Global Drone Services Market worth USD 9.17 Billion by 2024

Global Drone Services Market worth USD 9.17 Billion by 2024

Pune, India, April 03, 2019 -- /360iResearch/ -- The report "Global Drone Services Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 0.98 billion in 2017 and is projected to reach USD 9.17 billion by 2024, growing at a CAGR of 37.61% from 2017 to 2024.

The major forces driving the growth of the drone services market include the rising demand for drone services across the various commercial sector and recent improvement in policies by drone service providers. Moreover, increasing requirement for quality data for better inferences and iot leading to the increased application of smart drones are also some of the factors that are driving the market growth. However limited skilled personnel for operating drone, and stringent policies regarding drone operations especially in civil aerospace may hinder the market growth. In the middle of difficulty lies opportunity such as the growing adoption of drones in infrastructure, media & entertainment, and agriculture industries, and potential in the asia pacific owing to the expansion of the commercial sector and update policies. The possible challenges for the market growth is limited endurance affecting the operation of drones. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on function, the global drone services market is studied across 3D Modeling, Aerial Photography & Remote Sensing, Data Acquisition & Analytics, Disaster Risk Management & Mitigation, Inspection & Environmental Monitoring, Mapping & Surveying, and Product Delivery. Based on application, the global drone services market is studied across Agriculture, Audit, Surveillance, Inspection & Monitoring, Consumer Goods & Retail, Energy & Utilities, Environmental Resource Management, and Media & Entertainment. Based on end user, the global drone services market is studied across Civil & Commercial, Military & Defense, and Public Safety. Based on geography, the global drone services market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the drone services market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Aerobo, Airmap, Airware, Inc., B4UFly, Cyberhawk Innovations Ltd., DGI, DroneDeploy, Dronedeploy Inc., Phoenix Drone Services LLC, PhotoPills, Pix4D, Prioria Robotics Holdings Inc., Sensefly Ltd., Sharper Shape Inc., Sky-Futures Ltd., and Unmanned Experts Inc..

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