PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258166
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258166
Global Drone Services Market is valued at approximately USD 9.56 billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Drone services are steadily replacing conventional commercial uses such as aerial surveys, filmmaking, and search and rescue since they can be operated for long periods and remotely by human operators or autonomously by onboard computers. Drone services are increasingly being used in civic and commercial applications due to their great durability and low operational costs. The Drone Services Market is expanding because of factors such as the rising adoption in the agricultural sector and raising the amount of data for high-quality data.
According to the World Bank, Agriculture is essential for economic growth as it accounts for 4% of global GDP and it accounts for more than 25% of GDP in some least developed countries. In January 2022, the Indian Union Ministry of Agriculture and Farmers Welfare issued rules to reduce the cost of drone technology for farmers. The amendment allows Farmer-Producer Organizations (FPOs) to receive funding for up to 75% of the cost of agricultural drones used in field demonstrations. Moreover, the growth of urban air mobility services and modification in the regulatory framework will create lucrative opportunities for the market. However, the regulatory bodies' safety concerns stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Drone Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increased adoption of drone services, as well as the presence of significant drone manufacturers in the United States. According to the Federal Aviation Administration (FAA), 872,694 drones were registered in the United States in May 2021.
Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increased government and OEM spending on drone services. APAC countries with large drone service providers include China and Japan.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Service Type offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable