Drone As A Service Market Scope
Drone services, also known as unmanned aerial vehicle (UAV) services, is a rapidly growing market for services centred on flying robots that can be operated remotely or flown autonomously using software-controlled flight plans in their embedded systems. Drone service providers are gaining traction in the commercial sector as end users look for new ways to cut costs in their businesses. The cost of owning a drone and maintaining it is substantial, and the company must also hire a qualified drone operator, which is another significant expense. Rather than purchasing a drone, many commercial businesses are turning to third-party drone service providers, which allows them to save money. Drones are now equipped with a variety of sensors that transmit a large amount of data to businesses for a variety of purposes. Data management platforms are being used by providers to process, analyse, discover, and classify reports. The widespread use of technology to transform data into actionable information is giving service providers a competitive advantage. During the forecast period, the market is expected to benefit from an increase in the number of new start-up companies entering the drone service industry, which will result in transforming solutions due to real-time analytics and critical information.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Measure (United States), Precision Hawk (United States), Martek Aviation (United Kingdom), Terra Drone Corporation (Japan), senseFly (Switzerland), Vermeer (United States), CYBERHAWK INNOVATIONS LIMITED (United Kingdom), Sky Futures (United Kingdom), DroneDeploy (United States), SHARPER SHAPE INC. (United States) and DJI (China) |
CAGR | % |
The global drone industry presents a promising market outlook, driven by a multitude of applications across various sectors. Research Analyst at AMA estimates that North America Vendors will contribute to the maximum growth of Global Drone As A Service market throughout the predicted period.
Measure (United States), Precision Hawk (United States), Martek Aviation (United Kingdom), Terra Drone Corporation (Japan), senseFly (Switzerland), Vermeer (United States), CYBERHAWK INNOVATIONS LIMITED (United Kingdom), Sky Futures (United Kingdom), DroneDeploy (United States), SHARPER SHAPE INC. (United States) and DJI (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Delair (France), Prioria Robotics (United States), The Sky Guys, Ltd. (Canada), Deveron UAS (Canada) and MMC (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Drone As A Service market by Type , by Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics, Mapping & Surveying, Modelling, Disaster Risk Management & Mitigation, Inspection & Environmental Monitoring and Others) and Region with country level break-up.
On the basis of geography, the market of Drone As A Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In August, 2023 – Terra Drone Corporation, a leading technology company in the drone and Urban Air Mobility (UAM) industry, has announced its acquisition of majority shares in Unifly, the global leader in UTM Technology. In Unifly’s 2016 Series A funding round, Terra Drone took the lead investment position, partnering with QBIC and PMV, an investment fund backed by the Flemish government.
In November 2023, ideaForge Technology Launches 'Service on Wheels' Program to Revolutionize Customer Support in Drone Industry idea Forge Technology Limited, a leading global drone technology and manufacturing company, has unveiled its pioneering 'Service on Wheels' program, setting new standards in the realm of customer support in the drone industry.
U.S. Department of Transportation’s Federal Aviation Administration (FAA): The new rules(28th December 2020) will require drones to be identified remotely (Remote ID) and will allow small drone operators to fly over people and at night under certain conditions.
Influencing Trend:
Implementation of Visual Line of Sight (BVLOS) to Accelerate the Demand for Commercial Drone Service
Market Growth Drivers:
Increasing Adoption of Drone Based Solutions in Agriculture Sector and Media Industry and Technological Advancements in Drones
Challenges:
Limited Drone Operation Bandwidth, Lack of Risk Management Framework and Regulation Issues in some Countries
Restraints:
Lack of Skilled and Trained Operators and Safety Concerns During Drone Operations
Opportunities:
Growing Use of Internet of Things (IoT) Applications In Drones and Federal Aviation Administration Exemptions
Key Target Audience
Service Providers, Regulatory Bodies, Governmental Bodies and Others