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The global Drone Services market size is expected to attain a market size of $14.1 billion by 2022, growing at a CAGR of 64.9% during the forecast period.
A drone is more commonly known as unmanned aerial vehicles (UAVs) or unmanned aircraft systems (UASes). A drone is a flying robot that is remotely controlled or flown autonomously and works in conjunction with onboard sensors and GPS systems. The integration of drones and internet of things technology has opened new arenas for businesses to explore and expand. Drones working with on-ground IoT sensor networks have found to be very helpful for agricultural companies as they could monitor land and crops effectively, and remotely. Energy based companies could easily survey power lines and operational equipment without the need for physical verification. Insurance companies could easily monitor properties for claims andor policies remotely and have firsthand information of claims. From logistics to agriculture to security, drones and IoT have been the major focus for discussion; offering seamless connectivity and interactivity.
Based on the type, the Drone Services market is segmented into Fixed Wing Drone and Multirotor Drone. The Applications highlighted in this report include Aerial Photography & Remote Sensing, Data Acquisition & Analytics, 3D Modeling, Disaster Risk Management & Mitigation, Inspection & Environmental Monitoring, Product Delivery and Others. Based on Duration of Service, the market is segmented into Long Duration and Short Duration Services. The verticals covered under the report include Infrastructure & Utilities, Security, Search & Rescue, Agriculture, Media & Entertainment, Logistics, Oil & Gas, Scientific Research, Mining and Others.
Based on region, Drone Services market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. North America remained the dominant region in the global Drone Services market in 2015. Asia-Pacific would witness promising CAGR during the forecast period (2016-2022). The report covers the analysis of key stake holders of the Drone Services market. Key companies profiled in the report include Airware, Inc., Aerobo, Cyberhawk Innovations Ltd. Sky-Futures Ltd., Sensefly Ltd., Unmanned Experts, Inc., Sharper Shape, Inc. and Dronedeploy Inc.