GLOBAL NEWS: The Drone Services Market is estimated at USD 4.4 billion in 2019 and is projected to reach USD 63.6 billion by 2025, at a CAGR of 55.9% from 2019 to 2025
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The drone services market
report provides an analysis of the market from 2019 to 2025. It discusses
industry and technology trends prevailing in the market, along with the market drivers,
restraints, challenges, and opportunities. The drone services market is
projected to grow from USD 4.4 billion in 2019 to USD 63.6 billion by 2025, at
a CAGR of 55.9% during the forecast period. The market in Asia Pacific is expected to witness substantial
growth during the forecast period, due to the increase in infrastructural projects
and rise in demand for drones in the industry-specific applications are driving the drone
services market in China, Japan, and India.
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| Drone Services Market |
By
application, the aerial photography & remote sensing segment is expected to grow at the highest CAGR during
the forecast period. There has been an increase in the demand for aerial
photography from the infrastructure, oil & gas industries, and among others
around the world. The construction and infrastructure industries use drones to collect
images and data for asset management. Increasing aerial photography applications
coupled with increasing demand for data
collection are likely to drive the demand
for drone services.
Based
on solution, the enterprise solution
segment of the drone services market is expected to grow at the highest CAGR
during the forecast period. Enterprise solution provides end-to-end services to
all industries. Increase in the demand for analytical services and software
solutions in the drone services market is driving the demand for enterprise solution market.
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| Drone Services Market |
Based
on region, the drone services market has been segmented into 5 regions, namely, North
America, Europe, Asia Pacific (APAC), the Middle East, and the Rest of the World.
North America is estimated to account for the largest share of the drone
services market in 2019. However, the market is expected to witness significant
growth in the emerging economies of the Asia Pacific region, such as China and
India. The rise in the capital investment for the development of new
infrastructure projects in the Asia Pacific region is expected to drive the demand
for drone services market.
In-Depth Report
on Drone Service Industry:
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