Drone Service Market Size Worth US$ 297.47 Billion by 2030 at 46.8% CAGR, COVID-19 Impact and Global Analysis by Emergen Research
According to Emergen Research’s most recent analysis, the worldwide drone service market had a value of USD 9.60 billion in 2021 and is projected to grow at a rate of 46.8% during the forecast period. Growing demand for drone services for time-saving delivery and geographic monitoring is a key element boosting the worldwide drone service market’s revenue growth. An further aspect boosting market revenue growth is the rising demand for aerial photography and videography.
The drone services market has been divided into platform (which is further divided into flights piloting & operation, data analysis, and data processing), MRO, and simulation & training) based on the type of service offered. According to application, the drone services market has been divided into security, search, and rescue, transport, and delivery, as well as inspection, monitoring, mapping, seeding, spraying, and monitoring. Construction & infrastructure, agriculture, utility, oil & gas, mining, defence & law enforcement, media & entertainment, scientific research, insurance, aviation, marine, healthcare & social assistance, and transportation, logistics, and warehousing are the different industries that the drone services market has been divided into. These sectors employ a wide range of drone services, including mapping, surveying, and filmmaking and photography, as well as inspection and monitoring. End-to-end and point solutions have been classified as segments of the drone services market.
Some Key Highlights in the Report :
The drone services industry has been divided into four categories based on type: platform, MRO, simulation & training, and flights piloting & operation (which is further divided into data analysis and data processing). Due to its increased data collecting efficiency, lower cost, and universal accessibility of drone services, the platform sector is anticipated to grow at the greatest CAGR during the projection period.
Construction & infrastructure, agriculture, utility, oil & gas, mining, defence & law enforcement, media & entertainment, scientific research, insurance, aviation, marine, healthcare & social assistance, and transportation, logistics, and warehousing are the different industries that the drone services market has been divided intoDue to increased investments made throughout the COVID era to distribute test samples and vaccines, the healthcare and social support segment is anticipated to develop at the fastest rate.
Over the course of the projected period, the filming and photography category is anticipated to post a relatively strong rate of revenue growth. Construction and infrastructure sectors hire drone services to gather digital data for asset management as a result of digital transformation. Demand for drone services is being driven by an increase in aerial photography and filming applications as well as a rise in the need for data collecting for various projects.
In 2021, North America is anticipated to hold the greatest market share for drone services. Services for flying drones that can be remotely controlled or flown autonomously by integrating software-controlled flight plans into their embedded systems make up the growing industry for drone services. Commercial drone services help businesses in sectors including agriculture, insurance, construction, marine, aviation, oil & gas, mining, and infrastructure by carrying out operations like search and rescue, package delivery, industrial inspection, imagery assembly, fertiliser application, distribution of medical supplies to remote locations, and broadcasting television programmes.
Some major companies operating in the market include Aerodyne Group, AgEagle Aerial Systems Inc., CYBERHAWK, Matternet, Phoenix Drone Services LLC, Terra Drone Corporation, SenseFly, DroneDeploy, Precision Hawk, Sky Futures, Unmanned Experts Inc., and Agribotix LLC.
Emergen Research has segmented the global drone service based on type, duration, application, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2019–2030)
- Platform Service
- Training and Education
- Maintenance Repair Overhaul
- Duration Outlook (Revenue, USD Billion; 2019–2030)
- Short Duration Service
- Long Duration Service
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Remote Sensing and Monitoring
- Aerial Photography and Filming
- Mapping & Surveying
- Spraying & Seeding
- Transport & Delivery
- Security, Search, and Rescue
- Medical Aids
- End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Defense and Homeland Security
- Building, Construction, and Infrastructure
- Media and Entertainment
- Transport, Logistics, and Warehousing