- The global drone services market is expected to grow at a CAGR of 32.5% between 2022 and 2031
- The increasing use of drone services in the global agriculture sector is driving the market
- Early adoption of next-generation technologies in North America makes it a leading market region
Wilmington, Del., September 13, 2022 /PRNewswire/ — A Transparency Market Research (TMR) report predicts that the global market size for drone services will reach $97.65 billion by the end of 2031. Furthermore, the study highlights that the market is expected to grow at a CAGR of 32.5% during the forecast period, 2022 to 2031.
TMR’s Drones Market report provides a complete assessment of the Drone Services market’s growth opportunities, drivers, challenges, and restraints. Additionally, it also includes the study of the recent developments, R&D, and ongoing trends in the Drone Services market. This gives readers a panoramic view of the market.
Major drone delivery companies are investing significant sums in R&D to develop next-generation services in line with current market needs. In addition to launching new products and services, players are using merger and acquisition strategies to stay ahead of the competition, notes analysts of a TMR study of the global drone services market.
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Drone Services Market: Key Findings
- Inspection & Surveillance, Aerial Photography, Spraying & Seeding, Transportation & Delivery, and Mapping & Surveying are some of the major services offered in the global drone services market. The concept of drone photography has been increasingly adopted in recent years as it offers the highest quality photos and videos from all angles. In addition, aerial photography can provide an exclusive panoramic view of an object, subject or area. In addition, the popularity of real estate drone photography is increasing because in this type of photography, the image highlights the main focal point, including a home for sale or a business’s physical location and surrounding area.
- In agriculture, drones are used because of their distinct advantages over other forms of data collection, including satellites and other airborne instruments. Additionally, drones are gaining traction among farmers as these devices help with crop monitoring and spraying, field surveillance, and aerial photography. Aside from that, such services provide real-time images of crops, which are useful for various purposes including disease outbreak monitoring, water use efficiency, and pest control. In addition, drone analysis is used to understand and interpret collected information such as temperature, soil moisture, precipitation and wind speed. Hence, the increasing use of air services in the agricultural sector is fueling the business opportunities in the drone services market.
Drone Services Market: Growth Drivers
- The global rise in commercial use of unmanned aerial vehicles is driving the drone services market
- The increasing demand for aerial photography drone services is driving the revenue growth in the market
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Drone Services Market: Regional Analysis
the market one North America is expected to maintain its dominant position during the forecast period due to many factors including the existence of key service providers in the region and the early adoption of next-generation technologies in drone services. Additionally, an increase in the use of aerial photography in the construction and real estate industries is fueling the North America Market.
The Drone Services Market in Europe and Asia Pacific is expected to expand at a remarkable pace in the near future due to an increase in the use of drone services in the construction and agriculture sectors of these regions
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Drone Services Market: Major Players
Some of the key players featured in the report are:
- Aerodyne Group
- Aerial Drone Services Inc.
- Arch Aerial LLC
- Drone Services Canada Inc.
- FLIGHTS Inc.
- drone quality
- NADAR drone company
- TERRA DRONE CORPORATION
- Phoenix Drone Services LLC
- Wing Aviation LLC
Drone Services Market Segmentation
- aerial photography
- Inspection & Surveillance
- Mapping & Surveying
- Spraying & Sowing
- Transportation & Delivery
- consumer industry
- Building & Construction
- Oil Gasoline
- Energy & Benefit
- Media & Entertainment
- Aerospace & Defense
- Other (petrochemical, marine etc.)
- North America
- South America
- Asia Pacific
- middle East & Africa
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