Drone Services Market by Industry (Infrastructure, Agriculture, Entertainment, Logistics), Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics), Type of Drone, Duration of Service, and Region - Global Forecast to 2022

The drone services market is estimated to be USD 705.3 Million in 2016 and is projected to reach USD 18,022.7 Million by 2022, at a CAGR of 71.62% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022.

Objective of the Study:

The objective of this study is to analyze the drone services market, along with statistics from 2016 to 2022 as well as to define, describe, and forecast the drone services market. On the basis of industry, the market has been segmented into infrastructure, agriculture, logistics, media and entertainment, oil and gas, utility and power, security, search & rescue, mining, scientific research, and insurance, among others. On the basis of application, the drone services market has been segmented into aerial photography and remote sensing, data acquisition and analytics, mapping & surveying, 3D modeling, disaster risk management and mitigation, inspection & environmental monitoring, product delivery, among others. Based on type of drone, the market has been segmented into fixed-wing drone and multirotor drone. The market, based on duration of service, has been segmented into short duration service and long duration service. map these segments and subsegments across major regions, namely, North America, Europe, Asia-Pacific, the Middle East, and RoW.

The report provides in-depth market intelligence regarding market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the drone services market, along with analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the drone services market.

The report also covers competitive developments, such as long-term contracts, joint ventures, mergers, new product launches and developments, and research & development activities in the drone services market, in addition to business and corporate strategies adopted by key market players.
Research Methodology:

The research methodology used to estimate and forecast the drone services market begins with obtaining data on key drone services revenues through secondary sources, such as news articles and journals/magazines. The drone service offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall drone services market size from the revenues of key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with market experts, such as CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the overall drone services market size engineering process, and arrive at the exact statistics for all segments and subsegments. Breakdown of profiles of primaries is depicted in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the drone services market comprises defense forces, manufacturers, suppliers, and technology support providers. Some of the key market players operating in the drone services market are Airware, Inc. (U.S.), Aerobo (U.S.), Cyberhawk Innovations Ltd. (U.K.), Sky Futures Ltd. (U.K.), SenseFly Ltd. (Switzerland), DroneDeploy Inc. (U.S.), and Sharper Shape Inc. (U.S.), among others. They offer advanced technology systems, products, and services. They also provide a broad range of management, engineering, technical, communications, information services, and drone services capabilities.

Target Audience

• Drone Suppliers
• Drone Manufacturers
• Drone Pilot Training Bodies
• Technology Support Providers
• Software/Hardware/Service and Solution Providers
• Regulatory Bodies
• Drone services Consultants
• UAV Research Centers

 “The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments”.

Scope of the Report

• This research report categorizes the drone services market into the following segments and sub-segments:

• Drone Services Market: By Industry
  • Infrastructure
  • Agriculture
  • Logistics
  • Media & Entertainment
  • Oil & Gas
  • Utility and Power
  • Security, Search & Rescue
  • Mining
  • Scientific Research
  • Insurance
  • Others
• Drone Services Market: By Application
  • Aerial Photography & Remote Sensing
  • Data Acquisition & Analytics
  •  Mapping & Surveying
  • 3D Modeling
  • Disaster Risk Management & Mitigation
  • Inspection & Environmental Monitoring
  • Product Delivery
  • Others
• Drone Services Market: By Type of Drone
  • Fixed wing Drone
  • Multirotor Drone
• Drone Services Market: By Duration of Service
  • Short Duration Service
  • Long Duration Service
• Drone Services Market: By Region
  • North America
  • Europe
  • Asia-Pacific
  • Middle East
  • RoW

Available Customizations:

Along with market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for the report:

• Drone services Market, Industry by application break-up
• Company Information
  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Demand Side Analysis
           2.2.1 Introduction
                    2.2.1.1 Need for Drone Services in Growing Commercial Sectors
                    2.2.1.2 Growing Demand of Drone Services Due to Affordability
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 37)
    4.1 Emerging Markets to Offer Several Untapped and Unexplored Opportunities
    4.2 Drone Services Market, By Industry
    4.3 Drone Services Market, By Duration of Service
    4.4 Drone Services Market, By Application
    4.5 Drone Services Market, By Type of Drone
    4.6 Drone Services Market, By Region

