Global Drone Service Market SWOT Analysis to 2027 - Leading Players Aerodyne Group, Sky Futures, Terra Drone Corporation, Measure, SkySpecs, Airinov, Zipline, Drone Volt

Drone Service market is experiencing a high growth throughout the globe, driven by growth in real estate/infrastructure, agriculture, media & entertainment, industrial, law enforcement, and other industries. Moreover, increasing adoption of drone-based solutions in the agriculture sector and media industry is constantly driving the market. In addition to this, the e-commerce industry has matured immensely over the years in the developed economies as well as the developing nations. The primary driver for the e-commerce industry is that the customers can purchase from and receive the goods at the most convenient location. Owing to this the entire e-commerce market is gaining a great deal of attraction. These factors are anticipated to drive the drone service market during the forecast period.

Global drone service market is expected to grow from US$ 629.2 Mn in 2018 to US$ 24,882.2 Mn by 2027 at a CAGR of 51.1% between 2019 and 2027.

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The drone service market is growing in the region owing to the participation in technology forums by the service providers; acquisitions of companies for further enhancement of drone services in North America. Europe and the Asia Pacific trails North America in terms of drone service adoption and competes closely during the forecast period. However, Asia Pacific is anticipated to grow at a prime rate during the forecast period. Some of the key players operating in the drone service market include Cyberhawk Innovations Limited, Aerodyne Group, Sky Futures, Terra Drone Corporation, Measure, SkySpecs, Airinov, Zipline, Drone Volt, and Flirtey, among others.

Moreover, the drone service providers opt for rotary wing drones attributing to the benefit that these drones are easier to transport from one place to another. The designs of these drones help the user or the operator to fold and pack into a smaller unit, which has attracted several drone service providers. The result of this is the increasing market size of drone service through rotary wing drones. Further, accounting to the compact size of the product as compared to fixed- wing drones, the rotary wing drones are less expensive. Coupling the lower price of the drones with a higher return on investment, the services providers tend to purchase these drones and offer their customers with rotary wings UAVs. These are the primary factor that has boosted the rotary wing drones in the drone service market in the past few years, and the same is expected to accentuate the demand in the coming years.

The global market for drone service is segmented on various parameters such as drone types, services, industries, and geography. Based on drone type, rotary wing drone segment dominates the market , and the same is expected to retain its dominance throughout the forecast period from 2019 - 2027. However, the hybrid drone segment is anticipated to escalate at a faster rate over the years. On the basis of service, the delivery segment is expected to witness significant growth rate in the coming years, owing to the gradual simplification of rules and regulation set by the governing authorities in different regions. Drone service market operates in an extremely fragmented industry with the massive number of smaller players capturing the market. Key players operating in the market are introducing attractive services and solution which is helping the companies to gain customer traction.

Global Drone Service Market - By Drone Type
Fixed Wing Drone
Rotary Wing Drone
Hybrid Drone

Global Drone Service Market - By Service
Surveying, Mapping and Inspection
Delivery
Aerial Photography
Others

Global Drone Service Market - By Industry
Real Estate/Infrastructure
Media & Entertainment
Agriculture
Industrial
Law Enforcement
Others

Global Drone Service Market - By Geography

North America
U.S.
Canada
Mexico

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