Drone-Powered Business Solutions Market Analysis By Solution Type, By Drone Type, By Application, By End-Use Industry, By Region And Segment Forecasts From 2018 To 2025

Industry Insights

The global drone-powered business solutions market size was accounted for USD 692.6 million, in 2015. Factors such as advancements of drone technology and growing application in various end-use industries such as infrastructure, surveillance, agriculture, and media are projected to bode well for the market growth. These solutions are suitable for industries requiring large volumes of data and high mobility.

There has been a rising preference for Unmanned Aerial Vehicle (UAV) power-driven business solutions across several segments that require a huge amount of data. UAV- power-driven solutions are capable of addressing some crucial issues confronted by many industries while managing and monitoring assets dispersed over large geographical areas, such as infrastructure, railway, roadways, and utilities.

Initially, various industries using drone technology were unaware of its potential benefit and impact on the business, as only a few segments can leverage this technology efficiently. However, the increasing need to confront certain issues has led to shifting preference for this technology in large-scale manufacturers.

The use of UAV technology in commercial processes allows organizations to create new business and operating models. Each segment has different requirements and demands several Unmanned Aircraft systems (UAS) technology and different types of UAV-built business solutions. Some industries are concentrating on flight speed and payload while others are preferring on solutions economically offering high-quality and real-time data.

Solution Type Insights

Based on solution, the drone-powered business solutions market is divided into software and services. Services occupied the largest share in 2015. The software segment is expected to foresee substantial growth, ascending with a CAGR of more than 70% from 2016 to 2025. The market growth is predicted to be driven by the transformation of drone technology from companies selling a combined solution to companies offering common solutions to various service providers.

UAV service providers are extensively concentrating on offering and innovating their software, capturing data on the website, and customizing and processing it to attract customers from their industry. This has resulted in offering a complete turnkey solution. Most of the companies start as completely integrated solutions, a classic strategy for new entrants.

Drone Type Insights

Multi-rotor UAVs led the market in 2015 and are expected to maintain their lead over the estimated period. Multi-rotors are extensively used for many non-military applications such as agriculture, environmental inspection, aerial photography, and sports coverage.

Other type includes hybrid and fuel/gas-powered drones. The category is anticipated to foresee rapid growth from 2016 to 2025. Considerable innovations in UAV technology and aerodynamics have resulted in the growth of Vertical Takeoff and Landing (VTOL) UAVs, which fuse the features of both multi-rotor and fixed wings drones.

Application Insights

Filming & photography occupied the major share in 2015. Aerial filming & photography is one of the widely preferred applications that use high-density cameras. Drones embedded with GPS, 3-axis gyros, and biometric sensors are used by the enhanced flight control system to offer a stable filming platform. Drones having a gimbal on the camera allows rolling, panning, and tilting the view for best shots.

Data acquisition & analytics are predicted to showcase substantial growth over the forecast years. Innovations in drone technology, along with the growth of sophisticated sensors, have resulted in noticeable cost reduction in gathering huge volumes of data on large geographical areas, which is predicted to further fuel the market growth over the projected period.

End-Use Industry Insights

The major end-use industries that require drones are agriculture, energy, construction & real estate, transportation & logistics, entertainment & media, security & law enforcement, and others. Energy is further segregated into renewables, oil & gas, and utility & power. The energy industry is predicted to ascend at a steady rate in the upcoming years.

Drones are widely used to carry harmful materials in the energy sector that are normally done by humans, thereby, permitting enhanced maintenance of the infrastructure. Distribution operators and transmission and utilities across the globe are using UAVs to provide greater safety, lower cost, and increase the efficiency and reliability of their systems.

Regional Insights

North America is projected to lead the market from2016 to 2015. Factors such as increasing demand for drones and UAV data across various industries, especially in the U.S. are expected to drive the market growth over the estimated duration.

Europe is expected to foresee considerable growth over the forecast period owing to rising efforts by the European Commission (EC) to synchronize UAS operations regulations. EC also demanded to assimilate all drones, irrespective of their size, into the safety framework of EC aviation.

Competitive Insights

The key players of the drone-powered business solutions market are 3D Robotics, Pix4D, DroneDeploy, senseFly Ltd., Phoenix Drone Services LLC, and PrecisionHawk. These players are focusing on grabbing opportunities in increasing spaces between potential clients demanding UAV data and specialized commercial UAV operators.

UAV service providers worldwide are extensively involved in commercial applications, offering UAV training and advance technologies to capitalize on a strong competitive edge. Other players in the market are Eagle-Eye Drone Service, FlyWorx, Cyberhawk Innovations Ltd., Aerobo, Airware, Inc., and Skylark Drones.

Report Scope

Segments Covered in the Report 

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2012 to 2027. For the purpose of this study, Million Insights has segmented the global drone-powered business solutions market by solution, type, application, end-use industry, and region:

• Solution Outlook (Revenue, USD Million, 2014 - 2025)
    • Services
    • Software

• Type Outlook (Revenue, USD Million, 2014 - 2025)
    • Multi-Rotor
    • Fixed-Wing
    • Others

• Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Filming & Photography
    • Mapping & Surveying
    • Data Acquisition & Analytics
    • Surveillance & SAR
    • 3D Modeling
    • Delivery Service
    • Others

• End-Use Industry Outlook (Revenue, USD Million, 2014 - 2025)
    • Real Estate & Construction
    • Media & Entertainment
    • Energy
        • Oil & Gas
        • Utility & Power
        • Renewable Energy
    • Agriculture
    • Security & Law Enforcement
    • Logistics & Transportation
    • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • Poland
    • the Asia Pacific
        • China
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • South Africa