Market Overview

Commercial Drone-Enabled Services Revenue to Reach $22.7 Billion Worldwide by 2026, According to Tractica

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Key Applications Will Include Surveying & Monitoring, Mapping, Filming &
Entertainment, Inspection, Aerial Imagery, Data Collection & Analytics,
and Delivery & Payloads

Commercial services based on unmanned aerial vehicles (UAVs), commonly
known as drones, are growing in popularity for a wide variety of
commercial applications. According to a new report from Tractica,
global industries from agriculture to energy are harnessing the services
provided by pioneering drone companies to save money and time, while
improving the quality and safety of tasks that have traditionally been
handled by airplanes, helicopters, satellites, or manual inspections.

Tractica forecasts that global drone-enabled services revenue will
increase from $337.6 million in 2017 to $22.7 billion annually by 2026.
The market intelligence firm anticipates that the three leading
industries in the drone services market will be the film and media
industry, the utility, energy, and infrastructure sectors, and the
agriculture industry.

"In addition to traditional tasks, new capabilities and intelligent
software are enabling a variety of innovative services that were once
impossible," says senior analyst Glenn Sanders. "Major growth drivers
for companies providing commercial drone services include rapid
deployment, timely and more accurate data, provider specialization that
includes domain knowledge, and a tangible return on investment (ROI) to
clients, while minimizing capital and personnel requirements."

Sanders adds that the largest application markets for commercial drone
services will include surveying & monitoring, mapping, and filming &
entertainment. Significant opportunities also exist for inspection,
aerial imagery, data collection & analytics, and delivery & payloads.

Tractica's report, "Commercial
Drone-Enabled Services"
, examines the global market trends for
commercial drone services and provides 10-year market sizing and
forecasts for service revenue during the period from 2017 through 2026.
The report focuses on crucial market drivers and challenges, in addition
to assessing the most important technology issues that will influence
market development. In total, 43 key players and 64 emerging and other
industry players are profiled. Market forecasts are segmented by world
region, industry, and service application type. An Executive Summary of
the report is available for free download on the firm's website.

About Tractica

Tractica is a market intelligence firm that focuses on human interaction
with technology. Tractica's global market research and consulting
services combine qualitative and quantitative research methodologies to
provide a comprehensive view of the emerging market opportunities
surrounding Artificial Intelligence, Robotics, User Interface
Technologies, Wearable Devices, and Digital Health. For more
information, visit www.tractica.com
or call +1.303.248.3000.

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