Pune, April 27, 2020 (GLOBE NEWSWIRE) -- The global drone services market size is predicted to reach USD 67.43 billion by 2026, exhibiting a CAGR of 41.34% during the forecast period. The increasing utilization of drones in military applications will boost this market revenue during the forecast period. The rising demand for commercial drones in agricultural applications such as crop rotation, crop protection aquaponics, and organic farming will accelerate the drone services market growth. Besides, the increasing requirement for data analytics, data acquisition, and real-time inspection will spur demand for drones, which, in turn, will enable speedy growth of the market in the forthcoming years.
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According to the report, published by Fortune Business Insights, titled “Drone Services Market Size, Share and Industry Analysis, By Type (Fixed-wing and Rotary-wing), By Application (Aerial Photography, Delivery & Pick up, Surveillance & Inspection, Data acquisition & Analytics, and Remote Sensing & Environment Monitoring), By End-use Industry (Agriculture, Homeland Security, Oil & Gas, Logistics, Infrastructure, Media & Entertainment, and Others), and Regional Forecast,2019- 2026” the market size stood at USD 4,233.9 million in 2018. The drone services market report is fixed at delivering a comprehensive description of the dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER’s analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the drone services market. It further examines the ways and components convincing expansion, growth patterns, restricting factors, and market strategies.
Competitive Landscape:
Introduction of Drone Solutions by DroneDeploy to Foster Growth
DroneDeploy, a leader in cloud-based drone software services announced the launch of a single program for all drone operations. The company unveiled automated drone fleet management, enhanced workflow integrations, a low-altitude inspection mode, and advanced analytic capabilities in the launch. The initiation of innovative drone solutions by DroneDeploy will stimulate the healthy growth of the market during the forecast period owing to the one-stop solutions for all drone operations.
Furthermore, DroneDeploy Chief Executive Officer and co-founder Mike Winn, said in a statement, “Today's product launch is a reflection of the demand from our customers for a complete enterprise-grade drone operating system. We have customers with fleets of 100+ drones looking for a single enterprise platform for their entire drone program, and we believe this launch will reshape how they manage their drone operations and data.
Browse Detailed Summary of This Research Report with TOC: https://www.fortunebusinessinsights.com/drone-services-market-102682
List of the Key Companies Operating in the Drone Service Market are:
- Aerodyne Group.
- Cyberhawk
- Flirtey.
- Hemav
- Matternet
- Measure
- Sky-Futures
- Skylark Drones
- Terra Drone
- Verity Studios
- Zipline
Regional Analysis:
Existing Drone Manufacturers to Augment Growth in North America
The market in North America generated a revenue of USD 1,464.9 million and is expected to grow rapidly during the forecast period. The growth in the region is attributed to the presence of prominent market players and OEMs. Moreover, the growing deployment of drones in military operations will encourage healthy growth of the market in North America.
The Asia Pacific is predicted to hold the largest share in the market owing to the demand for commercial drone services in India and China. The presence of Terra Drone, Skylark Drone and Australian UAV will further create opportunities for the market in Asia Pacific. The increasing investment in infrastructure, construction and logistics sector will spur opportunities for drone services market shares in the Middle East in the forthcoming years.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments –Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Global Drone Services Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Fixed-wing
- Rotary-wing
- Market Analysis, Insights and Forecast – By Application
- Aerial Photography
- Delivery & Pick up
- Surveillance & Inspection
- Data Acquisition & Analytics
- Remote Sensing & Environment Monitoring
- Others
- Market Analysis, Insights and Forecast – By End-use Industry
- Agriculture
- Homeland Security
- Oil & Gas
- Logistics Infrastructure
- Media & Entertainment
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- The Middle East
- Rest of the world
TOC Continued…!
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Drone Sensor Market Size, Share & Industry Analysis, By Sensor Type (Inertial Sensor, Image Sensor, Speed and Distance Sensor, Position Sensor), By Platform Type (VTOL, Fixed-Wing, Hybrid), By Application (Navigation, Collision Detection & Avoidance, Data Acquisition), By End-User (Construction, Media & Entertainment, Precision Agriculture ) and Regional Forecast, 2019-2026
Small Drones Market Size, Share & Industry Analysis, By Type (Fixed-Wing, Rotary-Wing, and Hybrid/Transitional), By Power Source (Lithium-ion cells, Hybrid Fuel cells, and Solar cells), By Size (Micro, and Mini & Nano), By Application (Civil & Commercial, Military, Homeland Security, and Consumer) and Regional Forecast, 2015-2026
Military Drone Market Size, Share & Industry Analysis, By Type (Fixed-Wing, Rotary-Wing, and Hybrid/Transitional), By Range (VLOS, EVLOS, and BLOS), By Propulsion Type (Battery Powered, Fuel Cell, and Hybrid Cell), By Technology (Remotely Operated Drone, Semi-Autonomous Drone, and Autonomous drone), By Application (ISRT, Delivery and Transportation, Combat Operations, Battle Damage Management and Others) and Regional Forecast, 2019-2026
Commercial Drone Market Size, Share & Industry Analysis, By Product (Fixed Wing Drone, Rotary Blade Drone, and Hybrid Drone), By Technology (Remotely Operated, Semi-Autonomous, and Autonomous), By System (UAV Structure, UAV Payloads, UAV Avionics, UAV Propulsion, and UAV Software), By Industry (Infrastructure, Transport & Delivery, Insurance, Media, Telecommunication, Agriculture, Security, and Mining) and Regional Forecast, 2019-2026
Agriculture Drones Market Size, Share & Industry Analysis, By Component (Frames, Controller Systems, Propulsion Systems, Camera Systems), By Mode of Operation (Remotely Operated Agriculture Drones, Semi-Autonomous Agriculture Drones), By Range (Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS)), By Application (Precision Farming, Livestock Monitoring, Precision Fish Farming) and Regional Forecast, 2019-2026
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