Drone Servicing/Repair Market Growth Analysis, Trends, Share, Market Size And Forecast To 2033

The new report published by The Business Research Company, titled ""Drone Servicing/Repair Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the drone servicing/repair market size has grown exponentially in recent years. It will grow from $19.78 billion in 2023 to $29.81 billion in 2024 at a compound annual growth rate (CAGR) of 50.7%. The drone servicing/repair market size is expected to see exponential growth in the next few years. It will grow to $154.22 billion in 2028 at a compound annual growth rate (CAGR) of 50.8%.

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Precise Agriculture Drives Demand For Drone Servicing And Repair Services
The growing adoption of precision agriculture practices is expected to drive the growth of the drone servicing or repair market in the coming years. Precision farming is a farming management approach that emphasizes the use of contemporary technology at all stages of the process. Precision farming technologies enable the identification of heterogeneous zones as well as the management of the variability that comes with a varied field. Drones are becoming more significant in precision farming, allowing farmers to lead the way in environmentally friendly farming practices while also safeguarding and growing profits. For instance, precision agricultural techniques, which can aid farmers in making better decisions, have advanced greatly in recent years, with the global industry expected to reach $43.4 billion by 2025. Therefore, the growing adoption of precision agriculture practices propels the growth of the drone servicing or repair market.

Technological Advancements Reshape The Drone Servicing And Repair Landscape
The growing technological advancements are an emerging trend in the drone servicing or repair market. Major companies operating in the drone servicing or repair sector are focused on developing technological solutions for drone services to strengthen their position. For instance, in August 2021, Qualcomm Technologies Inc., a US-based provider digital wireless telecommunication products and service, unveiled Qualcomm Flight RB5 5G Platform, the world's first drone platform and reference design with 5G and AI functionality. Based on Qualcomm Technologies' latest IoT offerings, the Qualcomm Flight RB5 5G Platform delivers high-performance, low-power, 5G drones powered by Qualcomm QRB5165 processors. A broad range of sectors are supported by the Qualcomm Flight RB5 5G Platform, including film and entertainment, security, emergency response, delivery, defense, inspection, and mapping.

The drone servicing/repair market covered in this report is segmented -

1) By Type: Drone Platform Service, MRO, Training And Education
2) By Duration of Service: Short Duration Service, Long Duration Service
3) By Solution: Enterprise Solutions, Point Solutions
4) By Application: Aerial Photography And Remote Sensing, Data Acquisition and Analytics, Mapping And Surveying, 3D Modeling, Inspection And Environmental Monitoring, Other Applications
5) By End Use Industry: Oil And Gas, Agriculture, Logistics, Media And Entertainment, Utility And Power, Other End Use Industries

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Major companies operating in the drone servicing/repair market report are Airware Inc., Cyberhawk Innovations Ltd., Terra Drone Corporation, Sky-Futures Ltd., Prioria Robotics Holdings Inc., Sharper Shape Inc., Sensefly Ltd., Phoenix Drone Flying LLP, Dronedeploy Inc., Unmanned Experts Inc., Identified Technologies Corp., The Sky Guys Ltd., Skylark Drones Private Limited, Edall Systems, Drone Nerds Inc., Robotic Skies Inc., Dà-Jiāng Innovations Science and Technology Co. Ltd., Parrot SA, Yuneec International Co. Ltd., Autel Robotics Co. Ltd., PowerVision Technology Group, Walkera Technology Co. Ltd., Hubsan Technology Company Limited, Blade Urban Air Mobility Inc., Holy Stone Holdings Co. Ltd., Guangdong Syma Model Aircraft Industrial Co. Ltd., Shantou Chenghai JJRC Toy Factory, Potensic Technology Co. Limited, Force1RC LLC, Altair Aerial LLC

Contents of the report:
1. Executive Summary
2. Drone Servicing/Repair Market Report Structure
3. Drone Servicing/Repair Market Trends And Strategies
4. Drone Servicing/Repair Market - Macro Economic Scenario
5. Drone Servicing/Repair Market Size And Growth
…..
27. Drone Servicing/Repair Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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