The global drone services market is expected to grow from USD 0.98 billion in 2017 to USD 9.17 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 37.61%.
“Rising demand for drone services across the various commercial sector is one of the factors largely attributing to the growth of drone services market globally”
The factors attributing to the growth of the market are rising demand for drone services across the various commercial sector, the recent improvement in policies by drone service providers, the increasing requirement for quality data for better inferences, and iot leading to the increased application of smart drones. However, some factors such as limited skilled personnel for operating drone, and stringent policies regarding drone operations especially in civil aerospace may hinder the market growth. The global drone services market is expected to showcase the opportunities such as growing adoption of drones in infrastructure, media & entertainment, and agriculture industries, and potential in the Asia-pacific owing to the expansion of the commercial sector and update policies. In the near future, the market may face the possible challenges in the growth due to and limited endurance affecting the operation of drones. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global drone services market.”Data Acquisition & Analytics: The highest growing function for the global drone services market”
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On the basis of function, the global drone services market is studied across 3D Modeling, Aerial Photography & Remote Sensing, Data Acquisition & Analytics, Disaster Risk Management & Mitigation, Inspection & Environmental Monitoring, Mapping & Surveying, and Product Delivery. Among all these functions, the Data Acquisition & Analytics is projected to hold the largest market share while the Product Delivery has the potential to grow the market with the highest CAGR in the forecast period.”Audit, Surveillance, Inspection & Monitoring: The highest growing application for the global drone services market”
On the basis of application, the global drone services market is studied across Agriculture, Audit, Surveillance, Inspection & Monitoring, Consumer Goods & Retail, Energy & Utilities, Environmental Resource Management, and Media & Entertainment. Among all these applications, the Audit, Surveillance, Inspection & Monitoring has captured the maximum market share while the Media & Entertainment has the opportunity to emerge with the highest CAGR.”Military & Defense: The highest growing end user for the global drone services market”
On the basis of end user, the global drone services market is studied across Civil & Commercial, Military & Defense, and Public Safety. Among all these end users, the Military & Defense has captured the maximum market share while the Public Safety has the opportunity to emerge with the highest CAGR.”Americas: The highest growing geography for the global drone services market”
On the basis of geography, the global drone services market is studied across the Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geographies, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Americas is dominating the market with the highest market size.
“Aerobo: The potential growing player for the global drone services market”
The key players profiled in the global drone services market are Aerobo, Airmap, Airware, Inc., B4UFly, Cyberhawk Innovations Ltd., DGI, DroneDeploy, Dronedeploy Inc., Phoenix Drone Services LLC, PhotoPills, Pix4D, Prioria Robotics Holdings Inc., Sensefly Ltd., Sharper Shape Inc., Sky-Futures Ltd., and Unmanned Experts Inc..
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The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global drone services market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global drone services market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global drone services market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global drone services market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global drone services market.
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