Drones provides advanced analytical services for various industries including agriculture, infrastructure, media and entertainment, real estate. Drones empower businesses with data-driven insights by capturing bird’s-eye imagery and videos.
The global Drone Service Market is estimated to be valued at US$ 12.57 Bn in 2024 and is expected to exhibit a CAGR of 39% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing adoption of drones for advanced applications across various industries has been a key trend accelerating the growth of the Drone Service Market. Drones are increasingly being utilized to capture thermal infrared, hyperspectral and 3D imagery which provides critical insights for various industrial decision-making processes. Drone integrated with advanced sensors help organizations optimize operations and boost efficiencies across sectors such as agriculture, energy, mining etc. Drone aerial surveys and inspections help companies analyze physical assets, monitor inventories and enable predictive maintenance – thus driving substantial market revenues.
Segment Analysis
The global drone service market is dominated by the drone platform sub-segment. Drone platforms allow providers to offer advanced services such as aerial photography, inspections, mapping, and package delivery. With technological advancements, drones are being equipped with high-resolution cameras and sensors to capture images, videos, and data. This fuels the demand for drone platforms and associated services.
Key Takeaways
The global drone service market is expected to witness high growth over the forecast period of 2023 to 2030. With declining hardware costs and development of regulatory frameworks, commercial and industrial applications of drones are rising globally. The global Drone Service Market is estimated to be valued at US$ 12.57 Bn in 2024 and is expected to exhibit a CAGR of 39% over the forecast period 2023 to 2030.
Regional analysis: North America currently dominates the global market due to large presence of drone service providers and rapid adoption of drones across industries. However, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period with rising drone usage in industries such as agriculture, infrastructure, and energy and utility in China and India.
Key players: Key players operating in the drone service market are Unmanned Experts Inc., Aerodyne Group, Terra Drone Corporation, Cyberhawk, Sharper Shape, Dronedeploy, Sensefly, Edall Systems, Precisionhawk, and Phoenix Drone Services LLC. These companies are focusing on expanding their service portfolios and global footprint by partnering with new clients.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it