By Type (Drone Platform Services, Drone MRO Services, Drone Training and Education Services), By Industry (Infrastructure, Agriculture, Logistics, Media & Entertainment, Oil & Gas, Utility & Power, Security, Search & Rescue, Others), By Solution (Enterprise, Point), By Application (Ariel Photography & Remote Sensing, Data Acquisition & Analytics, Mapping & Surveying, 3D Modelling, Disaster Risk Management & Mitigation, Inspection & Environment Monitoring, Others), By Duration of Service (Short Duration, Long Duration), By Region (North America, South America, Europe, Middle East and Africa, Asia- Pacific), By Country (US, Canada, Mexico, Brazil, Argentine, Germany, France, UK, Italy, Spain, Russia & CIS, Saudi-Arabia, UAE, Qatar, China, India, Japan, Australia, Singapore), By Company
Aerospace & Defense
Drone services are increasing gaining traction in several industries, ranging from military and defense, to personal photography. The high level of camera supervision, advance drone sensors, and favorable government regulations are some of the key factors driving the demand for drone services globally.
Historical Data: 2015-19
Base Year: 2019
Forecast Period: 2020-25
Middle East & Africa
According to MarkNtel Advisors’ research report titled “Global Drone Services Market Analysis, 2020”, the Global Drone Services market is anticipated to grow at a CAGR of around 50% during 2020-25. Major companies in the developed countries are increasingly integrating drone services in industry-specific applications such as aerial photography and remote sensing, data acquisition and analytics, and mapping and surveying, in order to reduce their overall operational cost and improve performance efficiency.
Enterprise Solution is Gaining Significant Growth in the Market Share
The enterprise drone services solution accounted for the leading market position in 2019. Further, this segment is anticipated to witness growth in the forecast period owing to its point-to-point service delivery. The increasing demand for the advancing development of drone software and data analytics across several industries has been driving the growth of the segment.
North America is Expected to Dominate the Global Drone Services Market
North America region has been leading the overall drone services market over the past couple of years. The higher adoption rate of advance high-tech drones, improved economic conditions, availability of skilled technicians, and favorable government policies for the adoption of drones in the commercial sector are few competitive advantages taken by the leading countries such as the US and Canada.
The high capital-intensive cost of the drones, in addition to its costly operations, has been hindering the significant market growth in the emerging and economically weak nations. For the functioning of the drone, a technician or an expert is a prerequisite in an organization. Moreover, the software cost used in monitoring and analysis of data has also to be incurred by an organization. Therefore, in order to decrease the overall acquisition and operational cost of the system, key companies in the end-user industry are undertaking third-party drone services on a contractual basis from the drone service providers.
According to MarkNtel Advisors, some the of key competitors operating in the global drone services market include Edall Systems, Precision Hawk, Martek Aviation, Aerobo, Cyberhawk-Innovation, Measure, and Sensefly.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Revenue, Forecast Numbers, Market Segmentation, Market Shares) of Global Drone Service Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Drone Service Market?
Who are the key competitors or market players and how they perform in Global Drone Service Market on competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Drone Service Market study?
Market Outlook, Segmentation and Statistics
Market Potential & Outlook
Market Segmentation & Outlook
Drone Platform Services
Drone MRO Services
Drone Training and Education Services
Media & Entertainment
Oil & Gas
Utility & Power
Security, Search & Rescue
Ariel Photography & Remote Sensing
Data Acquisition & Analytics
Mapping & Surveying
Disaster Risk Management & Mitigation
Inspection & Environment Monitoring
By Duration of Service
Russia & CIS
Rest of Middle East
Rest of Asia Pacific Region
Global Drone Services Market Hotspot and Opportunities
Global Drone Services Market Key Strategic Imperatives for Success and Growth
Frequently Asked Questions
Q. What would be the growth rate or CAGR Global Drone Service Market during 2020-25?
A. The market size of Global Drone Service Market during 2020-25 is forecast to be around 50%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North-America will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Drone Service Market?
A. Edall Systems, Precision Hawk, Martek Aviation, Aerobo, Cyberhawk-Innovation, Measure, Sensefly and few others are the leading players in the Global Drone Service Market.
Q. Does the report scope cover country wise market statistics also?
A. Yes, the scope of the report encompasses detailed country statistics such as market size, market segmentation based on various subcategories.
Q. Which End user would emerge as an opportunity area for players in Global Drone Service Market?
A. The industries are undertaking third party drone services on the contractual basis from the drone service providers therefore Industrial sector grabbed the major market share on account of military and defense to Ariel photography.
1.1. Research Process
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Drone Services Market Outlook, 2015-2025F
4.1. Market Potential & Outlook
4.1.1. By Revenues
4.2. Market Segmentation & Outlook
4.2.1. By Type
18.104.22.168. Drone Platform Services
22.214.171.124. Drone MRO Services
126.96.36.199. Drone Training and Education Services
4.2.2. By Industry
188.8.131.52. Media & Entertainment
184.108.40.206. Oil & Gas
220.127.116.11. Utility & Power
18.104.22.168. Security, Search & Rescue
4.2.3. By Solution
4.2.4. By Application
22.214.171.124. Ariel Photography & Remote Sensing
126.96.36.199. Data Acquisition & Analytics
188.8.131.52. Mapping & Surveying
184.108.40.206. 3D Modelling
220.127.116.11. Disaster Risk Management & Mitigation
18.104.22.168. Inspection & Environment Monitoring
4.2.5. By Duration of Service
22.214.171.124. Short Duration
126.96.36.199. Long Duration
4.2.6. By Region
188.8.131.52. North America
184.108.40.206. South America
220.127.116.11. Middle East & Africa
4.2.7. By Company
18.104.22.168. Revenue Shares
22.214.171.124. Strategic Factorial Indexing
126.96.36.199. Competitor Placement in Markntel Quadrant
5. North America Drone Services Market Outlook, 2015-2025F
5.1. Market Potential & Outlook
5.1.1. By Revenues
5.2. Market Segmentation & Outlook
5.2.1. By Type
5.2.2. By Industry
5.2.3. By Solution
5.2.4. By Duration of Service
5.2.5. By Application
5.2.6. By Country
5.3. The US Drone Services Market Outlook, 2015-2025F