Global Drone Servicing/Repair Market Overview 2024: Size, Growth Rate, and Segments
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The drone servicing/repair global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Drone Servicing/Repair Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The drone servicing/repair market size has grown exponentially in recent years. It will grow from $19.78 billion in 2023 to $29.81 billion in 2024 at a compound annual growth rate (CAGR) of 50.7%. The growth in the historic period can be attributed to increase in drone usage across various industries, growth in commercial drone applications, stringent regulations mandating regular inspections, expansion of drone fleets in enterprises, increasing demand for drone services due to the cyclical nature of the construction industry, growing demand for drone services in emerging economies.
The drone servicing/repair market size is expected to see exponential growth in the next few years. It will grow to $154.22 billion in 2028 at a compound annual growth rate (CAGR) of 50.8%. The growth in the forecast period can be attributed to rise in drone adoption for industrial inspections, development of advanced and specialized drone models, increased focus on preventive maintenance for drones, expansion of urban air mobility and drone delivery services, growing demand for drone services in the agriculture, construction, and aerial photography sectors. Major trends in the forecast period include integration of artificial intelligence in drone diagnostics, advancements in drone technology, use of predictive analytics for proactive drone maintenance, adoption of automated drone maintenance solutions, collaboration between drone manufacturers and servicing companies.
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Scope Of Drone Servicing/Repair Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Drone Servicing/Repair Market Overview
Market Drivers –
The growing adoption of precision agriculture practices is expected to drive the growth of the drone servicing or repair market in the coming years. Precision farming is a farming management approach that emphasizes the use of contemporary technology at all stages of the process. Precision farming technologies enable the identification of heterogeneous zones as well as the management of the variability that comes with a varied field. Drones are becoming more significant in precision farming, allowing farmers to lead the way in environmentally friendly farming practices while also safeguarding and growing profits. For instance, precision agricultural techniques, which can aid farmers in making better decisions, have advanced greatly in recent years, with the global industry expected to reach $43.4 billion by 2025. Therefore, the growing adoption of precision agriculture practices propels the growth of the drone servicing or repair market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The drone servicing/repair market covered in this report is segmented –
1) By Type: Drone Platform Service, MRO, Training And Education
2) By Duration of Service: Short Duration Service, Long Duration Service
3) By Solution: Enterprise Solutions, Point Solutions
4) By Application: Aerial Photography And Remote Sensing, Data Acquisition and Analytics, Mapping And Surveying, 3D Modeling, Inspection And Environmental Monitoring, Other Applications
5) By End Use Industry: Oil And Gas, Agriculture, Logistics, Media And Entertainment, Utility And Power, Other End Use Industries
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Regional Insights –
North America was the largest region in the drone servicing/repair market in 2023. Europe was the second-largest region in the drone servicing/repair market. The regions covered in the drone servicing/repair market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the drone servicing/repair market report are Airware Inc., Cyberhawk Innovations Ltd., Terra Drone Corporation, Sky-Futures Ltd., Prioria Robotics Holdings Inc., Sharper Shape Inc., Sensefly Ltd., Phoenix Drone Flying LLP, Dronedeploy Inc., Unmanned Experts Inc., Identified Technologies Corp., The Sky Guys Ltd., Skylark Drones Private Limited, Edall Systems, Drone Nerds Inc., Robotic Skies Inc., Dà-Jiāng Innovations Science and Technology Co. Ltd., Parrot SA, Yuneec International Co. Ltd., Autel Robotics Co. Ltd., PowerVision Technology Group, Walkera Technology Co. Ltd., Hubsan Technology Company Limited, Blade Urban Air Mobility Inc., Holy Stone Holdings Co. Ltd., Guangdong Syma Model Aircraft Industrial Co. Ltd., Shantou Chenghai JJRC Toy Factory, Potensic Technology Co. Limited, Force1RC LLC, Altair Aerial LLC
1. Executive Summary
2. Drone Servicing/Repair Market Report Structure
3. Drone Servicing/Repair Market Trends And Strategies
4. Drone Servicing/Repair Market – Macro Economic Scenario
5. Drone Servicing/Repair Market Size And Growth
…..
27. Drone Servicing/Repair Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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