Global Drone Services Market Size study & Forecast, by Service Type (Drone Platform Services, Drone MRO Services, Drone Training & Simulation Services) by Application (Aerial Photography, Product Delivery, Surveillance & Inspection, Data Acquisition & Ana

Global Drone Services Market Size study & Forecast, by Service Type (Drone Platform Services, Drone MRO Services, Drone Training & Simulation Services) by Application (Aerial Photography, Product Delivery, Surveillance & Inspection, Data Acquisition & Analytics, Others), by End-Use Industry (Agriculture, Infrastructure, Oil & Gas, Logistics, Others) and Regional Analysis, 2022-2029

Global Drone Services Market is valued at approximately USD 9.56 billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Drone services are steadily replacing conventional commercial uses such as aerial surveys, filmmaking, and search and rescue since they can be operated for long periods and remotely by human operators or autonomously by onboard computers. Drone services are increasingly being used in civic and commercial applications due to their great durability and low operational costs. The Drone Services Market is expanding because of factors such as the rising adoption in the agricultural sector and raising the amount of data for high-quality data.

According to the World Bank, Agriculture is essential for economic growth as it accounts for 4% of global GDP and it accounts for more than 25% of GDP in some least developed countries. In January 2022, the Indian Union Ministry of Agriculture and Farmers Welfare issued rules to reduce the cost of drone technology for farmers. The amendment allows Farmer-Producer Organizations (FPOs) to receive funding for up to 75% of the cost of agricultural drones used in field demonstrations. Moreover, the growth of urban air mobility services and modification in the regulatory framework will create lucrative opportunities for the market. However, the regulatory bodies' safety concerns stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Drone Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increased adoption of drone services, as well as the presence of significant drone manufacturers in the United States. According to the Federal Aviation Administration (FAA), 872,694 drones were registered in the United States in May 2021.
Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increased government and OEM spending on drone services. APAC countries with large drone service providers include China and Japan.

Major market player included in this report are:

Aerodyne Group (Malaysia)
AgEagle Aerial Systems Inc. (U.S.)
Cyberhawk (U.K.)
DroneDeploy (U.S.)
Matternet (U.S.)
PrecisionHawk (U.S.)
Phoenix Drone Services LLC (U.S.)
SenseFly (Switzerland)
Sky Futures Ltd (U.K.)
Terra Drone (Japan)


Recent Developments in the Market:
 In January 2022, Aerodyne and Astralution established a strategic partnership to provide premier Drone-as-a-Service (DaaS) and Software-as-a-Service (SaaS) solutions in the Scandinavian region. Aerodyne stated that it will provide long-term value to its customers by collaborating with Astralution's extensive history in aviation and crisis management in the oil and gas industry to provide customised unmanned aerial vehicle (UAV) solutions.
 In May 2022, Cyberhawk signed a contract with Shamal Technologies to digitally revolutionise the way large construction projects are completed in the Kingdom of Saudi Arabia. Shamal Technologies is a prominent geospatial data firm that offers complete data collecting, visualisation, and analytics solutions to reduce operational risk. The company is the first in Saudi Arabia to create a solution combining artificial intelligence with unmanned technologies.

Global Drone Services Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Service Type, Application, End-Use Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Service Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service Type:
Drone Platform Services
Drone MRO Services
Drone Training & Simulation Services

By Application:
Aerial Photography
Product Delivery
Surveillance & Inspection
Data Acquisition & Analytics
Others

By End-Use Industry:
Agriculture
Infrastructure
Oil & Gas
Logistics
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World


Companies Mentioned
Aerodyne Group (Malaysia)
AgEagle Aerial Systems Inc. (U.S.)
Cyberhawk (U.K.)
DroneDeploy (U.S.)
Matternet (U.S.)
PrecisionHawk (U.S.)
Phoenix Drone Services LLC (U.S.)
SenseFly (Switzerland)
Sky Futures Ltd (U.K.)
Terra Drone (Japan)

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