With 40.7% CAGR Drone Service Market Expected to Reach USD 128.18 Billion by 2030

global drone service market size is projected to reach $128,185.3 Million by 2030, registering a CAGR of 40.7%

PORTLAND, OREGON, UNITED STATES, November 2, 2023 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global drone service market size generated $4.21 billion in 2020, and is estimated to generate $128.18 billion by 2030, registering a CAGR of 40.7% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, key segments, value chain, top investment pockets, regional scenario, and competitive landscape.

𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚:- https://www.alliedmarketresearch.com/request-sample/8896

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

Growth in demand for time efficient delivery service, surge in demand for industry specific solutions, and growth in implementation of autonomous security and surveillance systems drive the growth of the global drone service industry. However, cybersecurity issues related to drones and limitation with operational bandwidth of drones hamper the market growth. On the other hand, revamped government regulatory framework and technological advancement in drones are expected to create new opportunities in the coming years.

Drone services are being used on construction sites to inspect and monitor the progress of the work. By type, the drone service market is categorized into drone platform services, drone maintenance, repair, and overhaul (MRO) services, and drone training & education services. The drone platform services segment accounted for the highest revenue in 2020, owing to the drone technology advancements and increased development of advanced drones for agriculture, construction management, search & rescue, forestry, real estate, fire, and emergency services.

Increased demand in defence, energy & power, homeland security, and other industries for unmanned platforms that provide residential and commercial real-estate photography, construction site monitoring, drone inspection services, orthomosaic & aerial survey, data capture & analysis services, and drone 3D modelling foster the growth of the drone platform services segment.

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩:- https://www.alliedmarketresearch.com/drone-service-market/purchase-options

Based on type, the drone platform services segment accounted for the highest market share, holding nearly three-fourths of the total share in 2020 and is expected to continue its leadership status during the forecast period. However, the drone maintenance repair and overhaul services segment is estimated to witness the highest CAGR of 43.6% from 2021 to 2030.

Based on duration of services, the short duration services segment contributed to the largest share in 2020, accounting for nearly three-fifths of the global drone service market, and is projected to continue its lead position during the forecast period. However, the long duration services segment is expected to grow at the highest CAGR of 42.4% from 2021 to 2030.

𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

Aerodyne Group
Cyberhawk
DroneDeploy
Edall Systems
Phoenix Drone Services LLC
PrecisionHawk
senseFly
Sharper Shape
Terra Drone Corporation
Unmanned Experts Inc.

Based on region, North America held the largest market share in 2020, contributing to more than one-third of the total share, and is expected to maintain its dominance in terms of revenue by 2030. However, Asia-Pacific is projected to manifest the fastest CAGR of 42.9% during the forecast period.

𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗥𝗲𝘃𝗶𝗲𝘄

By type, the drone platform services segment dominated the global reverse logistics market in 2020, in terms of revenue, and is expected to lead the market throughout the forecast period. By duration of service, the long-duration services segment is anticipated to show a lucrative growth during the forecast period. By application, the aerial photography and remote sensing application segment is expected to grow at the highest CAGR during the forecast period.

By solution, the enterprise segment of the drone services market is expected to grow at the highest CAGR during the forecast period. At present, North America is the highest revenue contributor, followed by Europe.

𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮: - https://www.alliedmarketresearch.com/purchase-enquiry/8896

Covid-19 Scenario:

Governments & local authorities opted the usage of drones for surveillance purposes to prevent people from gathering. Also, government bodies have entered into numerous agreements with different companies for the supply of drones, for further surveillance on a wider locations.
Furthermore, the nationwide lockdown enforced the suspension of manufacturing of drones, which impacted the market revenue.
Along with this, authorities are using drones for surveillance, messages and information broadcasting regarding lockdown measures.
The report provides detailed segmentation of the global drone service market share based on type, duration of service, application, and solution.

Leading players of the global drone service market analyzed in the research include Aerodyne Group, Cyberhawk, DroneDeploy, Edall Systems, Phoenix Drone Services LLC, PrecisionHawk, senseFly, Sharper Shape, Terra Drone Corporation, and Unmanned Experts Inc.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐎𝐧 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

Drone Package Delivery Market - https://www.alliedmarketresearch.com/drone-package-delivery-market-A07127
Long-Range Drone Package Delivery Market - https://www.alliedmarketresearch.com/long-range-drone-package-delivery-market-A09331
Drone logistics Market - https://www.alliedmarketresearch.com/drone-logistics-market-A10272

David Correa
Allied Analytics LLP
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