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Industry
           5.2.2 By Application
           5.2.3 By Type of Drone
           5.2.4 By Duration of Service
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Applications of Drone Services Across Various Industries
                    5.3.1.2 Industry Specific Solutions Provided By Drone Service Providers
                    5.3.1.3 Improved Regulatory Framework
                    5.3.1.4 Consumers Increasing Requirement for Quality Data
                    5.3.1.5 Technological Advancements in Drones
                    5.3.1.6 Internet of Things Leading to Increased Application of Drones
           5.3.2 Restraints
                    5.3.2.1 Lack of Skilled and Trained Operators
                    5.3.2.2 Safety Concerns During Drone Operations
                    5.3.2.3 Limited Bandwidth for Drone Operation May Hamper Its Demand
           5.3.3 Opportunities
                    5.3.3.1 FAA Exemptions in Drone Platforms
           5.3.4 Challenges
                    5.3.4.1 Privacy Issues With Drone Operations
                    5.3.4.2 Lack of Risk Management Framework
                    5.3.4.3 Limited Endurance Affecting the Operation of Drones

6 Industry Trends (Page No. - 52)
    6.1 Introduction
    6.2 Technological Advancements
           6.2.1 Innovations By Manufacturers in Drone Technologies
                    6.2.1.1 Eco Drones
                    6.2.1.2 Drone Swarms
           6.2.2 Capability Enhancement By Service Providers
                    6.2.2.1 Artificial Intelligence
                    6.2.2.2 Data Fusion for Drone Navigation
                    6.2.2.3 Sense and Avoid Technology
                    6.2.2.4 Cloud Computing-Based Services
                    6.2.2.5 Enhancement of Computing Capabilities
    6.3 Future Trends
    6.4 Supply Chain
    6.5 Legal Obligations
    6.6 Country-Wise Drone Regulations
    6.7 Innovations and Patent Registrations (2012-2016)
    6.8 Key Trend Analysis

7 Drone Services Market, By Industry (Page No. - 62)
    7.1 Introduction
    7.2 Infrastructure
    7.3 Agriculture
    7.4 Logistics
    7.5 Media & Entertainment
    7.6 Oil & Gas
    7.7 Utility & Power
    7.8 Security, Search & Rescue
    7.9 Mining
    7.10 Scientific Research
    7.11 Insurance
    7.12 Others

8 Drone Services Market, By Application (Page No. - 72)
    8.1 Introduction
    8.2 Aerial Photography & Remote Sensing
    8.3 Data Acquisition & Analytics
    8.4 Mapping & Surveying
    8.5 3D Modeling
    8.6 Disaster Risk Management & Mitigation
    8.7 Inspection & Environmental Monitoring
    8.8 Product Delivery
    8.9 Others

9 Drone Services Market, By Type of Drone (Page No. - 79)
    9.1 Introduction
    9.2 Fixed Wing Drone
    9.3 Multirotor Drone

10 Drone Services Market, By Duration of Service (Page No. - 83)
     10.1 Introduction
     10.2 Short Duration Service
     10.3 Long Duration Service

