Drone Services Global Market Report 2024

Description

“Drone Services Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on drone services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
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Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for drone services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The drone services market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Service Type: Drone Platform Service; Drone MRO (Maintenance, Repair, and Overhaul) Service; Drone Training And Simulation Services
2) By Solution: Enterprise; Point
3) By Application: Aerial Photography And Remote Sensing; Data Acquisition And Analytics; Mapping And Surveying; Modeling; Disaster Risk Management And Mitigation; Inspection And Environmental Monitoring; Other Applications
4) By End Use Industry: Agriculture; Infrastructure; Oil And Gas; Logistic; Other End Use Industries
Companies Mentioned: Phoenix Drone Services LLC; PrecisionHawk Inc.; Cyberhawk Innovations Limited; Sky-Futures Limited; Terra Drone Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Drone services encompass a novel category of services centered on the use of flying robots, which can be controlled remotely or operate autonomously through embedded systems with software-controlled flight plans. Drones serve various purposes, including capturing images, conducting aerial inspections, and performing a multitude of challenging tasks.

The primary types of drone services include drone platform services, drone MRO (maintenance, repair, and overhaul) services, drone training, and simulation services. Drone platform services revolve around flying robots that can be remotely controlled or operate autonomously with embedded software-controlled flight plans. These services cater to activities such as photography, surveying, and inspection. The solutions provided include enterprise and point services used for applications such as aerial photography, remote sensing, data acquisition and analytics, mapping and surveying, modeling, disaster risk management and mitigation, inspection, environmental monitoring, and others. These services find applications in various sectors, including agriculture, infrastructure, oil and gas, logistics, and more.

The drone services market research report is one of a series of new reports from The Business Research Company that provides drone services market statistics, including the drone services industry global market size, regional shares, competitors with a drone services market share, detailed drone services market segments, market trends, and opportunities, and any further data you may need to thrive in the drone services industry. This drone services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The drone services market size has grown exponentially in recent years. It will grow from $13.92 billion in 2023 to $18.9 billion in 2024 at a compound annual growth rate (CAGR) of 35.8%. The historical period's growth can be ascribed to the cost-efficiency achieved in data collection, a heightened demand for surveillance and monitoring, increased adoption in agriculture, expansion in the construction and infrastructure sectors, and advancements in emergency response and disaster management.

The drone services market size is expected to see exponential growth in the next few years. It will grow to $55.65 billion in 2028 at a compound annual growth rate (CAGR) of 31.0%. The anticipated growth in the forecast period can be linked to broader integration in logistics and delivery, advancements in environmental monitoring, an expanding role in public safety, the evolution of precision agriculture, and innovations in entertainment and media. Key trends expected in the forecast period encompass the development of autonomous drone operations, integration with artificial intelligence (AI) and analytics, the expansion of drone services in public safety, the development of regulatory frameworks, and customization for industry-specific applications.

The anticipated growth in the drone services market is expected to be propelled by the increasing use of commercial drones. Commercial drones, defined as those weighing less than 55 pounds and designed for commercial purposes, necessitate training and simulation, as well as maintenance, repair, and overhaul services. The rising utilization of commercial drones is evident in the data published by the Federal Aviation Administration, indicating that, in 2023, 880,294 drones are registered in the US, with 349,580 specifically registered for commercial use. This surge in the use of commercial drones is a significant driver for the growth of the drone services market.

The increasing adoption of drone services in agriculture. Drone services encompass a range of unmanned aerial vehicle (UAV) or drone-related solutions and applications for various purposes. Drones find extensive applications in agriculture, including crop monitoring and precision agriculture practices, aiming to enhance efficiency, precision, and overall productivity. Data from The State Of Food and Agriculture, an agriculture organization based in the United States, reveals that in 2021, approximately 14% of agricultural retailers in the US offered drone input application services, with an anticipated increase to 29% by the year 2024. This uptick in the adoption of drone services in agriculture significantly contributes to the growth of the drone services market.

A prominent trend gaining traction in the drone services market is product innovation, with major companies actively developing cutting-edge products to fortify their market position. An example of such innovation is seen in Wing Aviation LLC., a US-based company specializing in designing, manufacturing, and deploying delivery drones. In April 2022, Wing Aviation launched a novel drone delivery service that simplifies the process of ordering health and wellness products. The distinctive feature of this service lies in its capability to facilitate quick and straightforward deployment of a small, dedicated drone fleet from various locations, utilizing anticipated arrivals in small containers that serve as miniature hangars.

Major companies in the drone services market are directing their efforts toward the development of drone dock solutions, exemplified by the creation of nationwide Beyond Visual Line of Sight (BVLOS) drone dock services. Drone dock services refer to dedicated facilities or infrastructure designed to support drone operations. In December 2023, ReadyMonitor, a US-based company offering drone services, launched the 'Beyond Visual Line of Sight (BVLOS)' drone dock service. This service enables drone flight operations across the United States using remotely operated drones, eliminating the need for a physical pilot on-site or the use of expensive technologies such as radar. Such fully remote operations mark a significant shift in the economic landscape of commercial drones, opening avenues for widespread integration across industries such as agriculture, construction, energy, and security.

