Partnerships and new product launches have been the major strategies adopted by major players from 2017 to 2019 of Drone services Market
The drone services market size is expected to grow from USD 4.4 billion in 2019 to USD 63.6 billion by 2025, at a CAGR of 55.9% from 2019 to 2025. Increasing demand for drone services for industry specific applications and improved regulatory framework from Asia Pacific and the Middle East is one of the major factors driving this market.
Major players in the drone services market include Aerobo (US), Airware (US), Cyberhawk (UK), Deveron UAS (Canada), DroneDeploy (US), Identified Technologies (US), Measure (US), Phoenix Drone Services (US), Prioria Robotics (US), SenseFly (Switzerland), Sharper Shape (US), Sky-Futures (UK), Terra Drone (Japan), The Sky Guys (Canada), and Unmanned Experts (US) among others. These players have adopted various growth strategies, such as agreements, contracts, acquisitions, expansions, partnerships, joint ventures, and new service launches, to expand their presence in the drone services market. Partnerships and new product launches have been the major strategies adopted by major players from 2017 to 2019, which helped them innovate their offerings and expand their customer base.
Terra Drone is one of the leading manufacturers and suppliers of drone services across the globe. In February 2019, Terra Drone Corporation partnered with Electricity Generating Authority of Thailand to provide 12-kilometer power line drone mapping and 3D modelling services. In the same month, the company acquired AeroGeosurvey (Indonesia), a leading drone service provider in Indonesia, to increase the customer base of Terra Drone Indonesia. In January 2019, Terra Drone Corporation entered into a joint venture with Plimsoll UAV Brazil, to expand its customer base in Brazil.
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Sky-Futures is one of the leaders offering innovative drone services to different applications and focuses majorly on the European market. The company has made several contracts to expand its share in the drone services market. In December 2018, the company entered into a 3-year contract with BW Offshore (Norway) to provide drone inspection services for crude oil tanks. In May 2018, Sky-Futures Ltd. partnered with NATS (UK) to provide commercial drone pilot training. The company also signed partnership with Bureau Veritas to provide industrial inspection services through drones in Europe, in January 2018.
Identified Technologies (US) is a privately held company founded in 2013. It is one of the fastest-growing drone companies in the North American region. In June 2018, Identified Technologies partnered with Landmark Construction (US) to provide drone mapping services to their construction sites in the US. In February 2018, Identified Technologies launched new features in their drone mapping service software such as Haul Road Analysis and Slope Maps, to enhance the drone services provided to mining and infrastructure industries.
Related Reports:
Drone Service Market Application (Aerial Photography, Data Acquisition and Analytics), Industry (Infrastructure, Media & Entertainment, Agriculture), Type (Drone Platform Service, Drone MRO, Drone Training, Solution, and Region - Global Forecast to 2025
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