Drone-as-a-Service Market: - An Overview
Drone-as-a-service is also known as outsourced aerial vehicle services, which could be used for various industry applications. Nowadays, the drones are rising in demand for a wide-range of commercial and industrial applications. The commercial drones are used for inspection, photogrammetry, telecommunication, and other purpose. The drones save time and cost along with the safety and quality, which have been traditionally performed by the helicopter, satellite, airplanes, and manual inspections. The drone-as-a-service providers helps multiple vendors to create an e-commerce platform capable of monetizing and monitoring drone-based services. The increasing application of drone services in different industries is propelling market growth.
Impact of the COVID-19 Pandemic outbreak
In the COVID-19 pandemic, the drones are used to avoid direct human interaction for the safety of the staff and the government personnel, to monitor the quarantine patients and containment areas. The drones are majorly used by police, or local governments to control the human traffic in specific areas. Drones are used for security and safety applications, delivering daily essentials items, medicals supplies and groceries, collect or dispatch lab samples, with minimum of human interaction.
Hence, drones are proving to be effective, and versatile tools. During the COVID-19 pandemic, around 5% of drones were used for transport and logistics, and 80% were used in surveying and monitoring purposes. Hence, the drones-as-a-service market is estimated to grow by around 10X from 2019 to 2025.
Drone-as-a-Service Market: Drivers and Restraints
Increasing Demand of Commercial Drones
The growing use of commercial drones will exponentially boost the demand for the drone-as-a-service market. Drones are getting increasing attention and taking mobile computing to a new era. The use of commercial drones is gaining popularity. Commercial drones are available with in-build cameras or modular arrangements allowing the installation of lightweight monitoring devices. The technology advancements in edge computing, surveillance cameras, and mobile hardware processing, has unlocked new possibilities, which is propelling the market growth. Moreover, due to the emerging cloud-based applications and data services, the drone-as-a-service market would increase to a large extent, during the forecast period.
Increasing Drones demand for aerial photography
Aerial photography has become essential to provide more comprehensive approaches in the large multi-story township projects, building projects, and smart cities. The significance of aerial photography is taken by top-notch professional film-making drones paired with adaptable high-resolution sensors. The drone-as-a-service model is offering creative angles of photography for short films, advertisements and entertainment industry, which increases the growth of the drone-as-a-service market.
Drone-as-a-Service Market: Segmentation
The drone-as-a-service market has been segmented on the basis of Application, Industry and Region.
The Drone-as-a-Service market is segmented on the basis of Application:
The Drone-as-a-Service market is segmented on the basis of Industry:
Drone-as-a-Service Market: Competition Landscape
Some of the prominent players in Drone-as-a-Service market are Aerobo, SenseFly Ltd, Cyberhawk Innovations Ltd, Sharper Shape Inc., Airware, Inc., Prioria Robotics, Measure, DroneDeploy, Deveron UAS, Phoenix Drone Services, Vermeer, and among others. These vendors have done collaborations with local emerging players, to offer drone services for wide range of applications to various industries, thereby increasing their customer bases, globally.
Drone-as-a-Service Market: Regional overview
Based on the region, the drone-as-a-service market across North America, Latin America, East Asia, Europe, South Asia & Pacific, and Middle East & Africa. North America is expected to hold the largest share of drone-as-a-services, due to large presence of key solution providers of drone systems. The increasing demand for commercial drones is steady in Europe owing to government regulations. East Asia and South Asia & the Pacific are the fastest growing regions in the drone-as-a-services market. Due to increasing investment by the major players to provide the services in major countries and maintain their market position.
The drone-as-a-service market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with drone-as-a-service market attractiveness as per segment. The drone-as-a-service market report also maps the qualitative impact of various market factors on drone-as-a-service market segments and geographies.
The report covers exhaustive analysis on:
Regional analysis includes: