The increase in adoption of drones across different industry verticals such as agriculture, landscaping, military & defense across the globe, rise in the need for collecting high-quality and real-time data are the main factors driving the market.
JERSEY CITY, N.J., Jan. 3, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Drone Services Market" By Type (Drone Platform Services, Drone Maintenance, Repair, and Overhaul (MRO) Services), By Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics, Mapping & surveying), By Industry Verticals (Utility & Power, Security, Search & Rescue), and By Geography. According to Verified Market Research, the Global Drone Services Market size USD 10.88 Billion in 2020 and is projected to reach USD 60.67 Billion by 2028, growing at a CAGR of 23.97% from 2021 to 2028.
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Browse in-depth TOC on "Drone Services Market"
202 - Pages
126 - Tables
37 - Figures
Global Drone Services Market Overview
The demand for drone services around the world is rising because of the vital benefits of drones across different industry verticals. The application of drone services in the agricultural sector can help the farmers in optimizing the use of the seed, fertilizers, water, and the rest of the others, to remove weeds, pests, fungi by taking the right action, to save time crop scouting, to improve variable-rate prescriptions in real-time and estimate yield from a field. The use of drones in agriculture also helps in spraying fertilizer, herbicide, fungicide, pesticide, seeds, and desiccants precisely.
Furthermore, drone services provide inspection & monitoring services; thus, demand for drone services is rising across military and defense, construction and infrastructure, transport, logistics, and warehousing, amongst others. Across military and defense, drone services provide potential benefits such as anti-terror, border security, counterinsurgency, and crime control. These help in detecting threats and identifying risk-prone areas from a remote location, conducting reconnaissance missions and tracking illegal activities without risking lives, conducting surveillance, and gathering actionable intelligence. With high-quality cameras, sensors, and other components, drones offer high-quality data to the end-users. Drones can capture high-quality images for inspection and other operations.
Key Developments
- Skyports and Kenya Airways signed a Memorandum of Understanding (MoU) in April 2021 to begin operations of permanent unmanned aerial vehicles (UAV) in Kenya. The collaboration aims to investigate the commercial effect and viability of various logistics, inspection, and medical drone use cases.
- The Ripper Group announced a merger with Surf Life Saving Queensland (SLSQ) in April 2021 to improve the firms' development and operational synergies. The deal is expected to incorporate the Ripper Group's search and rescue drone deployment, research, and training capabilities into Surf Life Saving Queensland's surf lifesaving operations (SLSQ).
- DJI will release the new DJI Air 2S drone in April 2021. It is a portable camera drone that provides an all-in-one solution. It includes cutting-edge camera enhancements, improved flight performance, and expanded preprogrammed content creation features.
Key Players
The major players in the market are Cyberhawk, Identified Technologies, Aerobo, Airware, Deveron UAS, DroneDeploy, Measure, Phoenix Drone Services, Prioria Robotics, SenseFly, and amongst others.
Verified Market Research has segmented the Global Drone Services Market On the basis of Type, Application, Industry Verticals, and Geography.
- Drone Services Market, By Type
- Drone Platform Services
- Drone Maintenance, Repair, and Overhaul (MRO) Services
- Drone Training & Education Services
- Drone Services Market, By Application
- Aerial Photography & Remote Sensing
- Data Acquisition & Analytics
- Mapping & surveying
- Modeling
- Disaster Risk Management & Mitigation
- Inspection & environmental monitoring
- Others
- Drone Services Market, By Industry Verticals
- Construction & Infrastructure
- Agriculture
- Utility
- Oil & Gas
- Mining
- Defense
- Transport, Logistics, & Warehousing
- Others
- Drone Services Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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