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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

Region : Global | Format: PDF | Report ID: FBI102682

 

KEY MARKET INSIGHTS

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Rising usage of drones has enabled the service provider industry to grow at an exponential rate across the globe. The adoption of technological advancement in unmanned aerial vehicles is providing significant opportunities for service providers. The drone is aircraft without a human pilot onboard, which is controlled autonomously by the remote control or operator.


Unmanned aircraft systems are also known as drone provides services that include monitoring, mapping, surveillance, and aerial photography among others. They provide an industrial solution to several industries for making real-time strategies. There are two types of UAVs autonomous and remotely piloted. Drones are traditionally used by the military for military operation monitoring and surveillance.


Drone controlling is mainly performed remotely through the radio waves or the autonomously from the predetermined route. These drones are well equipped it the number of accessories used for the surveillance and monitoring activity from the optoelectronics heads and the other accessories.


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Nowadays, drones are equipped with the number of sensors that transmit a significant amount of data for the companies for various applications. The providers are adopting data management platforms for processing, analyzing, detecting, and classifying reports. The prominent usage of technology for converting data into actionable information is empowering service providers for commercial benefits. An increase in the number of new start-up companies for the entering in drone service industry resulting in the transforming solutions due to real-time analytics and essential information is projected to boost the market during the forecast period.


MARKET TRENDS


Growing Applications of Commercial Drones In Numerous Industries Driving The Drone Services


The growing use of commercial drones in numerous organizations is projected to boost demand for professional services across the globe.


An increase in the penetration of data analytics, data acquisition, and real-time inspection through these services is offering strategic advantage to the numerous industrial application is supporting the drone services market growth. Moreover, The integration of infrared cameras in drones have helped framers to reduce crop damage and boost productivity owing to its high precision image quality. The services are offering applications for every agricultural process includes crop rotation, crop protection aquaponics, and organic farming. It also helps a farmer in precision farming, crop health, and soil health detection. These factors are likely to boost the drones services industry during the forecast period.


MARKET DRIVERS


Increase in Usage of Unmanned Aircraft Vehicle in Agriculture Sector to Drive the Drone Service Industry


The growing population around the world is fueling demand for the continuous food supply in several countries. There is a rising necessity of a well-established supply chain and monitoring system in the agriculture sector from the past several years. Therefore, farmers of various countries are implementing various technologies to obtain better productivity and efficient use of land, seeds, water, nutrients, and fertilizers. These factors are driving the demand for the unmanned vehicle aircraft or drone services to improvise farming techniques and achieve high productivity. The rising need for precision farming to multifold productivity of crops is driving the UAV service market during the forecast period.


The prominent drone manufacturers are investing in R&D for the development of thermal cameras, multispectral sensors, and LiDAR for the application of the drones. drones are used for creating vegetation maps and monitoring area fields. These maps help in detecting diseases, problems, irrigation, and irregular activity. The drones have to fly in at a specific altitude with these sensors to generate analytical data. These factors are likely to boost the drone services market trends during the forecast period.


Increasing Demand Drones for Aerial Photography and 3D Scanning in Building Information Modelling (BIM) is Supporting Market Growth


Photography has become popular for the number of applications by using high-resolution cameras owing to the high availability of low-cost drones.


Aerial photography has become very important to provide wider approaches in the large multi-story building projects, township projects, and smart city projects, especially in the industries such as real estate and infrastructure industry, is likely to fuel the market expansion in the coming years. Drone services using 3D scanning and camera sensors for Building Information Modelling (BIM) application is behind the growth of the market in the real estate industry. The increase in popularity of drone services especially in the advertisement and documentary making across the world is projected to boost the UAVs service market during the forecast period.


The growth of digital platforms across the globe is witnessing significant growth from the past few years. Some key digital platforms such as social media, mobile applications, and aerial photography. Drones are offering creative angles of photography for the advertisement, short films, and videography. Penetration of drone service in numerous industries such as construction, advertisement, film, and entertainment. A drone has become an essential component for providing a distinct view to the customers. It has been used in various key areas such as live sports, television, advertising, news report, and media. The exponential growth in the new entertainment industry, the sports industry, and advertisement is projected to boost the drone services market during the forecast period.


Growing Need of Drone Services for Strengthening the Homeland Security


Security and surveillance have become very crucial for monitoring cross border activity. Most countries are focusing on strengthening the security solution by increasing the defense expenditure especially the emerging economies. In 2019, China government announced a defense budget of around US$ 175 million for improving the capability of armed forces. Therefore, drone services for homeland security is projected to spur demand during the forecast period.


