According to reportlinker.com, the drone analytics market is projected to grow by USD8.6 billion worldwide, driven by a compounded growth of 27.1%.
On-Demand, one of the segments analysed and sized in this study, suggests a potential to grow at over 29.3%. The shifting dynamics supporting this growth makes it critical for relevant businesses to keep abreast of the changing pulse of the market. Poised to reach over USD4.3 billion by the year 2025, On-Demand will bring in healthy gains adding significant momentum to global growth.
The report goes on to say that the USA will maintain a 30.3% growth momentum. Europe, which continues to remain an important part of the world economy, Germany will add over USD268 million to the region’s size in the next 5 to 6 years. Over USD401.5 million worth of projected demand in the area will come from the remainder of European markets.
In Japan, On-Demand will reach a market size of USD344.3 million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 25.8% over the next few years and add approximately USD1.4 billion in terms of addressable opportunity for the picking by aspiring businesses.
Competitors identified in the market include AeroVironment, Agribotix, Airware, Delta Drone, Esri, Huvrdata, Viatechnik and Kespry.
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