Drone Service Market Research Report
Growth opportunities in the drone
service market look promising over the next six years. This is mainly due
to the rise in the inclination of UAVs in the agriculture sector, increasing
technological developments in autonomous unmanned aerial services, and reducing
labor costs for the companies.
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Drone
Service Market Dynamics (including market size, share, trends, forecast,
growth, forecast, and industry analysis)
Key
Drivers
The continues augmentation in technological innovations in
autonomous aerial services has emerged the last-mile delivery of the products.
The application of drones for delivery and other services can extensively
decrease the labor cost for the company. This mode of service has the ability
to rattle the delivery industry. E-commerce and delivery companies like Amazon
have already charged the patents to expand multi-level fulfillment centers for
these vehicles. Moreover, the growing preference for UAVs in the agricultural
sector is also driving the market growth. For example, the application of
drones for crop monitoring, analysis, and crop health assessment will boost
market growth. Also, the favorable strategies by corporations like the
collaboration of the World Food Programme and the Belgian government in 2017 to
use these drones for agricultural processes will stimulate market growth.
Additionally, their propelling demand for aerial photography along with 3D
scanning in building modeling will strengthen the market size. Aerial
videography and photography are exerted in architectural research and property
advertising, and others which have raised the market growth. However, the
growing concerns associated with security will curb the market growth.
End-Use
Industry Segment Drivers
Based on the end-use industry, agriculture is expected to
witness a higher CAGR over the forecast period.
This is attributed to their increasing demand of these services in economies
like U.S., China and India which are largest producers of grains, pulses, and
rice and require drones for spraying, monitoring and other purpose which
results in market growth.
Regional
Drivers
Based on the regional coverage, North America is projected
to lead the market over the forecast period. According to the budget provided
by the president of the U.S. in 2018, their military is disbursing US$6.97
billion for drone-related research and development, procurement, and
system-specific construction, which will fuel the market growth. In addition,
the prevalence of leading players in the market like MEASURE, Zipline, and
Flirtey have further propelled the market growth.
Drone
Service Market’s leading Manufacturers:
·
Zipline
·
Terra Drone Corp.
·
MEASURE
·
Hemav Technology S.L
·
Aerodyne Group
·
Verity
·
Skylark Drones
·
Matternet
·
Flirtey
·
Aerodyne Group
Drone Service Market Segmentation:
Segmentation by Type
·
Fixed-Wing
·
Rotary Wing
Segmentation by Application
·
Aerial Photography
·
Delivery & Pick-Up
·
Surveillance and Inspection
·
Data Acquisition and Analytics
·
Remote Sensing and Environment Monitoring
·
Others
Segmentation by End-Use Industry:
·
Agriculture
·
Homeland Security
·
Oil & Gas
·
Logistics Infrastructure
·
Media and Entertainment
·
Others
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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