Dublin, April 22, 2024 (GLOBE NEWSWIRE) — The “Drone Services – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Drone Services estimated at US$16.7 Billion in the year 2023, is projected to reach a revised size of US$65.1 Billion by 2030, growing at a CAGR of 18.6% over the analysis period 2023-2030.
Short Duration Drone Services, one of the segments analyzed in the report, is expected to record 20.2% CAGR and reach US$42 Billion by the end of the analysis period. Growth in the Long Duration Drone Services segment is estimated at 16.1% CAGR for the next 8-year period.
The Drone Services market in the U.S. is estimated at US$5 Billion in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$10.9 Billion by the year 2030 trailing a CAGR of 17.6% over the analysis period 2023 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.7% and 15.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.
Key Market Trends & Drivers
- Growing Use of Drones in Surveying and Mapping Applications Widens Opportunities for Drone Services Market
- Remote Sensing: High Growth Application Vertical
- 3D Modelling Made Highly Effective with Drone Technology
- Fast Evolving Role of Drones in Environmental Monitoring Augurs Well
- Seamless Data Acquisition & Analytics Widen Addressable Market for Drone Services
- Disaster Risk Management Made Effortless with Drones
- Industrial Inspection, Surveillance and Tracking: Drones Come to Fore with Great Promise
- Drones Grab the Attention of the Construction Industry
- Drones Step In to Cater to Myriad Needs of Oil & Gas Industry
- Drone Services Potentially Aid Utilities Streamline their Operations
- Insurance Value Chain: The New Avenue for Drone Services
- Farming Sector Likely to Benefit Immensely from Drone Services
- IoT Poised to Widen the Scope & Span of Drone Services
- Safety and Security Issues Associated with Drone Technology Curtail Wider Adoption of Drone Services
The report features profiles of 50+ featured companies. A selection of companies in the report includes:
- Aerobo
- Airware
- Cyberhawk Innovations Ltd.
- DroneDeploy, Inc.
- Phoenix Drone Services LLC
- Prioria Robotics, Inc.
- senseFly SA
- Sharper Shape Inc.
- Sky-Futures
- Unmanned Experts Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 252 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $16.7 Billion |
| Forecasted Market Value (USD) by 2030 | $65.1 Billion |
| Compound Annual Growth Rate | 18.6% |
Key Report Features
- Full access to influencer engagement stats
- Access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
- Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
- Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
For more information about this report visit https://www.researchandmarkets.com/r/n54o9k
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