Report Code : A08531
By type, the drone platform services segment dominated the global reverse logistics market in 2020, in terms of revenue, and is expected to lead the market throughout the forecast period. By duration of service, the long-duration services segment is anticipated to show a lucrative growth during the forecast period. By application, the aerial photography and remote sensing application segment is expected to grow at the highest CAGR during the forecast period. By solution, the enterprise segment of the drone services market is expected to grow at the highest CAGR during the forecast period. At present, North America is the highest revenue contributor, followed by Europe.
Mayank Halmare
Lead Analyst, Aerospace and Defense at Allied Market Research
According to a recent report published by Allied Market Research, titled, “Drone Service Market by Type, Duration of Service, Application, and Solution: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global drone service market was valued at $4,215.8 Million in 2020, and is projected to reach $128,185.3 Million by 2030, registering a CAGR of 40.7% from 2021 to 2030.
In terms of revenue, North America leads the market, followed by Europe, Asia-Pacific, and LAMEA. The rise in adoption of drone service in construction, energy & power, logistics, and other industries fosters the growth of drone service in North America. U.S. dominated the global drone service market share in 2020 and is expected to grow at a significant rate during the forecast period. Drone services are increasingly being used to expedite logistics and surveillance services in major North American economies.
Drone services are being used on construction sites to inspect and monitor the progress of the work. By type, the drone service market is categorized into drone platform services, drone maintenance, repair, and overhaul (MRO) services, and drone training & education services. The drone platform services segment accounted for the highest revenue in 2020, owing to the drone technology advancements and increased development of advanced drones for agriculture, construction management, search & rescue, forestry, real estate, fire, and emergency services. Increased demand in defence, energy & power, homeland security, and other industries for unmanned platforms that provide residential and commercial real-estate photography, construction site monitoring, drone inspection services, orthomosaic & aerial survey, data capture & analysis services, and drone 3D modelling foster the growth of the drone platform services segment.
By solution, the drone service market is segregated into enterprise and point. In 2020, the enterprise segment dominated the solution segment, owing to rise in popularity of drone services as more technologically advanced airborne platforms, such as unmanned aerial vehicles (UAVs), are being integrated into numerous businesses. The adoption of drones by enterprise solution providers has expanded to fully exploit the potential of the expanding global need for end-to-end modernization solutions by industries such as construction, inspection, and public safety.
The surge in demand for time-efficient delivery service, increase in demand for industry-specific solutions, and high demand for autonomous security and surveillance systems are expected to drive the global drone service market growth during the forecast period. However, cybersecurity issues associated with drones and limited operational bandwidth for drones is anticipated to hamper the growth of the market during the forecast period. Moreover, revamped government regulatory framework and technological advancement in drones is expected to offer lucrative opportunities for the market in the future.
COVID-19 Impact Analysis
Key Findings Of The Study
Key players operating in the global drone service market include Aerodyne Group, Cyberhawk, DroneDeploy, Edall Systems, Phoenix Drone Services LLC, PrecisionHawk, senseFly, Sharper Shape, Terra Drone Corporation, and Unmanned Experts Inc.
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Drone Service Market by Type (Drone Platform Services, Drone Maintenance, Repair, and Overhaul (MRO) Services, and Drone Training & Education Services), Duration of Service (Short-Duration Services and Long-Duration Services), Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics, Mapping & Surveying, Modelling, Disaster Risk Management & Mitigation, Inspection & Environmental Monitoring, and Others), and Solution (Enterprise and Point): Global Opportunity Analysis and Industry Forecast, 2021–2030
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