Drone Service Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Drone Service Market covers analysis by Drone Type (Fixed Wing, Rotary Wing, and Hybrid), Services (Surveying, Mapping, and Inspection; Delivery; and Aerial Photography), and Industries (Real Estate/Infrastructure, Media & Entertainment, Agriculture, Industrial, and Law Enforcement), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPAD100001336
  • Category : Aerospace and Defense
  • Status : Upcoming
  • No. of Pages : 224
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The drone service market size is expected to grow from US$ 10.32 billion in 2022 to US$ 41.35 billion by 2028; it is estimated to register a CAGR of 25.6% from 2022 to 2031.

The growth of the drone service market is also attributed to the rising number of drone service providers across the world. In recent years, the commercial sector has observed growth in the number of drone service providers, which has increased the interest among them to opt for various services. On a global scenario, there are more than 200 drone service providers across the world catering to different commercial industries and is continuously increasing with the rising demand. Some of the recent developments in the drone service market are:

  • In July 2022, Zipline declared about the expansion of their commercial drone delivery services in the US by 2024. In a partnership with healthcare organizations, MultiCare Health System, the company projects to commence with commercial drone deliveries within Washington. Through the company’s electric aircraft, autonomously delivery of different medical products such as medications, lab samples, and test kits across the MultiCare’s network will be provided. 
  • In December 2022, the Indian government inked a partnership agreement with TechEagle and has rolled out first drone delivery hub and network in Asia. The partnership aims to provide universal access to healthcare for individuals of Meghalaya. The objective of the project is to deliver vital supplies such as diagnostic samples, drugs, blood and blood components, and vaccines quickly to different sections of state.
  • Airbus, a leading aerospace & defense contractor, launched “Airbus Aerial” commercial drone service initiative in Singapore in February 2018. The company aims to offer technologically enhanced drone services to different commercial industries in Asia Pacific.
  • In 2018, Aerodyne Group announced its business expansion to South America to cater drone service needs of South American masses.

The drones are becoming popular within various industries including food, agriculture, real estate, law enforcement, construction, security, and shipping and logistics. Food industry is amongst the prominent industry using drones. Adoption of drones in the supply chain food industry is receiving high acceptance. From production to delivery, drones persist with a power to optimize and revolutionize complete food industry. In production line, number of moving parts are involved. Silos, heating and cooling systems, piping and machinery are some of the critical components used in drone service. Monitoring of such systems is mandatory since leakage issues might arrive from these systems. Therefore, drones are used, as they keep the process optimize while ensuring employees safety. Their high-resolution cameras are capable of spotting breaks and leaks, which will further assist the food industry to respond accordingly. Similarly, for delivery process, drones are used. Businesses in emerging economies are taking full leverage of drone delivery for providing food items at final destination.

Strategic Insights

Regional Analysis of Drone Service Market

From the regional perspective, North America accounted for largest drone service market share holder in 2022, while APAC is projected to grow at a fastest CAGR during the forecast period. The region has a growing economy leading to the growth in a wide variety of sectors, such as agricultural, industrial, and construction. The region consists of many developing countries witnessing a high growth in their agriculture and construction sectors. Owing to the increasing urbanization and rising income level in APAC region, people’s awareness regarding healthy lifestyle and extreme food consumption is one of the major factors influencing an individual’s need of food for survival. Therefore, proper surveying, mapping, and inspection services are required to meet the increasing demand for food and construction. Several business strategies and innovations are adopted by the market players to further enhance the country’s adoption of drone services. Thus, the government support for infrastructural and agricultural development fuels the demand in the drone service market. Also, China and Japan are the key Asian countries adopting drone deliveries for parcels and shipment purposes. The mentioned factors will help in promoting drone service market in APAC.

Lucrative Regions – Drone Service Market Share

Lucrative Regions – Drone Service Market ShareMarket Insights – Drone Service Market

Application-Based Insights

Based on drone type, the drone service market size is segmented into fixed wing, rotary wing, and hybrid. In 2022, rotary wing drones were the most prominent drone type in the global drone service market. The easy availability of single rotor and multi-rotor drones is driving the market for rotary wing drones in the recent times. In addition, the continuous research and developments in the enhancement of endurance and stability is boosting the demand for rotary wing drones among the third-party service providers.

The second drone type commonly used for drone delivery is fixed wing. Prototype developments are taking place in the drone service market. For instance, a fixed wing UAV is developed and tested for carrying a payload of 700 kg. This prototype will be used for the delivery of medical supplies such as blood packets antidotes, blood, vaccines, and organs, which is challenging during road transportation.

The drone service market players are mainly focusing on developing advanced and efficient products.

  • In June 2021, Walmart declared about an investment in a Virginia-based DroneUp, as the company was looking to augment their last-mile delivery services. The Walmart drone delivery via their DroneUp network is available in different parts of the Dallas, Phoenix, Tampa, and Orlando.
  • In November 2021, Zipline and Walmart introduced delivery service in Arkansas. Through this drone delivery, customers can select from “thousands of products,” which are restricted to health and wellness items such as “over the counter allergy medicine, ibuprofen, and bandages”.

The drone service market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America. In 2021, North America led the drone service market with a substantial revenue share, followed by Europe. Further, Asia Pacific is expected to register the highest CAGR in the drone service market from 2022 to 2031.

Terra Drone Corporation, CyberHawk Innovations Limited, Drone Volt, Zipline, Aerodyne Group, Airinov, Sky-Futures, SkySpecs, Measure, and Flirtey are among the key drone service market players.

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Strategic Insights

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Research Criteria
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Drone Type, Services, and Industries

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

The List of Companies - Drone Service Market

  1. CyberHawk Innovations Limited
  2. Terra Drone Corporation
  3. Sky-Futures
  4. Measure
  5. Aerodyne Group
  6. Skyspecs
  7. Airinov
  8. Zipline
  9. Drone Volt
  10. Flirtey

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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