In the recent time, several companies worldwide are offering third-party services to different industries for catering to their needs for aerial photography or surveillance or delivery. The number of third drone service providers are increasing rapidly year on year, attributing to the significant demand generated from the end users, which is helping the market for drone service to propel over the years. The drone service market is fragmented as the industry is heavily captured by many small and medium scaled players in different geographies. The market players continuously investing significant amounts to deliver advanced and best quality drone services to their clients. From the industrial point of view; real estate, law enforcement, and agriculture are the most prominent serviceable sectors in drone service market globally. The drone service market in the current scenario is progressing substantially, as the governments of several countries are simplifying the laws and regulations for drone services, which is raising the number of drone operating companies.
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The drone service market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. The most prominent region in global drone service market accounted for North America in 2017. The dominance of the area is majorly attributed to the presence of large numbers of third party service providers. The demand for drone service in the US is continually rising as the number of end users is increasing in different sectors. Canada on the other hand is expected to create tremendous demand for drone services, as the real estate sector is booming in the country and the adoption of advanced technology services is escalating in the current scenario.
Drone service providers help the real estate market players with surveying, inspection, and mapping of various parameters, which is expected to soar the demand for drone services in Canada. The agriculture industry in Canada which is experiencing skilled labor shortage in the current times, and several agricultural firms and individual farmers securing their farms by deploying drones for inspection, spraying, cropping and other processes from third-party service providers. This factor is foreseen to create a significant market space for drone service providers in Canada, thereby, driving the global drone service market during the forecast period 2019 – 2027. The fastest growing region in global drone service market during the forecast period is estimated to be the Asia Pacific, owing to the significant quest for the adoption of newer technologies among several countries such as China, Singapore, and Australia among others.
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The major players operating in the market for drone services include Terra Drone Corporation, CyberHawk Innovations Limited, Drone Volt, Zipline, Aerodyne Group, Airinov, Sky Future, SkySpecs, Measure and Flirtey among others. Some of the other prominent market participants are Sharper Shape, Martek Aviation, Azur Drones, Texo Drone Services, Australian UAV, Phoenix Drone Services LLC, Falcon Drone Services, and The Sky Guys among others.
The report segments the global Drone Service market as follows:
Global Drone Service Market – By Drone Type
Fixed Wing Drone
Rotary Wing Drone
Global Drone Service Market – By Service
Surveying, Mapping and Inspection
Global Drone Service Market – By Industry
Media & Entertainment
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