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.
The global drone services industry size was USD 7.12 billion in 2020. The industry 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.
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 industry. The industry is perceiving a noteworthy escalation in demand for drones for industry able as well as military employment. Moreover, the surging demand for drones and their Services in the healthcare sector is anticipated to fuel the industry growth.
As per the study published by Drone Industry Insights, drone corporations amplified by about 15% in size in the year 2020.
On the basis of type, the global industry 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.
Introduction of Drone Solutions by Drone Deploy to Foster Growth
Drone Deploy, a leader in cloud-based drone software services announced the launch of a single program for all drone operations. The company unveiled automated drone fleet management, enhanced workflow integrations, a low-altitude inspection mode, and advanced analytic capabilities in the launch. The initiation of innovative drone solutions by Drone Deploy will stimulate healthy growth of the market during the forecast period owing to the one stop solutions for all drone operations. Furthermore, Drone Deploy Chief Executive Officer and co-founder Mike Winn, said in a statement, “Today’s product launch is a reflection of the demand from our customers for a complete enterprise-grade drone operating system. We have customers with fleets of 100+ drones looking for a single enterprise platform for their entire drone program, and we believe this launch will reshape how they manage their drone operations and data.
Existing Drone Manufacturers to Augment Growth in North America
The market in North America generated a revenue of USD 1,464.9 million and is expected to grow rapidly during the forecast period. The growth in the region is attributed to the presence of prominent market players and OEMs. Moreover, the growing deployment of drones in military operations will encourage healthy growth of the market in North America. Asia Pacific is predicted to hold the largest share in the market owing to the demand for commercial drone services in India and China. The presence of Terra Drone, Skylark Drone and Australian UAV will further create opportunities for the market in Asia Pacific. The increasing investment in infrastructure, construction and logistics sector will spur opportunities for drone services market in the Middle East in the forthcoming years.
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 industry growth.
North America held the maximum drone Services industry share and was worth USD 2.46 billion in 2020. This development is accredited to the increasing implementation of progressive drones for industry able as well as defense usages. The existence of important players such as Aerodyne Group, Matternet, and Flirtey among others navigate the industry growth across this region.
List of Key Players Covered in the Drone Services Industry Research
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.)