United States Drone Services Market Size By Type (Drone Platform Services, Drone Training & Education Services), By Application (Data Acquisition & Analytics, Mapping & Surveying), By Industry Vertical (Agriculture, Utility), And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUnited States Drone Services Market Size And Forecast
United States Drone Services Market size was valued at USD 2576.57 Million in 2024 and is projected to reach USD 39293.78 Million By 2031, growing at a CAGR of 44.76% from 2024 to 2031.
The ‘United States Drone Services Market’ is witnessing significant growth owing to various driving factors such as technological advancement, regulatory support, cost-effectiveness, etc. Drone applications have increased owing to advancements in drone technology, such as enhanced flight capabilities, extended battery life, better sensors, and AI integration. The United States report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
United States Drone Services Market Executive Summary
Drones are unmanned air vehicles that can carry a payload and have sensors that can be used for sensing and image capture. Drones have been widely used by hobbyists for photo shoots and sporting events. Commercial and civil applications will dominate the future of the drone services industry in the United States. Drones, on the other hand, are widely used in military and homeland security applications. Defense companies are concentrating their resources on the U.S. market, investing heavily in the production of more advanced applications for small unmanned air vehicles that are more feasible, compact, and cost-efficient.
They can operate for longer periods of time if the vehicle allows it (no human fatigue in the plane). Drones can perform the geological survey as they perform the thermal or visual imaging, and measure the radio and cell coverage over any terrain. Agriculture, urban growth, disaster management, traffic management, healthcare, forest and wildlife management, mining, and defense, and mining are just a few of the industries where drones have effectively disrupted business and operating models. They have given organizations the ability to collect real-time and highly accurate data in the most cost-effective way possible.
Okay, so the United States Drone Services Market is broken down into three main areasType, Application, and Industry Vertical. Think of these as different lenses through which we can understand the market, offering both a feel for the market (qualitative) and hard numbers (quantitative) about drone products and services. Looking at "Type," you've got categories like Drone Platform Services, Drone Maintenance, Repair, and Overhaul (MRO) Services, and Drone Training & Education Services. It turns out Drone Platform Services was the big winner in 2022, and experts predict it'll keep soaring with a growth rate (CAGR) of 57.38% over the next few years! And coming in second place in 2022? That was Drone Maintenance, Repair, and Overhaul (MRO) Services.
So, how's the market shaping up? Well, if you break it down by Application, you've got everything from Aerial Photography & Remote Sensing to Data Acquisition & Analytics, Mapping & Surveying, Modelling, Disaster Risk Management & Mitigation, Inspection & environmental monitoring, and even an "Others" category. In 2022, Aerial Photography and Remote Sensing was the big player, and it's expected to keep booming with a whopping 59.37% CAGR! Mapping and Surveying came in second. Now, looking at Industry Verticals, the segments include things like "Construction and Infrastructure, Agriculture, Utility, Oil and Gas, Mining, Defense, and Logistics." Oil & Gas led the pack in 2022, and it's predicted to surge with a 62.07% CAGR. Agriculture took the silver medal last year.
The United States Drone Services Market is really taking off! We're seeing tons of growth, and that's thanks to things like amazing new tech and even some helpful rules. Drones are getting cooler and more useful because they can fly longer, sense more, and even think a little thanks to AI. Plus, let's be honest, using a drone to check a bridge or watch over a farm is way cheaper than the old-fashioned ways. The FAA has helped too, by setting up rules (like Part 107) that make it easier to fly drones for business. Of course, there are still bumps in the road – some people worry about privacy and safety, and drones can't fly forever just yet. But, with smarter drones on the horizon, things are looking really bright for the future of drone services in the US.
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United States Drone Services Market Segmentation Analysis
The United States Drone Services Market is segmented on the basis of Type, Application, and Industry Vertical.
United States Drone Services Market, By Type
- Drone Platform Services
- Drone Maintenance, Repair, and Overhaul (MRO) Services
- Drone Training & Education Services
To Get a Summarized Market Report By Type-
So, when we look at the market by Type, it breaks down into a few key areasDrone Platform Services, Drone Maintenance, Repair, and Overhaul (MRO) Services, and Drone Training & Education Services. Right now, the Drone Platform Service segment is really taking off in the United States! In fact, it held the biggest piece of the pie in 2022, grabbing 46.58% of the market – that's USD 2,680.04 Million! And get this, it's expected to keep growing like crazy at a CAGR of 57.38% over the next few years. But don't count out Drone Maintenance, Repair, and Overhaul (MRO) Services; it was the second-largest market in 2022, valued at USD 1,910.78 Million, and is actually projected to grow even faster, with a whopping CAGR of 58.05%!
Drone platforms are employed to collect, manage, and interpret raw drone data gathered by drones, which improves business workflows through scalable image processing, data storage, and real-time sharable drone maps & 3D models. The drone platform services segment will likely grow significantly over the forecast period owing to the increasing adoption of drone services by industries such as power & utility, logistics, and wind. These industries demand high-quality data and analytics, propelling the demand for drone platform services in the coming years.
