Drone Services Market Size, Share & Analysis Report, 2023-2032
The global drone services market size was exhibited at USD 8.09 billion in 2022 and is projected to hit around USD 87.02 billion by 2032, growing at a CAGR of 26.81% during the forecast period 2023 to 2032.
Key Pointers:
Drone Services Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 10.26 Billion |
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Market Size by 2032 |
USD 87.02 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 26.81% |
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Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
By Service, By Application and By End-User |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
Aerial Drone Services Inc., Aerodyne Group, Arch Aerial LLC, AUAV, CYBERHAWK, Drone Services Canada Inc., Dronegenuity, FLIGHTS Inc., FlyGuys, NADAR Drone Company, Phoenix Drone Services LLC, TERRA DRONE CORPORATION, Wing Aviation LLC and Others. |
Drone services is an evolving market for services offered for flying drones that can be remotely controlled or flown autonomously by integrating software-controlled flight plans into their embedded systems. Commercial drone services support industries such as agriculture, insurance, construction, marine, aviation, oil & gas, mining, and infrastructure in performing tasks such as search and rescue, package delivery, industrial inspection, assembling imagery, spraying fertilizers, distributing healthcare supplies to remote places, and broadcasting shows.
The drone services market based on type of the service provided has been segmented into platform (which is sub-segmented into flights piloting & operation, data analysis, and data processing), MRO, and simulation & training. Based on application, drone services market has been segmented into inspection & monitoring, mapping & surveying, spraying & seeding, filming & photography, transport & delivery, and security, search, and rescue. Based on industry, the drone services market has been segmented into construction & infrastructure, agriculture, utility, oil & gas, mining, defense & law enforcement, media & entertainment, scientific research, insurance, aviation, marine, healthcare & social assistance, and transportation, logistics, & warehousing. These industries use a wide range of drone services, such as inspection & monitoring, mapping & surveying, and filming & photography. The drone services market based on solution has been segmented into end-to-end and point solutions. The scope of the end-to-end solution segment includes all platform services, such as piloting & operations, data analytics, and data processing. The point solutions are specific only to piloting or data processing for applications such as surveying, inspection, and monitoring.
The drone services market is segmented according to five key regions in this report, namely, North America, Europe, Asia Pacific, Middle East and the Rest of the World (RoW), along with their key countries.
Drone services are rapidly replacing the applications of legacy services in the commercial sector, such as aerial surveys, filmography, and search & rescue, as they can be operated for long periods and remotely by human operators or autonomously by onboard computers. The usage of drone services has increased in various civil and commercial applications due to their high endurance and low operational costs. Besides, the incorporation of new technologies, such as artificial intelligence, IoT, and cloud computing in drone services is expected to further fuel their demand in various sectors.
COVID-19 impact on the Drone Services Market
Drones have proved to be an ideal solution for offering various services during the COVID-19 pandemic. From prompt delivery at peak hours and dispensing medicines and essentials to remote areas to screening an inaccessible location, drones are gradually demonstrating high work efficiency and productivity. Nevertheless, due to its low adoption, numerous countries have missed out on the potential of drone technology. The outbreak and widespread of the pandemic have led to an increase in demand for and use of drones, as their benefits outweigh their potential risks. Police departments and governments worldwide have utilized drones to achieve remote policing and impose social distancing. Although many law enforcement budgets have been adversely affected by diminished tax revenues and budget reallocations, current pilot programs are increasing drone experiments as organizations are turning toward the technology to tackle operational incompetence.
Drone Services Market Dynamics:
Driver: Increasing data for high-quality data
Companies in the agriculture, construction, mining, and other sectors require high-quality data. They rely on satellites and helicopters to gather photogrammetric and geospatial data to enhance their business operations. The spatial information collected is analyzed and used for decision-making related to information on hydrography, topography, soil type, and land development. Data collected using traditional procedures is costly and may not be accurate/detailed enough.
Drone service providers can cost-effectively provide high-quality, accurate data. Since drones can be equipped with high megapixel cameras, they can capture detailed information by flying at low heights. Besides, drones equipped with GPS and high-tech image processing software can capture high-quality images at a lower cost as compared to traditional techniques.
