
Report ID: SQMIG25E2059
Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to drone services market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.
In may 2024(ongoing), Leading drone manufacturers unveiled new models with extended flight times, improved payload capacities, and enhanced autonomous capabilities. These advancements are expected to broaden the scope of applications for drone services
In april 2024, Leading drone manufacturers unveiled new models with extended flight times, improved payload capacities, and enhanced autonomous capabilities. These advancements are expected to broaden the scope of applications for drone services
In jan 2024, Several countries, including the US and India, witnessed progress in developing and finalizing regulations for commercial drone operations. This provides clarity and encourages further investment in the drone services sector.
In late 2023, The global drone services market reached an estimated value of around USD 18.8 billion (sources may vary slightly), signifying a stage of steady market growth and increasing adoption across industries.
In May 2023, Boeing-backed air taxi developer Wisk Aero announced it had entered an agreement with Japan Airlines (JAL) to facilitate certification and eventual introduction of its autonomous passenger aircraft across the archipelago.
In February 2023, the ePlane company developed the electric flying taxi to make urban travels quicker and hassle-free. The prototype is an electric vertical takeoff and landing (eVOTL) model and offers a range of around 200 kms on a single charge. The startup claims that the electric flying taxi can travel 10 times faster than cars.
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Drone Services Market size was valued at USD 19.43 Billion in 2023 and is poised to grow from USD 24.8 Billion in 2024 to USD 174.53 Billion by 2032, growing at a CAGR of 27.62% during the forecast period (2025-2032).
The global drone services market features a highly competitive landscape with the presence of several key players. Some of the prominent players in the market focus on product innovation and technological advancements to gain a competitive edge. They invest significantly in research and development to introduce new features and functionalities in their Drone Services solutions. Additionally, strategic partnerships, collaborations, and acquisitions are common strategies employed by these players to expand their market presence and enhance their product portfolios. With the growing demand for Drone Services solutions, the competition among these players intensifies, leading to continuous advancements and improvements in the market offerings. 'DJI (China) ', 'Parrot (France) ', 'Yuneec International (China) ', 'Autel Robotics (China) ', '3D Robotics (US) ', 'PrecisionHawk (US) ', 'AeroVironment Inc. (US) ', 'Intel Corporation (US) ', 'GoPro, Inc. (US) ', 'Freefly Systems (US) ', 'Skydio, Inc. (US) ', 'Walkera Technology Co., Ltd. (China) ', 'EHANG (China) ', 'PowerVision Technology Group (China) ', 'MMC UAV (China) ', 'Zipline International Inc. (US) ', 'SkySpecs (US) ', 'Delair (France) ', 'Terra Drone Corporation (Japan) ', 'DroneDeploy (US) ', 'Measure (US) ', 'DroneBase, Inc. (US) '
Drones offer several advantages that make them easy to access for videography purposes. Firstly, drones are compact and portable, allowing videographers to carry them easily to various locations, whether it's a remote natural landscape, urban cityscape, or event venue. They are lightweight and can be set up quickly, enabling videographers to start capturing footage swiftly. Moreover, drones are equipped with high-quality cameras and stabilization mechanisms that ensure smooth and professional-grade video capture. They offer features such as gimbal stabilization, which helps in eliminating shaky footage and achieving steady shots, resulting in visually appealing and professional-looking videos.
Rising Demand for Aerial Photography: Aerial photography, made accessible through drones, offers a bird's-eye view that captures large areas, providing a broader context and more immersive visual experience. It is widely used in industries such as construction, urban planning, and infrastructure development for accurate mapping and surveying. In the real estate sector, aerial photography helps showcase properties by highlighting their features and surroundings. Additionally, aerial photography adds a captivating element to event coverage, capturing dynamic shots that enhance the viewer's experience.
The largest market region in the drone services market is North America. North America dominates the market due to several factors, including the presence of major drone service providers, favorable regulations, and widespread adoption of drones across various industries. The US, in particular, is a key contributor to the North American market. The region's advanced infrastructure, robust technological capabilities, and supportive regulatory environment have created a conducive ecosystem for the growth of the drone services market. The use of drones in these industries for applications such as aerial photography, surveying, inspection, and monitoring has contributed to the region's market leadership.
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Report ID: SQMIG25E2059
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