Global Drone Analytics Market: Key Highlights
Global Drone Analytics Market: Key Market Dynamics
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Global Drone Analytics Market: Regional Overview
The drone analytics market in the Asia-Pacific region is projected to witness high demand due to the high production of aircraft in the region. According to the International Air Transport Association (IATA), the region is significance to be a manufacturing center of the world and profit by the transport advance the sales of many of the region airlines. Also demand for the cargo volume and trade is consider to be moderate,
The region is supporting the air cargo and world trade by the profit of USD 4.9 Billion in 2019 and projected to grow USD 6 Billion by 2020.
According to the International Air Transport Association (IATA), the region is net profit is witness to be USD 6.2 Billion and is anticipate to be USD 7.9 Billion by 2020. According to the Aerospace & Defense Industries Association of Europe, the total turnover stood at USD 281.67 billion in 2018. The country invested USD 21.76 billion in aerospace & defense R&D. however, the Germany is the second largest aviation market in the region which can help to fuel the market growth.
Global Drone Analytics Market: Key Players Overview
Ageagle Aerial Systems Inc. deals in commercial agriculture Drone Company. Also its design, support technologically advanced small unmanned aerial vehicles and agriculture industry. The industry is major provider for advanced drone enabled data analytics solution for the proper result sustained. In 2018, the company is supplying the corporate update on its enterprise strategy and growth initiatives.
The company is a global supplier for the geographic information system software. Also the company GIS is the most powerful mapping and spatial analytics technology available. The ArcGIS drone collection of the company is GIS insight and location powered intelligence with the help of drone. In 2019 the company announced its partnership with 3DR to launch the ArcGIS drone collection which will lead to enhance the drone analytics growth in the forecast period.
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