Drone Service Market Growth, Top Vendors, Future Prospects and Forecast by 2027

Posted by Avi on October 19th, 2022

The Drone Service Market providers are gaining prominence in the commercial sector because the end users are seeking various ways to cut down operational cost in their business. Owning a drone and maintenance of the machine involves significant cost, and along with the same, the end user has to hire a skilled drone operator which again incurs a huge cost. Instead of owning a drone, various companies operating in the commercial sectors are opting for third-party drone service providers which enable them to cut down cost. This factor is positively impacting on the growth of the drone service market. Industries such as real estate and infrastructure and media & entertainment have adopted the technology heavily, which have facilitated the service providers to increase their annual revenue, and thus fuel the growth of the drone service market. 

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The major players operating in the market for drone services include Terra Drone Corporation, CyberHawk Innovations Limited, Drone Volt, Zipline, Aerodyne Group, Airinov, Sky Future, SkySpecs, Measure and Flirtey among others. Some of the other prominent market participants are Sharper Shape, Martek Aviation, Azur Drones, Texo Drone Services, Australian UAV, Phoenix Drone Services LLC, Falcon Drone Services, and The Sky Guys among others.

Another, industry which is foreseen to drive the demand for drone services exponentially, is the e-commerce industry. The e-commerce industry has grown immensely over the years in the developed economies as well as the developing nations. The primary driver for the e-commerce industry is that the customers can purchase from and receive the goods at the most convenient location. Owing to this the entire e-commerce market is gaining a great attraction. However, the time taken to deliver goods and parcels was longer in earlier days, with the emergence of advanced technologies and faster parcel delivery options such as through drones are making the e-commerce industry players simplify the delivery process and at a much lesser time. 

The drone service market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. The most prominent region in global drone service market accounted for North America in 2017. The dominance of the area is majorly attributed to the presence of large numbers of third party service providers. The demand for drone service in the US is continually rising as the number of end users is increasing in different sectors. Canada on the other hand is expected to create tremendous demand for drone services, as the real estate sector is booming in the country and the adoption of advanced technology services is escalating in the current scenario.

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