SNS Insider Black Friday Offer
Drone Services Market

Drone Services Market By Type (Drone Platform Services, Drone Maintenance, Repair, and Overhaul (MRO) Services), By Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics, Mapping & surveying), By Industry Verticals (Utility & Power, Security, Search & Rescue), By solution (Enterprise and Point) and Regional Forecasts 2022-2028

Report Id: SNS/A&D/1210 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Drone Services Market Size was valued at USD 13.1 billion in 2021 and is expected to reach USD 59.0 billion by 2028, and grow at a CAGR of 24% over the forecast period 2022-2028.

Technological advances have reached far behind and have led to the development of various advanced technologies. The drone Services Market is one of the developed markets included. Drones are used for a variety of commercial purposes around the world. Drone Services are rapidly replacing other applications in the commercial sector, such as aerial surveys, film, and search and rescue.

Drone Services Market Revenue Graph

Drone Services Market share has shown full growth in these marketing applications. The use of drones in the military field to an effective role. They are used in military operations to carry out destructive missions, and searches, and to detect dangerous features and threats. The use of drones in the defense sector is driving the market growth dramatically.

The aerial research includes various wildlife surveillance programs, deforestation, and pollution beyond the group. These critical systems are in dire need of drone resources. Drones can be used longer and remotely by human users or automatically by internal computers. Drone services have expanded into various social and commercial systems due to their high endurance and low operating costs. Incorporating new technologies, such as artificial intelligence, IoT, and cloud computing, into the Drone Services Market will increase their demand in a variety of fields.

MARKET DYNAMICS:

KEY DRIVERS:

  • Safety

  • High-quality data requirement

  • Cost-effective

RESTRAINTS:

  • Delivery risk

  • Lack of skill

OPPORTUNITIES:

  • Urban region

  • Massive Air mobility

  • Less pollution due to electric drone

CHALLENGES:

  • Safety of package

  • Safety of product

  • Hacking

THE IMPACT OF COVID-19

During the COVID-19 pandemic, drones have proven to be ideal for providing a variety of services. As a result, the Drone Services Market Value increased significantly during the pandemic period. During the pandemic, delivering essential products, medicines, and vaccines has become a concern and priority. Drones played an important role during this time, propelling the Drone Services industry Trends. Because of its widespread use in commercial and industrial sectors, the market will continue to grow at a rapid pace.

Drones are gradually demonstrating high work efficiency and productivity, from prompt delivery during peak hours and dispensing medicines and essentials to remote areas to screening in inaccessible location. Nonetheless, many countries have missed out on the potential of drone technology due to its low adoption. The pandemic's outbreak and spread have increased demand for and use of drones, as their benefits outweigh their potential risks. Drones have been used by police departments and governments all over the world to conduct remote policing and impose social distancing. Despite the fact that many law enforcement budgets have been impacted by reduced tax revenues and budget reallocations, current pilot programs are increasing drone usage.

By Type:

The global market is divided into three sections based on product type: Drone Platform Services, Drone Maintenance, Repair, and Overhaul (MRO) Services, and Drone Training & Education Services. Due to rising demand, the drone Platform Services segment will hold the largest share of the Global Drone Services Market over the forecasted period. Drone Platform Services are essential for inspection, imaging, and other solutions.

By Application:

The global market is divided into five applications: aerial photography and remote sensing, data acquisition and analytics, mapping and surveying, modeling, disaster risk management, and mitigation, inspection and environmental monitoring, and others. Among these sub-segments, Aerial Photography & Remote Sensing will account for the largest share of the Global Drone Services Market during the forecast period. Aerial photography and remote sensing services are in high demand across military and defense, construction, and infrastructure. In addition, due to the rising demand for environmental protection and green practices, inspection, and environmental monitoring are growing at a faster CAGR.

By Industrial Verticals:

The global market is further classified into Construction & Infrastructure, Agriculture, Utility, Oil & Gas, Mining, Defense, Transport, Logistics & Warehousing, and Others. Among these sub-segments, agriculture will hold the largest share of the Global Drone Services Market during the forecast period. The factors can be attributed to the rising demand for Drone Services in countries such as India, China, and the United States. These nations produce a lot of vegetables, legumes, grains, fruits, and pulses.

By Solution:

The Drone Services Market is divided into two segments: enterprise and point-based solutions. Due to its end-to-end solution and support for all industries, the enterprise segment is expected to grow at a faster CAGR during the forecast period. The point segment has dominated in recent years due to the growing demand for customized services in the industries.

The key players in the Drone Services Market 

Analysis is boosting market growth with their key strategies and planning. Here is the list of key players of the Market Trends. Phoenix Drone Services, Precision Hawk, Vermeer, CYBERHAWK INNOVATIONS LIMITED, Sky-Futures, DroneDeploy, DJI, Martek Aviation, Terra Drone Corporation, SHARPER SHAPE INC, and Other players.

KEY MARKET SEGMENTS:

By Type:

  • Drone Platform Services

  • Drone Maintenance

  • Repair

  • Overhaul Services

By Industry Verticals:

  • Utility  

  • Power

  • Security

  • Search

  • Rescue

By Application:

  • Aerial Photography

  • Remote Sensing,

  • Data Acquisition

  • Analytics

  • Mapping

  • surveying

By Solution:

  • Enterprise

  • Point

Drone Services Market Segment Chart

REGIONAL ANALYSIS

The location of Drone Services Market Outlook reflects major market-covered regions, such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Among these regions, the North American Region is recognized for its outstanding players in this region. The European market is expected to grow slowly due to the increasing use of drones in the infrastructure industry in a large country like the UK. Asia Pacific is expected to register the highest CAGR due to the growing rate of drone’s production and the adoption of drone services in the agricultural sector.

Increased acceptance of oil test drones by leading oil and gas companies drives the Drone Services Market in the Middle East and Africa. Increasing investment by key players in the Latin American region is expected to boost the regional market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Drone Services Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 13.1 Billion
Market Size by 2028 US$ 59.0 Billion
CAGR CAGR of 24% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Drone Platform Services, Drone Maintenance, Repair, and Overhaul (MRO) Services)
• By Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics, Mapping & surveying)
• By Industry Verticals (Utility & Power, Security, Search & Rescue)
• By solution (Enterprise and Point)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Market Trends. Phoenix Drone Services, Precision Hawk, Vermeer, CYBERHAWK INNOVATIONS LIMITED, Sky-Futures, DroneDeploy, DJI, Martek Aviation, Terra Drone Corporation, SHARPER SHAPE INC, and Other players.
DRIVERS • Safety
• High-quality data requirement
• Cost-effective
RESTRAINTS • Delivery risk
• Lack of skill


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Drone Services Market, By Type

8.1 Drone Platform Services

8.2 Drone Maintenance

8.3 Repair

8.4 Overhaul Services

 

9. Drone Services Market, By Industry Verticals

9.1 Utility 

9.2 Power

9.3 Security

9.4 Search

9.5 Rescue

 

10. Drone Services Market, By Application

10.1 Aerial Photography

10.2 Remote Sensing,

10.3 Data Acquisition

10.4 Analytics

10.5 Mapping

10.6 surveying

 

11. Drone Services Market, By Solution

11.1 Enterprise

11.2 Point

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3        Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4        Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6        Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

 

13. Company Profiles

13.1 Phoenix Drone Services

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Precision Hawk

13.3 Vermeer

13.4 CYBERHAWK INNOVATIONS LIMITED

13.5 Sky-Futures

13.6 DroneDeploy

13.7 SHARPER SHAPE INC.

13.8 DJI

13.9 Martek Aviation

13.10 Terra Drone Corporation

 

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.