The global demand for Drone Services Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Drones are commonly referred to as Remotely Piloted Aerial Systems (RPAS) or Unmanned Aerial Vehicles (UAV). The large organizations outsource their drone operations to drone service providers. They navigate business risk related to drones, regulatory red tape, and privacy and security concerns. Apart from organizations and industries, these services are also preferred for many niche applications such as aerial photography, orthomosaic maps, aerial inspections, collecting drone data, or a variety of other solutions.
The use of drones is gaining popularity and is revolutionizing many industries across the globe. More and more industries are turning to drones to reduce waste, optimize operations, and help the project. The requirements for operating drones make it necessary for companies to tap service providers’ expertise, giving the market strong growth potential. The development of services is evolving towards commercial, civil, and consumer spaces, including professional videography, traffic management, and last-mile delivery, surveying, construction, inspection. Drones are being used for an even greater purpose in the times of COVID-19, they are playing the role in combating managing crowds, contaminated areas, and deliver medical supplies. Other purposes of drones include detecting the human body temperature in crowded places. This has opened new doors for market growth. To deliver better business value, service providers are focussing on the accuracy of data processing and analysis as well as issues related to managing enormous data sets and data governance. However, the market is facing several barriers in terms of regulation and privacy. Organizations most often choose to handle their own drones, data processing, and data analysis owing to the privacy aspects which is restraining the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of drone services.
The entire drone services market has been sub-categorized into drone type, service duration, application, and industrial vertical. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Drone Type
By Service Duration
- Multirotor Drone
- Fixed Wing Drone
- Short Duration Service
- Long Duration Service
By Industrial Vertical
- Data Acquisition and Analytics
- Aerial Photography and Remote Sensing
- Inspection and Environmental Monitoring
- Mapping and Surveying
- Product Delivery
- 3D Modeling
- Utility and Power
- Security, Search & Rescue
- Oil and Gas
- Scientific Research
- Media & Entertainment
This section covers regional segmentation which accentuates on current and future demand for drone services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Drone Services Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the drone services market include Edall Systems, Precision Hawk, Martek Aviation, Aerobo, Cyberhawk Innovations. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.