The Drone Market and Industry Trends

The Drone Services Market Is Estimated To Be USD 705.3 Million In 2016 And Is Projected To Reach USD 18,022.7 Million By 2022, At A CAGR Of 71.62% During The Forecast Period. The Base Year Considered For The Study Is 2015 And The Forecast Period Is From 2016 To 2022.

The Report Provides In-Depth Market Intelligence Regarding Market Dynamics And Major Factors, Such As Drivers, Restraints, Opportunities, And Industry-Specific Challenges Influencing The Growth Of The Drone Services Market, Along With Analyzing Micromarkets With Respect To Individual Growth Trends, Future Prospects, And Their Contribution To The Drone Services Market.

The Report Also Covers Competitive Developments, Such As Long-Term Contracts, Joint Ventures, Mergers, New Product Launches And Developments, And Research & Development Activities In The Drone Services Market, In Addition To Business And Corporate Strategies Adopted By Key Market Players.

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The Ecosystem Of The Drone Services Market Comprises Defense Forces, Manufacturers, Suppliers, And Technology Support Providers. Some Of The Key Market Players Operating In The Drone Services Market Are Airware, Inc. (U.S.), Aerobo (U.S.), Cyberhawk Innovations Ltd. (U.K.), Sky Futures Ltd. (U.K.), Sensefly Ltd. (Switzerland), Dronedeploy Inc. (U.S.), And Sharper Shape Inc. (U.S.), Among Others. They Offer Advanced Technology Systems, Products, And Services. They Also Provide A Broad Range Of Management, Engineering, Technical, Communications, Information Services, And Drone Services Capabilities.

Based On Industry, The Infrastructure Segment Of The Drone Services Market Is Projected To Witness Highest Growth, Owing To The Increasing Use Of Drones In The Infrastructure Industry For A Broad Range Services, Such As Aerial Photography & Remote Sensing, Data Acquisition & Analytics, And Mapping & Surveying, Among Others. The Agriculture Industry Is Also One Of The Major Segments In The Drone Services Market, As Drone-Based Services Such As Crop Monitoring, Inspection, And Pesticide Spraying Are Widely Being Adopted In This Industry.

Based On Application, The Aerial Photography & Remote Sensing Segment Of The Drone Services Market Is Projected To Witness Significant Growth. The Demand For Aerial Photography & Remote Sensing Is Rising In Various Industries, Owing To The Capability Of Drones To Collect High-Resolution Aerial Data In Complex Areas. Inspection & Environmental Monitoring Is Another Major Application Segment Of The Market, Due To The Increasing Use Of Drone Services For Forest Monitoring, Volcanic Eruptions, Glacier Surveillance, Ocean Research, Geophysical Research, And Wildlife Observations, Among Others.

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Based On Duration Of Service, The Short Duration Service Segment Is Projected To Lead The Drone Services Market During The Forecast Period. The Short Duration Drone Service Is Popular In Several Industries For Photography, Inspection, And Monitoring. The Long Duration Service Segment Is Projected To Witness High Growth During The Forecast Period, Owing To The Increasing Use Long Duration Drone Services For Mining And Construction Purposes.

Keyword: Drone Services Market Size, Drone Service Industries, Drones Service Industry, Drone Analytics Market

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