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Drone Service Market by Type (Drone Platform Services, Drone Maintenance, Repair, and Overhaul (MRO) Services, Drone Training & Education Services), Duration of Service (Short Duration Services and Long Duration Services), Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics, Mapping & Surveying, Modelling, Disaster Risk Management & Mitigation, Inspection & Environmental Monitoring, and Others), Industry (Infrastructure, Agriculture, Logistics, Media & Entertainment, Oil & Gas, Utility & Power, Security, Search & Rescue, Mining, Scientific Research, Insurance, and Others), Solution (Enterprise and Point): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A08531 | Pages: NA | Feb 2021 | 187 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
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Drones are the unmanned aerial flying vehicles which can work autonomously or can be operated remotely by using software-controlled flight plans embedded in their system. Drones are small in size and able to fly in remote locations which can be hazardous to human life. Earlier, drones use was limited to military purposes, however, further developments in drones have evolved its use in commercial platforms such as surveying construction, professional videography, traffic management, and more. Drones provide safe & low-cost alternative to manned aircrafts. Therefore, drones are providing solutions in various industrial sectors in terms of applications, sensors, and software. At present, drone service market providers are focusing on customizing or building drones in large range which can fulfilled customer’s requirements. For instance, drones can be equipped with range of cameras & sensors as per their specific use.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered | Type, Duration of Service, Application, Industry, Solution, and Region |
 Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
 Companies covered | Edall Systems, PrecisionHawk, CYBERHAWK, Sky Futures, senseFly, Terra Drone Corp., Phoenix Drone Services LLC, DroneDeploy, AERODYNE GROUP, and Unmanned Experts Inc. |
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COVID-19 Scenario analysis:
- Due to COVID-19 situation, the research & development in drone companies across the globe has been hampered due to the declared lockdowns and government restrictions on public gatherings.
- Production rate of industry specific drone making companies have been affected adversely due to COVID-19 situation.Â
- Demand in the food delivery services has went down due to the restrictions imposed, which has also affected drone service market.
- Supply chain of drone spare parts has also been negatively impacted as travel restrictions were imposed in order to curb the transmission of virus.
- Post COVID-19, the drone services market can witness a significant growth as imposed restrictions have started loosening up.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Increasing adoption of drones for its applications in various industries, development of industry specific solutions, and technological advancements in drones are some of the major factors which drive the growth of drone services market. However, lack of skilled & trained operators and safety concerns during drone operations restrain the growth of drone service market. On the contrary, growing use of internet of things (IoT) applications in drones can further contribute in the growth of the global drone services market.
Development of industry specific solutions
Drones are providing services in several industries. For instance, drones are being used in data analytics, 3D mapping services, and monitoring sites in the infrastructure industry. Further, drones are being used in providing online deliveries in the logistics, and similarly, in agriculture sector, drones are used for crop monitoring, inspection, pesticide spraying etc. Hence, drones are performing variety of tasks and are customized according to the requirement of the respective industry, and thereby driving the growth of the global drone services market.
Key segments covered:
Segments | Sub-segments |
 Type |
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 Duration of Service |
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 Application |
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 Industry |
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 Solution |
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Key benefits of the report:
- This study presents the analytical depiction of the global drone service industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global drone service market share.
- The current market is quantitatively analysed from 2020 to 2027 to highlight the global drone service market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed global drone service market analysis based on competitive intensity and how the competition will take shape in coming years.Â
Questions answered in the drone service market research report:
- Which are the leading market players active in the global drone service market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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