Drone Services Market Size
Drone Services Market is estimated to reach a CAGR of 34.6 %, with a value of USD 65.18 Billion during the forecast period 2020-2030. A drone, or unmanned aerial vehicle, refers to an unpiloted flying robot controlled by remote or self-automation software. It consists of a power source, such as Lithium-ion batteries or solar, fuel and hybrid cells, rotors, propellers, cameras, altimeter, controllers to communicate through radio waves, and a body frame. The drone's frame is usually manufactured using lightweight and composite materials to minimize weight and enhance maneuverability during flight. These drones are commonly used for construction, agriculture, law enforcement, military operations, such as anti-aircraft target practice, intelligence gathering, and commercial activities, such as traffic and weather monitoring, firefighting, and search and rescue operations.
The growing need to increase situational awareness in the military and defense sector is one of the key factors driving the market's growth. Furthermore, significant growth in the construction industry creates a positive for the Drone Services Market Outlook. Drones are deployed with geographic information systems, mapping services, and light detection and ranging systems. These systems aid in surveying lands, providing constant and reliable topographic updates, improving safety, and preventing hazardous situations. For instance, surveillance drones are being employed to monitor public movement during the coronavirus disease lockdowns around hotspot zones. Additionally, the development of customized and technologically advanced variants is another growth-inducing factor.
Market USP
The increasing demand for high-quality data and technology advancements in drones is expected to drive the drone services market growth.
Key Players
Measure (US), Precision Hawk (US), Marek Aviation (UK), Terra Drone Corporation (Japan), sense Fly (Switzerland), Vermeer (US), CYBERHAWK INNOVATIONS LIMITED (UK), Sky Futures (UK), Drone Deploy (US), SHARPER SHAPE INC. (US), DJI (China)
Other Prominent Players
Phoenix Drone Services (US), Unmanned Experts Inc. (US), Deair (France), Priorian Robotics (US), The Sky Guys, Ltd. (Canada), Deveron UAS (Canada), MMC (China), Mires Innovate Private Limited (Singapore), Sky Vision Aerial Photography Services (UAE), FEDS (UAE)
Market Segmentation:
The global Drone Service Market Insights has been divided into solution, type, platform, industry, and regional basis. The solution section divides the market into two categories: enterprise and point. With the type section, the market is divided into drone platform services, drone MRO services, and drone training and education services. According to the platform section, the entire global drone service market is classified into two sections cloud-based and operator software duration. The industry section is further divided into nine parts: agriculture, infrastructure, logistics, media and entertainment, oil & gas, security, search & rescue, utility & power, mining, insurance, scientific research, and others. According to the application type, the drone service market is divided into six sections: data acquisition & analytics, mapping & surveying, 3D modeling, aerial photography & remote sensing, disaster risk management & mitigation, inspection & environmental monitoring, and others. As per the regional basis, the entire market is divided into five sections Asia-Pacific, Europe, North America, South America, and Middle East & Africa.
Regional Analysis:
The United Kingdom accounts for the highest share in 2021, primarily due to the highest number of drone service providers in the European region. The number of drone operators in the country has increased in the past five years. There were about 400 commercial drone operators in the country. However, as of 2021, there are more than 5,000 operators. Further, the companies are robustly working on introducing drone services to support their operations in the country. For instance, Royal Mail began testing autonomous cargo drones in May 2021 in the Isles of Scilly in the UK. The company tested Wind racer's Ultra UAV for long-range BVLOS routes.
The tests included inter-island drone flights using smaller vertical take-off and landing drones. To further strengthen the country's commercial drone services, the UK government launched an initiative called the Drones Pathfinder Catalyst Program, which aims to increase the adoption of drones in public and private sectors over ten years.
Industrial News:
The report has also analyzed the competitive landscape of the market, with some of the key players being 3D Robotics, AeroVironment Inc., Birdseyeview Aerobotics Inc., Delair SAS, DroneDeploy Inc., Intel Corporation, Parrot SA, Precisionhawk Inc., SZ DJI Technology Co. Ltd., Terra Drone Corporation, The Boeing Company, etc.
Drone Services Market Research Report: Information by Solution (Enterprise and Point), Type (Drone Platform Services, Drone MRO Services and Drone Training & Education Services), Platform (Cloud-Based and Operator Software), Duration (Short Duration Services and Long Duration Services), Industry (Agriculture, Infrastructure, Logistics, Media & Entertainment, Oil & Gas, Security, Search & Rescue, Utility & Power, Mining, Insurance, Scientific Research and others), Application (Data Acquisition & Analytics, Mapping & Surveying, 3D Modeling, Aerial Photography & Remote Sensing, Disaster Risk Management & Mitigation, Inspection & Environmental Monitoring and others) - Forecast till 2030
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