Global Statistics Representing Manure Separator Market Scenario
The glory of nature that we have perceived is superficial. The untapped beauty is being stranded in the corners where have not reached yet. Thanks to technology, with the help of drones, it is now possible to get a picturesque view of uncharted places. Drone as a service offers numerous benefits across various industry verticals such as agriculture, construction, delivery services, and media & entertainment, among others. Services that are developed for flying robots are automated or controlled remotely through embedded software control systems. Drones are mainly deployed for applications such as security, border surveillance, and safety inspections to broadly scan & study the remote military base.
Extensive use of drones in the agriculture and media & entertainment industry is the primary factor influencing the market growth. For instance, in November 2019, Aerobo – a drone cinematography company, launched Vermeer, an augmented reality software for drones which makes highly complex aerial shots possible. The company renders services to filmmakers as well as other verticals such as real estate, construction, industrial inspection, and insurance. Moreover, in March 2019, Sony launched Drone-Mounted Ag Solution for crop management, promising to offer daily crop management and monitoring by capturing, collecting, and analyzing data on the field. Furthermore, integrating emerging technologies such as AI, cloud, and analytics, among others, are expected to offer effective outcomes for the global drone services market during the forecast period, 2019 to 2026.
The global drone services market is expected to grow at a CAGR of 56.4% during the forecast period, 2019–2026.
The mapping and surveying segment, among other service type segments, is expected to dominate the market. This technology offers a bird’s eye view for surveying and mapping by capturing photos and visuals to map out areas more efficiently. On account of such capabilities, drones are facilitating better functional operations for agriculture, construction, and various other industry verticals. Additionally, implementing drone technology in the agriculture sector will assist farmers in better data-driven decisions to enhance yield production. According to the FAO report, drones used in the Philippines are equipped with photogrammetric and navigation equipment with a ground resolution of up to three centimeters. These drones are utilized to detect conditions, such as water stress, yield health, among others.
The remote sensing and aerial photography segment, among other application segments, is expected to hold strong market share due to its exceptional ability of data collection. For instance, in March 2018, SlantRange, Inc introduced 3PX — a multispectral sensor system in partnership with DJI, to deliver advanced imaging and analytics services for enterprise drone operations in the agriculture sector. Further adoption of such advanced imaging and analytics tools for mineral exploration in the oil & gas industry, commercial industry, and recreational purposes, are expected to bolster the segment’s demand.
Geographically, the global drone service market is studied across North America, Europe, Asia Pacific, and Latin America and the Middle East and Africa (LAMEA).
North America is expected to witness significant growth in the drone services market on account of various initiatives by leading tech companies such as Uber, Amazon, and Google to instigate drone integrated autonomous delivery. For instance, in April 2019, Federal Aviation Administration (FAA) approved Alphabet’s Wing Aviation unit to start delivering goods via drones. The company, in partnership with the Virginia Tech Mid-Atlantic Aviation Partnership, will deliver commercial packages to consumers on unmanned aircraft in Blacksburg, Virginia, etc.
Europe is expected to witness healthy growth in the drone services market, owing to new drone regulations for both recreational and commercial drone operations. For instance, in June 2019, the European Union announced new drone rules — Commission Delegated Regulation (EU) 2019/945 and Commission Implementing Regulation (EU) 2019/947. These rules were published to ensure safety and security of drone operations involving protecting the privacy of the European Union citizens while offering the free circulation of drones and level of playing field within the EU.
Asia-Pacific is expected to grow at an accelerated pace in the drone services market due to the surging demand for UAV technology in surveillance, commercial, and civil applications. This is attributed to the striving efforts gravitating toward commercial drone powered solutions across several industry verticals such as agriculture, insurance, energy & utilities, infrastructure, mining, and media & entertainment, among others. Moreover, the burgeoning imports of UAV systems for military applications are boosting the market demand in the developing countries of the region. For instance, according to the Stockholm International Peace Research Institute (SIPRI), among 22.5% of the world’s UAV imports, India tops the list of drones importing nations.
The LAMEA region is expected to witness considerable growth in the drone services market due to the efforts taken to reform the urban and rural infrastructure alongside agriculture productivity. For instance, according to the Observer Research Foundation (ORF), to sustain the level of development, Africa spends around USD 75 billion every year on infrastructure, operations, and maintenance. Thus, the region can exploit drone applications in different areas by emphasizing on drone technology investments. Furthermore, by embracing the advanced technology, several opportunities are being engendered in untapped areas scattered across the LAMEA region.
Some of the prominent players in the global drone service market are Aerobo, Cyberhawk, DroneDeploy, Deveron UAS, Identified Technologies, Measure, Prioria Robotics, Phoenix Drone Services, SenseFly, Sky-Futures, Sharper Shape, The Sky Guys, Terra Drone, and Unmanned Experts.
Drone Services Market Segmentation
By Service Type