A number of factors, such as the mounting information technology (IT) expenditure, burgeoning demand for drones, soaring focus on developing advanced drones, rising preference for flight intelligence, and increasing need for gathering real-time information on a specific building and area, are expected to accelerate the drone analytics market at a robust CAGR, of 32.1%, during 2020–2030.

According to P&S Intelligence, the market revenue is projected to surge from $2,815.6 million in 2020 to $45,575.9 million by 2030. The burgeoning demand for unmanned aerial vehicles (UAVs) from the defense and security industry is expected to drive the demand for drone analytics, worldwide. This industry is increasingly deploying UAVs for ensuring effective operations in border areas and monitoring the areas vulnerable to attack.

Moreover, the increasing defense budget of countries, such as China, Russia, the U.S., and Saudi Arabia, is also facilitating the deployment of drones in armed forces. For instance, in 2021, the U.S. Department of Defense (DOD) allocated $7.5 billion for the procurement of drones and the related technologies in defense forces of the country.

BVLOS-enabled drones allow controllers to conduct complicated operations and monitor extensive areas without any manual intervention. Owing to these reasons, drone manufacturers across the world are increasingly integrating BVLOS capabilities into drone software to meet the evolving needs of customers and provide extended support to business organizations.

In recent years, the surging preference for beyond-visual-line-of-sight (BVLOS) drone operations has become a key trend in the drone analytics market. The BVLOS operations allow drones to fly beyond the sight of the user and offer high-quality data and reduced technology costs. This market research report provides a comprehensive overview of the market

The Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings