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 2028.
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
Market 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 2028.
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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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Drone Type, Services, and Industries
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION 15
1.1 SCOPE OF THE STUDY 15
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 15
2. KEY TAKEAWAYS 16
3. DRONE SERVICE MARKET LANDSCAPE 19
3.1 MARKET OVERVIEW 19
3.2 MARKET SEGMENTATION 20
3.2.1 Global Drone Service Market – By Drone Type 21
3.2.2 Global Drone Service Market – By Service 21
3.2.3 Global Drone Service Market – By Industry 22
3.2.4 Global Drone Service Market – By Geography 22
3.3 PEST ANALYSIS 23
3.3.1 North America – PEST Analysis 23
3.3.2 Europe PEST Analysis 25
3.3.3 ASIA PACIFIC PEST Analysis 27
3.3.4 Middle East & Africa PEST Analysis 29
3.3.5 South America PEST Analysis 31
4. DRONE SERVICE MARKET – KEY INDUSTRY DYNAMICS 33
4.1 KEY MARKET DRIVERS 33
4.1.1 Increasing Adoption of Drone Based Solutions in Agriculture Sector and Media Industry is Constantly Driving the Market 33
4.1.2 Rotary Wing Drones have Influenced the Drone Service Market Over the Years 34
4.2 KEY MARKET RESTRAINTS 34
4.2.1 Lack of Skilled Drone Operators in Developing Regions to Hamper the Market Growth 34
4.3 KEY MARKET OPPORTUNITIES 35
4.3.1 Rising Adoption of Drone Services in E-commerce Industry is Anticipated to Stimulate the Market Growth 35
4.4 FUTURE TRENDS 36
4.4.1 Beyond the Visual Line of Sight (BVLOS) to Accentuate the Demand for Commercial Drone Service 36
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 36
5. DRONE SERVICE MARKET – GLOBAL ANALYSIS 37
5.1 GLOBAL DRONE SERVICE MARKET OVERVIEW 37
5.2 GLOBAL DRONE SERVICE MARKET FORECAST AND ANALYSIS (US$ MN) 39
6. DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 – DRONE TYPE 40
6.1 OVERVIEW 40
6.2 GLOBAL DRONE SERVICE MARKET BREAKDOWN, BY DRONE TYPE, 2017 & 2027 40
6.3 FIXED WING DRONE MARKET 41
6.3.1 Overview 41
6.3.2 Fixed Wing Drone Market Forecasts and Analysis 41
6.4 ROTARY WING DRONE MARKET 42
6.4.1 Overview 42
6.4.2 Rotary Wing Drone Market Forecasts and Analysis 42
6.5 HYBRID DRONE MARKET 43
6.5.1 Overview 43
6.5.2 Hybrid Drone Market Forecasts and Analysis 43
7. DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 – BY SERVICE 44
7.1 OVERVIEW 44
7.2 GLOBAL DRONE SERVICE MARKET BREAKDOWN, BY SERVICE, 2017 & 2027 44
7.3 SURVEYING, MAPPING & INSPECTION MARKET 45
7.3.1 Overview 45
7.3.2 Surveying, Mapping & Inspection Market Forecasts and Analysis 46
7.4 DELIVERY MARKET 47
7.4.1 Overview 47
7.4.2 Delivery Market Forecasts and Analysis 47
7.5 AERIAL PHOTOGRAPHY MARKET 49
7.5.1 Overview 49
7.5.2 Aerial Photography Market Forecasts and Analysis 49
7.6 OTHERS MARKET 50
7.6.1 Overview 50
7.6.2 Others Market Forecasts and Analysis 50
8. DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 – BY INDUSTRY 51
8.1 OVERVIEW 51
8.2 GLOBAL DRONE SERVICE MARKET BREAKDOWN, BY INDUSTRY, 2017 & 2027 51
8.3 REAL ESTATE/INFRASTRUCTURE MARKET 52
8.3.1 Overview 52
8.3.2 Real Estate/Infrastructure Market Forecasts and Analysis 52
8.4 MEDIA & ENTERAINMENT MARKET 53
8.4.1 Overview 53
