The Drone Servicing/Repair by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Drone Servicing/Repair, 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.
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.
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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
The growing technological advancements are an emerging trend in the drone servicing or repair market. Major companies operating in the drone servicing or repair sector are focused on developing technological solutions for drone services to strengthen their position. For instance, in August 2021, Qualcomm Technologies Inc., a US-based provider digital wireless telecommunication products and service, unveiled Qualcomm Flight RB5 5G Platform, the world’s first drone platform and reference design with 5G and AI functionality. Based on Qualcomm Technologies’ latest IoT offerings, the Qualcomm Flight RB5 5G Platform delivers high-performance, low-power, 5G drones powered by Qualcomm QRB5165 processors. A broad range of sectors are supported by the Qualcomm Flight RB5 5G Platform, including film and entertainment, security, emergency response, delivery, defense, inspection, and mapping.
The drone servicing/repair market report table of contents includes:
1. Executive Summary
2. Drone Servicing/Repair Market Characteristics
3. Drone Servicing/Repair Market Trends And Strategies
4. Drone Servicing/Repair Market – Macro Economic Scenario
5. Global Drone Servicing/Repair Market Size and Growth
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26. South America Drone Servicing/Repair Market
27. Brazil Drone Servicing/Repair Market
28. Middle East Drone Servicing/Repair Market
29. Africa Drone Servicing/Repair Market
30. Drone Servicing/Repair Market Competitive Landscape And Company Profiles
Top Major Players:
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