Drone Services Market continues to be bullish and attended size of $63.6 billion by 2025

San Francisco, CA, Nov-15, 2019 /(Aerospace NEWS)-- According to the new market research report "Drone Service Market Application (Aerial Photography, Data Acquisition and Analytics), Industry (Infrastructure, Media & Entertainment, Agriculture), Type (Drone Platform Service, Drone MRO, Drone Training, Solution, and Region - Global Forecast to 2025", 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. Factors such as the increasing demand for drone surveys across the globe and the growing use of drone in infrastructure, Oil & Gas industry in Asia Pacific and the Middle East are expected to fuel the growth of the drone services market.

Browse 77 market data Tables and 33 Figures spread through 174 Pages and in-depth TOC on "Drone Service Market - Global Forecast to 2025 "

The infrastructure industry segment projected to grow at a higher CAGR in the drone services market during the forecast period

Based on industry, the infrastructure industry segment is expected to lead the drone services market during the forecast period. This segment includes drone services provided operators to different end-use industries such as oil & gas, mining, infrastructure, logistics, media and entertainment, agriculture and utility & power among others. In the infrastructure industry, increase in the demand for aerial mapping for data collection and aerial photography is driving the growth of infrastructure industry.

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The training & education type segment of the drone services market is expected to grow at the highest CAGR during the forecast period

Based on type, the training & education segment of the drone services market is expected to grow at the highest CAGR during the forecast period. The increase in demand from drone training institutes and rise in the number of drone pilots has led to an increase in the demand for the training & education segment.  Requirement of the skilled pilots in the drone industry is lucrative opportunity for the trainee pilots, which is supporting the growth of this market.

Asia Pacific is expected to be fastest-growing market for drone services

Asia Pacific is estimated to lead the drone services market during the forecast period. The growth of this market is supported by new infrastructure projects in the region, thereby providing various opportunities for drone services.  The rise in the capital investment for the development of new infrastructure projects in China and India is expected to drive the demand for drone services market. Also, rise in the drone deliveries in the region is another factor supporting the growth of the market.

Major players in the drone services market Aerobo (US), Airware (US), Cyberhawk (UK), Deveron UAS (Canada), DroneDeploy (US), Identified Technologies (US), Measure (US), Phoenix Drone Services (US), Prioria Robotics (US), SenseFly (Switzerland), Sharper Shape (US), Sky-Futures (UK), Terra Drone (Japan), The Sky Guys (Canada),  and Unmanned Experts (US) among others.

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Drone Services Market | Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022

The drone services market is estimated to be USD 705.3 Million in 2016 and is projected to reach USD 18,022.7 Million by 2022, at a CAGR of 71.62% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022.

Based on industry, the infrastructure segment of the drone services market is projected to witness highest growth, owing to the increasing use of drones in the infrastructure industry for a broad range services, such as aerial photography & remote sensing, data acquisition & analytics, and mapping & surveying, among others. The agriculture industry is also one of the major segments in the drone services market, as drone-based services such as crop monitoring, inspection, and pesticide spraying are widely being adopted in this industry.

Based on application, the aerial photography & remote sensing segment of the drone services market is projected to witness significant growth. The demand for aerial photography & remote sensing is rising in various industries, owing to the capability of drones to collect high-resolution aerial data in complex areas. Inspection & environmental monitoring is another major application segment of the market, due to the increasing use of drone services for forest monitoring, volcanic eruptions, glacier surveillance, ocean research, geophysical research, and wildlife observations, among others.

Based on duration of service, the short duration service segment is projected to lead the drone services market during the forecast period. The short duration drone service is popular in several industries for photography, inspection, and monitoring. The long duration service segment is projected to witness high growth during the forecast period, owing to the increasing use long duration drone services for mining and construction purposes.

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Based on type of drone, the multirotor drone segment is projected to lead the drone services market during the forecast period because of their ability for vertical take-off and landing (VTOL) and their capacity to hover and perform agile maneuvering. This makes rotary wing drones well-suited for applications such as aerial photography, high- resolution video capturing, and facility inspections that require maneuvering around difficult spaces and the ability to maintain visuals on a single target for extended periods.

North America is estimated to lead the drone services market in 2016, due to the increased use of drone services in the infrastructure, agriculture, and media & entertainment industries. The drone services market in Asia-Pacific (APAC) is expected to witness significant growth in near future, due to the expansion of the commercial sector and improvements in policy framework regarding the use of drones in the region.

Contact :

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: newsletter@marketsandmarkets.com