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Drone Services Market by Industry, Application, Type of Drone, Duration of Service, and Region - Global Forecast to 2022

Drone Services Market: Global Forecast until 2022

  • December 2016
  • 166 pages
  • ID: 4603864
In this report:
The U.S. is estimated to lead the drone services market in North America having accounted for a share of ##.##% in 2016, and is expected to grow at a CAGR of ##.##% from 2016 to 2022.
Organic strategies, such as contracts, and new product launches & developments accounted for a share of ##% of the total developments that were undertaken by the drone service companies between January 2012 and November 2016.

Summary

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"Growing demand for drone services in commercial applications is the main factor anticipated to impact the increase of the drone services market during the estimate period"

The drone services market is projected to be $705.30M in 2016 and is projected to extend $18022.70M by 2022, at a compound annual growth rate of ~71.6 percent during the forecast period. The main key factors anticipated to fuel the rise of the drone services market contain growing demand for drone services for monitoring and inspection across various sectors. Nevertheless, Elements such as lack of skilled and trained personnel to operate drones, and stringent regulatory policies regarding drone operations in civil aerospace may act as business restraints for the increase ot the drone services market.

"Established on Sector, the infrastructure segment is intended to witness more considerable rise during the outlook period"

Established on market, the infrastructure segment of the drone services market is forecasted to witness the highest increase, as drone services are getting affordable and are being used for several purposes including monitor construction progress by taking topographic survey and construction progress photography to rise the productivity of construction process.

"Established on application, the aerial photography & remote sensing segment is anticipated to lead the drone services market during the estimate period"

Established on application, the aerial photography & remote sensing segment is estimated to result the drone services market during the outlook period. The industry demand for aerial photography and remote sensing is rising, due to the capability of drones to gather high resolution aerial data in complex areas.

"Established on duration of service, the short duration service segment is forecasted to dominate the drone services market during the estimate period"

Established on duration of service, the short duration service segment is anticipated to lead the drone services market during the outlook period. Industries including agriculture, logistics, media & environment, infrastructure, and oil & gas are opting for short duration drone services, as the use of drones has helped reduced labor cost and rised speed of business operations.

"North America continent is expected to account for the biggest share of the drone services market in 2016; Asia-Pac is anticipated to grow at the maximal rate during the estimate period."

North America (NA) is estimated to result the drone services market in 2016, due to increased drone services application in infrastructure, agriculture, and media & entertainment in the area. The drone services market in the Asia-Pacific area is forecast to witness high rise during the outlook period, due to the expansion of the commercial market and improvements in policy framework for the use drones in different countries in the territory.

Break-up of profiles of primary members taking part in this industry report:

- By Company Type: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, and 1/3 3 - 20.0 percent

- By Designation: C Level - 35.0 percent, Director Level - 25.0 percent, Others - 40.0 percent

- By area: North america (NA) - 45.0 percent, Europe - 20.0 percent, Asia-Pacific - 30.0 percent, RoW - 5.0 percent

Top players decribed in the drone services market report contain Airware, Incorporated, Aerobo, Cyberhawk Innovations Ltd., Sky Futures Ltd., SenseFly Ltd., DroneDeploy Inc. and Sharper Shape Inc. among others.

Segment Research

The study segments the drone services market based on market, application, type of drone, duration of service and maps these segments and sub-segments across main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), the Middle East (ME) and RoW. On the basis of sector, the sector has been split into infrastructure, agriculture, logistics, media and entertainment, oil and gas, utility and power, security, search & rescue, mining, scientific research, and insurance, among others. On the basis of application type, the drone services market has been divided into aerial photography and remote sensing, data acquisition and analytics, mapping & surveying, 3D modeling, disaster risk management and mitigation, inspection & environmental monitoring, product delivery, among others. Established on type of drone, the industry has been broken down into fixed-wing drone and multirotor drone. The study offers detailed market intelligence regarding market dynamics and top factors, including drivers, industry restraints, possibilities, and market-specific challenges influencing the increase of the drone services market, together with analyzing micromarkets with respect to individual developments trends, future perspectives, and their contribution to the drone services market.

Reasons to Buy This Report:

From an insight prospect, this market research has emphasized different levels of analyses - industry study, market share research of top players, supply chain research, and company descriptions, which together comprise and examine basic views on opposing landscape, coming out and high-growth segments of the drone services market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Comprehensive information of drone services provided by key players in the sector

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the drone services market

- Industry development: Highlighted information about lucrative industries - the market research examines the industries for drone services across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the drone services market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the drone services market

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