11 Regional Analysis (Page No. - 87)
     11.1 Introduction
     11.2 North America
             11.2.1 By Industry
             11.2.2 By Application
             11.2.3 By Type of Drone
             11.2.4 By Duration of Service
             11.2.5 By Country
                        11.2.5.1 U.S.
                                     11.2.5.1.1 By Industry
                                     11.2.5.1.2 By Type of Drone
                        11.2.5.2 Canada
                                     11.2.5.2.1 By Industry
                                     11.2.5.2.2 By Type of Drone
     11.3 Europe
             11.3.1 By Industry
             11.3.2 By Application
             11.3.3 By Type of Drone
             11.3.4 By Duration of Service
             11.3.5 By Country
                        11.3.5.1 U.K.
                                     11.3.5.1.1 By Industry
                                     11.3.5.1.2 By Type of Drone
                        11.3.5.2 France
                                     11.3.5.2.1 By Industry
                                     11.3.5.2.2 By Type of Drone
                        11.3.5.3 Germany
                                     11.3.5.3.1 By Type of Drone
                                     11.3.5.3.2 By Type of Drone
                        11.3.5.4 Italy
                                     11.3.5.4.1 By Industry
                                     11.3.5.4.2 By Type of Drone
                        11.3.5.5 Russia
                                     11.3.5.5.1 By Industry
                                     11.3.5.5.2 By Type of Drone
                        11.3.5.6 Sweden
                                     11.3.5.6.1 By Industry
                                     11.3.5.6.2 By Type of Drone
                        11.3.5.7 Rest of Europe
                                     11.3.5.7.1 By Industry
                                     11.3.5.7.2 By Type of Drone
     11.4 Asia-Pacific
             11.4.1 By Industry
             11.4.2 By Application
             11.4.3 By Type of Drone
             11.4.4 By Duration of Service
             11.4.5 By Country.
                        11.4.5.1 China
                                     11.4.5.1.1 By Industry
                                     11.4.5.1.2 By Type of Drone
                        11.4.5.2 Japan
                                     11.4.5.2.1 By Industry
                                     11.4.5.2.2 By Type of Drone
                        11.4.5.3 India
                                     11.4.5.3.1 By Industry
                                     11.4.5.3.2 By Type of Drone
                        11.4.5.4 South Korea
                                     11.4.5.4.1 By Industry
                                     11.4.5.4.2 By Type of Drone
                        11.4.5.5 Australia
                                     11.4.5.5.1 By Industry
                                     11.4.5.5.2 By Type of Drone
                        11.4.5.6 Rest of Asia-Pacific
                                     11.4.5.6.1 By Industry
                                     11.4.5.6.2 By Type of Drone
     11.5 Middle East
             11.5.1 By Industry
             11.5.2 By Application
             11.5.3 By Type of Drone
             11.5.4 By Duration of Service
                        11.5.4.1 Saudi Arabia
                                     11.5.4.1.1 By Industry
                                     11.5.4.1.2 By Type of Drone
                        11.5.4.2 Israel
                                     11.5.4.2.1 By Industry
                                     11.5.4.2.2 By Type of Drone
                        11.5.4.3 UAE
                                     11.5.4.3.1 By Industry
                                     11.5.4.3.2 By Type of Drone
                        11.5.4.4 Rest of Middle East
                                     11.5.4.4.1 By Industry
                                     11.5.4.4.2 By Type of Drone
     11.6 Rest of the World
             11.6.1 By Industry
             11.6.2 By Application
             11.6.3 By Type of Drone
             11.6.4 By Duration of Service

12 Competitive Landscape (Page No. - 130)
     12.1 Introduction
     12.2 Market Ranking Analysis
     12.3 Brand Analysis
     12.4 Competitive Situation & Trends
             12.4.1 Agreements, Acquisition, & Partnerships
             12.4.2 New Service Launches
             12.4.3 Contracts
     12.5 Emerging Drone Services Providers
     12.6 Investments in Leading/Emerging Drone Services Companies, 2016

13 Company Profile (Page No. - 140)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.2 Airware, Inc.
     13.3 Aerobo
     13.4 Cyberhawk Innovations Ltd.
     13.5 Sky-Futures Ltd.
     13.6 Sensefly Ltd.
     13.7 Unmanned Experts Inc.
     13.8 Sharper Shape Inc.
     13.9 Dronedeploy Inc.
     13.10 Prioria Robotics Holdings Inc.
     13.11 Phoenix Drone Services LLC

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 155)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customization
     14.5 Related Reports
     14.6 Author Details

List of Tables (104 Tables)

Table 1 Periodization
Table 2 Market Segmentation: By Industry
Table 3 Market Segmentation: By Application
Table 4 Overview of Uav Regulations, By Country
Table 5 Commercial Industries Exempted By FAA (2015)
Table 6 Future Trends in the Drone Services Market
Table 7 Legal Obligations to Be Followed By Drone Service Buyers, Drone Operators, and Drone Manufacturers
Table 8 Rules and Guidelines By Federal Aviation Administration (FAA) for Operation of Drones in the U.S.
Table 9 Rules and Guidelines By Civil Aviation Authority (U.K.) for Operation of Drones
Table 10 Rules and Guidelines for Operations of Drones in Other Countries
Table 11 Innovations and Patent Registrations
Table 12 Key Trend Analysis
Table 13 Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 14 Infrastructure Segment, By Region, 2014–2022 (USD Million)
Table 15 Agriculture Segment, By Region, 2014–2022 (USD Million)
Table 16 Logistics Segment, By Region, 2014–2022 (USD Million)
Table 17 Media & Entertainment Segment, By Region, 2014–2022 (USD Million)
Table 18 Oil & Gas Segment, By Region, 2014–2022 (USD Million)
Table 19 Utilities & Power Segment, By Region, 2014–2022 (USD Million)
Table 20 Security, Search & Rescue Segment, By Region, 2014–2022 (USD Million)
Table 21 Mining Segment, By Region, 2014–2022 (USD Million)
Table 22 Scientific Research Segment, By Region, 2014–2022 (USD Million)
Table 23 Insurance Segment, By Region, 2014–2022 (USD Million)
Table 24 Drone Services Market Size, By Application, 2014–2022 (USD Million)
Table 25 Aerial Photography & Remote Sensing Segment, By Region, 2014–2022 (USD Million)
Table 26 Data Acquisition & Analytics Segment, By Region, 2014–2022 (USD Million)
Table 27 Mapping & Surveying Segment, By Region, 2014–2022 (USD Million)
Table 28 3D Modeling Segment, By Region, 2014–2022 (USD Million)
Table 29 Disaster Risk Management & Mitigation Segment, By Region, 2014–2022 (USD Million)
Table 30 Inspection & Environment Monitoring Segment, By Region, 2014–2022 (USD Million)
Table 31 Product Delivery Segment, By Region, 2014–2022 (USD Million)
Table 32 Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 33 Fixed Wing Drone Segment, By Region, 2014–2022 (USD Million)
Table 34 Multirotor Drone Segment, By Region, 2014–2022 (USD Million)
Table 35 Drone Services Market Size, By Duration of Service, 2014–2022 (USD Million)
Table 36 Short Duration Service Segment, By Region, 2014–2022 (USD Million)
Table 37 Long Duration Service Segment, By Region, 2014–2022 (USD Million)
Table 38 Drone Services Market Size, By Region, 2014-2022 (USD Million)
Table 39 North America: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 40 North America: Drone Services Market Size, By Application, 2014–2022 (USD Million)
Table 41 North America: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 42 North America: Drone Services Market Size, By Duration of Service, 2014–2022 (USD Million)
Table 43 North America: Drone Services Market Size, By Country, 2014-2022 (USD Million)
Table 44 U.S.: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 45 U.S.: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 46 Canada: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 47 Canada: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 48 Europe: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 49 Europe: Drone Services Market Size, By Application, 2014–2022 (USD Million)
Table 50 Europe: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 51 Europe: Drone Services Market Size, By Duration of Service, 2014–2022 (USD Million)
Table 52 Europe: Drone Services Market Size, By Country, 2014-2022 (USD Million)
Table 53 U.K.: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 54 U.K.: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 55 France: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 56 France: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 57 Germany: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 58 Germany: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 59 Italy: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 60 Italy: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 61 Russia: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 62 Russia: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 63 Sweden: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 64 Sweden: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 65 Rest of Europe: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 66 Rest of Europe: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 67 Asia-Pacific: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 68 Asia-Pacific: Drone Services Market Size, By Application, 2014–2022 (USD Million)
Table 69 Asia-Pacific: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 70 Asia-Pacific: Drone Services Market Size, By Duration of Service, 2014–2022 (USD Million)
Table 71 Asia-Pacific: Drone Services Market Size, By Country, 2014-2022 (USD Million)
Table 72 China: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 73 China: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 74 Japan: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 75 Japan: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 76 India: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 77 India: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 78 South Korea: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 79 South Korea: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 80 Australia: Drone Services Market Size, By Industry 2014–2022 (USD Million)
Table 81 Australia: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 82 Rest of Asia-Pacific: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 83 Rest of Asia-Pacific: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 84 Middle East: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 85 Middle East: Drone Services Market Size, By Application, 2014–2022 (USD Million)
Table 86 Middle East: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 87 Middle East: Drone Services Market Size, By Duration of Service, 2014–2022 (USD Million)
Table 88 Saudi Arabia: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 89 Saudi Arabia: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 90 Israel: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 91 Israel: Drone Services Market Size, By Type of Drone 2014–2022 (USD Million)
Table 92 UAE: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 93 UAE: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 94 Rest of Middle East: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 95 Rest of Middle East: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 96 Rest of World: Drone Services Market Size, By Industry, 2014–2022 (USD Million)
Table 97 Rest of World: Drone Services Market Size, By Application, 2014–2022 (USD Million)
Table 98 Rest of World: Drone Services Market Size, By Type of Drone, 2014–2022 (USD Million)
Table 99 Rest of World: Drone Services Market Size, By Duration of Service, 2014–2022 (USD Million)
Table 100 Drone Services Market, 2015
Table 101 Agreements, Acquisitions, & Partnerships, September, 2014- October,2016
Table 102 New Service Launches, April, 2015 - October, 2016
Table 103 Contracts, 2016
Table 104 Emerging Drone Services Providers, 2015-2016

