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a year ago
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Sales of Drone Services Is Expected to Be Us$ 6,629.4 Mn in 2023

The global drone services market is expected to reach a valuation of US$ 6,629.4 million in 2023 and further expected to progress at a CAGR of 14.3% to reach US$ 25,231.1 million by the end of 2033.

The drone services market is segmented on the basis of end–user, application, and region. By end–user, the drone services market is categorized into agriculture, media & entertainment, infrastructure, construction, and others. Among these, the agriculture segment is projected to be the fastest–growing during the forecast period.

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This is due to the increasing focus of governments across the world to improve agricultural productivity, which is expected to increase the demand for drones for mapping and monitoring in the agriculture sector. Based on application, the drone services market is divided into surveying & mapping, inspection, security & surveillance, photography & videography, and others. The inspection segment is projected to account for the largest market share during the forecast period. This is due to the increasing use of drones for inspecting bridges

Competitive Landscape

Prominent drone service providers are the Aerodyne group, AgEagle Aerial Systems Inc., Agribotix LLC, Cyberhawk Inc., Drone Deploy Inc., Globhe Drones Ab, Identifies Technologies, Phoenix Drone, Services LLC, SenseFly Ltd., Sharper Shape, Sky features, Skylark Drone, Terra Drone Corporation, Unmanned Experts Inc., Zipline

Key players are focusing on increasing R&D investments, diversifying product portfolios of drone service solutions, and strategic acquisitions. These companies focus on business expansion strategies such as mergers and acquisitions, agreements, expanding product portfolios, and long-term contracts with multinational corporations.

Some of the key developments are :

  • In April 2021, Skyports and Kenya Airways had signed a Memorandum of Understanding (MoU) to begin permanent unmanned aerial vehicle (UAV) operations in Kenya. This collaboration aims to study the commercial effectiveness and feasibility of different use cases for logistics, inspection and medical drones.

Fact.MR has provided detailed information about the price points of key Service Providers of drone services positioned across regions, Deployment of services, production capacity, and speculative technological expansion, in the recently published report.

Key Companies

  • AgEagle Aerial Systems Inc.

  • Agribotix LLC

  • Cyberhawk Inc.

  • Drone Deploy Inc.

  • Globhe Drones Ab

  • Identifies Technologies

  • Phoenix Drone Services LLC

  • SenseFly Ltd.

  • Sharper Shape

  • Sky features

Segmentation of Drone Services Industry Research

  • By Product type :

    • Fixed Wing

    • Rotary Wing

    • Hybrid Wing

  • By Drone Type :

    • Commercial

    • Civil

    • Military

  • By Application :

    • Filming & Photography

    • Inspection & Maintenance

    • Mapping & Surveying

    • Precision Agriculture

    • Surveillance & Monitoring

    • Others

  • By End Use :

    • Agriculture & Forestry

    • Delivery & Logistics

    • Media & Entertainment

    • Construction & Mining

    • Oil & Gas

    • Security & Law Enforcement

    • Recreational Activity

    • Others

  • By Region :

    • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia & Oceania

    • Middle East and Africa (MEA)

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