Global Drone-Powered Business Solutions Market to Reach US$ 40,795.6 Million by 2032, Propelled by the Wide Product Employment in the Agriculture Sector

April 12, 2023 | Technology & Media

The latest report by IMARC, titled “Drone-Powered Business Solutions Market Report by 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 2024-2032”, finds that the global drone-powered business solutions market size reached US$ 2,879.0 Million in 2023. Drone-powered business solutions refer to the utilization of unmanned aerial vehicles (UAVs), also known as drones, to provide numerous business services in various industries. These drones contain advanced technology, such as sensors, high-quality, and other specialized tools, that enable businesses to perform tasks that would be otherwise costly or impossible to achieve. In recent years, drone-powered business solutions have gained traction as they offer an efficient, cost-effective, and safer alternative to conventional methods of performing numerous tasks.

Global Drone-Powered Business Solutions Market Trends:

One of the primary factors driving the market is the assistance the product offers to numerous organizations in managing their assets scattered over large areas. Additionally, the wide product employment in the agriculture sector to compile the plant count and calculate fair crop loss percentage, is creating a positive market outlook. Other than this, the augmenting demand for automation and digitalization in numerous industries is positively influencing the market growth. Besides this, the exponential growth in the e-commerce industry is leading to a rising demand for fast and efficient logistics solutions. Furthermore, utilities and transmission and distribution operators are utilizing drone-powered business solutions in the energy sector to minimize costs, increase reliability and response times, and improve safety across their systems. Moreover, rapid technological advancements and extensive research and development (R&D) activities are creating lucrative growth opportunities for the key players operating in the industry. Looking forward, IMARC Group expects the market value to reach US$ 40,795.6 Million by 2032, expanding at a CAGR of 33.2% during the forecast period (2024-2032).

Market Summary:

On the basis of the type, the market has been divided into multi-rotor, fixed-wing, and others.
Based on the solution, the market has been segregated into services and software.
On the basis of the application, the market has been segmented into filming and photography, mapping and surveying, data acquisition and analytics, surveillance and SAR, 3D modelling, delivery services, and others.
Based on the end use, the market has been categorized into real estate and construction, media and entertainment, energy, agriculture, security and law enforcement, logistics and transportation, and others.
Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been analyzed, with some 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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Type, Solution, Application, End Use, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Drone-Powered Business Solutions Market to Reach US$ 40,795.6 Million by 2032, Propelled by the Wide Product Employment in the Agriculture Sector

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