PUBLISHER: The Business Research Company | PRODUCT CODE: 1465741
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465741
Drone photography services involve the provision of aerial imagery and videography captured using unmanned aerial vehicles (UAVs) equipped with high-resolution cameras. These services provide a versatile and cost-effective method for capturing aerial views, catering to a range of purposes across industries such as real estate, construction, agriculture, and environmental monitoring.
The primary customer segments for drone photography services encompass both residential and commercial sectors. Residential clients include individuals and entities within the residential real estate industry, such as real estate agents, construction firms, roofing companies, and homeowners. These clients leverage drone photography for purposes such as capturing aerial views of properties, showcasing projects, monitoring construction sites, and inspecting challenging areas. Commercial applications span a range of industries, including energy, construction, transportation, warehouses, agriculture, mining, oil and gas extraction, public administration, real estate, industrial plants, entertainment, recreation, safety, security, and more. Drones are employed for various functions such as aerial photography, product delivery, surveillance, inspection, data acquisition, analytics, and more.
The drone photography services research report is one of a series of new reports from The Business Research Company that provides drone photography services market statistics, including the drone photography services industry's global market size, regional shares, competitors with a drone photography services market share, detailed drone photography services market segments, market trends and opportunities, and any further data you may need to thrive in the drone photography services industry. This drone photography 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 photography services market size has grown rapidly in recent years. It will grow from $0.65 billion in 2023 to $0.78 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The expansion observed in the historical period can be attributed to heightened demand for top-notch aerial photography, cost-effectiveness relative to conventional photography methods, improved perspectives and visual storytelling capabilities, widespread adoption across diverse industries, enhanced safety measures and risk mitigation, regulatory backing and compliance, as well as an increase in awareness and education among clients.
The drone photography services market size is expected to see rapid growth in the next few years. It will grow to $1.58 billion in 2028 at a compound annual growth rate (CAGR) of 19.4%. Anticipated growth in the forecast period can be ascribed to the expansion into new industries and applications, a surge in demand for specialized aerial photography services, market penetration in emerging economies, strategic collaborations with marketing agencies and real estate firms, regulatory adaptations to facilitate drone photography operations, and an amplified emphasis on creativity and innovation in visual content creation. Key trends expected in the forecast period encompass the integration of high-resolution cameras, a rise in demand for mapping applications, the adoption of advanced flight planning, the development of specialized services, collaborative efforts among service providers, and integration with GIS (Geographic Information System) platforms, particularly for environmental monitoring purposes.
The drone photography services market is anticipated to experience growth, driven by the expansion in the entertainment industry. The entertainment sector encompasses a wide range of businesses involved in creating, producing, distributing, and monetizing content across various media forms, including film, television, music, theater, literature, video games, streaming platforms, and live events. Innovations such as streaming services, virtual reality, augmented reality, and aerial photography using drones are enhancing the quality and accessibility of entertainment content. Content creators in the entertainment industry leverage drone photography services for captivating aerial shots, adding dynamic perspectives and visual spectacle to film and event productions. According to the British Film Institute, the UK witnessed increased spending on film and high-end television (HETV) production in 2022, reaching £6.27 billion ($8.2 billion), compared to £5.64 billion ($7.4 billion) in 2021. This growth in the entertainment industry is a key driver for the drone photography services market.
Major players in the drone photography services market are actively developing innovative solutions to enhance versatility and accessibility. Portable photography drones, equipped with high-quality cameras, are gaining popularity as they offer the flexibility to capture stunning aerial photos and videos in diverse environments. Garuda Aerospace, an India-based developer of unmanned aerial vehicles (UAVs), launched Droni in January 2024, marking its entry into the consumer photography and cinematography drone sector. Droni is a compact, foldable quadcopter nanodrone weighing under 250 grams, designed for easy portability. It features 11 intelligent flight modes, including follow-me, circling, fading, soaring, time-lapse, tail flicking, broad and straightforward shooting, and more, providing a versatile range of capabilities. The launch of such products reflects the industry trend toward more accessible and adaptable drone technologies, expanding creative possibilities in aerial photography and videography.
In December 2021, Delhivery, an India-based logistics services company, acquired Transition Robotics Inc. for an undisclosed amount. This strategic acquisition aimed to enhance Delhivery's expertise in unmanned aerial systems (UAS) and core drone technologies, focusing on applications such as aerial photography, remote sensing, inspection, and surveys. Transition Robotics Inc., a US-based company, specializes in developing unmanned aerial systems (UAS) platforms for professional aerial photography, infrastructure inspection, surveys, and remote sensing. The move aligns with Delhivery's commitment to staying at the forefront of evolving technologies in the logistics industry and anticipating future market needs.
Major companies operating in the drone photography services market are Terra Drone Corporation, Cyberhawk Innovations Limited, DroneDeploy Inc., Drone Dispatch Inc., Aerial Robotix LLC, AeroMedia Group, Edall Systems, 3DroneMapping LLC, AiriNova Inc., AerialWorks Inc., AERIUM Analytics Inc., Aeroworks Productions LLC, Aivia Group Inc., Astral Aerial Solutions LLC, Cloud 9 Creative LLC, DATA PKT Aviation, DC Geomatics LLC, DroneView Technologies LLC, Falconviz Inc., Identified Technologies Corporation, Aerobo Inc., Airware Inc., Martek Aviation Limited, Skylark Drones Pvt. Ltd., Bluesky International Limited, Artrabia UAV Services, DJM Aerial Solutions LLC, DDC Smart Inspection LLC, AUAV Pty Ltd, Avian UAS LLC
North America was the largest region in the drone photography services market in 2023. The regions covered in the drone photography services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the drone photography services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The drone photography services market includes revenues earned by entities through offerings such as environmental monitoring, search and rescue operations, aerial videography, surveying, and mapping. 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.
Drone Photography 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 photography 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.
Where is the largest and fastest growing market for drone photography 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 photography 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.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.