Market Overview

Commercial Drone-Enabled Services


Commercial Drone-Enabled Services

PR Newswire

NEW YORK, August 21, 2018 /PRNewswire/ -- Small Unmanned Aircraft Systems Services for Aerial Imagery, Surveying & Monitoring, Mapping, Inspection, Filming & Entertainment, and Delivery: Global Market Analysis and Forecasts

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Commercial services based on unmanned aerial vehicles (UAVs), commonly known as drones, are growing in popularity for a wide variety of commercial applications. 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 performed by airplanes, helicopters, satellites, or manual inspections. In addition to traditional tasks, new capabilities and intelligent software are enabling a variety of innovative services that were once impossible. 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.

Tractica's research indicates 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. For the film and media industry, drones represent a way to more quickly capture high-resolution aerial footage at a much lower cost than with helicopters. Utility, energy, and infrastructure companies are taking advantage of affordable drone-based services to affordably inspect infrastructure and equipment more frequently and safely than before. The use of drone services for agriculture offers a cost-effective way to dramatically increase yields while reducing expenses. Starting from a base of $337.6 million in 2017, global commercial drone-enabled services revenue is forecast to reach $22.7 billion by 2026, with cumulative revenue for the 10-year period totaling $62.1 billion.

This Tractica report examines the global market trends for commercial drone services and provides 10-year market sizing and forecasts for their 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.

Key Questions Addressed:

  • What is the current state of the commercial drone-enabled services market and how will it develop over the next decade?
  • What are the key applications for drone services and which will be most widely used?
  • What are the primary business models and use cases that will drive greater adoption of drone services?
  • What are the key drivers of market growth, and the key challenges faced by the industry, in each world region?
  • Who are the key players in the drone services market, what is their competitive positioning, and which ones are poised for greatest success in the years ahead?
  • What is the size of the drone services market opportunity, and what are the major growth opportunities?

Who Needs This Report?

  • Drone service providers
  • Drone hardware manufacturers
  • Semiconductor and component vendors
  • Data analysis software developers
  • Commercial users of drone services
  • Government agencies
  • Investor community

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