Global Drone Service Market

SKU ID : MMR- 13386131

Publishing Date : 08-Apr-2019

No. of pages : 295

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  • Global Drone Service Market was valued US$ 3.5 Bn in 2017 and is expected to reach US$ 18 Bn by 2026, at CAGR of 22.72% during forecast period.



    Drones can substitute traditional methods of operation in many business activities, this development arises after the Federal Aviation Administration extended permissions for commercial, non-hobbyist usage of drones. With minimum human operation and no safety infrastructure, drones can decrease time and costs. It can also increase data analytics, which allow companies to better understand and calculate operating performance. In some industries, drones will be even enabling new business models and opportunities.

    As drone hardware are becoming more inexpensive to produce and purchase, manufacturing and the hardware itself will not drive industry growth going forward. Instead, services that work and manage drones for companies will produce most of the value. End-user companies will turn over services that operate drones, manage maintenance, and manage drone data, to third parties. For example, telecommunications companies may end up selling drone data communications services for managing drones and transmitting the data which they are collecting.

    Growing applications of drone services across several industries is one of the major driving factors which is contributing to the growth of global drone services market during forecast period. However, lack of skilled and trained workers and safety concerns during drone operations are major factors restraining the growth of global drone services market during forecast period.

    North America is dominating the market with near about 44% share in global market. In U.S more than 325,000 drones were registered in FAA, and it is expected that more than 5 million drones will be shipped to U.S by 2020. Europe is being second largest market with more than 30% share in global drone services market. Growth in drone services market shows considerable potential, with European demand for drone services, market is projected to exceed US$ 7 billion by 2035 and over US$ 14 billion by 2050. In Asia Pacific, Australia occurred as a hotspot for drone service market and is the fastest growing market in Asia Pacific.
    Major players operating in market include Drone Deploy, ABJ Drones, AeroVironment Inc, Workmode, Sky-Future Ltd.
    Scope of Global Drone Service Market:
    Global Drone Service Market by Type:
    Multirotor Drone
    Fixed Wing Drone
    Global Drone Service Market by Service Type:
    Long Duration Service
    Short Duration Service
    Global Drone Service Market by Application:
    Disaster Risk Management & Mitigation
    Mapping & Surveying
    Aerial Photography & Remote Sensing
    Product Delivery
    Data Acquisition & Analytics
    Inspection & Environmental Monitoring
    3D Modeling
    Other Applications
    Global Drone Service Market by Industry:
    Oil & Gas
    Agriculture
    Scientific Research
    Utility & Power
    Logistics
    Mining
    Insurance
    Media & Entertainment
    Infrastructure
    Security, Search & Rescue
    Other Industries
    Global Drone Service Market by Geography:
    North America
    Asia Pacific
    Europe
    Latin America
    Middle East & Africa
    Key Players Operated in Market Include:
    Drone Deploy
    ABJ Drones
    AeroVironment Inc.
    Workmode
    Sky-Future Ltd.
    Flyworx
    Avetics
    Hawk Aerial
    Airware
    Aerobo
    SenseFly Ltd.
    Cyberhawk Innovations Ltd.
    Trimble UAS
    Precision Hawk
    CAT UAV
    3D Robotics, Inc.
    Agribotix LLC
    Kespry
    Measure
    Parrot SA
    PrecisionHawk, Inc.
    Propeller Aerobotics Pty Ltd.
    Skycatch, Inc.
    4DMapper
    AirGon
    Pix4D
    Dronifi
    Sky-Futures
    Airpix
    Arch Aerial Llc
    Edall Systems
    Falcon Drone Services
    Phoenix Drone Services Llc
    Prioria Robotics Holdings Inc.
    Sharper Shape Inc.
    Unmanned Experts Inc


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