In September 2022, Safe Pro Group Inc., a US-based developer of infrastructure and human safety and security solutions, completed the acquisition of Airborne Response for an undisclosed amount. Through this acquisition, Safe Pro aimed to enhance its capacity to provide mission-critical solutions to commercial and government clients, leveraging drone-based technology for diverse applications. Airborne Response, the acquired company, is a US-based provider of mission-critical aerial intelligence drone services.

Major companies operating in the drone services market report are Phoenix Drone Services LLC, PrecisionHawk Inc., Cyberhawk Innovations Limited, Sky-Futures Limited, Terra Drone Corporation, AgEagle Aerial Systems Inc., Aerodyne Group, Aerial Drone Services Inc., Sharper Shape Inc., Arch Aerial LLC, Australian UAV Pty Ltd., Drone Services Canada Inc., FlyGuys Inc., Measure UAS Inc., Airware Inc., Delair Tech SAS, senseFly Ltd., Kespry Inc., Uplift Data Partners Inc., Skyward IO Inc., Flyability SA, HUVRData LLC, Identified Technologies Corporation, Airobotics Ltd., Flytrex Aviation Ltd., Zipline International Inc., Volansi Inc., Flirtey Holdings Inc., Matternet Inc., Wingcopter GmbH & Co. KG, Elroy Air Inc., Vayu Group Inc., Iris Automation Inc., Quantum-Systems GmbH, Percepto Ltd.

North America was the largest region in the drone services market in 2023. Europe is expected to be the fastest-growing region in the drone services market report during the forecast period. The regions covered in the drone services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the drone services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The drone services market includes revenues earned by entities by providing services such as aerial construction surveys, pipeline inspection, real estate drone photography, and related services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11688

1. Executive Summary

2. Drone Services Market Characteristics

3. Drone Services Market Trends And Strategies

4. Drone Services Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Drone Services Market Size and Growth

5.1. Global Drone Services Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Drone Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Drone Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Drone Services Market Segmentation

6.1. Global Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Drone Platform Service
Drone MRO (Maintenance, Repair, and Overhaul) Service
Drone Training And Simulation Services
6.2. Global Drone Services Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Enterprise
Point
6.3. Global Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Aerial Photography And Remote Sensing
Data Acquisition And Analytics
Mapping And Surveying
Modeling
Disaster Risk Management And Mitigation
Inspection And Environmental Monitoring
Other Applications
6.4. Global Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Agriculture
Infrastructure
Oil And Gas
Logistic
Other End Use Industries

7. Drone Services Market Regional And Country Analysis

7.1. Global Drone Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Drone Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Drone Services Market

8.1. Asia-Pacific Drone Services Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Drone Services Market

9.1. China Drone Services Market Overview
9.2. China Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Drone Services Market

10.1. India Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Drone Services Market

11.1. Japan Drone Services Market Overview
11.2. Japan Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Drone Services Market

12.1. Australia Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Drone Services Market

13.1. Indonesia Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Drone Services Market

14.1. South Korea Drone Services Market Overview
14.2. South Korea Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Drone Services Market

15.1. Western Europe Drone Services Market Overview
15.2. Western Europe Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Drone Services Market

16.1. UK Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Drone Services Market

17.1. Germany Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Drone Services Market

18.1. France Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Drone Services Market

19.1. Italy Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Drone Services Market

20.1. Spain Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Drone Services Market

21.1. Eastern Europe Drone Services Market Overview
21.2. Eastern Europe Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Drone Services Market

22.1. Russia Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Drone Services Market

23.1. North America Drone Services Market Overview
23.2. North America Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Drone Services Market

24.1. USA Drone Services Market Overview
24.2. USA Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Drone Services Market

25.1. Canada Drone Services Market Overview
25.2. Canada Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Drone Services Market

26.1. South America Drone Services Market Overview
26.2. South America Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Drone Services Market

27.1. Brazil Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Drone Services Market

28.1. Middle East Drone Services Market Overview
28.2. Middle East Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Drone Services Market

29.1. Africa Drone Services Market Overview
29.2. Africa Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Drone Services Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Drone Services Market Competitive Landscape And Company Profiles

30.1. Drone Services Market Competitive Landscape
30.2. Drone Services Market Company Profiles
- 30.2.1. Phoenix Drone Services LLC
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. PrecisionHawk Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Cyberhawk Innovations Limited
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Sky-Futures Limited
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Terra Drone Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Drone Services Market Competitive Benchmarking

32. Global Drone Services Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Drone Services Market

34. Drone Services Market Future Outlook and Potential Analysis

34.1 Drone Services Market In 2028 - Countries Offering Most New Opportunities
34.2 Drone Services Market In 2028 - Segments Offering Most New Opportunities
34.3 Drone Services Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer