Monday, December 6, 2021

Surging Use of Drones in Defense & Security Sector Driving Drone Analytics Demand

The drone analytics market has been bifurcated into cloud and on-premises, based on deployment. In 2020, the cloud category had the greater share of the market. Moreover, during the forecast period, this category is expected to grow at the higher rate.

The surging preference for beyond-visual-line-of-sight (BVLOS) drone operations, owing to the ability of BVLOS technology to enable drones to fly beyond the sight of the controller, will create a huge requirement for drone analytics solutions worldwide. BVLOS-based drones allow controllers to monitor large areas and conduct complex operations without any human interference. These drones help in recording high-quality data and reducing technology costs. Owing to such advantages, drone manufacturers are increasingly offering BVLOS-equipped drones to meet the evolving needs of customers and provide extended support to business organizations.

Moreover, the booming demand for unmanned aerial vehicles (UAVs) in the defense and security sector will drive the drone analytics market at a robust CAGR of 32.1% during 2020–2030. The market was valued at $2,815.6 million in 2020 and it is projected to generate $45,575.9 million revenue by 2030. The defense and security industry has been extensively deploying UAVs for the surveillance of areas vulnerable to attack and for conducting effective operations in border areas.

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