An increased number of internal threats is creating an opportunity for the adoption of advanced security solutions across the country. Drones technology is playing a crucial role in providing effective security, real-time monitoring and other security applications. Maintaining homeland security is the most essential task for the police and firefighters to prevent major threats and accidents in which drones can play an important role for securing and monitoring a large span of areas. Moreover, several homeland security services and authorities are adopting drone technology to strengthen their capabilities. Therefore, use of drones is expected to improve response time significantly in various military and defense agencies across the globe. These factors are likely to provide exponential growth to the market during the forecast period.


MARKET RESTRAINT


Rising Safety Concerns To Restrict Market Growth


The market is projected to face some key challenges during the forecast period. The service providers of the drone are facing safety concerns related to the accidents, collision and property damages, and other commercial restrictions during the drone operation. Therefore, drone service providers are facing key issues based on safety analyses across the regions. The restriction and drone safety concerns have been implemented from the regional regulators and authorities related to the autonomous flight, weight, and altitude restriction of drone flights. These safety concerns are projected to the hamper the growth of this market during the forecast period


Stringent Government Guidelines for Drones May Hamper Market Growth


The U.S. Federal has implemented stringent regulations for operating unmanned aircraft vehicles or drones due to the safety concerns from the commercial and passenger planes. Some key restriction has implemented to avoid any severe accidents from the drones or unmanned aircraft vehicles. The government has restricted flying or carrying operations of unmanned aircraft vehicles or drones to close perimeter of one kilometer. Furthermore, the U.S. federal government restricted the drone flying in night hours or in no light period and restricted an altitude for above 400 meters. These factors are expected to affect the market for UAVs services.


SEGMENTATION


By Type Analysis


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High Demand for Advanced Rotary Wing Aircraft is Projected to Boost the Market


The drone services market is categorized into fixed-wing and rotary-wing. The rotary-wing segment of the market accounted for maximum share in 2018 and projected to remain dominant during the forecast period. Rotary wing drones are projected to grow at the highest CAGR in the next few years. Strong demand for the rotary-wing aircraft or drones in the commercial sector due to the design benefits in some applications such as drone deliveries and transportation. The rise in the use of commercial drone service especially for remote sensing and environmental monitoring is expected to grow at a rapid pace during the forecast period.


Rotary wing drones have prominent advantages of designs that can take-off and land vertically at a very small space. Rotary wings allow flying in no substantial area and perfectly suitable for aerial monitoring and sensing application. An increase in the adoption of rotary-wing drones in the commercial sector throughout the globe is anticipated to fuel demand for drone services in the next few years.


By Application Analysis


Strong Demand for Aerial Photography Is Likely to Propel at A Significant Growth Rate


Application, the market is segmented into aerial photography, delivery & pick up, surveillance & inspection, data acquisition & analytics, remote sensing & environment and others. In 2018, the surveillance & inspection segment accounted for the largest segment of the market, owing to the increasing demand for site monitoring, border security, and inspection activity. An increased internal threat in countries such as the U.S., Brazil, China, India, and Mexico has fueled demand for the remote-control surveillance solution for the security providing authorities. To solve and tackle critical situation the drones are proving the on ground-based control.


Drones are operated by a high degree of autonomy; this provides real-time monitoring in unreachable spaces. These factors are also enhancing the tactical and non-tactical capabilities of the security services. This, in turn, is likely to expand the UAV services market at a significant rate in the next few years. Different countries and their government agencies have increased security and defense budget for the employment of drones and unmanned aircraft vehicles to upgrade the policing mechanism in the country. Most administrative functions such as traffic monitoring, emergency events, and a police investigation are likely to boost the drone services industry during the forecast period.


Some of the key application such as aerial photography segment is projected to grow at a significant rate owing to the large landscape via benefits such as enhanced camera scope and numerous angles for photography. The rise in demand for this professional photography in key industries such as construction and infrastructure industry is anticipated to boost revenue share for this market during the forecast period.  The emergence of digital photography, 3D Imaging, and aerial photography is likely to fuel the drone services industry in the future years.


By End-User Analysis


Strong Growth of Agriculture Sector Is Expected to Fuel Exponential Growth Rate


Global UAV service market-based in the end-use industry includes agriculture, homeland security, oil & gas, logistics, infrastructure, media & entertainment, and others. The agriculture segment is expected to grow at a significant growth rate during the forecast period owing to increased demand for drone services in developing economies such as China, India and the U.S. these countries are among a large producer of grain, pulses, legumes, fruits and vegetables and one of the key exporter in food chains across the globe.


