Demand for Drone Maintenance Services Is Expected To Increase at a CAGR of 27.5% by 2033

The global drone maintenance market is expected to secure a valuation of US$ 72.7 million in 2023. During the forecast period of 2023-2033, demand for drone maintenance services is expected to increase at a CAGR of 27.5% and reach a market size of US$ 825.0 million by the end of 2033.

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Drone utility is witnessed in every industry vertical which has lured the global production of drones. It is projected that after every 10 flights or 2 weeks drones required maintenance services. Owing to this factor, it is expected that global production of the drone will subsequently escalate the drone maintenance service worldwide.

The global rise in drone production and adoption from different end-use industries has substantially escalated the demand for drone maintenance service providers. People are getting more aware of the routine maintenance of drones to gain greater work efficiency. A business using drones is projected to witness substantial growth in operating profit, therefore, demand for drone maintenance services is projected to be exceptionally high in the forthcoming period.

Drone Maintenance Market: Key Findings

• Inspection & monitoring, aerial photography, spraying & seeding, transport & delivery, and mapping & surveying are some of the key services available in the global drone services market. The concept of drone photography is being increasingly adopted in the recent years as it offers superior quality photo and video from all angles. In addition, aerial photography can deliver an exclusive panoramic view of an object, subject, or area. Moreover, the popularity of the real estate drone photography is being rising as the image in such type of photography highlights the key focal point, including a house for sale or physical location of a business and the surrounding area.

• In the agriculture industry, drones are being used owing to their different advantages in comparison to other forms of data collection, including satellites and other airborne instruments. Moreover, drones are gaining traction among farmers as these devices help in crop monitoring and spraying, field surveillance, and aerial photography. This aside, such services offer real-time images of crops, which are useful for different purposes including disease outbreak monitoring, water usage efficiency, and pest control. In addition, drone analytics is being applied in order to understand and interpret gathered information including temperature, soil moisture, precipitation, and wind speed. Hence, rising utilization of aerial services in the agricultural sector is fueling the business opportunities in the drone services market.

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Competitive Landscape

The business environment in the drone maintenance market is significantly competitive with the introduction of various new market players in the industry. These players are taking strategic moves regarding service launches and mergers & acquisitions to enhance their market presence. For instance,

• In September 2022, DJI, China's leading drone manufacturer appointed dronetech startup Aonic as the first authorized service centre in Malaysia of DJI's enterprises.

Key Companies Profiled:

• AerialMediaPros
• Aerialpixels
• BRAAMD
• Camzilla
• Candrone
• COPTRZ
• D1 Store
• DDS dronerepair
• DJI
• Donecle
• Drone Nerds
• Drone Works Ireland
• Drone Worx
• Dronefly
• DroneXperts
• DSLRPros
• Expert Drones

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Key Segments:

• By Drone Type:

o Multi-Rotor
o Fixed Wing

• By Service:

o Hardware
o Software

• By Region:

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o Middle East & Africa

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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This release was published on openPR.