Drone Services Market : Revenue, Share and Forecast To 2025

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.  

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.

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.

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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.

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Drone Services Market | drone services near me | drone services companies

The report "Drone Services Market by Industry (Infrastructure, Agriculture, Entertainment, Logistics), Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics), Type of Drone, Duration of Service, and Region - Global Forecast to 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.

Browse 104 market data tables and 45 figures spread through 164 pages and in-depth TOC on “Drone Services Market - Global Forecast to 2022"

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Key factors expected to fuel the growth of the drone services market is the increasing demand for high quality and real time data, favorable changes in policies and regulations pertaining to the use of drones in civil aerospace and rising demand of drones in the commercial sector.

The aerial photography & remote sensing application segment is expected to dominate the market during the forecast period

Based on application, the aerial photography & remote sensing segment of the drone services market is expected to dominate the drone services market and is anticipated to witness highest growth during the forecast period. Aerial photography and remote sensing is considered as a low cost system and is considered as the most suitable and efficient way of collecting surveillance data for 3D mapping in various industries, such as oil & gas, agriculture, and logistics, among others.

Based on type of drone, the multirotor drone segment is projected to witness highest growth during the forecast period

Based on type of drone, the multirotor drone segment is projected to witness highest growth during the forecast period, owing to the ability of multirotor drones for vertical take-off and landing (VTOL), stability, and capacity to hover and perform agile maneuvering.

Based on duration of service, the short duration drone segment is projected to lead the market during the forecast period

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

Asia-Pacific drone services market to witness high growth during the forecast period

North America is estimated to lead the drone services market in 2016, due to increased use of drone services in infrastructure, agriculture, and media & entertainment industries in the region. The drone services market in Asia-Pacific (APAC) is expected to grow witness highest growth during the forecast period, owing to the expansion of commercial sector, increase in reliability of drones, and improvement in policy framework regarding the use of drones in civil aerospace.

Key players profiled in the drone services market include Airware, Inc. (U.S.), SenseFly Ltd. (Switzerland), Aerobo (U.S.), Cyberhawk Innovations Ltd. (U.K.), and Sky-Futures Ltd. (U.K.), among others.

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Mr. Shelly Singh

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