Report Scope & Overview:
Drone Services Market Size was valued at USD 16.24 billion in 2022 and is expected to reach USD 90.75 billion by 2030, and grow at a CAGR of 24% over the forecast period 2023-2030.
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 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.
High-quality data requirement
Lack of skill
Massive Air mobility
Less pollution due to electric drone
Safety of package
Safety of product
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.
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.
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.
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.
KEY MARKET SEGMENTS:
Drone Platform Services
By Industry Verticals:
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Phoenix Drone Services, Precision Hawk, Vermeer, CYBERHAWK INNOVATIONS LIMITED, Sky-Futures, DroneDeploy, DJI, Martek Aviation, Terra Drone Corporation, SHARPER SHAPE INC, and Other players.
Phoenix Drone Services-Company Financial Analysis
|Market Size in 2022||US$ 16.24 Billion|
|Market Size by 2030||US$ 90.75 Billion|
|CAGR||CAGR of 24% From 2023 to 2030|
|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||Phoenix Drone Services, Precision Hawk, Vermeer, CYBERHAWK INNOVATIONS LIMITED, Sky-Futures, DroneDeploy, DJI, Martek Aviation, Terra Drone Corporation, SHARPER SHAPE INC, and Other players.|
• High-quality data requirement
|RESTRAINTS||• Delivery risk
• Lack of skill
The expected CAGR of the Drone Services Market is 24% during the forecast period of 2023-2030.
The forecast period of the Drone Services Market is 2023-2030.
The leading players in the Drone Services Market include Market Trends. Phoenix Drone Services, Precision Hawk, Vermeer, CYBERHAWK INNOVATIONS LIMITED, Sky-Futures, DroneDeploy, DJI, Martek Aviation, Terra Drone Corporation, and SHARPER SHAPE INC.
The Covid-19 pandemic impacted the Drone Services Market positively with increased numerous opportunities to expand in the market. The detailed analysis is included in the final report.
North America region dominated the Drone Services Market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
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
8.4 Overhaul Services
9. Drone Services Market, By Industry Verticals
10. Drone Services Market, By Application
10.1 Aerial Photography
10.2 Remote Sensing,
10.3 Data Acquisition
11. Drone Services Market, By Solution
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Phoenix Drone Services
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Precision Hawk
13.4 CYBERHAWK INNOVATIONS LIMITED
13.7 SHARPER SHAPE INC.
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
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