Drone Servicing/Repair Global Market Sees Growth Rate Of 52% Through 2022

2 Mar, 2022

The global drone servicing/repair market size is expected to grow from $8.61 billion in 2021 to $13.08 billion in 2022 at a compound annual growth rate (CAGR) of 51.9%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The drone servicing and repair market is expected to reach $65.41 billion in 2026 at a CAGR of 49.5%.

What is the Global Drone Servicing/Repair Market?

The drone servicing/repair market consists of sales of drone services and related repairs by entities (organizations, sole traders, and partnerships) that provide various types of services such as surveillance, monitoring, aerial photography, mapping, and others. Drone services, also referred to as unmanned aerial vehicle (UAV) services are centered on flying robots that may be commanded remotely or operated autonomously utilizing software-controlled flight plans in their embedded devices.

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What drives the Global Drone Servicing/Repair Market?

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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Global Drone Servicing/Repair Market Segments
The global drone servicing/repair market is segmented:
By Type: Drone Platform Service, MRO, Training and Education
By Duration of Service: Short Duration Service, Long Duration Service
By Solution: Enterprise Solutions, Point Solutions
By Application: Aerial Photography and Remote Sensing, Data Acquisition and Analytics, Mapping and Surveying, 3D Modeling, Inspection and Environmental Monitoring, Others
By End Use Industry: Oil and Gas, Agriculture, Logistics, Media and Entertainment, Utility and Power, Others
By Geography: The regions covered in the drone servicing/repair market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Drone Servicing/Repair Global Market Report 2022provides market size and growth forecasts for the global drone servicing/repair market, global drone servicing/repair market share, drone servicing/repair market segments and geographies, drone servicing/repair market competitive landscape including leading competitors’ revenues, profiles and market shares. The drone servicing/repair market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Drone Servicing/Repair Industry Playersinclude Airware, Cyberhawk Innovations Ltd, Terra Drone Corporation, Sky-Futures Ltd, Prioria Robotics Holdings Inc, Sharper Shape Inc, Sensefly Ltd, Phoenix Drone Services, Dronedeploy, Unmanned Experts Inc, Identified Technologies, The Sky Guys, Skylark Drones Private Limited and Edall Systems. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.