8.4.2 Media & Entertainment Market Forecasts and Analysis 54
8.5 AGRICULTURE MARKET 55
8.5.1 Overview 55
8.5.2 Agriculture Market Forecasts and Analysis 55
8.6 INDUSTRIAL MARKET 56
8.6.1 Overview 56
8.6.2 Industrial Market Forecasts and Analysis 56
8.7 LAW ENFORCEMENT MARKET 57
8.7.1 Overview 57
8.7.2 Law Enforcement Market Forecasts and Analysis 57
8.8 OTHERS MARKET 58
8.8.1 Overview 58
8.8.2 Others Market Forecasts and Analysis 58
9. DRONE SERVICE MARKET – GEOGRAPHICAL ANALYSIS 59
9.1 OVERVIEW 59
9.2 NORTH AMERICA DRONE SERVICES MARKET REVENUE AND FORECASTS TO 2027 60
9.2.1 Overview 60
9.2.2 North America Drone Service Market Breakdown by Key Countries 61
9.2.2.1 U.S. Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 62
9.2.2.2 Canada Drone Services Market Revenue and Forecast to 2027 (US$ Mn) 63
9.2.2.3 Mexico Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 64
9.2.3 North America Drone Services Market Breakdown by Drone Type 64
9.2.4 North America Drone Service Market Breakdown by Services 65
9.2.5 North America Drone Service Market Breakdown by Industries 66
9.3 EUROPE DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 67
9.3.1 Overview 67
9.3.2 Europe Drone Service Market Breakdown by Key Countries 68
9.3.2.1 France Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 69
9.3.2.2 Germany Drone Service Market Revenue and Forecast to 2027 (US$ Mn) 70
9.3.2.3 Italy Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 71
9.3.2.4 Spain Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 72
9.3.2.5 UK Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 73
9.3.2.6 Rest of Europe Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 74
9.3.3 Europe Drone Services Market Breakdown by Drone Type 74
9.3.4 Europe Drone Service Market Breakdown by Service 75
9.3.5 Europe Drone Service Market Breakdown by Industries 76
9.4 ASIA PACIFIC DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 77
9.4.1 Overview 77
9.4.2 APAC Drone Service Market Breakdown by Key Countries 78
9.4.2.1 Australia Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 79
9.4.2.2 China Drone Service Market Revenue and Forecast to 2027 (US$ Mn) 80
9.4.2.3 India Drone Service Market Revenue and Forecasts to 2027(US$ Mn) 81
9.4.2.4 Japan Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 82
9.4.3 APAC Industrial Refrigeration System Market Breakdown by Drone Type 82
9.4.4 APAC Drone Service Market Breakdown by Service 83
9.4.5 APAC Drone Service Market Breakdown by Industry 84
9.5 MIDDLE EAST & AFRICA (MEA) DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 85
9.5.1 Overview 85
9.5.2 MEA Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 85
9.5.3 MEA Drone Service Market Breakdown by Key Countries 86
9.5.3.1 Saudi Arabia Drone Service Market Revenue and Forecast to 2027 (US$ Mn) 87
9.5.3.2 UAE Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 88
9.5.3.3 South Africa Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 89
9.5.3.4 MEA Drone Service Market Breakdown by Drone Type 89
9.5.3.5 MEA Drone Service Market Breakdown by Service 90
9.5.4 MEA Drone Service Market Breakdown by Industry 91
9.6 SOUTH AMERICA (SAM) DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 92
9.6.1 Overview 92
9.6.2 SAM Drone Service Market Breakdown by Key Countries 93
9.6.2.1 Brazil Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 94
9.6.2.2 Rest of SAM Drone Service Market Revenue and Forecasts to 2027 (US$ Mn) 95
9.6.3 SAM Drone Service Market Breakdown by Drone Type 95
9.6.4 SAM Drone Service Market Breakdown by Service 96
9.6.5 SAM Drone Service Market Breakdown by Industries 97
10. INDUSTRY LANDSCAPE 98
10.1 MARKET INITIATIVE 98
10.2 MERGER AND ACQUISITION 99
10.3 NEW DEVELOPMENT 99
11. COMPETITIVE LANDSCAPE 100
11.1 COMPETITIVE SERVICE MAPPING 100
11.2 MARKET POSITIONING – GLOBAL TOP 5 PLAYERS RANKING 101
12. DRONE SERVICE, KEY COMPANY PROFILES 102
12.1 CYBERHAWK INNOVATIONS LIMITED 102
12.1.1 Key Facts 102
12.1.2 Business Description 102
12.1.3 Financial Overview 102
12.1.4 SWOT Analysis 103
12.1.5 Key Developments 104
12.2 TERRA DRONE CORPORATION 105
12.2.1 Key Facts 105
12.2.2 Business Description 105
12.2.3 Financial Overview 105
12.2.4 SWOT Analysis 106
12.2.5 Key Developments 107
12.3 SKY-FUTURES 108
12.3.1 Key Facts 108
12.3.2 Business Description 108
12.3.3 Financial Overview 108
12.3.4 SWOT Analysis 109
12.3.5 Key Developments 110
12.4 MEASURE 111
12.4.1 Key Facts 111
12.4.2 Business Description 111
12.4.3 Financial Overview 111
12.4.4 SWOT Analysis 112
12.4.5 Key Developments 113
12.5 AERODYNE GROUP 114
12.5.1 Key Facts 114
12.5.2 Business Description 114
12.5.3 Financial Overview 114
12.5.4 SWOT Analysis 115
12.5.5 Key Developments 116
12.6 SKYSPECS 117
12.6.1 Key Facts 117
12.6.2 Business Description 117
12.6.3 Financial Overview 117
12.6.4 SWOT Analysis 118
12.6.5 Key Developments 119
12.7 AIRINOV 120
12.7.1 Key Facts 120
12.7.2 Business Description 120
12.7.3 Financial Overview 120
12.7.4 SWOT Analysis 120
12.7.5 Key Developments 121
12.8 ZIPLINE 122
12.8.1 Key Facts 122
12.8.2 Business Description 122
12.8.3 Financial Overview 122
12.8.4 SWOT Analysis 122
12.8.5 Key Developments 124
12.9 DRONE VOLT 125
12.9.1 Key Facts 125
12.9.2 Business Description 125
12.9.3 Financial Overview 125
12.9.4 SWOT Analysis 126
12.9.5 Key Developments 127
12.10 FLIRTEY 128
12.10.1 Key Facts 128
12.10.2 Business Description 128
12.10.3 Financial Overview 128
12.10.4 SWOT Analysis 128
12.10.5 Key Developments 130
13. APPENDIX 131
13.1 ABOUT THE INSIGHT PARTNERS 131
13.2 GLOSSARY OF TERMS 131
13.3 METHODOLOGY 133
13.3.1 Coverage 133
13.3.2 Secondary Research 133
13.3.3 Primary Research 134
LIST OF TABLES
TABLE 1. GLOBAL DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 39
TABLE 2. NORTH AMERICA DRONE SERVICES MARKET REVENUE AND FORECASTS TO 2027 – BY DRONE TYPE (US$ MN) 65
TABLE 3. NORTH AMERICA DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 – BY SERVCIES (US$ MN) 65
TABLE 4. NORTH AMERICA DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 – BY INDUSTRIES (US$ MN) 66
TABLE 5. EUROPE DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 –
BY DRONE TYPE (US$ MN) 75
TABLE 6. EUROPE DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 –
BY SERVICE (US$ MN) 75
TABLE 7. EUROPE DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 –
BY INDUSTRY (US$ MN) 76
TABLE 8. APAC DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 –
BY DRONE TYPE (US$ MN) 83
TABLE 9. APAC DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 –
BY SERVICE (US$ MN) 83
TABLE 10. APAC DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 –
BY INDUSTRY (US$ MN) 84
TABLE 11. MEA DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 –
BY DRONE TYPE (US$ MN) 90
TABLE 12. MEA DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 –
BY SERVICE (US$ MN) 90
TABLE 13. MEA DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 –
BY INDUSRTY (US$ MN) 91
TABLE 14. SAM DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 – BY DRONE TYPE (US$ MN) 96
TABLE 15. SAM DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 – BY SERVICE (US$ MN) 96
TABLE 16. SAM DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 –
BY INDUSTRIES (US$ MN) 97
TABLE 17. GLOSSARY OF TERM: DRONE SERVICE MARKET 131
LIST OF FIGURES
FIGURE 1. ASIA PACIFIC DRONE SERVICE MARKET REVENUE & FORECAST, 2017 & 2027 (US$ MN) 16
FIGURE 2. GLOBAL DRONE SERVICE MARKET BY AGRICULTURE INDUSTRY TO 2027 (US$ MN, %) 17
FIGURE 3. GLOBAL DRONE SERVICE MARKET, BY SERVICE, 2017 & 2027 (US$ MN) 18
FIGURE 4. DRONE SERVICE MARKET SEGMENTATION 20
FIGURE 5. DRONE SERVICE MARKET SEGMENTATION - GEOGRAPHY 21
FIGURE 6. NORTH AMERICA – PEST ANALYSIS 23
FIGURE 7. EUROPE – PEST ANALYSIS 25
FIGURE 8. ASIA PACIFIC – PEST ANALYSIS 27
FIGURE 9. MIDDLE EAST & AFRICA PEST ANALYSIS 29
FIGURE 10. SOUTH AMERICA PEST ANALYSIS 31
FIGURE 11. DRONE SERVICE MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 36
FIGURE 12. GLOBAL DRONE SERVICE MARKET, US$ MN 37
FIGURE 13. GLOBAL DRONE SERVICE MARKET FORECAST AND ANALYSIS, US$ MN, 2017 - 2027 39
FIGURE 14. GLOBAL DRONE SERVICE MARKET BREAKDOWN, BY DRONE TYPE, 2017 & 2027 (%) 40
FIGURE 15. GLOBAL FIXED WING DRONE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 41
FIGURE 16. GLOBAL ROTARY WING DRONE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 42
FIGURE 17. GLOBAL HYBRID DRONE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 43
FIGURE 18. GLOBAL DRONE SERVICE MARKET BREAKDOWN, BY SERVICE, 2017 & 2027 (%) 44
FIGURE 19. GLOBAL SURVEYING, MAPPING & INSPECTION MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 46
FIGURE 20. GLOBAL DELIVERY MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 48
FIGURE 21. GLOBAL AERIAL PHOTOGRAPHY MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 49
FIGURE 22. GLOBAL OTHERS MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 50
FIGURE 23. GLOBAL DRONE SERVICE MARKET BREAKDOWN, BY INDUSTRY, 2017 & 2027 (%) 51
FIGURE 24. GLOBAL REAL ESTATE/INFRASTRUCTURE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 52
FIGURE 25. GLOBAL MEDIA ENTERTAINMENT MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 54
FIGURE 26. GLOBAL AGRICULTURE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 55
FIGURE 27. GLOBAL INDUSTRIAL MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 56
FIGURE 28. GLOBAL LAW ENFORCEMENT MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 57
FIGURE 29. GLOBAL OTHERS MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 58
FIGURE 30. DRONE SERVICES MARKET, GLOBAL BREAKDOWN BY REGIONS, 2017 & 2027 (%) 59
FIGURE 31. NORTH AMERICA DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 61
FIGURE 32. NORTH AMERICA DRONE SERVICE MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2027(%) 62
FIGURE 33. DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 62
FIGURE 34. CANADA DRONE SERVICES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 63
FIGURE 35. MEXICO DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 64
