Market Dynamics:

The Drone Service Market is expected to promise high growth owing to the increasing use of the Internet of things (IoT) in drones in recent years. Increasing demand from applications including Aerial Photography & Remote Sensing, Mapping & Surveying, Data Acquisition & Analytics, and others are expected to drive the growth of the drone service market. This market has witnessed a number of key developments by major companies including Hindustan Aeronautics Limited, Kaman Corporation, Boeing, Bell Helicopter Textron Inc., Russian Helicopters, and others with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

With the increasing demand for mapping and surveying, along with the support of government laws and regulations, the use of drones across the globe has increased tremendously. Developed economies such as the UK, the US, Canada, Germany have laid down rules and regulations in favor of flying drones, which have given the drone service, market a boost. Furthermore, in developing nations such as India, South Africa, China, etc., the use of drones in the agricultural sector is increasing rapidly and is expected to drive the demand for drone services during the forecast period.

Key Factors Impacting Market Growth:

• Increase in use of drones application in various industries
• Customization of drones as per end-use industry
• Increasing use of Internet of things (IoT) in drones
• Supporting government regulations regarding the adoption of drones across the globe

Regional Analysis:

The Drone Service Market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for drone service market during the forecast period. Major countries in these regions include US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. 

The Asia Pacific is estimated to be the fastest growing region with increasing expenditure on defense and space research. With presence of some of fastest growing economies including India and China, this region is projected to be a major market for the drone service market during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for the drone service market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for the drone service market with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered: Hindustan Aeronautics Limited, Kaman Corporation, Boeing, Bell Helicopter Textron Inc., Russian Helicopters, JSC, Leonardo, Lockheed Martin Corporation, BAE Systems, Airbus S.A.S, and Korea Aerospace Industries, Ltd…

Market Segmentation:

By Type:

• Rotary Wing
• Fixed Wing
• Hybrid

By Service Duration Type:

• Short
• Long

By Application:

• Aerial Photography & Remote Sensing
• Mapping & Surveying
• Data Acquisition & Analytics
• Product Delivery
• Inspection & Environmental Monitoring
• 3D Modeling

By Industrial Vertical:

• Scientific Research
• Logistics
• Media & Entertainment
• Infrastructure
• Mining
• Oil & Gas
• Agriculture
• Insurance
• Security
• Search & Rescue
• Utility & Power

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Type
  • By Service Duration Type
  • By Application
  • By Industrial Vertical

• Eastern Europe
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Type
  • By Service Duration Type
  • By Application
  • By Industrial Vertical

• Western Europe
  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Type
  • By Service Duration Type
  • By Application
  • By Industrial Vertical

• Asia Pacific
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Type
  • By Service Duration Type
  • By Application
  • By Industrial Vertical

• Middle East
  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Type
  • By Service Duration Type
  • By Application
  • By Industrial Vertical

• Rest of the World
  • By Region (South America, Africa)
  • By Type
  • By Service Duration Type
  • By Application
  • By Industrial Vertical

Reasons To Buy This Report:

• Market size estimation of the drone service market on regional and global basis
• Unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

For more information, contact: [email protected]