Press Release Description

Global Drone Services Market to be Valued USD 16 Billion in 2023 & Set to Thrive at a CAGR of 28.5% During 2024-30

The Global Drone Services Market size was valued at USD 16.15 billion in 2023 and is projected to grow at a CAGR of around 28.5% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. The drone services sector is experiencing continuous growth, with a wide range of offerings available for remotely or autonomously operated drones. These specialized software programs are integrated into the embedded systems of these flying devices, catering to various sectors such as construction, agriculture, and aviation industries.

Other benefits include infrastructure development support covering insurance policies in marine operations supply chain management in healthcare resource distribution, mining activities, and oil & gas exploration backed up by maintenance assistance as well. With their versatility in tackling tasks like industrial inspections and fertilizer spraying through image capture package delivery broadcasting platforms and search-and-rescue missions, commercial drone services have become increasingly indispensable on-demand services amongst businesses today.

Furthermore, integrating advanced technologies such as artificial intelligence (AI) and Internet-of-Things (IoT) amalgamation coupled with cloud computing in these groundbreaking systems is anticipated to augment the demand for drones across a broad spectrum of industries. Also, effectively promoting and marketing drone services involves emphasizing their advantages over traditional methods in different sectors. This can be achieved by showcasing their capabilities through compelling visuals & relevant case studies, further states the research report, “Global Drone Services Market Analysis, 2024.”

Global Drone Services Market

Global Drone Services Market Segmentation Analysis

End-to-End Solutions Significantly Contributing to the Market Share

Based on the solution segment, the market is further bifurcated into End-to-End Solutions and Point Solutions. The End-to-End Solutions segment of the Global Drone Services Market is anticipated to register substantial growth during the forecast period. This sector encompasses platform services, such as piloting, operations, and data analytics & processing.

The surge in market share of end-to-end solutions can be attributed to industrial sectors engaging in major activities like piloting, operations, and data analysis that require comprehensive solutions made possible by the inherent features of scalability & customization options alongside robust safety measures, all adding value for businesses seeking effective choices and propelling the market growth worldwide.

North America to Lead the Global Drone Service Industry

North America is expected to maintain its leading position with the largest share during 2024-2030 in the Global Drone Services Market. This dominance can be attributed to the wider acceptance of drones in sectors like oil & gas, construction, and e-commerce, across the United States, etc.  The surge in online shopping via e-commerce channels and favorable regulations from the United States Federal Aviation Administration (FAA). Moreover, major industry players' substantial investment towards start-ups specializing in developing parcel service platforms is anticipated to boost growth prospects within this regional marketplace throughout its projected forecast period.

Global Drone Services Market Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Edall Systems, Precision Hawk, Cyber Hawk, Vermeer, AgEagle Aerial Systems, ICR Integrity, Sharper Shape Inc., Identified Technologies, Terra Drone Corporation, The Sky Guys, Deveron UAS Corp., Zipline, Matternet, Inc., Aerodyne Group, and Others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the Global Drone Services Market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving regarding geography and product & service adoption?
  5. How has the competition been shaping across various regions?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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