Drone Services Market Share Size, Share, Revenue, Investment...

Drone Services Market Share Size, Share, Revenue, Investment Opportunities, Future Trends, Business Demand and Growth And Forecast 2027

Posted 2022-02-24 08:02:24

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Description

Drone Services Market can capitalize with an impressive CAGR of 34.6% and be valued, worth USD 65.18 Billion by 2028, Global Drone Services Market is segmented into North America, Europe, Asia-Pacific and the rest of the world | Drone Services Industry - News and Updates

Market Forecast

Global Drone Services Market is projected to be valued at USD 65.18 Billion by 2028, registering a CAGR of 34.6% from 2020 to 2028. Technological advancements in drones have significantly contributed to the growth of the drone services market. High competition owing to the presence of a large number of players in this market is forcing service providers to offer enhanced services. Furthermore, the development of industry-specific solutions and improved regulatory framework is also driving the growth of the market.

However, the absence of skilled operators, limited drone operation bandwidth, and safety concerns might hamper the growth of the market.

Market USP

The increasing demand for high-quality data and technology advancements in drones is expected to drive the market growth.

Growth Opportunities in the Market

Enterprise segment to register the higher growth rate: The enterprise segment is expected to exhibit the highest CAGR during the forecast period. The growing demand for end-to-end solutions and the development of industry-specific solutions are expected to drive the growth of the segment.

Drone platform services to remain a popular choice: The drone platform services segment dominated the market in 2019 owing to the rising demand for drones by industries such as construction and agriculture.

3D Modeling segment expected to exhibit the highest CAGR: The 3D modeling segment is expected to grow at the highest CAGR during the review period from 2020 to 2028. 3D modeling offers benefits such as workflow optimization, real-time insights, and inventory management. Hence, the segment is expected to grow at the highest CAGR during the forecast period.

Agriculture segment to dominate the market in 2019: The agriculture segment dominated the market in 2019 as drones offer various benefits to farmers and farming companies such as geospatial data, crop stress detection data, and inventory analysis. These benefits enable users to manage crop production.

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Key Players

Measure (US)
Precision Hawk (US)
Martek Aviation (UK)
Terra Drone Corporation (Japan)
senseFly (Switzerland)
Vermeer (US)
CYBERHAWK INNOVATIONS LIMITED (UK)
Sky Futures (UK)
DroneDeploy (US)
SHARPER SHAPE INC. (US)
DJI (China)

Other Prominent Players

Phoenix Drone Services (US)
Unmanned Experts Inc. (US)
Delair (France)
Prioria Robotics (US)
The Sky Guys, Ltd. (Canada)
Deveron UAS (Canada)
MMC (China)
Mirs Innovate Private Limited (Singapore)
Sky Vision Aerial Photography Services (UAE)
FEDS (UAE)

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