United States Drone Services Market, By Application
- Aerial Photography & Remote Sensing
- Data Acquisition & Analytics
- Mapping & Surveying
- Modelling
- Disaster Risk Management & Mitigation
- Inspection & environmental monitoring
- Others
To Get a Summarized Market Report By Application-
When we look at Application, the drone services market breaks down into areas like Aerial Photography & Remote Sensing, Data Acquisition & Analytics, Mapping & Surveying, Modelling, Disaster Risk Management & Mitigation, Inspection & environmental monitoring, and of course, Others. The United States market is really taking off in the Application area! In 2022, Aerial Photography and Remote Sensing was the biggest piece of the pie, grabbing a whopping 40.70% of the market (that's USD 2,341.73 Million!), and it's expected to keep soaring with a 59.37% CAGR. Mapping and Surveying came in second place that year, holding USD 875.13 Million worth of the market, and it's also predicted to see impressive growth at a CAGR of 58.94%.
Aerial photography? It's a super popular and affordable way to check things out from above. Think of it as a go-to for making maps and figuring out what's on the ground. Now, with drones, things are getting really interesting. They're much smaller than planes, so they can squeeze into spots we couldn't reach before! Plus, drones can grab amazing video footage with 360-degree spins, time-lapses, and Drone Aerial Views – stuff that's tough for regular airplanes. You often see drones used to snag gorgeous aerial photos and videos. They're perfect for those eye-catching shots for marketing and ads, especially in fields like real estate, tourism, filmmaking, and advertising. And get thisusing LiDAR sensors and fancy cameras, drones create super detailed 2D and 3D maps of construction sites, farms, and even the lay of the land. These maps are a game-changer for building new stuff, planning cities, and surveying land.
United States Drone Services Market, By Industry Vertical
- Construction and Infrastructure
- Agriculture
- Utility
- Oil and Gas
- Mining
- Defense
- Logistics
Think about where drones are really making a splash – it's all about the Industry Vertical. We're talking segments like Construction and Infrastructure, Agriculture, Utility, Oil and Gas, Mining, Defense, and even Logistics. Right now, the United States Drone Services Market is looking pretty darn appealing across all these areas. But Oil & Gas is really leading the pack! They grabbed the biggest slice of the pie in 2022 (23.17% to be exact), which translates to a whopping USD 1,332.91 Million. And get this – they're expected to grow at a crazy 62.07% each year! Agriculture isn't far behind, though. They came in second place in 2022 with USD 1,113.51 Million, and they're predicted to grow at an impressive 56.84% annually.
The oil and gas industry? It's basically everything involved in getting petroleum products to you, from start to finish. It's huge, one of the world's biggest, and a major player in the global economy. Now, drones are shaking things up, changing how we check and keep up with important stuff like storage tanks, pipelines, and even those tricky offshore platforms. Drones are helping out at every step, from accurate surveys to inspecting those hard-to-reach spots, which saves a ton of time and money. Plus, the data they collect is super accurate and can show things we humans just can't see! By improving safety on-site and cutting down on maintenance costs, drones can really save the oil and gas industry a lot of cash.
Key Players
The “United States Drone Services Market” study report will provide valuable insight with an emphasis on the regional market. The major players in the market are Cyberhawk, Unmanned Experts, Deveron UAS, ABJ Renewables, AgEagle Aerial Systems Inc., Precision Hawk, Identified Technologies Corp., DroneDeploy, Phoenix Drone Services, and Aerodyne Group.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Company Market Ranking Analysis
Our analysis of company rankings aims to give you a clearer picture of the top 3 players in the Drone Services market. We don't just pull names out of a hat; we carefully consider several factors. Right now, the top three players we're looking at are Identified Technologies Corp., Cyberhawk, and Deveron UAS. We evaluate these companies based on things like their brand value, their product portfolio (think variations, specs, features, and price), how widespread they are across major regions, their recent product sales, and their slice of the overall revenue pie. We also dig into their product portfolio, checking out the technologies they use and any new strategies they're trying to boost their presence, both globally and regionally. And, because it's important, we look at their distribution network (both online and offline) to understand how strong their foothold is in various Drone Services markets.
Company Regional/Industry Footprint
The company’s regional section provides geographical presence, regional-level reach, or the respective company’s sales network presence. Apart from this, the industrial footprint section provides a cross-analysis of industry verticals and market players that gives a clear picture of the company landscape concerning the industries they serve their products. The product portfolio of the companies is classified in terms of their diversification as well as the number of products/services that are available. The geographic reach and the market penetration are determined considering the penetration of the company’s products and services in the U.S.
Ace Matrix
This section of the report provides an overview of the company evaluation scenario in the Drone Services market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.
Report Scope
Report Attributes | Details |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
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