DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Drone Services Market by Industry (Infrastructure, Agriculture, Entertainment, Logistics), Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics), Type of Drone, Duration of Service, and Region - Global Forecast to 2022" report to their offering.
The drone services market is estimated to be USD 705.3 million in 2016 and is projected to reach USD 18,022.7 million by 2022, at a CAGR of 71.62% during the forecast period.
The key factors expected to fuel the growth of the drone services market include increasing demand for drone services for monitoring and inspection across several industries. However, factors such as lack of skilled and trained personnel to operate drones, and stringent regulatory policies regarding drone operations in civil aerospace may act as restraints for the growth of the drone services market.
Based on industry, the infrastructure segment of the drone services market is projected to witness the highest growth, as drone services are getting affordable and are being used for various purposes such as monitor construction progress by taking topographic survey and construction progress photography to increase the productivity of construction process.
Based on application, the aerial photography & remote sensing segment is estimated to lead the drone services market during the forecast period. The demand for aerial photography and remote sensing is increasing, owing to the capability of drones to collect high resolution aerial data in complex areas.
Based on duration of service, the short duration service segment is anticipated to lead the drone services market during the forecast period. Industries such as agriculture, logistics, media & environment, infrastructure, and oil & gas are opting for short duration drone services, as the use of drones has helped reduced labor cost and increased speed of business operations.
"North America is estimated to account for the largest share of the drone services market in 2016; Asia-Pacific is expected to grow at the highest rate during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Drone Services Market, by Industry
8 Drone Services Market, by Application
9 Drone Services Market, by Type of Drone
10 Drone Services Market, by Duration of Service
11 Regional Analysis
12 Competitive Landscape
13 Company Profiles
- Airware, Inc.
- Cyberhawk Innovations Ltd.
- Dronedeploy Inc.
- Phoenix Drone Services LLC
- Prioria Robotics Holdings Inc.
- Sensefly Ltd.
- Sharper Shape Inc.
- Sky-Futures Ltd.
- Unmanned Experts Inc.
For more information about this report visit http://www.researchandmarkets.com/research/6fdj6j/drone_services