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Global Drone Services Market – Industry Trends and Forecast to 2029

Semiconductors and Electronics

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Global Drone Services Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Drone Services Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 35.40 Billion
Diagram Market Size (Forecast Year) USD 67.80 Billion
Diagram CAGR %

Major Markets Players

  • 3M
  • Accenture
  • Lockheed Martin Corporation
  • Raytheon Company
  • Boeing

Global Drone Services Market, By Type (Drone Platform Service, MRO, Training and Education), Solution (Enterprise, Point), Duration of Service (Short Duration Service, Long Duration Service), Product (Fixed Wing, Rotary Wing, Hybrid, Multirotor Drone), Application (Aerial Photography and Remote Sensing, Data Acquisition and Analytics, Mapping and Surveying, 3D Modeling, Disaster Risk Management and Mitigation, Inspection and Environmental Monitoring, Others), Industry (Infrastructure, Agriculture, Logistics, Media and Entertainment,  Oil and Gas, Utility and Power, Security, Search and Rescue, Mining, Scientific Research, Insurance, Others) - Industry Trends and Forecast to 2029

Drone Services Market

Market Analysis and Size

Drone services are being highly deployed across different industry verticals as they offer high-quality services along with real-time data. These services provide numerous benefits such as maintaining a cost-saving, precision, safe environment, quality of aerial imaging, and deployable technology, among others.

Global Drone Services Market was valued at USD 0.94 billion in 2021 and is expected to reach USD 228.22 billion by 2029, registering a CAGR of 48.82% during the forecast period of 2022-2029. Logistics accounts for the largest industry segment owing to the increase in demand for fast package delivery services in the region. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Drones refer to the unmanned aerial vehicles that are widely utilized for mapping and surveying, inspection and monitoring, and filming and photography, amongst others. These unmanned aerial vehicles are available in various sizes such as micro, small, medium, and large.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Drone Platform Service, MRO, Training and Education), Solution (Enterprise, Point), Duration of Service (Short Duration Service, Long Duration Service), Product (Fixed Wing, Rotary Wing, Hybrid, Multirotor Drone), Application (Aerial Photography and Remote Sensing, Data Acquisition and Analytics, Mapping and Surveying, 3D Modeling, Disaster Risk Management and Mitigation, Inspection and Environmental Monitoring, Others), Industry (Infrastructure, Agriculture, Logistics, Media and Entertainment,  Oil and Gas, Utility and Power, Security, Search and Rescue, Mining, Scientific Research, Insurance, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

3M (US), Accenture. (Ireland), Lockheed Martin Corporation. (US), Raytheon Company. (US), Boeing. (US), Northrop Grumman Corporation. (US), Booz Allen Hamilton Inc (US), BAE Systems. (UK), General Dynamics Corporation (US), AeroVironment, Inc. (US), Airbus S.A.S(France), Anixter Inc. (US), AT&T Intellectual Property (US), Avigilon Corporation (Canada), Cisco Systems, Inc. (US), L3Harris Technologies, Inc. (US), Hewlett Packard Enterprise Development LP (US), among others

Market Opportunities

  • Development of urban air mobility services
  • Rise in demand for drone services around the world
  • Surge in demand for drones in military and defense

Drone Services Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Rise in Demand across Industry Verticals

The rise in demand for drone services around the world acts as one of the major factors driving the drone services market. These drones are being deployed in construction and infrastructure, military and defense, logistics, and warehousing, and transport, among others.

  • Agricultural Use

Drones are used in the agricultural sector as they can assist farmers in optimizing the use of the fertilizers, seed, and water, among others. They can be used for removing pests, weeds, and fungi by taking the right action, to improve variable-rate prescriptions in real-time and to save time crop scouting.

  • High Usage in Military and Defense

The surge in demand for drones in military and defense further influence the market. They assist in inspection and monitoring services, and provide benefits such as border security, crime control, anti-terror and counterinsurgency.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the drone services market.

Opportunities

Furthermore, development of urban air mobility services extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, increase in demand for drone delivery services during COVID-19 crisis will further expand the market.

Restraints/Challenges

On the other hand, liability issues associated with drone operations and services and issues with drone safety and security are expected to obstruct market growth. Also, lack of risk management framework and insurance cover for aerial delivery drones and requirement of high investments are projected to challenge the drone services market in the forecast period of 2022-2029.

This drone services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on drone services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Drone Services Market

The COVID-19 had a negative impact on the drone services market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand drone services technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the drone services market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Global Drone Services Market Scope and Market Size

The drone services market is segmented on the basis of type, solution, duration of service, product, application and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Drone Platform Service
  • MRO
  • Training and Education

Solution

  • Enterprise
  • Point

Duration of Service

  • Short Duration Service
  • Long Duration Service

Product

  • Fixed Wing
  • Rotary Wing
  • Hybrid
  • Multirotor Drone

Application

  • Aerial Photography and Remote Sensing
  • Data Acquisition and Analytics
  • Mapping and Surveying
  • 3D Modeling
  • Disaster Risk Management and Mitigation
  • Inspection and Environmental Monitoring
  • Others
    • Product Delivery
    • Pollution Monitoring
    • Storm Tracking

Industry

  • Infrastructure
  • Agriculture
  • Logistics
  • Media and Entertainment
  • Oil and Gas
  • Utility and Power
  • Security
  • Search and Rescue
  • Mining, Scientific Research
  • Insurance
  • Others

Drone Services Market Regional Analysis/Insights

The drone services market is analysed and market size insights and trends are provided by country, type, solution, duration of service, product, application and industry as referred above.

The countries covered in the drone services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the drone services market because of high usages of drone in various applications of media and entertainment, agriculture, construction and other sectors within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in commercial applications along with adoption of advanced technology in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Drone Services Market

The drone services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to drone services market.

Some of the major players operating in drone services market are

  • Edall Systems (India)
  • PrecisionHawk, Inc. (US)
  • Martek Aviation (South Yorkshire)
  • Vermeer (US)
  • CYBERHAWK (Scotland)
  • Measure UAS, Inc. (US)
  • Sky Futures (UK)
  • senseFly (Switzerland)
  • SHARPER SHAPE INC. (US)
  • DroneDeploy (US)
  • Phoenix Drone Services LLC (US)
  • Delair (US)
  • Unmanned Experts Inc. (US)
  • Identified Technologies (US)
  • Terra Drone Corp. (Japan)
  • The Sky Guys, Ltd. (Canada)
  • Deveron (Canada)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Drone Services Market is expected USD 228.22 billion by 2029.
The drone Services Market is expected to witness CAGR of 48.82% during the forecast by 2029.
On the basis of application, the Drone Services Market is segmented into Aerial Photography and Remote Sensing, Data Acquisition and Analytics, Mapping and Surveying, 3D Modeling, Disaster Risk Management and Mitigation, Inspection and Environmental Monitoring, Others.
On the basis of product, the Drone Services Market is segmented into Fixed Wing, Rotary Wing, Hybrid, Multirotor Dron.
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