Global Drone Services Market Trends and Segmentation 2016-2024
According to Goldstein Research, “Drone based captured data is rapidly becoming a resourceful and reliable way for businesses to gather aerial insights and make smarter business decisions.” From military applications, to inspection, to surveying and beyond companies are rapidly deploying drones into their day-to-day operations. Marking a huge change in the commercial drone industry as major industry players begin to roll out enterprise drone programs. Global drone service market valued USD 0.850 billion in 2016 owing to growing demand for drone services in various industries for monitoring and inspection. Further, the market is expected to expand at a CAGR of 57.8% over the forecast period i.e. 2016-2024 and is likely to reach USD 9.4 billion by the end of forecast period. The global drone services market segmentation has been carried out on the basis of services and end users. Service segment is further bifurcated into 3D monitoring, aerial mapping, facility inspection, aerial photography and videography and stockpile measurement. Based on applications aerial photography and 3D monitoring services are expected to dominate the global drone services market and anticipated to reach highest growth rate over the forecast period.
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