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. 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.

Out of these, the demand for drone analytics was the highest for thermal detection application. Thermal drone cameras are being utilized extensive for detecting body temperature, along with which, their demand is also increasing due to the rising need for high-resolution images. In addition to this, thermal drone cameras are also being used for the delivery of essential items in case of emergencies. The mining sector is making wide use of thermal drones for the inspection of the mineral extraction process.

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Owing to such factors, the demand for drone analytics is projected to rise considerably for thermal detection application in the years to come as well. Geographically, the drone analytics market is being dominated by North America, owing to the high integration of computer vision, artificial intelligence, and machine learning in the drone software. Additionally, the increased requirement for inspection and surveillance through drones and increasing demand for such solutions in oil gas, agriculture, and energy utilities are driving the demand for drone analytics in the region.