FIGURE 36. NORTH AMERICA DRONE SERVICES MARKET BREAKDOWN BY DRONE TYPE, 2017 & 2027 (%) 64
FIGURE 37. NORTH AMERICA DRONE SERVICE MARKET BREAKDOWN BY SERVICES, 2017 & 2027 (%) 65
FIGURE 38. NORTH AMERICA DRONE SERVICE MARKET BREAKDOWN BY INDUSTRIES, 2017 & 2027 (%) 66
FIGURE 39. EUROPE DRONE SERVICES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 67
FIGURE 40. EUROPE DRONE SERVICE MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2027(%) 68
FIGURE 41. FRANCE DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 69
FIGURE 42. GERMANY DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 70
FIGURE 43. ITALY DRONE SERVICES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 71
FIGURE 44. SPAIN DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 72
FIGURE 45. UK DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 73
FIGURE 46. REST OF EUROPE DRONE SERVIE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 74
FIGURE 47. EUROPE DRONE SERVICE MARKET BREAKDOWN BY COMPONENT, 2017 & 2027 (%) 74
FIGURE 48. EUROPE DRONE SERVICE MARKET BREAKDOWN BY SERVICE, 2017 & 2027 (%) 75
FIGURE 49. EUROPE DRONE SERVICE MARKET BREAKDOWN BY INDUSTRIES, 2017 & 2027 (%) 76
FIGURE 50. APAC DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 77
FIGURE 51. APAC DRONE SERVICE MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2027(%) 78
FIGURE 52. AUSTRALIA DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 79
FIGURE 53. CHINA DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 80
FIGURE 54. INDIA DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 81
FIGURE 55. JAPAN DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 82
FIGURE 56. APAC DRONE SERVICE MARKET BREAKDOWN BY DRONE TYPE, 2017 & 2027 (%) 82
FIGURE 57. APAC DRONE SERVICE MARKET BREAKDOWN BY SERVICE, 2017 & 2027 (%) 83
FIGURE 58. APAC DRONE SERVICE MARKET BREAKDOWN BY INDUSTRY, 2017 & 2027 (%) 84
FIGURE 59. MEA DRONE SERVICE MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2027(%) 86
FIGURE 60. SAUDI ARABIA DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 87
FIGURE 61. UAE DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 88
FIGURE 62. SOUTH AFRICA DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 89
FIGURE 63. MEA DRONE SERVICE MARKET BREAKDOWN BY DRONE TYPE, 2017 & 2027 (%) 89
FIGURE 64. MEA DRONE SERVICE MARKET BREAKDOWN BY SERVICE, 2017 & 2027 (%) 90
FIGURE 65. MEA DRONE SERVICE MARKET BREAKDOWN BY INDUSTRY, 2017 & 2027 (%) 91
FIGURE 66. SAM DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 92
FIGURE 67. SAM DRONE SERVICES MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2027(%) 93
FIGURE 68. BRAZIL DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 94
FIGURE 69. REST OF SAM DRONE SERVICE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN) 95
FIGURE 70. SAM DRONE SERVICE MARKET BREAKDOWN BY DRONE TYPE, 2017 & 2027 (%) 95
FIGURE 71. SAM DRONE SERVICE MARKET BREAKDOWN BY SERVICE, 2017 & 2027 (%) 96
FIGURE 72. SAM DRONE SERVICE MARKET BREAKDOWN BY INDUSTRIES, 2017 & 2027 (%) 97
The List of Companies - Drone Service Market
- CyberHawk Innovations Limited
- Terra Drone Corporation
- Sky-Futures
- Measure
- Aerodyne Group
- Skyspecs
- Airinov
- Zipline
- Drone Volt
- Flirtey
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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