GLOBAL NEWS: The Drone Services Market is estimated at USD 4.4 billion in 2019 and is projected to reach USD 63.6 billion by 2025, at a CAGR of 55.9% from 2019 to 2025

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The drone services market report provides an analysis of the market from 2019 to 2025. It discusses industry and technology trends prevailing in the market, along with the market drivers, restraints, challenges, and opportunities. The drone services market is projected to grow from USD 4.4 billion in 2019 to USD 63.6 billion by 2025, at a CAGR of 55.9% during the forecast period. The market in Asia Pacific is expected to witness substantial growth during the forecast period, due to the increase in infrastructural projects and rise in demand for drones in the industry-specific applications are driving the drone services market in China, Japan, and India.

By application, the aerial photography & remote sensing segment is expected to grow at the highest CAGR during the forecast period. There has been an increase in the demand for aerial photography from the infrastructure, oil & gas industries, and among others around the world. The construction and infrastructure industries use drones to collect images and data for asset management. Increasing aerial photography applications coupled with increasing demand for data collection are likely to drive the demand for drone services.

Based on solution, the enterprise solution segment of the drone services market is expected to grow at the highest CAGR during the forecast period. Enterprise solution provides end-to-end services to all industries. Increase in the demand for analytical services and software solutions in the drone services market is driving the demand for enterprise solution market. Based on region, the drone services market has been segmented into 5 regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East, and the Rest of the World. North America is estimated to account for the largest share of the drone services market in 2019. However, the market is expected to witness significant growth in the emerging economies of the Asia Pacific region, such as China and India. The rise in the capital investment for the development of new infrastructure projects in the Asia Pacific region is expected to drive the demand for drone services market.

In-Depth Report on Drone Service Industry:

https://www.marketsandmarkets.com/Market-Reports/drone-services-market-80726041.html

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