The drone services market size is expected to grow from USD 4.4 billion in 2018 to USD 63.6 billion by 2025, at a CAGR of 55.9% during the forecast period. The market for drone services is driven by numerous factors, such as the increasing use of drone services for industry-specific solutions, improvised regulatory framework, and increased requirement for qualitative data in various industries. Safety concerns and lack of skilled and trained operators are limiting the overall growth of the market.
The enterprise segment is estimated to lead the drone services market in 2019.
Based on solution, the enterprise segment is estimated to account for the largest share of the drone services market in 2019.Enterprise solutions cater demand from different end-use industries.
These solutions provide end-to-end services for different applications. Increasing demand for analytical services and software solutions in the drone services market is driving the enterprise solution segment.
The aerial photography and remote sensing segment is estimated to account for the largest share of the drone services market in 2019.
Based on application, the aerial photography and remote sensing segment is estimated to account for the largest share of the drone services market in 2019.There has been an increase in the demand for aerial photography from the infrastructure, architecture, civil engineering, and oil & gas industries around the world.
Digitalization in the construction and infrastructure industries will require drone services to collect digital data for assets management. Increasing aerial photography applications coupled with increasing demand for data collection of different projects are likely to drive the demand for drone services.
North America is estimated to account for the largest share of the drone services market in 2019.
North America is estimated to account for the largest share of the drone services market in 2019.In recent years, the rules regarding flying drones in the US have been liberal, paving the way for thousands of businesses or drone services to fly legally in the country’s airspace.
This has increased the demand for drone services in the region.
Break-up of profiles of primary participants in the drone services market
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%
• By Region: North America – 45%, Europe – 20%, Asia Pacific – 30%, Rest of the World 5%
Key players in the drone services market are Aerobo (US), Airware (US), Cyberhawk (UK), Deveron UAS (Canada), DroneDeploy (US), Identified Technologies (US), Measure (US), Phoenix Drone Services (US), Prioria Robotics (US), SenseFly (Switzerland), Sharper Shape (US), Sky-Futures (UK), Terra Drone (Japan), The Sky Guys (Canada), and Unmanned Experts (US), among others. These companies provide drone services solutions in various countries across North America, Europe, Asia Pacific, the Middle East, and Rest of the World.
The market study covers the drone services market across segments.It aims at estimating the market size and the growth potential of this market across different segments, such as industry, application, solution, type, and region.
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.