Drones are unmanned aerial vehicles (UAV) that are used for aerial surveys and inspection by collecting high quality digital data combined with power of robotics. Drones can fly independently with help of software controlled flight planes that are embedded in their system or can be remotely controlled. Drones are normally used in military and defense, surveillance, 3D modelling, media and entertainment etc.
Drone-powered business solutions are going to be next big thing and is expected to witness an exponential growth during the forecast period. Mining sector is opting for drone powered solutions into their operations as it provides easy and safe access of high quality data as compared to humans. Also, several businesses across the globe are creating new operating models for drone based services owing to rapid developments in drone technology. In addition, the agriculture sector is being benefited by use of photogrammetry data for understanding topography and vegetation development is further driving demand for drone-powered business solution market globally. Furthermore, integration drone application in day-to-day business for traffic surveillance, infrastructure maintenance, inspection and tracking, security etc. are also to boost demand for this market globally.
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A major factor hampering growth of the global drone-powered business solution market is its high cost involved in maintenance and complexities in drone repairing. Moreover, lack of qualified personnel“s and short battery life of drone is limiting the use and further slowing down the market growth. Home delivery via drone will open opportunities for this market during forecast period.
The global drone-powered business solution market is segmented on the basis of solution type, drone type, application, end-use industry, and region.
North America has witnessed a rapid growth during past six years and is expected to grow significantly revenue wise during the forecast period. This growth is attributed to early adoption of this technology a presence of major vendors in this region. The market in Europe is expected to witness significant growth in terms of revenue generation during the forecast period. The market in Asia Pacific is expected to register a CAGR of XX.X% during the forecast period.
Key players in the global drone-powered business solution market are Pix4D, Cyberhawk Innovations Ltd., Airware Inc., Phoenix Drone Services LLC, Eagle-Eye Drone Service, SenseFly Ltd., FlyWorx, 3D Robotics Inc., DroneDeploy, and PrecisionHawk.
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