Global drone market forecast up to 2025

May 27th, 2019, Published in Articles: PositionIT, Featured: PositionIT

In April, Research and Markets published its report Drone service market application (aerial photography, data acquisition and analytics), industry (infrastructure, media and entertainment, agriculture), type (drone platform service, drone MRO, drone training) solution, region – Global Forecast to 2025.

The market study covers the drone services market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as industry, application, solution, type, and region. The study also includes aa competitive analysis of the key players in the market, along with their company profiles, observations related to product and business offerings, recent developments, and key market strategies.

In it, the consultancy say that increasing use of drone services for industry-specific solutions is the major factor for the growth of the global drone services market.

Its main findings include:

  • Drone services market size to grow from $4,4-billion in 2018 to $63,6-billion by 2025, at a CAGR of 55,9% during this period.
  • The enterprise segment is estimated to lead the drone services market in 2019.
  • The aerial photography and remote sensing segment is estimated to account for the largest share of the drone services market in 2019.
  • North America is estimated to account for the largest share of the drone services market in 2019.

The consultancy expects the drone services market size to grow from $4,4-billion in 2018 to $63,6-billion by 2025, at a CAGR of 55,9% during this period. The market for drone services is driven by numerous factors, such as the increasing use of drone services for industry-specific solutions, improvised regulatory framework, and increased requirement for qualitative data in various industries. Safety concerns and lack of skilled and trained operators are limiting the overall growth of the market.

Based on solution, the enterprise segment is estimated to account for the largest share of the drone services market in 2019. Enterprise solutions cater to demand from different end-use industries. These solutions provide end-to-end services for different applications. Increasing demand for analytical services and software solutions in the drone services market is driving the enterprise solution segment.

Based on application, the aerial photography and remote sensing segment is estimated to account for the largest share of the drone services market in 2019. There has been an increase in the demand for aerial photography from the infrastructure, architecture, civil engineering, and oil and gas industries around the world. Digitalisation in the construction and infrastructure industries will require drone services to collect digital data for assets management. Increasing aerial photography applications coupled with increasing demand for data collection of different projects are likely to drive the demand for drone services.

North America is estimated to account for the largest share of the drone services market in 2019. In recent years, the rules regarding flying drones in the US have been liberal, paving the way for thousands of businesses or drone services to fly legally in the country’s airspace. This has increased the demand for drone services in this region.

Contect Amy Cole, Research and Markets, amy.cole@researchandmarkets.com

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