The global drone Services market size was USD 7.12 billion in 2020. The market is projected to grow from USD 9.56 billion in 2021 to USD 134.89 billion in 2028 at a CAGR of 45.9% in the 2021-2028 period. This information is published by Fortune Business Insights™, in its report, titled, “Drone Services Market, 2021-2028.” According to our researchers, the rising usage of drones has empowered the Services delivering industry to expand drastically and suddenly across the world. Furthermore, unmanned aircraft systems (UAS) alternatively known as drone providing facilities that involve monitoring, environment surveillance, aerial photography, and plotting among others. These drones deliver solutions to numerous establishments for drawing up real-time tactics.
Growing Demand for Supply Drones in Medical Industry amid COVID-19 to Augment Growth
There has been witnessed an affirmative effect of the COVID-19 pandemic on this market. The market is perceiving a noteworthy escalation in demand for drones for marketable as well as military employment. Moreover, the surging demand for drones and their Services in the healthcare sector is anticipated to fuel the market growth. As per the study published by Drone Industry Insights, drone corporations amplified by about 15% in size in the year 2020. As per a report issued by UNICEF, eighteen nations advanced drone delivery Services and transference amid the COVID-19 crisis. Additionally, countries such as Rwanda, Malawi, and Ghana make use of drones to provide COVID-19 materials and goods, general medical supplies, and medical testers.
List of Key Players Covered in the Drone Services Market Report
- Aerodyne Group (U.S.)
- AgEagle Aerial Systems Inc. (U.S.)
- CYBERHAWK (U.K)
- Flirtey (U.S.)
- MATTERNET (U.S.)
- Phoenix Drone Services LLC (U.S.)
- Sky Futures (U.K)
- Skylark Drones (India)
- Terra Drone (Japan)
- Zipline (U.S.)
The market report provides a complete assessment of fragments of the market. A wide-ranging study of the present trends and forthcoming prospects in the market is offered in the report. It correspondingly delivers a comprehensive examination of the regional dynamics and how these aspects form the market growth in the corresponding regions. The effect of the COVID-19 pandemic is revealed for further understanding of the conceivable risks in the market. The proficient tactics of the highest players and how they steer the market growth are revealed in the following report.
On the basis of type, the global market is separated into fixed-wing and rotary-wing. The rotary-wing segment held maximum shares in 2020 and endure its supremacy during the forecast period. Rising demand for these drones in the commercial sector owing to the design welfares in several applications such as transport and drone distributions. By application, the market is segregated into aerial photography, delivery pick up, surveillance inspection, data acquisition analytics, remote sensing environment monitoring, and others. On the basis of end-use, the market is categorized into agriculture, homeland security, oil gas, logistics, infrastructure, media entertainment, and others. In terms of geography, the market is divided into North America, Europe, Asia Pacific, the Middle East Africa, and the rest of the world.
Drivers and Restraints
Rising Demand for Aerial Photography and 3D Scanning in BIM to Support Growth
Photography has emerged as a popular source for countless executions by utilizing high-resolution devices owing to the excess obtainability of cost-effective drones. Aerial photography offers broader prospects in large township schemes, multi-story structure developments, and smart city ventures. Therefore, the surging demand from the real estate and construction industry is fuelling the market growth. Additionally, drones utilize camera radars and 3D scanning for Building Information Modelling (BIM) usage, further steering the market growth. An upsurge in the admiration of drones, particularly in commercials and movie-making across the globe is estimated to thrust the drone Services market growth during the mentioned time period.