Drone Service Market Size & CAGR (2023-2031)
The Drone Service Market size is projected to reach US$ 52.48 billion by 2031 from US$ 12.64 billion in 2023. The market is expected to register a CAGR of 19.5% in 2023–2031. The growing proliferation of drone services for photography, precision farming, research, and surveillance purposes is driving the growth of the drone services market globally.
Drone Service Market Analysis
Drone services are leveraged primarily for various applications that include precision farming, filming, photography, monitoring or surveillance and delivery of products. In addition, modern construction and real estate companies are also adopting drone services for identifying challenges in the project sites with aerial images. The growing technological advancement is also boosting the demand for drone services globally. Various industries have incorporated drone services to advance their business operations. The drone services help in monitoring and capturing high-end images which helps in smooth operation in the oil and gas and mining sector. The growing usage of drone services for filming and photography is also anticipated to drive the growth of the drone services market globally.
Drone Service Market Overview
The growing proliferation of drone services for monitoring any casualty situation, such as flood, earthquake, or fire outbreak, is also acting as a major driver for the market. The rescue operators primarily use drone services for surveillance and monitoring purposes and to get an aerial view of the overall situation, which supports making major decisions regarding the ways to initiate rescue operations. Additionally, the rising application of drone services in parcel delivery, owing to the rising proliferation of the retail and e-commerce sector, is also having a positive impact on the drone service market globally. The increasing application of drone services for defense and security purposes is one of the major drivers for the market. Drone type, services, and end use industry segment the drone service market. In terms of drone type, the drone services market is categorized into fixed wing, rotary wing, and hybrid. On the basis of services, the market is classified into surveying, mapping, and inspection; delivery; and aerial photography. In addition, on the basis of end use industry, the market is segmented into real estate/infrastructure, media & entertainment, agriculture, industrial, law enforcement, and others.
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Drone Service Market: Strategic Insights
Drone Service Market
-
CAGR (2023 - 2031)
19.5%
-
Market Size 2023
US$ 12.64 Billion
-
Market Size 2031
US$ 52.48 Billion
Market Dynamics
GROWTH DRIVERS
- Augmented Usage of Unmanned Commercial Drone Services in the Agriculture Industry is Expected to be the Prime Driver for the Drone Service Market
FUTURE TRENDS
- Growing Imortance of Drone Services in Food Delivery Services
OPPORTUNITIES
- Supportive Government Policies Related to Drone Application
Key Players
- Terra Drone Corporation
- CyberHawk Innovations Limited
- Drone Volt
- Zipline
- Aerodyne Group
- Sky Futures
- Edall Systems
- UNMANNED EXPERTS INC
- Aerodyne Group
- Flirtey
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Drone Type
- Fixed Wing
- Rotary Wing
- Hybrid
Services
- Surveying
- Mapping
- Inspection; Delivery;
- Aerial Photography
End Use Industry
- Real Estate/Infrastructure
- Media & Entertainment
- Agriculture
- Industrial
- Law Enforcement
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Drone Service Market: Strategic Insights
-
CAGR (2023 - 2031)19.5% -
Market Size 2023
US$ 12.64 Billion -
Market Size 2031
US$ 52.48 Billion
Market Dynamics
- Augmented Usage of Unmanned Commercial Drone Services in the Agriculture Industry is Expected to be the Prime Driver for the Drone Service Market
- Growing Imortance of Drone Services in Food Delivery Services
- Supportive Government Policies Related to Drone Application
Key Players
- Terra Drone Corporation
- CyberHawk Innovations Limited
- Drone Volt
- Zipline
- Aerodyne Group
- Sky Futures
- Edall Systems
- UNMANNED EXPERTS INC
- Aerodyne Group
- Flirtey
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Fixed Wing
- Rotary Wing
- Hybrid
- Surveying
- Mapping
- Inspection; Delivery;
- Aerial Photography
- Real Estate/Infrastructure
- Media & Entertainment
- Agriculture
- Industrial
- Law Enforcement
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Drone Service Market Drivers and Opportunities
Augmented Usage of Unmanned Commercial Drone Services in the Agriculture Industry is Expected to be the Prime Driver for the Drone Service Market
The growing proliferation of digitalization and integration of software applications to monitor the overall operational efficiency of farming land is anticipated to drive the growth of the drone services market globally. The real-time data and aerial images of the complete farm help the farmers identify the issues concerning the land’s well-being, which might negatively impact the crop production rate. Additionally, managing mid to large-size agricultural lands in remote locations is unmanageable if drone services are not in application, as they help in spraying insecticides over the land in a much faster and more efficient manner. Drone services also boost precision farming by managing a proper schedule for watering, harvesting, and fertilizing the land properly. Thus, the utilization of advanced technologies like farm monitoring software, crop managing technologies, and digital aerial imaging technologies is acting as a major driving factor for the market.
