2019, and it is projected to exhibit a 29.8% CAGR during the forecast period (2020–2030).

Drone analytics refers to the utilization of data captured by drones for custom reporting or image processing, and further integrating the data in big data platforms. Service, software, and hardware are the key components offered under the drone analytics technology. The demand for hardware has been the highest up till now due to the swift adoption of unmanned aerial vehicles in a number of industries, rising requirement for improved monitoring services, and increased need for real-time insights for data-driven decision making.

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Other than this, the demand for drone analytics software is also projected to increase considerably in the years to come, because of the increasing focus on the on-site collection of data and growing demand for drone imaging for mapping and inspection. Hence, the market is growing due to the rising demand for drones from the defense sector across the globe.