Drone Service Market Trend & Forecast

Market Insights

Drone Service Market was expected to grow from USD 13.4 bn in 2021 to USD 57.02 bn by 2028 at a CAGR of 22.49% during the forecast period of 2022-2028.

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What is drone service?

Drone service is the service offered by flying robots that are either controlled by remotes or software operations. It is these days an emerging trend as it offers short duration as well as long duration services. 

Drone service can offer several options such as aerial photography, data acquisition, mapping & surveillance, 3D modeling, risk management, and others. Infrastructure, agriculture, logistics, oil & gas, utility & power, security, mining, insurance, and many others are the industries where drone service is used.

Key Players

Some of the major players in the market are-

• Cyberhawk Innovations Limited
• Identified Technologies
• Terra Drone Corporation.
• Aerobo
• Airware
• Dronedeploy
• Edall Systems
• Martek Aviation
• Precision Hawk
• Sky-Futures Ltd.
• Sky-Futures Ltd.

Drivers

The prime factor that is contributing to the growth of the market is-

• Increased requirement for qualitative data in various industries.
• Growing use of drone services for industry-specific solutions.
• Improvised regulatory framework are the prime factors expected to bolster the growth of the global drone service market during 2022-2028.

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Segments Analysis

By Application Type

The Aerial Photography & Remote Sensing Application segment is estimated to register the highest growth during 2022-2028.

The market is segmented as aerial photography & remote sensing, data acquisition & analytics, mapping & surveying, 3D modeling, disaster risk management & mitigation, inspection & environmental monitoring, and others. The growth of the segment is owing to the increase in the demand for aerial photography from various sectors, such as architecture, infrastructure, civil engineering, and oil & gas across the world.  

By Solution Type

The Enterprise segment is expected to grow at a higher rate in the coming five years.

The market is segmented as enterprise and point. The growth of this segment can be attributed to the fact that enterprise solutions deliver end-to-end services to various industries. Further, escalating demand for analytical services and software solutions in the drone service market is propelling growth of the segment.

By Region

The drone service market in the Asia-Pacific region is estimated to witness the highest growth during 2022-2028.

This growth is owing to the increasing number of drone services being used by various industries, such as mining, agriculture, and oil & gas in the region. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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The drone service market is segmented into the following categories. 

By Industry Type

• Infrastructure
• Agriculture
• Logistics
• Media & Entertainment
• Oil & Gas
• Utility & Power
• Security, Search & Rescue
• Mining
• Scientific Research
• Insurance
• Others

By Application Type

• Aerial Photography & Remote Sensing
• Data Acquisition & Analytics
• Mapping & Surveying
• 3D Modeling
• Disaster Risk Management & Mitigation
• Inspection & Environmental Monitoring
• Others

By Duration of Service Type

• Short Duration Services
• Long Duration Services

By Type

• Drone Platform Services
• Drone MRO Services
• Drone Training & Education Services

By Solution Type

• Enterprise
• Point

By Region

• North America (Country: the USA, Canada, and Mexico) 
• Europe (Country: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region: Latin America, the Middle East, and Others)

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by end-user type. 

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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