Rising Demand for Drone Rentals Market 2022 Focusing on Leading Players with Financial Insights, Business Growth Strategies are Thriving Worldwide forecast 2028

Drone rental is a great way to start learning how to fly a drone. There are a number of benefits to renting a drone. First of all, it saves money. There is no shipping cost, and it will help learners avoid the aftermath of dealing with a damaged or broken drone. Furthermore, users can enjoy the freedom of flying over a large area, and they won't have to worry about worrying about crashing or damaging it since most of these drones have insurance coverage. Drone rentals are not for the amateur, but they can prove to be a great investment. A drone can be a powerful tool for photography, filmmaking, and other purposes. Many users have been pleased with the quality of videos captured by these drones. In addition to video and photo shooting, drone rental services also provide aerial services and training.

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Competitive Landscape

Major companies contributing to the global drone rentals market include Blue Skies, The Lens Depot, CameraLens Rentals, Dronepal 2.0, Lensrentals, Fat Llama, Maverick Drone Systems, Heliguy

Drivers

Rapid commercialization of drones across defense, entertainment, and disaster management operations is expected to propel the growth of the global drone rentals market over the forecast period. For instance, in August 2021, Ondas Holdings bought American Robotics, a commercial drone manufacturing firm, to use its beyond-visual-line-of-sight (BVLOS) technology in the construction sector.

By Product Type, the Market is Primarily Segmented into:

Aerial Pan Shot, Tracking Shot, Pedestal Shot, Flyover Shot, Reveal Shot

By Applications, the Market is Segmented into:

Adventures, Agricultural, Cinematography, Construction, Energy, First Responders, Inspection, Photography, Research & Education, Search and Rescue, Mapping - Surveying, Services

Moreover, wider acceptance across the healthcare sector to deliver drugs and vaccines at remote locations is expected to supplement growth in the global drone rentals market during the forecast period.

Restraints

The lack of insurance coverage providers for unmanned aerial vehicles (UAVs) is expected to limit the growth of the global drone rentals market.

Opportunities

The imposition of favorable regulations by the government on aerial delivery drones is expected to provide lucrative growth opportunities for players in the global drone rentals market.

Regional Analysis

North America is expected to experience robust growth over the forecast period in the global drone rentals market. Early adoption across the military sector for border surveillance, the presence of major market participants, and the commercialization of these drones in the residential space are driving the growth of the drone rentals market in this region.

The Asia Pacific region is expected to witness significant growth during the forecast period in the global drone rentals market. The booming ecommerce and retail sectors, high adoption in urban areas, and a robust start-up ecosystem are propelling the growth of the drone rentals market in this region.

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Key Developments

In March 2022, Flybotix launched ASIO 2.0, a drone inspection software developed to measure distances in GPS-denied environments using advanced features such as 3D map generation and synchronization.

In June 2021, Skyfish, a U.S.-based drone making firm, secured an investment of US$ 20 million in a Series Seed funding round led by Bayshore Capital and SBA Communications.

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