Drone Services Market to Record 38.9% CAGR During 2023-2030; Increasing Government Initiatives and Investments to Boost Market Proliferation

The global drone services market size was valued at USD 13.9 billion in 2022. Fortune Business Insights™ in its report titled “Drone Services Market Size, Share, Russia-Ukraine War Impact & COVID-19 Impact Analysis, By Service Type (Drone Platform Services, Drone MRO Services, and Drone Training & Simulation Services), By Application (Aerial Photography, Product Delivery, Surveillance & Inspection, Data Acquisition & Analytics, and Others), By End-use Industry (Agriculture, Infrastructure, Oil & Gas, Logistics, and Others), and Regional Forecast, 2023-2030” observes that the  market is projected to grow from USD 18.9 billion in 2023 to USD 189.4 billion by 2030, exhibiting a CAGR of 38.9% during the forecast period. The rising adoption of autonomous drones in construction, mining, logistics and other sectors and integration of artificial intelligence (AI) in drones is slated to aid market proliferation in the forthcoming years.

Safe Pro Group Inc. Acquires Airborne Response to Expand Customer Base

In September 2022, Safe Pro Group Inc, a U.S.-based developer of safety & security solutions for infrastructure and people, gained acquisition of Airborne Response for an undisclosed amount. This acquisition helped Safe Pro Group to expand its capabilities to offer governments and other customers with mission critical solutions.

Usage of Drones in Healthcare and Logistics Sectors Propelled Market Expansion Amid the Pandemic

Drones were extensively used to disinfect public spaces and deliver medical supplies to remote areas during the COVID-19 pandemic. They were also used for contactless delivery of goods. For instance, Zipline, a drone delivery company, joined forces with the Ghana government to deliver COVID-19 vaccines and other medical supplies to remote areas of the country. Moreover, drone services were used in the logistics sector during the pandemic. These uses of drones have aided the market growth during the pandemic.

Surging Product Demand for Surveillance and Attack Operations Amid the Russia-Ukraine War Aided Market Expansion

The Russia-Ukraine war has propelled the usage of drones for military purposes as both countries are using them to monitor each other’s activities. This, in turn, boosted the demand for drones for reconnaissance and surveillance missions. For instance, in March 2023, the Ukraine government announced its plans of expanding its drone program for attacking enemy targets from longer distances. The government also announced that it is collaborating with more than 80 Ukraine-based drone manufacturers. However, drone services demand for commercial and civilian use decreased due to the ongoing war.

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Increasing Government Initiatives and Investments to Boost Market Proliferation

The rising government initiatives supporting drone technology are driving market proliferation. Governments are investing in drone technology for various purposes such as construction, agriculture, environmental monitoring, and so on. For example, in January 2022, the Agricultural Ministry of India announced a monetary grant program, Sub-Mission on Agricultural Mechanisation (SMAM), to facilitate the purchase of agricultural drones. Moreover, 'Drone Shakti' mission was announced in the Union Budget 2022 with the aim to promote drone-as-a-service and provide support to drone startups. Governments are also investing in drone technology to support their military and security operations. These government initiatives are attributing to drone services market growth in the forecast timeframe.

On the other hand, concerns regarding the safety of using drones in public places and stringent regulations by governments will pose as challenges for businesses operating in this domain.

Product Launches by Market Players to Drive Market Share

Leading players are making tactical moves such as partnerships, mergers and acquisitions, product launches, and collaborations to strengthen their positioning in the domain. These moves also help the companies in improving geographical reach and expanding customer base.

Notable Industry Development

• March 2023 – Zipline, a leading U.S. based drone manufacturer, launched the new fixed-wing Platform 2 (P2) drone with the final delivery droid. It is equipped with internal propellers, which allow it to position over and touch down on even the smallest of spaces available.

List of Key Companies Profiled in the Report:

•  Aerodyne Group (Malaysia)


• Terra Drone (Japan)


• AgEagle Aerial Systems Inc. (U.S.)


• Cyberhawk (U.K.)


• DroneDeploy (U.S.)


• Matternet (U.S.)


• PrecisionHawk (U.S.)


• Phoenix Drone Services LLC (U.S.)


• SenseFly (Switzerland)


• Sky Futures Ltd (U.K.)

Further Report Findings

• North America held majority of the drone services market share in 2022 due to the presence of leading OEMs and growing investments in the R&D of advanced drone technologies.


• As per application, the surveillance & inspection segment dominated the market in 2022 due to the surging demand for drones for surveillance and inspection operations in agriculture, mining, and oil and gas sectors. 


• According to end-use industry, the infrastructure segment captured the largest market share backed by the usage of drones in aerial mapping and surveying in the construction industry.

Table of Segmentation