Drone Service Market to experience a healthy CAGR of 57.2%
February 17, 2020
Drone Service Market Overview:
Drone Service Market is likely to witness an impressive CAGR of 57.2% during the forecast period. Increased requirement for qualitative data in various industries, growing use of drone services for industry-specific solutions, and improvised regulatory framework are the prime factors expected to bolster the growth of the global drone service market during the forecast period.
Report Overview:
This report, from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Drone Service Market Segment Insights:
Enterprise Segment: The growth engine
Based on the solution type, the market is segmented as enterprise and point. The enterprise segment is expected to grow at a higher rate in the coming five years. The growth of this segment can be attributed to the fact that enterprise solutions deliver end-to-end services to various industries. Further, escalating demand for analytical services and software solutions in the drone service market is propelling growth of the segment.
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Dominance of: Aerial Photography & Remote Sensing Application
Based on the application type, the market is segmented as aerial photography & remote sensing, data acquisition & analytics, mapping & surveying, 3D modeling, disaster risk management & mitigation, inspection & environmental monitoring, and others. The aerial photography & remote sensing application segment is estimated to register the highest growth during the forecast period. The growth of the segment is owing to the increase in the demand for aerial photography from various sectors, such as architecture, infrastructure, civil engineering, and oil & gas across the world.
A highly/moderately/fragment consolidated Market
Some of the major players in the drone service market are Aerobo, Airware, Cyberhawk Innovations Limited, Dronedeploy, Edall Systems, Identified Technologies, Martek Aviation, Precision Hawk, Sky-Futures Ltd., Sky-Futures Ltd., and Terra Drone Corporation.
Regional Hegemony of North America
In terms of regions, the drone service market in the Asia-Pacific region is estimated to witness the highest growth during the forecast period. This growth is owing to the increasing number of drone services being used by various industries, such as mining, agriculture, and oil & gas in the region. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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