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Drone Services Market Worth 18,022.7 Million USD by 2022
  • USA - English


News provided by

MarketsandMarkets

Dec 19, 2016, 10:30 ET

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PUNE, India, December 19, 2016 /PRNewswire/ --

The report "Drone Services Market by Industry (Infrastructure, Agriculture, Entertainment, Logistics), Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics), Type of Drone, Duration of Service, and Region - Global Forecast to 2022", published by MarketsandMarkets, the 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.

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Browse 104 market data Tables and 45 Figures spread through 164 Pages and in-depth TOC on "Drone Services Market"

http://www.marketsandmarkets.com/Market-Reports/drone-service-market-80726041.html
Early buyers will receive 10% customization on this report.

Key factors expected to fuel the growth of the drone services market is the increasing demand for high quality and real time data, favorable changes in policies and regulations pertaining to the use of drones in civil aerospace and rising demand of drones in the commercial sector.

The aerial photography & remote sensing application segment is expected to dominate the market during the forecast period 

Based on application, the aerial photography & remote sensing segment of the drone services market is expected to dominate the drone services market and is anticipated to witness highest growth during the forecast period. Aerial photography and remote sensing is considered as a low cost system and is considered as the most suitable and efficient way of collecting surveillance data for 3D mapping in various industries, such as oil & gas, agriculture, and logistics, among others.

Based on type of drone, the multirotor drone segment is projected to witness highest growth during the forecast period 

Based on type of drone, the multirotor drone segment is projected to witness highest growth during the forecast period, owing to the ability of multirotor drones for vertical take-off and landing (VTOL), stability, and capacity to hover and perform agile maneuvering.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=80726041

Based on duration of service, the short duration drone segment is projected to lead the market during the forecast period 

Based on duration of service, the short duration service segment is projected to lead the drone services market during the forecast period. Short duration drone services are used in several industries for photography, inspection, and monitoring. Long duration service is projected to grow witness high growth, owing to the increasing use of long duration drone services for mining and construction purposes.

Asia-Pacific drone services market to witness high growth during the forecast period 

North America is estimated to lead the Drone Services Market in 2016, due to increased use of drone services in infrastructure, agriculture, and media & entertainment industries in the region. The drone services market in Asia-Pacific (APAC) is expected to grow witness highest growth during the forecast period, owing to the expansion of commercial sector, increase in reliability of drones, and improvement in policy framework regarding the use of drones in civil aerospace.

Buy Now @ https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=80726041

Key players profiled in the drone services market include Airware, Inc. (U.S.), SenseFly Ltd. (Switzerland), Aerobo (U.S.), Cyberhawk Innovations Ltd. (U.K.), and Sky-Futures Ltd. (U.K.), among others.


Browse Related Reports 

Unmanned Aerial Vehicle (UAV) Market by Application (Military, Civil & Commercial, Homeland Security), Class (Small, Tactical, Strategic, Special Purpose), Subsystem, Energy Source, Material Type, Payload and Region - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/unmanned-aerial-vehicles-uav-market-662.html

Drone Payload Market by Type (EO/IR, Cameras, SAR, Sigint, Elint, Comint, MPR, Laser Sensors, CBRN Sensors & Optronics), End-User (Defense & Commercial), and Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/drone-payload-market-75052126.html

Subscribe Reports from Aerospace & Defence Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
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Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: [email protected]

Visit MarketsandMarkets [email protected] http://mnmblog.org/market-research/aerospace-defence

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SOURCE MarketsandMarkets

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