Drone Services Market

Market Leader - Drone Services Market

Drone services is an evolving market for services offered for flying drones that can be remotely controlled or flown autonomously by integrating software-controlled flight plans into their embedded systems. Commercial drone services support industries such as agriculture, insurance, construction, marine, aviation, oil & gas, mining, and infrastructure in performing tasks such as search and rescue, package delivery, industrial inspection, assembling imagery, spraying fertilizers, distributing healthcare supplies to remote places, and broadcasting shows.

The drone services market based on type of the service provided has been segmented into platform (which is sub-segmented into flights piloting & operation, data analysis, and data processing), MRO, and simulation & training. Based on application, drone services market has been segmented into inspection & monitoring, mapping & surveying, spraying & seeding, filming & photography, transport & delivery, and security, search, and rescue. Based on industry, the drone services market has been segmented into construction & infrastructure, agriculture, utility, oil & gas, mining, defense & law enforcement, media & entertainment, scientific research, insurance, aviation, marine, healthcare & social assistance, and transportation, logistics, & warehousing. These industries use a wide range of drone services, such as inspection & monitoring, mapping & surveying, and filming & photography. The drone services market based on solution has been segmented into end-to-end and point solutions. The scope of the end-to-end solution segment includes all platform services, such as piloting & operations, data analytics, and data processing. The point solutions are specific only to piloting or data processing for applications such as surveying, inspection, and monitoring.

The drone services market is segmented according to five key regions in this report, namely, North America, Europe, Asia Pacific, Middle East and the Rest of the World (RoW), along with their key countries.

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The drone services market is estimated to grow from USD 13.9 Billion in 2021 to USD 40.7 Billion by 2026, at a CAGR of 23.8% from 2021 to 2026. North America is estimated to account for the largest share of the drone services market in 2021.

Drone services are rapidly replacing the applications of legacy services in the commercial sector, such as aerial surveys, filmography, and search & rescue, as they can be operated for long periods and remotely by human operators or autonomously by onboard computers. The usage of drone services has increased in various civil and commercial applications due to their high endurance and low operational costs. Besides, the incorporation of new technologies, such as artificial intelligence, IoT, and cloud computing in drone services is expected to further fuel their demand in various sectors.

Agreements, collaborations, new product developments, contracts, expansion, acquisitions, and partnerships are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the drone services market. For example, in June 2021, Aerodyne Group publicized a collaboration to deliver global Drone-as-a-Service (Daas) and Software-as-a-Service (SaaS) solutions in the Italian asset inspection market for infrastructure maintenance and the agriculture (service offerings) sector. Key players operating in the drone services market include Cyberhawk (UK), Sky-Futures Ltd. (UK), senseFly Ltd. (Switzerland), DroneDeploy Inc. (US), Terra Drone Corporation (Japan), PrecisionHawk (US), and Aerodyne Group (Malaysia).

TERRA DRONE CORPORATION

Founded in 2016 and based in Tokyo, Japan, Terra Drone Corporation is a commercial drone service provider operating worldwide. The company is privately held and employed more than 250 employees worldwide in 2018. The company offers a wide range of drone services, such as aerial photography and remote sensing, drone inspection, aerial mapping & surveying, 3D modelling and drone data collection and analytics. Terra Drone Corporation serves customers from various industries including agriculture, utility & power, infrastructure, public safety, and mining. The company also offers software for planning, supervision, and management of drone flights. Terra Drone Corporation has offices in Asia Pacific, Europe, Africa, North America, and Latin America. As of February 2021, Terra Drone Corporation, the world’s leading drone solution provider, declared the closing of a JPY 1.5 billion (USD 14.4 million) Series A round funding.

PRECISIONHAWK

PrecisionHawk manufactures and develops drones, software, and related safety solutions that find applications in the agriculture, utility, oil & gas, insurance, construction, and government verticals. The company provides a complete range of advanced drone technology platforms that help in flight mapping, tracking, and analysis. PrecisionHawk’s Unmanned Aerial Intelligence Technology Center of Excellence (UAS COE) was set up to help gather aerial intelligence for governmental agencies such as the US Department of Defense and North Carolina State Department of Transportation (US). The company is a member of the US Federal Aviation Administration Pathfinder Initiative and the NASA UTM Program. As of August 2020, PrecisionHawk revealed that it has conferred two patents for technologies developed by it for its unmanned aircraft system traffic management (UTM).

AERODYNE GROUP

Aerodyne Group is a world-renowned provider of drone-based enterprise solutions, and a forerunner in the usage of AI in the form of enabling technology for large-scale data capture and analytics. Aerodyne work on an exceptional level in the UAV services sector. Till now they have accomplished over 48,000 flight operations, inspected more than 201,000 properties, and surveyed in surplus of 38,000km of power infrastructure. Aerodyne, have a full-time staff of over 260 comprising pilots, engineers, software developers and industry experts. They have offices in 20 countries around the globe, with plans to continue their growth into a range of territories and verticals during 2018 and beyond. In June 2021, Aerodyne Group publicized a collaboration to deliver global Drone-as-a-Service (Daas) and Software-as-a-Service (SaaS) solutions in the Italian asset inspection market for infrastructure maintenance and the agriculture (service offerings) sector.

SENSEFLY

Incorporated in 2009 and headquartered in Cheseaux-sur-Lausanne, Switzerland, senseFly Ltd. is a privately held subsidiary of Parrot SA, a global manufacturer of consumer technology products. The company has employed 200 people in 2018. senseFly Ltd. is operational in the design, development, and manufacturing of ultralight unmanned aerial vehicle and drone-based software solutions for the drone service industries. The company’s highly integrated software solutions help in flight management, flight monitoring & planning and analysis of the collected data. The company serves customers from various industries including engineering & construction, surveying, GIS, mining, agriculture, and environmental assessment & protection. In March 2019, senseFly Ltd. launched eBee X, a fixed-wing drone equipped with Red-Edge- MX sensors developed by MicaSense to provide high-resolution insights to customers in the agricultural industry.

CYBERHAWK

Cyberhawk was founded in 2008 and is headquartered in Livingston, UK. The company had an employee base of more than 100 people in 2018. Cyberhawk provides industrial inspection and land surveying services for both onshore and offshore platforms in the oil & gas industry. The industrial inspection services offered by the company include inspection of infrastructure, live flare, chimney, and wind turbines. It also provides services such as flood risk surveys, environmental impact assessments, construction progress photography, line of sight surveys, site surveys, route analyses, landfill surveys, storm damage analyses, ecological surveys, forestry management surveys, and 3D modeling. Cyberhawk is a leading company offering remote aerial inspection and surveying. It provides data through software named iHawk using Geographic Information System (GIS) that captures, stores, analyzes, and integrates data, which is presented systematically for a user-friendly experience. In June 2020, Cyberhawk announced that it has acquired a 5-year, multimillion-dollar software contract with Royal Dutch Shell PLC (Shell).

Related Reports:

Drone Services Market by Type (Platform Service, MRO, and Training & Simulation), Application, Industry, Solution (End-to-End, Point), and Region ( North America, Europe, Asia Pacific, Middle East, and Row) - Global Forecast to 2026

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Report Code
AS 4841
RI Published ON
9/13/2021
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