The global ''drone services industry'' size is predicted to reach USD 67,430.7 million by 2026, exhibiting a CAGR of 41.34% during the forecast period. The increasing utilization of drones in military applications will boost the drone services market revenue during the forecast period. The rising demand for commercial drones in agricultural applications such as, crop rotation, crop protection aquaponics, and organic farming will accelerate the drone services market growth. In addition, the increasing requirement for data analytics, data acquisition, and real-time inspection will spur demand for drones, which, in turn, will enable speedy growth of the market in the forthcoming years.
According to the report, published by Fortune Business Insights, titled “Drone service Market Size, Share and Industry Analysis by Type (Fixed-wing and Rotary-wing), By Application (Aerial Photography, Delivery & Pick up, Surveillance & Inspection, Data acquisition & Analytics, and Remote Sensing & Environment Monitoring), By End-use Industry (Agriculture, Homeland Security, Oil & Gas, Logistics, Infrastructure, Media & Entertainment and Others), and Regional Forecast,2019- 2026” the market size stood at USD 4,233.9 million in 2018. The drone services market report is fixed at delivering a comprehensive description of the dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER’s analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the drone services market. It further examines the ways and components convincing expansion, growth patterns, restricting factors, and market strategies.
The Report Lists the Main Companies in the Drone service Market
- Aerodyne Group.
- Cyberhawk
- Hemav
- Matternet
- Measure
- Sky-Futures
- Skylark Drones
- Terra Drone
- Verity Studios
- Zipline
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
Competitive Landscape:
Introduction of Drone Solutions by DroneDeploy to Foster Growth
DroneDeploy, a leader in cloud-based drone software services announced the launch of a single program for all drone operations. The company unveiled automated drone fleet management, enhanced workflow integrations, a low-altitude inspection mode, and advanced analytic capabilities in the launch. The initiation of innovative drone solutions by DroneDeploy will stimulate healthy growth of the market during the forecast period owing to the one stop solutions for all drone operations. Furthermore, DroneDeploy Chief Executive Officer and co-founder Mike Winn, said in a statement, “Today's product launch is a reflection of the demand from our customers for a complete enterprise-grade drone operating system. We have customers with fleets of 100+ drones looking for a single enterprise platform for their entire drone program, and we believe this launch will reshape how they manage their drone operations and data.
Regional Analysis:
Existing Drone Manufacturers to Augment Growth in North America
The market in North America generated a revenue of USD 1,464.9 million and is expected to grow rapidly during the forecast period. The growth in the region is attributed to the presence of prominent market players and OEMs. Moreover, the growing deployment of drones in military operations will encourage healthy growth of the market in North America. Asia Pacific is predicted to hold the largest share in the market owing to the demand for commercial drone services in India and China. The presence of Terra Drone, Skylark Drone and Australian UAV will further create opportunities for the market in Asia Pacific. The increasing investment in infrastructure, construction and logistics sector will spur opportunities for drone services market in the Middle East in the forthcoming years.
Drone Services Market report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Questions Answered:
- Why Choose Fortune Business Insights?
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth
KEY INDUSTRY DEVELOPMENTS:
- Jul 2019 – DroneDeploy, headquartered in California, the U.S. announced launch of single enterprise solution platform for all drone operations. This will enhance work flow, integration of data analytics and inspection mode.
- February 2018 – PrecisionHawk, Inc., headquartered in Raleigh, North Carolina, U.S., announced the acquisition of Uplift Data Partner. The Uplift is specialized in inspection services to the construction and building information management (BIM) and real estate.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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