Global Drone Service Market 2020-2025 - Kaman Corporation, Boeing, Airbus S.A.S, Bell Helicopter Textron Inc.

Drone Service Market
The research report on Drone Service market studies current trends, market financial overview and historical data evaluation based on research insights and market dynamics of Drone Service market. Global Drone Service market is thoroughly examined based on global market share, size and revenue projections, calculated by current market performance including drivers, trends, and challenges. The report also includes developments by important companies and manufacturers in the market.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Korea Aerospace Industries, Ltd
2) Hindustan Aeronautics Limited
3) Kaman Corporation
4) Boeing
5) Airbus S.A.S
6) Bell Helicopter Textron Inc.
7) Russian Helicopters
8) JSC
9) Leonardo
10) Lockheed Martin Corporation
11) BAE Systems

According to the predictions made in the latest report by Quince Market Insights, the Drone Service Market is projected to show high growth owing to the rising use of the Internet of things (IoT) in drones in past years. Increasing demand from end-use applications including mapping & surveying, aerial photography & remote sensing, data acquisition & analytics, and others are expected to propel the growth of the drone service market. This sector has witnessed a number of important developments from major companies including Hindustan Aeronautics Limited, Kaman Corporation, Boeing, Bell Helicopter Textron Inc., Russian Helicopters and others with an emphasis on both organic and inorganic expansion strategy. Emerging regions namely the Asia Pacific and the Middle East were among the high-potential, high-growth markets in some primary economies.

With the increasing demand for mapping and surveying, along with support of government rules and regulations, the use of drones around the globe has grown enormous. Developed nations such as the United Kingdom, the United States, Canada, and Germany have laid down rules and regulations for flying drones which have given a boost to the drone market. Further, in developing nations such as India, South Africa, and China the use of drones in the agricultural sector is rapidly increasing and is expected to propel the demand for Drone Service during the forecast period.

The segment of aerial photography and remote sensing applications is projected to increase during the forecast period to the highest CAGR. Demand for aerial photography has increased from the infrastructure, architecture, civil engineering, and oil & gas industries around the world.

Significant Developments:

o In May 2018, Sky-Futures Ltd. partnered with NATS, the UK to provide pilot training for the commercial drone. The company signed an agreement with Bureau Veritas in January 2018 to provide industrial inspection services in Europe via drones.
o In Feb 2018, Identified Technologies added some advanced features in its drone mapping service software like haul road analysis and slope maps to improve the Drone Service offered to industries such as mining and infrastructure.

Important Factors Impacting Market Growth:

o Growth in use of drones for its application in various industries
o Customization of drones as per the end-use sector
o Rising use of Internet of things (IoT) in drones
o Supporting government regulations regarding the adoption of drones across the world

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Regional Analysis:

The adoption of Drone Service in different industrial areas in North America in 2018 and the rising use of technologically-advanced drones are developing a favorable environment for drone service providers in the region. Also, the recently developed integration of sensor technology into Drone Service, robust tech-driven developments like drone software powered by Artificial Intelligence and data interpretation from IoT (Internet of Things) sensors are also likely to be included.

The Asia Pacific is expected to be the fastest-growing region with rising expenditure on space research and defense. With the presence of some of the fastest-growing countries including India and China, this region is expected to be a major market for the drone service market. South Korea, Japan, and Australia are also significant countries in the region. The Middle East region promises a high potential demand for the drone service market. The region's major countries include the UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is a trending market for the drone service market with demand from economies including Argentina, South Africa, Brazil, Nigeria, and others over the forecast period.

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
o By Country (US, Canada, Mexico)
o By Type
o By Service Duration Type
o By Application
o By Industrial Vertical

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

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

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

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

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

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109, Chaurang SmitShilp, Hadapsar,
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
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This release was published on openPR.