Analysts at GMI Research estimates that the Drone Service Market was worth USD 12.1 billion in 2021, and forecast to touch USD 56.0 billion in 2029, growing at a significant higher CAGR of 21.1% from 2022-2029.

Introduction of the Drone Service Market Report

Drone service are referred as unmanned aerial vehicle services, flown with services built using software-controlled flight planes for industries such as construction, agriculture, package delivery, media and entertainment among others.

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Market Dynamic

Key Drivers and Emerging Trends

Rising technological advancements in the autonomous unmanned aerial services has evolved the scenario of the last mile delivery of the products. The use of drones for delivery, and other service could substantially reduce the labour cost for the company. This mode of service has the potential to disrupt the delivery industry over the period. E-commerce and delivery companies such as Amazon have already filed up the patents for the development of multi-level of fulfilment centres for unmanned aerial vehicles. In addition, rise in the inclination of UAVs in agriculture sector is another factor that has substantially contributed to the growth of the market. For instance, drones in agriculture are used for crop monitoring, assessment of crop health, analyses of soil and fields etc. which is expected to surge the growth of the market. Strategic initiatives by the organizations, such as in 2017, the partnership between World Food Programme and Belgian government to deploy the drones for agricultural purpose will further contribute market growth

In addition, rising demand of drones for aerial photography coupled with 3D scanning in building modelling are the factors that are likely to surge the demand of the service over the period. Aerial videography and photography are used for architectural research, property advertising and others which have helped the drone service market in gaining the momentum.

Restraint in the Drone Service Market

However, rising safety concerns is the major factor has is expected to restrict the market growth over the forecast period.

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Type – Segment Analysis

Based on the type, rotary-wing is expected to grow at a higher CAGR in the market. This is due to the strong demand of the rotary-wings in the commercial sector, due to the designing benefits in applications like transportation, delivery, etc. Rise in the environmental concern has led to the strong demand of drones for environmental monitoring, which has paced the growth of the market.

End-Use Industry – Segment Analysis

Based on the end-use industry, agriculture is anticipated to grow at a higher CAGR.  This is due to the rising demand of drone services in economies like U.S., China and India which are largest producers of grains, pulses, rice etc., for which drones are required for spraying, monitoring and other purpose, leading to the growth of the market by the agriculture sector.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the global drone services market over the forecast period. According to U.S. presidents’ budget 2018, U.S. military is spending US$6.97 billion for drone related research and development, procurement, and system-specific construction, which is expected to drive the global drone services market. In addition, due to the presence of the key players in the market like Zipline, Flirtey, MEASURE etc. have further contributed to the growth of the market.

Top Market Players

Some of the key players operating in the market, include, Aerodyne Group, CYBERHAWK, Flirtey, Hemav Technology S.L, Matternet, MEASURE, Skylark Drones, Terra Drone Corp., Verity, Zipline, among others. 

Key Developments:

• • In 2019, CYBERHAWK acquired Florida Pest Control, a pest management business. Through this acquisition, the company planned to build customer density and to increase its market presence in the North America region.

Segments covered in the Report:

The global drone service market has been segmented on the basis of type, application, end-use industry, and regions. Based on type, the market is segmented into fixed-wing and rotary wing. Based on application, the market is segmented into aerial photography, delivery & pick-up, surveillance and inspection, data acquisition and analytics, remote sensing and environment monitoring, others. Based on end-use industry, the market is segmented into agriculture, homeland security, oil & gas, logistics infrastructure, media and entertainment and others. 

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Key questions answered in this research report:

• • At what pace is global drone service market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in drone service market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global drone service market?
  • Which type generated maximum revenues in 2022 and identify the most promising type during the forecast period?
  • What are the various application areas of global drone service market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 12.1 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Type, By Application, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Aerodyne Group, CYBERHAWK, Flirtey, Hemav Technology S.L, Matternet, MEASURE, Skylark Drones, Terra Drone Corp., Verity, Zipline, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Drone Service Market by Type

• • Fixed-Wing
  • Rotary Wing

Global Drone Service Market by Application

• • Aerial Photography
  • Delivery & Pick-Up
  • Surveillance and Inspection
  • Data Acquisition and Analytics
  • Remote Sensing and Environment Monitoring
  • Others

Global Drone Service Market by End-Use Industry

• • Agriculture
  • Homeland Security
  • Oil & Gas
  • Logistics Infrastructure
  • Media and Entertainment
  • Others

Global Drone Service Market by Region

• • North America Drone Service Market (Option 1: As a part of the free 25% customization)
    • North America Drone Service Market by Type
    • North America Drone Service Market by Application
    • North America Drone Service Market by End-Use Industry
    • US Drone Service Market All-Up
    • Canada Drone Service Market All-Up
  • Europe Drone Service Market (Option 2: As a part of the free 25% customization)
    • Europe Drone Service Market by Type
    • Europe Drone Service Market by Application
    • Europe Drone Service Market by End-Use Industry
    • UK Drone Service Market All-Up
    • Germany Drone Service Market All-Up
    • France Drone Service Market All-Up
    • Spain Drone Service Market All-Up
    • Rest of Europe Drone Service Market All-Up
  • Asia-Pacific Drone Service Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Drone Service Market by Type
    • Asia-Pacific Drone Service Market by Application
    • Asia-Pacific Drone Service Market by End-Use Industry
    • China Drone Service Market All-Up
    • India Drone Service Market All-Up
    • Japan Drone Service Market All-Up
    • Rest of APAC Drone Service Market All-Up
  • RoW Drone Service Market (Option 4: As a part of the free 25% customization)
    • RoW Drone Service Market by Type
    • RoW Drone Service Market by Application
    • RoW Drone Service Market by End-Use Industry
    • Brazil Drone Service Market All-Up
    • South Africa Drone Service Market All-Up
    • Saudi Arabia Drone Service Market All-Up
    • UAE Drone Service Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Drone Service Market All-Up

Major Players Operating in the Drone Service (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Aerodyne Group
  • CYBERHAWK
  • Flirtey
  • Hemav Technology S.L
  • Matternet
  • MEASURE
  • Skylark Drones
  • Terra Drone Corp.
  • Verity
  • Zipline