List of Figures (45 Figures)

Figure 1 Drone Services Market: Markets Covered
Figure 2 Research Flow
Figure 3 Drone Services Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Assumptions of the Research Study
Figure 9 The U.S. to Be the Most Lucrative Market for Investment in Drone Services During the Forecast Period
Figure 10 Infrastructure Industry Segment Projected to Dominate Market During the Forecast Period
Figure 11 Aerial Photography & Remote Sensing Segment Projected to Dominate the Market During the Forecast Period
Figure 12 Multi-Rotor Drone Segment Projected to Dominate Drone Services Market During the Forecast Period
Figure 13 North America Estimated to Account for the Largest Market Share in 2016
Figure 14 Agreements, Acquisitions, & Partnerships Was the Key Strategies Adopted By Market Players
Figure 15 Attractive Market Opportunities in the Drone Services Market, 2016-2022
Figure 16 Infrastructure Segment Projected to Lead the Market During the Forecast Period
Figure 17 Short Duration Service Segment Projected to Dominate the Market During the Forecast Period
Figure 18 Aerial Photography & Remote Sensing Segment Projected to Lead the Market During the Forecast Period
Figure 19 Multirotor Segment Projected to Grow at the Highest Market Share During the Forecast Period
Figure 20 North America Projected to Dominate the Drone Services Market During the Forecast Period
Figure 21 Market Segmentation: By Industry
Figure 22 Market Segmentation: By Application
Figure 23 Market Segmentation: By Type of Drone
Figure 24 Market Segmentation: By Duration of Service
Figure 25 Market Dynamics of the Drone Services Market
Figure 26 Potential Commercial Applications of Drones
Figure 27 Drone Platforms Approved By FAA
Figure 28 Supply Chain of the Drone Service Providers
Figure 29 Evolution of Drone Service Providers
Figure 30 Maturity Mapping of Drone Technologies
Figure 31 Prominent Industries Using Drone Services, (2016- 2022)
Figure 32 Emerging Industries in Drone Services Market, (2016-2022)
Figure 33 The Aerial Photography & Remote Sensing Segment to Witness the Highest Growth Amongst All Applications, 2016-2022
Figure 34 Multirotor Drone is Projected to Be A Larger Segment of the Drones Services Market By 2022
Figure 35 The Long Duration Service Segment is Projected to Grow at A Higher CAGR During the Forecast Period
Figure 36 Global Snapshot: Asia-Pacific has the Highest Growth Potential During the Forecast Period
Figure 37 North America Drone Services Market Snapshot, 2016
Figure 38 Europe Drone Services Market Snapshot, 2016
Figure 39 Asia-Pacific Drone Services Market Snapshot, 2016
Figure 40 Companies Adopted New Services Launches as the Key Growth Strategy Between January 2012 and November 2016
Figure 41 Drone Services Market, By Region
Figure 42 Brand Analysis: Drone Services Market
Figure 43 Agreements, Acquisitions, & Partnerships Was the Most Preferred Strategy Adopted By Leading Players From January 2012 to November 2016
Figure 44 Key Growth Strategies Adopted By Market Players in the Drone Services Market Between January 2012 and November 2016
Figure 45 Regional Revenue Mix of the Top Five Market Players

