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| 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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