Drone Services Market is Expected to Reach USD 9.4 Billion by 2024

Posted on 2018-07-27 by Goldstein Research in Industrial // 0 Comments

New York, USA, 2018-Jul-27 — /EPR Network/ —According to Goldstein Research, global drone services market is expected to reach USD 9.4 billion by 2024 from USD 0.850 billion in 2015, growing at a CAGR of 57.8% over the forecast period 2016-2024. Expanding applications of commercial drones in various industries from military applications, to inspection, to surveying and beyond is one of the major factors driving the growth of drone services market.

Drone services market segmentation has been carried out on the basis of service type and end users. Based on applications, aerial photography and 3D monitoring services are expected to dominate the market. Aerial photography and 3D monitoring are considered as a low-cost system and an efficient way to collect data for monitoring and surveillance across multiple industries such as construction, agriculture, oil & gas and logistics among others. Global drone services market is dominated by North America with 40.0% market share. In the U.S more than 325,000 drones were registered in FAA, and it is estimated that more than 6 million drones will be shipped to the U.S by 2020. Europe is the second largest market with more than 28% share in the global drone services market.

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Market Segmentation

On the basis of our in-depth analysis, Global Drone Services Market can be segmented as follows:

By Service Type

3D Monitoring
Aerial Mapping
Facility Inspection
Aerial Photography and Videography
Stockpile Measurement
Other

By End-Users

Agriculture
Real-Estate
Engineering and Construction
Mining
Oil & Gas
Education
Media and Entertainment
Law Enforcement
Other

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Drone Services Market Outlook 2024” contains a detailed overview of the global drone services market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by service type and by end users.

Further, for the in-depth analysis, Global Drone Services Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This global market research report also includes competitive outlook of some of the major players profiling of companies such as Drone Deploy, ABJ Drones, Aero Vironment Inc., Workmode, Sky-Future Ltd., Flyworx, Avetics, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global drone services market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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Market Segmentation

By Service Type

By End-Users

By Region

About Goldstein Research

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