The drone services market is estimated to be USD 705.3 Million in 2016 and is projected to reach USD 18,022.7 Million by 2022, at a CAGR of 71.62% from 2016 to 2022. One of the major factors expected to fuel the growth of the drone services market is the increasing demand for drone services for monitoring and inspection across various industries.

Based on industry, the infrastructure segment of the drone services market is projected to witness highest growth, owing to the increasing use of drones in the infrastructure industry for a broad range services, such as aerial photography & remote sensing, data acquisition & analytics, and mapping & surveying, among others. The agriculture industry is also one of the major segments in the drone services market, as drone-based services such as crop monitoring, inspection, and pesticide spraying are widely being adopted in this industry.

Based on application, the aerial photography & remote sensing segment of the drone services market is projected to witness significant growth. The demand for aerial photography & remote sensing is rising in various industries, owing to the capability of drones to collect high-resolution aerial data in complex areas. Inspection & environmental monitoring is another major application segment of the market, due to the increasing use of drone services for forest monitoring, volcanic eruptions, glacier surveillance, ocean research, geophysical research, and wildlife observations, among others.

Based on duration of service, the short duration service segment is projected to lead the drone services market during the forecast period. The short duration drone service is popular in several industries for photography, inspection, and monitoring. The long duration service segment is projected to witness high growth during the forecast period, owing to the increasing use long duration drone services for mining and construction purposes.

Based on type of drone, the multirotor drone segment is projected to lead the drone services market during the forecast period because of their ability for vertical take-off and landing (VTOL) and their capacity to hover and perform agile maneuvering. This makes rotary wing drones well-suited for applications such as aerial photography, high- resolution video capturing, and facility inspections that require maneuvering around difficult spaces and the ability to maintain visuals on a single target for extended periods.

North America is estimated to lead the drone services market in 2016, due to the increased use of drone services in the infrastructure, agriculture, and media & entertainment industries. The drone services market in Asia-Pacific (APAC) is expected to witness significant growth in near future, due to the expansion of the commercial sector and improvements in policy framework regarding the use of drones in the region.

Factors such as lack of skilled and trained personnel to operate drones and stringent regulatory policies pertaining to the use of drones in civil aerospace may restraint for the growth of the drone services market.

Key market players operating in the drone services market are Airware, Inc. (U.S.), Aerobo (U.S.), CYBERHAWK Innovations Ltd. (U.K.), Sky Futures Ltd. (U.K.), SenseFly Ltd. (Switzerland), DroneDeploy Inc. (U.S.), Sharper Shape Inc. (U.S.), among others. Agreements and acquisitions & partnerships were among the key strategies adopted by the leading market players to sustain their position in the drone services market. The companies adopted the strategies to increase their reach and enhance their service offerings in the market. This strategy accounted for a share of 63% of the total developments that took place in the drone service market between 2012 and November 2016.

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