Drone services Market Overview:
Global Drone Services includes a centralized system to manage, analyse and report the collected data from the unmanned aerial vehicles (UAV). In addition, works are being carried out for innovative products and services. Drones play prominent role in different sectors like agriculture, defence, security and others.
Drone services Market Size:
The Drone Services Market is estimated to be USD 705.3 Million in 2016 and is projected to reach USD 18,022.7 Million by 2022, at a CAGR of 71.62% from 2016 to 2022.
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Drone services Market Drivers and restraints:
UAV services have found application in several sectors for surveillance and inspection. Growing security concerns and threats of illegal infiltration have forced industries to implement modern surveillance technologies. In addition, new filming technologies are also being experimented to produce more creative content. Driven by these factors, the market for unmanned aerial vehicle services is expected to grow strongly in the coming years. On the other hand, the lack of qualified personnel for drone control and strict policies on operations, particularly in the civil aerospace sector, are some of the challenges that threaten the global market. However, the growing demand from the infrastructure and construction sectors for a better overview of sites that use relatively cheap but modern technologies will stimulate the demand for drone services market in the coming years. Among the different application segments, the market is expected to experience a great demand for aerial photography and remote sensing. The ability of drones to capture high-resolution air data, even in complex areas, will therefore increase their acceptance by several sectors.
Drone services Market Geographical segmentation:
At the regional level, the market offers lucrative opportunities in North America and Asia-Pacific. In North America, the unmanned aerial vehicle market is benefiting from the growing demand for infrastructure, media and entertainment, and agriculture. In Asia-Pacific, the market is expected to benefit from the expansion of the commercial sector and recent improvements in the policies implemented for the use of drones in several countries.
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Key Players of Drone services Market:
Some of the key players operating in the global drone services market are Airware, Inc. (U.S.), Aerobo (U.S.), Cyberhawk Innovations Ltd. (U.K.), Sky Futures Ltd. (U.K.), SenseFly Ltd. (Switzerland), DroneDeploy Inc. (U.S.), and Sharper Shape Inc. (U.S.), among others.
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