Drone Services Market Worth $ 40.7 Billion By 2026
CHICAGO, September 15, 2021 / PRNewswire / –According to a research report “Drone Services Market by Type (Platform Service, MRO, and Training & Simulation), Application, Industry, Solution (End-to-End, Point) and Region (North America, Europe, Asia Pacific, Middle East, and Row) – Global forecasts to 2026 “, published by MarketsandMarkets ™, the overall drone services market is expected to grow by $ 13.9 billion in 2021 to $ 40.7 billion by 2026, at a CAGR of 23.8% from 2021 to 2026. North America is expected to account for the largest share of the drone services market in 2021.
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Drone services are an evolving market for the services offered for flying drones which can be remotely controlled or piloted autonomously by integrating software controlled flight plans into their on-board systems. Commercial drone services support industries such as agriculture, insurance, construction, marine, aviation, oil and gas, mining, and infrastructure in performing tasks such as research and rescue, parcel delivery, industrial inspection, image assembly, fertilizer spraying, distribution of health care supplies to remote locations and broadcast of programs.
Drones have proven to be an ideal solution for providing various services during the COVID-19 pandemic. From rapid delivery at peak times and the distribution of medicines and essentials in remote areas to scouting an inaccessible place, drones are gradually demonstrating high efficiency and productivity at work. Nevertheless, due to its low adoption, many countries have missed the potential of drone technology. The outbreak and generalization of the pandemic has led to an increase in the demand and use of drones, as their benefits outweigh their potential risks. Police departments and governments around the world have used drones to perform remote policing operations and enforce social distancing. Although many law enforcement budgets have been affected by declining tax revenues and budget reallocations, current pilots are increasing drone experiences as organizations turn to technology to combat operational incompetence. .
“By type, the platform segment is expected to register the highest CAGR during the forecast period“
Based on type, the drone services market has been segmented into Platform (which is sub-segmented into Flight Piloting and Operation, Data Analysis and Data Processing), MRO, and Simulation and Training. The platform segment is expected to register the highest CAGR during the forecast period attributed to its higher efficiency in data collection and accessibility, as well as the accessibility of drone services across the world.
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“By industry, the health care and social assistance segment is expected to register the strongest growth”
Based on industry, the drone services market has been segmented into construction and infrastructure, agriculture, utilities, oil and gas, mining, defense and law enforcement, media and entertainment, scientific research, insurance, aviation, marine, health care and social assistance, and transport, logistics and warehousing.
The healthcare and social assistance segment is expected to register the highest growth, attributed to increased investment in the region during the COVID period to provide test samples and vaccines.
“By solution, the end-to-end solutions segment would have the highest growth during the forecast period”
The solution-based drone services market has been segmented into end-to-end and one-off solutions.
The end-to-end solutions segment is expected to experience the highest growth during the forecast period due to the increasing demand for end-to-end solutions, which include everything from management and operations to data analysis and management. data processing.
“By Application, the transportation and delivery segment is expected to dominate the market with the highest CAGR during the forecast period”
On the basis of applications, the drone services market has been segmented into inspection and surveillance, mapping and surveying, spraying and seeding, filming and photography, transportation and delivery, and security, search and rescue. Among these applications, the transportation and delivery segment is expected to dominate the market with the highest CAGR during the forecast period, owing to the increasing demand for rapid parcel delivery services in the healthcare industry attributed to the outbreak of the COVID-19 pandemic.
“North America is expected to hold the highest market share in 2021. “
North America is expected to hold the highest market share in 2021. The growth of the regional market can be attributed to the increasing trend of online shopping from e-commerce platforms and the favorable regulation of the FAA in the United States. Increased investments from key players to support start-ups in the development of parcel service platforms is also expected to contribute to the growth of the regional market during the forecast period.
The winners of the drone services market are Cyberhawk (UK), Sky-Futures Ltd. (United Kingdom), senseFly Ltd. (Switzerland), DroneDeploy Inc. (United States), Terra Drone Corporation (Japan), PrecisionHawk (United States) and Aerodyne Group (Malaysia). These key players offer drones applicable to various sectors and have well-equipped and solid distribution networks across North America, Europe, Asia Pacific, Middle East and the rest of the world (RoW).
Drone inspection and surveillance market by solution (platform, software, infrastructure and service), type (fixed wing, multirotor, hybrid), applications (constructions and infrastructure, agriculture), mode of operation and region – Global forecasts to 2030
Unmanned Aerial Vehicle (UAV) Market by Point of Sale, Systems, Platform (Civil & Commercial, & Defense & Government), Function, End Use, Application, Type, Mode of Operation, MTOW, Scope & Region – Forecast worldwide until 2026
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