Global Drone Data Services Market is valued at USD 901.3 Million in 2021 and is expected to reach USD 19,730.0 Million by 2028 with a CAGR of 55.4% over the forecast period.
Global Drone Data Services Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: Rising adoption of drone services in the agricultural industry and growing need for application aerial photography and 3D scanning in building information modeling (BIM) are some of the major factors driving the growth of the global drone data services market.
Companies receive a substantial quantity of data from drones and their sensors, which expands the applications and capabilities available to them for use in their business operations. Operational intelligence and predictive/preventive maintenance are significantly improved by the examination of the acquired data. Companies are now using data management systems more often to process and analyze data in order to identify and categorize noteworthy occurrences and provide reports. Drone data service providers are anticipated to become more well-known by enabling businesses everywhere to better utilize UAV footage, which may be accomplished by turning it into useful data in the form of uncomplicated 3D models, Digital Elevation Models (DEMs), and orthomosaic maps. A growing number of businesses are attempting to break into the UAV software market and create software to offer mapping and aerial image processing services to the commercial sector.
Businesses like Parrot SA and 3D Robotics have consciously decided to change their business model from producing UAVs to creating UAV software. Additionally, 3D Robotics has already established itself as a business that specializes in the creation of UAV software and offers drone photography services for uses in civil engineering, construction, and mapping and surveying.
The current COVID-19 pandemic situation has had a favorable effect on the global drone services sector. The pandemic's effects cause a serious disruption in the supply chain and lack of skilled workforce due to social distancing norm by different country. As a result, the drone has opened up new opportunities in various sectors since it can carry products and services in remote regions without the need for human assistance. According to a UNICEF report, 18 nations built drone delivery and transportation systems during the epidemic. Drones are also used by numerous nations, like Ghana, Malawi, and Rwanda, to provide services, medical supplies, and medical samples.
The global Drone Data Services market is segmented based on service type, platform, end-user, solution, end-use, and region & country level. Based on service type, the global Drone Data Services market is segmented into mapping and surveying, photogrammetry, 3D modeling & digital elevation model (DEM), and others. By platform, the market is segmented into cloud-based and operator software. By end-user, the global Drone Data Services market is segmented into real estate & construction, agriculture, mining, and others.
An increasing number of businesses are expected to enter the drone data services market in the coming years, fueling the sector's rapid expansion. The number of new businesses entering the market and young start-ups expanding across all sectors is on the rise. Manufacturers and service providers are currently leaving their traditional business procedures and concentrating their efforts on the creation of intelligent software based on visual data
The regions covered in the global Drone Data Services market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Drone Data Services is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for the global Drone Data Services market report cover prominent players like
Expanding use of drone services in the agricultural sector is anticipated to drive market growth. The drone is widely used for a variety of commercial tasks, such as aerial photography, filming, environmental mapping, and agricultural transportation. Drones improve farming practices and increase yield. The business is increasing and the need for drone services is rising as a result of the expanding requirement for precision farming. Crop productivity may increase owing to precision farming. In order to improve the efficacy of drones, drone OEMs invest in research and development to develop thermal cameras, multispectral sensors, and LiDAR. In order to gather analytical data, the drones fly at a specified height equipped with sensors. Moreover, guidelines were published in January 2022 by the Indian Union Ministry of Agriculture and Farmers Welfare to reduce the cost of drone technology for farmers. The amendment allows farmer-producer organizations (FPOs) to be eligible for funding for up to 75% of the price of agricultural drones used in field demonstrations.
In the upcoming years, it is projected that the market would grow due to rising demand for applications such as aerial photography and 3D scanning in building information modeling (BIM). A lot of applications employing high-resolution cameras have made photography popular, and this is owing in large part to the mass availability of affordable drones. Large township projects, multistory building projects, and creative city developments can all benefit from the larger perspectives offered by aerial photography. In the construction and infrastructure sectors, demand is also rising. As a result, the market is expanding due to the growing demand for drones in various forms of photography and videography.
Safety concerns by various regulation bodies are affecting the demand for drone services. In order to prevent privacy violations as well as some safety issues, UAV services are subject to rules and regulations by different nations for drone platforms, which may restrain the market growth. Similarly, the Indian government has established strict standards for services. A smartphone app that automatically analyzes and accepts or rejects the request is one of the rules that drone pilots must follow before every flight. India's approach is known as "No Permission, No Takeoff" (NPNT). To operate a drone via the DigitalSky platform, a drone pilot must have authorization. All drone operators in India are required to register their aircraft on the DigitalSky platform and submit a flying authorization request for each flight. The Directorate General of Civil Aviation (DGCA) launched the DigitalSky platform for drone authorization in December 2018.
In 2021, North America held the greatest market share, and it is expected that it would continue to dominate over the projected period. The expanding usage in civil aerospace and the rising demand for drones for commercial use are both responsible for regional expansion. The demand for high-quality, real-time data is growing in the region's economic sectors, notably in the US, and there have been positive developments in the laws governing how these devices may be used in company operations. It is projected that the growing use of drone services and the presence of important drone manufacturers in the U.S. will drive market expansion in North America. In May 2021, the Federal Aviation Administration (FAA) reported that 872,694 drones had been registered in the United States.
Additionally, over the course of the projected period, the European market, which was valued at over USD 40 million in 2021, is anticipated to rise significantly. The contradictory and perplexing patchwork of federal laws governs the regional UAV industry. Due to this uncertainty, there are more UAV operators in the region, which is increasing the need among regional firms for analytical services based on drone data.
Over the next eight years, Asia Pacific is anticipated to become the fastest-growing regional market, expanding at a CAGR of more than 60%. The expansion of the business sector and improvements to the legal framework governing the use of drones for commercial purposes are associated with this growth.
Middle East and Africa
|2018 - 2021
|2021 - 2028
|Market Size in 2021:
|USD 94.6 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 613.7 Billion
|Tables, Charts & Figures:
|3D Robotics, Inc., Parrot Drones SAS, Airware, DroneDeploy, 4DMapper, PrecisionHawk, Inc., Sentera, Inc., Ninox Robotics Pty Ltd, Pix4D SA, Skycatch, Inc., GeoCue Group, Sky Futures, MAG Canada, CYBERHAWK INNOVATIONS LIMITED, Aerialair Aerospace, ABB, ADTECH (SHENZHEN) TECHNOLOGY CO., LTD., Quest Solution Inc. among other domestic and global players.
|By Service Type, By Platform, By End-user.
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa
By Service Type:
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