The drone photography services 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 Photography Services 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 photography services market size has grown rapidly in recent years. It will grow from $0.65 billion in 2023 to $0.78 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The growth in the historic period can be attributed to increased demand for high-quality aerial photography, cost-effectiveness compared to traditional photography methods, enhanced perspectives and visual storytelling capabilities, growing adoption across various industries, improved safety and risk mitigation, regulatory support and compliance, rising awareness and education among clients.
The drone photography services market size is expected to see rapid growth in the next few years. It will grow to $1.58 billion in 2028 at a compound annual growth rate (CAGR) of 19.4%. The growth in the forecast period can be attributed to expansion into new industries and applications, demand for specialized aerial photography services, market penetration in emerging economies, strategic partnerships with marketing agencies and real estate firms, regulatory evolution to accommodate drone photography operations, increased focus on creativity and innovation in visual content creation. Major trends in the forecast period include integration of high-resolution cameras, growth in demand for mapping applications, adoption of advanced flight planning, development of specialized services, collaboration between service providers, integration with GIS (Geographic Information System) platforms, adoption for environmental monitoring.
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Scope Of Drone Photography Services 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 Photography Services Market Overview
Market Drivers –
The expansion in the entertainment industry is expected to propel the drone photography services market going forward. The entertainment industry refers to a broad spectrum of businesses and professionals involved in creating, producing, distributing, and monetizing entertainment content for public consumption. This encompasses various forms of media such as film, television, music, theater, literature, video games, streaming platforms, and live events. Innovations like streaming services, virtual reality, augmented reality, aerial photography using drones, and advanced special effects are enhancing the quality and accessibility of the entertainment industry, leading to increased demand and opportunities for content creators. The entertainment industry maximizes drone photography services for captivating aerial shots, enhancing film and event productions with dynamic perspectives and visual spectacle. For instance, in February 2023, according to the British Film Institute, a UK-based organization for film and the moving image, the UK saw a notable increase in the combined expenditure on film and high-end television (HETV) production, reaching £6.27 billion ($8.2 billion) in 2022, compared to £5.64 billion ($7.4 billion) in 2021. The year also saw the start of main filming on 195 HETV (high-end television production) productions, leading to a total UK spending of £4.30 billion ($5.7 billion), up 3% from the previous amount of £4.09 billion ($5.3 billion) announced in 2021. Therefore, the expansion in the entertainment industry is driving the growth of the drone photography services market.
Market Trends –
Major companies operating in the drone photography services market are focused on developing innovative solutions, such as portable photography drones, to enhance versatility and accessibility and gain a competitive edge in the market. Portable photography drones are compact flying devices equipped with high-quality cameras, ideal for capturing stunning aerial photos and videos in diverse environments. For instance, in January 2024, Garuda Aerospace, an India-based developer of unmanned aerial vehicles (UAVs) or drones for the defense and aerospace sectors, launched Droni, the first product in the consumer photography and cinematography drone sector. This compact, foldable quadcopter nanodrone, weighing under 250 grams, is designed to easily fit into pockets. Equipped with 11 intelligent flight modes, such as follow-me features, circling, fading, soaring, time-lapse, tail flicking, broad and straightforward shooting, and more, Droni offers a versatile range of capabilities. Additionally, it features target management, level 7 wind resistance, and intelligent voice somatosensory control, allowing for convenient one-hand operation when needed. This product launch reflects a growing trend towards more accessible and adaptable drone technologies, enhancing the possibilities for creativity and convenience in aerial photography and videography.
The drone photography services market covered in this report is segmented –
1) By Customer Type: Residential, Commercial
2) By Application: Aerial Photography, Product Delivery, Surveillance And Inspection, Data Acquisition And Analytics, Other Applications
3) By End-Use Industry: Energy, Construction, Transportation And Warehouse, Agriculture, Mining, Oil And Gas Extraction, Public Administration, Real Estate And Industrial Plant, Entertainment And Recreational, Safety And Security, Other End-Use Industries
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Regional Insights –
North America was the largest region in the drone photography services market in 2023. The regions covered in the drone photography services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the drone photography services market are Terra Drone Corporation, Cyberhawk Innovations Limited, DroneDeploy Inc., Drone Dispatch Inc., Aerial Robotix LLC, AeroMedia Group, Edall Systems, 3DroneMapping LLC, AiriNova Inc., AerialWorks Inc., AERIUM Analytics Inc., Aeroworks Productions LLC, Aivia Group Inc., Astral Aerial Solutions LLC, Cloud 9 Creative LLC, DATA PKT Aviation, DC Geomatics LLC, DroneView Technologies LLC, Falconviz Inc., Identified Technologies Corporation, Aerobo Inc., Airware Inc., Martek Aviation Limited, Skylark Drones Pvt. Ltd., Bluesky International Limited, Artrabia UAV Services, DJM Aerial Solutions LLC, DDC Smart Inspection LLC, AUAV Pty Ltd., Avian UAS LLC
Table of Contents
1. Executive Summary
2. Drone Photography Services Market Report Structure
3. Drone Photography Services Market Trends And Strategies
4. Drone Photography Services Market – Macro Economic Scenario
5. Drone Photography Services Market Size And Growth
…..
27. Drone Photography Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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