Supportive Government Policies Related to Drone Application
The growing government focus on precision farming, defense, and security services worldwide is anticipated to support the growth of the drone services market. Supportive government policies for flying drones also help in same-day package delivery, advanced filming and photography, and monitoring oil and gas and mining sites, which is anticipated to boost the application of drone services globally. Thus, the rising governmental support and assistance for using advanced commercial drones for surveillance research purposes is anticipated to increase the growth of the drone services market over the forecast period.
Drone Service Market Report Segmentation Analysis
Key segments that contributed to the derivation of the drone service market analysis are drone type, services, and end use industry.
- Based on drone type, the drone service market has been divided into fixed wing, rotary wing, and hybrid. The rotary wing segment held a larger market share in 2023.
- In terms of services, the market has been segmented into surveying, mapping, and inspection; delivery; and aerial photography. The surveying, mapping, and inspection segments dominated the market in 2023.
- In terms of end use industry, the market has been segmented into real estate/infrastructure, media & entertainment, agriculture, industrial, and law enforcement and others. The real estate/infrastructure segments dominated the market in 2023.
Drone Service Market Share Analysis by Geography
The geographic scope of the Drone Service Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America led the drone services market in 2023. The North America region includes the US, Canada, and Mexico. Many companies across the region are focusing on investing in advanced unmanned commercial drones to meet modern filming, photography, agricultural, construction, and security requirements. Thus, the growing application of drone services to augment precision farming, along with increasing demand for high-end drones for films and photography, is expected to propel the growth of the drone services market over the forecast period in North America. Surveying and mapping are also some of the major application areas of drone services in the North America region. Increasing development of the infrastructure sector along with mining, oil & gas exploration and production activities are boosting the demand for drone services for sensing and capturing aerial images of the sites for augmenting better operation management, which is also having a positive impact on the drone services market in North America.
Drone Service Market Report Scope
Report Attribute
Details
Market size in 2023
US$ 12.64 Billion
Market Size by 2031
US$ 52.48 Billion
Global CAGR (2023 - 2031)
19.5%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Drone Type - Fixed Wing
- Rotary Wing
- Hybrid
By Services - Surveying
- Mapping
- Inspection; Delivery;
- Aerial Photography
By End Use Industry - Real Estate/Infrastructure
- Media & Entertainment
- Agriculture
- Industrial
- Law Enforcement
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
- Terra Drone Corporation
- CyberHawk Innovations Limited
- Drone Volt
- Zipline
- Aerodyne Group
- Sky Futures
- Edall Systems
- UNMANNED EXPERTS INC
- Aerodyne Group
- Flirtey
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 12.64 Billion |
Market Size by 2031 | US$ 52.48 Billion |
Global CAGR (2023 - 2031) | 19.5% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Drone Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Drone Service Market News and Recent Developments
The drone service market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Drone Service Market and strategies:
- On April 2023, Azur Drones expanded its product portfolio and launched SKEYETECH E2. (Source: Azur Drones., Press Release/Company Website/Newsletter)
- On March 2022, Asteria Aerospace, a drone developer and solution provider has, introduced its drone operations platform SkyDeck. (Source: Asteria Aerospace, Press Release/Company Website/Newsletter)
Drone Service Market Report Coverage and Deliverables
The “Drone Service Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Drone Type, Services, and Industries
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.