Drones are likely to be adopted by the number of farmers to enhance productivity and effective use of land from the accurate detection of disease through drone service. Drone service providers are offering the land inspection and data analyzing the application, which can increase crop production, and utilization and proper fertilization. These analytical factors are expected to propel the market of drone services during the forecast period.


REGIONAL ANALYSIS


North America Drone Services Market Size, 2018 (USD Million)

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The findings based on our research methodology indicate North America was estimated to hold the largest market share in the drone services market in 2018. Moreover, the region has the presence of a large number of drone manufacturers and service providers that facilitate significant growth during the forecast period.


Asia Pacific is estimated to hold second large market share in 2018 owing to the presence of multiple in these service providers in this region such as Terra Drone, Skylark Drone, and Australian UAV are among others.


As per our market research study, Asia Pacific is expected to witness strong growth in the market during the forecast period owing to the significant rise in a commercial service provider of the drone in developing countries such as India and China. The region is expected to witness long-term growth in this market.


Furthermore, the market in the Middle East is expected to increase at a significant CAGR, owing to the significant number of oil & gas companies in these regions. Also, the increasing investment in the infrastructure, construction and logistics sector in the region is expected to drive the market in the Middle East.  Moreover, the market in the rest of the world is expected to witness moderate growth due to the increase in global automation services.


KEY INDUSTRY PLAYERS


Adoption of Continuous Innovation and Acquisition & Collaborations Strategies, To Sustain in The Market


The competition landscape of the drone service market depicts the domination of selected players such as Zipline, Terra Drones, Cyberhawk, and Measure among others. A diversified product portfolio of drone service solutions, along with increased investment in R&D and strategic acquisition, are prominent factors responsible for the dominance of these companies. These companies are adopting organic and inorganic growth strategies such as mergers and acquisitions, a new product launched, entering into a long-term contract with multinational companies, and building long-term relationships with OEMs.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • Jul 2019 – DroneDeploy, headquartered in California, the U.S. announced launch of single enterprise solution platform for all drone operations. This will enhance work flow, integration of data analytics and inspection mode.

  • February 2018 – PrecisionHawk, Inc., headquartered in Raleigh, North Carolina, U.S., announced the acquisition of Uplift Data Partner. The Uplift is specialized in inspection services to the construction and building information management (BIM) and real estate.


REPORT COVERAGE


The drone services market report offers qualitative and quantitative insights on the drone services systems and detailed analysis of market size & growth rate for the segments in the market.


An Infographic Representation of Drone Services Market

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Along with this, the report provides an elaborative analysis of market dynamics, emerging trends, and competitive landscape. Key insights offered in the report are the adoption of advanced technology, recent industry developments such as partnerships, mergers & acquisitions, consolidated SWOT analysis of key players, Porter’s five forces analysis, business strategies of leading market players, macro and micro-economic indicators, and key industry trends.


Report Scope & Segmentation














































SEGMENTATION



   DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD Million)



By Type




  • Fixed-wing

  • Rotary Wing



By Application




  • Aerial Photography

  • Delivery & Pick up

  • Surveillance & Inspection

  • Data acquisition & Analytics

  • Remote Sensing & Environment Monitoring

  • Others



By End-use Industry




  • Agriculture,

  • Homeland Security,

  • Oil &Gas, Logistics,

  • Infrastructure,

  • Media & Entertainment

  • Others



By Region




  • North America (the U.S. and Canada)

  • Europe (the U.K., Germany, France, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, and Rest of Asia Pacific)

  • The Middle East (Saudi Arabia, Israel, Turkey, and Rest of the Middle East)

  • Rest of the World (Latin America and Africa)



Frequently Asked Questions

In 2018, this market is USD 4.23 Bn, and it is anticipated to reach USD 6.74 Bn by 2026, growing at a stellar CAGR of 41.34% during the forecast period (2019-2026).

In the market, rotary-wing, Surveillance & inspection, and Homeland & Security are the leading segments.

Some of the driving factors for the market are the rising demand for aerial photography using a high-resolution camera and infrared camera for disease detection and real-time monitoring security solutions are key drivers of the market.

In the market, some of the key players are Zipline, Terra Drones, Cyberhawk. These players are focusing on acquisition and collaborating with domestic players to strengthen their system based portfolios.

In the market, the key players are mainly focusing on establishing a strong supply chain network in high growth regions such as Asia-Pacific. They also involved in acquisitions and technological collaborations to strengthen its market position Furthermore, investment in the R&D capabilities for designing lightweight, durable, and cost-effective drone service systems.

Drone Services Market Size, Share and Global Industry Trend Forecast till 2026
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