Opportunity: Development of urban air mobility services
In 2020, the global population comprised 56.2% of the urban population. With the growing urban population, transportation systems are required to be proficiently managed to enable mass mobility. Cities worldwide are, hence, looking for alternative modes of transportation to solve issues linked with traffic congestion. It is expected that urban air mobility with the use of autonomous drones can decrease pollution levels and reduce transport time, as well as lower the strain on existing transport systems. Cities, namely, Dubai, Singapore, Los Angeles, and Dallas, are already testing with Urban Air Mobility projects. Air taxis is expected to be a promising market in the upcoming era since they make traveling safe and comfortable. The chief objective of urban air mobility is to enable intracity transportation to reduce the strain on currently existing urban mobility solutions. Presently, most of the autonomous aircraft manufacturers are performing research and development for UAM technology. Lilium (Germany) has built the Lilium Jet, an electric vertical take-off and landing jet with a cruising speed of 300 km/h and a range of 300 km. The company plans to deploy this jet for intracity transportation initially and later for intercity transportation. Other aircraft manufacturing companies such as Boeing, Bell, Hyundai Motors, BAE Systems, and EHang are also planning to develop autonomous aircraft for intracity transportation.
Challenge: Lack of risk management framework and insurance cover for aerial delivery drones
Service providers and manufacturers of aerial delivery drones face the potential risk of losing parcels or delivery drones due to lack of insurance coverage. This requires the service providers and manufacturers to work closely with regulatory authorities to ensure that aerial delivery drones are used responsibly. In several countries, it is mandatory for drone users to have insurance cover to handle the liabilities in case of an accident. The current insurance for drones focuses on the risk of personal injury and property damage related to the drone itself or the damage caused by it. However, such laws have not been formulated for aerial delivery drones. Providers of delivery drone services and consumers availing these services need to enter a contract before the initiation of operations. Although the risk of damage or loss is low for the party availing the service, there may be serious consequences in case of an accident.
Insurance helps mitigate losses by providing liability within the policy period. Presently, insurers are facing challenges in terms of damage caused due to hacking, delayed arrival of emergency medical aid packages, loss of control of the drone, air collision, and BVLOS operations. It is expected that insurance will become a part of the risk management framework, regulating delivery drone services in the coming years and will cover physical losses to aerial delivery drones, ground stations, and equipment or packages.
Some of the prominent players in the Drone Services Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Drone Services market.
By Service
By Application
By End-User
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Drone Services Market
5.1. COVID-19 Landscape: Drone Services Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Drone Services Market, By Service
8.1. Drone Services Market, by Service, 2023-2032
8.1.1 Drone Platform Service
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Drone MRO Service
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Drone Training & Simulation Services
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Drone Services Market, By Application
9.1. Drone Services Market, by Application, 2023-2032
9.1.1. Aerial Photography
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Product Delivery
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Surveillance & Inspection
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Data Acquisition & Analytics
9.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Drone Services Market, By End-User
10.1. Drone Services Market, by End-User, 2023-2032
10.1.1. Agriculture
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Infrastructure
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Oil & Gas
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Logistic
10.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Drone Services Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Service (2020-2032)
11.1.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.3. Market Revenue and Forecast, by End-User (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Service (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.4.3. Market Revenue and Forecast, by End-User (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Service (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.5.3. Market Revenue and Forecast, by End-User (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Service (2020-2032)
11.2.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.3. Market Revenue and Forecast, by End-User (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Service (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.4.3. Market Revenue and Forecast, by End-User (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Service (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.5.3. Market Revenue and Forecast, by End-User (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Service (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.6.3. Market Revenue and Forecast, by End-User (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Service (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.7.3. Market Revenue and Forecast, by End-User (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Service (2020-2032)
11.3.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.3. Market Revenue and Forecast, by End-User (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Service (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.4.3. Market Revenue and Forecast, by End-User (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Service (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.5.3. Market Revenue and Forecast, by End-User (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Service (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.6.3. Market Revenue and Forecast, by End-User (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Service (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.7.3. Market Revenue and Forecast, by End-User (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Service (2020-2032)
11.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.3. Market Revenue and Forecast, by End-User (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Service (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.4.3. Market Revenue and Forecast, by End-User (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Service (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.5.3. Market Revenue and Forecast, by End-User (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Service (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.6.3. Market Revenue and Forecast, by End-User (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Service (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.7.3. Market Revenue and Forecast, by End-User (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Service (2020-2032)
11.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.3. Market Revenue and Forecast, by End-User (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Service (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.4.3. Market Revenue and Forecast, by End-User (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Service (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.5.3. Market Revenue and Forecast, by End-User (2020-2032)
Chapter 12. Company Profiles
12.1. Aerial Drone Services Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Aerodyne Group
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Arch Aerial LLC
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. AUAV
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. CYBERHAWK
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Drone Services Canada Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Dronegenuity
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. FLIGHTS Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. FlyGuys
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. NADAR Drone Company
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers