Big Data and AI –The Future of Drone Analytics Market

2 min read

The use of Big Data has increased tremendously over the past decade, and has been embraced by several organizations. Over the years, Big Data has proved its usefulness in several sectors and has gained popularity over a wide variety of sectors. Another technology that has grown simultaneously is the use of Drones. These two separate trends may appear to have very little in common, but in reality, they are on a collision course, which could lead to unique and innovative solutions for a wide variety of global problems. They have been put into practice in some sectors, and have yielded valuable results. Although it seems to be a real-time solution for many industrial problems, bringing Big Data and Drones together has its own challenges associated with it, especially in terms of data security. Experts in the field of drone analytics are working to overcome these challenges, in order to realize the full potential of drones.

One of the prevalent uses of drones and Big Data is in agriculture & forestry. Employing technology to enhance crop yields is a top priority. Drones are versatile devices capable of reaching inaccessible places and getting unique pictures. Farmers are utilizing drones to survey their fields and take photos to identify the parts that might be ailing from the lack of water or rough weather. Drones can be installed with monitoring devices that are able to measure moisture content and other vital aspects. This can help the farmers detect when a crop is struggling and to take immediate action. With better crops, revenue from farms can improve. Drones and Big Data could also help fight against poachers in Africa. Some of the non-profit organizations are developing predictive analytics with drone technology to protect African rhinos. The drones are installed with infrared sensors and constantly gather data and monitor the sites under their purview. Drones can generate warning signs for rangers, based on the data collected, and can guide the rangers in stopping illegal activities. The use of this technology can help in preserving thousands of endangered rhinos.

Drones have also proved to be vital in disaster management. For instance, in 2014, during a mudslide in Washington, workers used a drone with a camera attached on it to collect data and create 2D and 3D models, which proved to be useful during reconstruction. Drones can also be used in rescue efforts during calamities, by spotting survivors.

Several companies are investing significantly to enhance the analytics features associated with drones. Consolidation and partnerships are an emerging trend in the drone analytics market. Companies are coming together to share technical knowledge, in order to overcome the challenges in this field. For instance, Honeywell’s InView package is being used with Intel’s Falcon 8+ industrial drone. Likewise, Aviatas Systems, a GE startup, has partnered with Nvidia, to develop AI for data analytics. Boeing and Lockheed Martin are targeting the linear infrastructure market through drone analytics. Some of the major players in the drone analytics market are Precision Hawk, AeroVironment, VIATechnik, Optelos, and Kespy, among others. As per the detailed study of Mordor Intelligence Analysis, the market for drone analytics is expected to experience a rapid growth during the forecast period (2018 – 2023). The report includes the application of drone analytics in different sectors, like Agriculture & Forestry, Construction, Insurance, Aerospace & Defense, amongst others.

It is clear that Big Data and drones can accomplish a lot together, but challenges still remain. Drones gather large amounts of data through videos and pictures, but the immensity of the amount of data, in itself, is a considerable challenge. A single Air Force ISR mission can generate up to 70 tb of data, and requires several applications to correct, process, and properly evaluate the data. Real-time drone analytics need to improve, and is expected to require several upgrades to be able to handle such large amounts of data and provide accurate analysis. Once the obstacles are removed, drone analytics can prove to be a powerful force in solving a number problems, across the globe.

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About the Market:

The Drone Analytics Market is expected to register a CAGR of XX%, during the forecast period (2018 – 2023). The growing adoption of UAVs by different sectors is expected to drive the UAV market, and is anticipated to generate the necessity for data analytics to process and handle large amounts of data.

Get the FULL REPORT from Mordor Intelligence to know more about the Drone Analytics Market (2018 – 2023).

Mordor Intelligence is a market intelligence and advisory firm operating in 14 industry segments, serving over 600 clients, worldwide.

Soumalya
Soumalya S.S has a professional experience of more than a year in Market Research. He is responsible for the Aerospace and Defense domain and has worked on various assignments related to airport services and commercial and military aircraft, which involves detailed market study, technological landscape, market share analysis, competitive landscape, and market sizing.
Soumalya S.S has a professional experience of more than a year in Market Research. He is responsible for the Aerospace and Defense domain and has worked on various assignments related to airport services and commercial and military aircraft, which involves detailed market study, technological landscape, market share analysis, competitive landscape, and market sizing.  

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