Drone-Powered Business Solutions Market Type (Multi-Rotor, Fixed-Wing, and Others), Solution (Services, Software), Application (Filming and Photography, Mapping and Surveying, Data Acquisition and Analytics, Surveillance and SAR, 3D Modeling, Delivery Service, and Others), End Use (Real Estate and Construction, Media and Entertainment, Energy, Agriculture, Security and Law Enforcement, Logistics and Transportation, and Others), and Region 2023-2028
The global drone-powered business solutions market size reached US$ 2,052.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 15,650.5 Million by 2028, exhibiting a growth rate (CAGR) of 39.6% during 2023-2028.
Drones are aircraft without crew, human pilots, or passengers. They fly remotely in set routes according to commands transmitted by onboard computers or the user. They are widely used in business settings that require both high-quality data and mobility, ranging from broad capital projects to infrastructure maintenance. They also support strategic advisory for start-up companies and government authorities and image data processing and analytics delivering technical products and reports. Nowadays, numerous companies are developing apps that integrate, manage, and provide data collected by drone-powered business solutions in a convenient, easy-to-use web browser interface. This data assists in measuring and analyzing geospatial data.
Drone-Powered Business Solutions Market Trends:
Drone-powered business solutions can address issues faced by different organizations in managing their assets dispersed over large areas. This represents one of the significant factors stimulating the market growth. Besides this, they are employed in the agriculture sector to compile plant count and calculate fair crop loss percentage. They are also used for crop supervision and maintenance during precision farming. Additionally, as governing authorities of several countries are focusing on enabling Beyond Visual Line of Sight (BVLOS) and automated flights, the sales of drone-powered business solutions are increasing worldwide. They also aid in three-dimensional (3D) video mapping, land audit, and town planning. Apart from this, travel restrictions due to the coronavirus disease (COVID-19) outbreak are propelling the need for these business solutions to support transactions with remote asset insights. The incorporation of cloud computing, data analytics, and artificial intelligence (AI) is also offering lucrative opportunities for key market players. These players are currently focusing on innovating these solutions to expand their utilization in delivering medical supplies.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global drone-powered business solutions market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, solution, application and end use.
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3D Robotics Inc., Cyberhawk Innovations Ltd., Delair, DroneDeploy, Eagle Eye Drone Service LLC, FlyWorx LLC, Phoenix Drone Services LLC, Pix4D SA (Parrot SA), PrecisionHawk and Skylark Drones.
Base Year of the Analysis
Type, Solution, Application, End Use, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
3D Robotics Inc., Cyberhawk Innovations Ltd., Delair, DroneDeploy, Eagle Eye Drone Service LLC, FlyWorx LLC, Phoenix Drone Services LLC, Pix4D SA (Parrot SA), PrecisionHawk and Skylark Drones
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Key Questions Answered in This Report
The global drone-powered business solutions market was valued at US$ 2,052.0 Million in 2022
We expect the global drone-powered business solutions market to exhibit a CAGR of 39.6% during 2023-2028.
The rising adoption of drone-powered business solutions as a convenient and easy-to-use web browser interface that assists in measuring and analyzing geospatial data is primarily driving the global drone-powered business solutions market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment of drone-powered business solutions to support transactions with remote asset insights.
Based on the type, the global drone-powered business solutions market has been divided into multi-rotor, fixed-wing, and others, where multi-rotor currently exhibits a clear dominance in the market.
Based on the solution, the global drone-powered business solutions market can be categorized into services and software. Currently, services account for the majority of the global market share.
Based on the application, the global drone-powered business solutions market has been segregated into filming and photography, mapping and surveying, data acquisition and analytics, surveillance and SAR, 3D modeling, delivery service, and others. Among these, filming and photography currently holds the largest market share.
Based on the end use, the global drone-powered business solutions market can be bifurcated into real estate and construction, media and entertainment, energy, agriculture, security and law enforcement, logistics and transportation, and others. Currently, media and entertainment exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global drone-powered business solutions market include 3D Robotics Inc., Cyberhawk Innovations Ltd., Delair, DroneDeploy, Eagle Eye Drone Service LLC, FlyWorx LLC, Phoenix Drone Services LLC, Pix4D SA (Parrot SA), PrecisionHawk, and Skylark Drones.
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