Drone Delivery Services Is The Fastest Growing Segment Fueling The Growth Of Drone Service Market

 
https://www.coherentmarketinsights.com/market-insight/drone-service-market-5996
Drone Service Market

Market Overview:

Drones are unmanned aircraft that can be controlled remotely or can fly autonomously using software-controlled flight plans in their embedded systems. Drone service providers offer advanced service capabilities involving their drone fleets, including aerial inspection, mapping, surveying, filming & photography, product deliveries, and more through customized solutions tailored for specific industry needs such as agriculture, construction, media & entertainment, delivery, and disaster management.

Market key trends:

One of the key trends fueling the growth of the Drone Service Market is the increasing adoption of advanced technology such as drones for delivery applications. Drones offer an efficient solution for last-mile deliveries of products such as food, medicines, packages, and others. The use of drones reduces delivery time and cost significantly as compared to traditional delivery modes. Various e-commerce players are actively launching trials for drone deliveries to tap into this use case. This growing application of drones for deliveries is expected to drive considerable growth in the market over the forecast period.

The global Drone Service Market Demand is estimated to be valued at US$ 12.57 Bn in 2023 and is expected to exhibit a CAGR of 39. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis

The drone service market is segmented into drone platform services, drone solution services and drone management services. The drone platform services segment is expected to dominate the market during the forecast period. This is because drone platform services such as training, repair & maintenance, and integration services are essential for smooth and safe functioning of drones. These services help increase the life of drones and enable their utilization for a longer period of time.

Key Takeaways

The global drone service market is expected to witness high growth, exhibiting CAGR of 39.% over the forecast period, due to increasing demand for aerial monitoring services in various industries like oil & gas, agriculture, construction, etc. The use of drones helps save operational costs and capture photographic data more efficiently than traditional methods.

Regional analysis
North America is expected to dominate the global drone service market during the forecast period. This is attributed to large presence of drone service providers and growing adoption of commercial drones across industries in the US and Canada. However, Asia Pacific is anticipated to grow at the fastest pace owing to rising construction activities and increasing government initiatives to deploy drones in China, India and other developing nations.

Key players
Key players operating in the drone service market are Unmanned Experts Inc., Aerodyne Group, Terra Drone Corporation, Cyberhawk, Sharper Shape, Dronedeploy, Sensefly, Edall Systems, Precisionhawk, and Phoenix Drone Services LLC. Unmanned Experts Inc. and Aerodyne Group collectively account for over 25% of the global market share due to their vast network of service centers and ex

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