Drone Servicing/Repair Global Market Report 2024

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.

The main types of drone servicing or repair are drone platform service, MRO, training, and education. The drone platform service companies are engaged in providing global distribution, easy monetization, and partner integrations services. Platform service for drones develops, expands, and monetizes the apps using drone deploy capability. It includes different solutions such as enterprise solutions, and point solutions and provides short-duration service, long duration service. It is used in aerial photography and remote sensing, data acquisition and analytics, mapping and surveying, 3D modelling, inspection and environmental monitoring, and others and is employed in various sectors such as oil and gas, agriculture, logistics, media and entertainment, and utility and power, others.

The drone servicing/repair market research report is one of a series of new reports that provides drone servicing/repair market statistics, including drone servicing/repair industry global market size, regional shares, competitors with a drone servicing/repair market share, detailed drone servicing/repair market segments, market trends and opportunities, and any further data you may need to thrive in the drone servicing/repair industry. This drone servicing/repair market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The drone servicing/repair market size has grown exponentially in recent years. It will grow from $19.78 billion in 2023 to $29.81 billion in 2024 at a compound annual growth rate (CAGR) of 50.7%. The growth in the historic period can be attributed to increase in drone usage across various industries, growth in commercial drone applications, stringent regulations mandating regular inspections, expansion of drone fleets in enterprises, increasing demand for drone services due to the cyclical nature of the construction industry, growing demand for drone services in emerging economies.

The drone servicing/repair market size is expected to see exponential growth in the next few years. It will grow to $154.22 billion in 2028 at a compound annual growth rate (CAGR) of 50.8%. The growth in the forecast period can be attributed to rise in drone adoption for industrial inspections, development of advanced and specialized drone models, increased focus on preventive maintenance for drones, expansion of urban air mobility and drone delivery services, growing demand for drone services in the agriculture, construction, and aerial photography sectors. Major trends in the forecast period include integration of artificial intelligence in drone diagnostics, advancements in drone technology, use of predictive analytics for proactive drone maintenance, adoption of automated drone maintenance solutions, collaboration between drone manufacturers and servicing companies.

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.

The growing number of drones is significantly contributing to the growth of the drone servicing/repair market going forward. Drones are unmanned aerial vehicles (UAVs) equipped with sensors or cameras, used for various applications such as aerial photography, surveillance, and data collection. The use of drones are increasing in various fields, which has grown the demand for drone servicing/repair. For instance, according to in October 2023, according to the data released by Federal Aviation Administration (FAA) a US-based government agency that regulates all aspects of civil aviation in the country, there are 863,728 drones registered in the United States. Therefore, growing number of drones will drive the drone servicing/repair market.

The growing technological advancements are an emerging trend in the drone servicing or repair market. Major companies operating in the drone servicing or repair sector are focused on developing technological solutions for drone services to strengthen their position. For instance, in August 2021, Qualcomm Technologies Inc., a US-based provider digital wireless telecommunication products and service, unveiled Qualcomm Flight RB5 5G Platform, the world's first drone platform and reference design with 5G and AI functionality. Based on Qualcomm Technologies' latest IoT offerings, the Qualcomm Flight RB5 5G Platform delivers high-performance, low-power, 5G drones powered by Qualcomm QRB5165 processors. A broad range of sectors are supported by the Qualcomm Flight RB5 5G Platform, including film and entertainment, security, emergency response, delivery, defense, inspection, and mapping.

Major companies operating in the drone servicing/repair market are focusing on introducing specialized platforms and services for customers and drone servicing providers. Specialized drone services make use of software and cloud for connecting professional drone operators and servicing providers with customers online. For instance, in November 2022, Rakuten a Japan-based technology company launched Rakuten Drone Gateway a new specialized platform for drone operators and businesses to connect with drone servicing providers. The platform provides job matching services and flight assistance, and it is intended to act as a gateway for everyone involved in drone operations.

In January 2021, AgEagle Aerial Systems Inc., a US-based drone systems and solutions provider acquired MicaSense, Inc., from Parrot for $23 million. This acquisition will empower AgEagle to drive true innovation and advancements of commercial drone systems and solutions for several high-growth industry segments. MicaSense, Inc., is a US-based provider of high-quality drone-based cameras to a global market.

Major companies operating in the in the drone servicing/repair market report are Airware Inc., Cyberhawk Innovations Ltd., Terra Drone Corporation, Sky-Futures Ltd., Prioria Robotics Holdings Inc., Sharper Shape Inc., Sensefly Ltd., Phoenix Drone Flying LLP, Dronedeploy Inc., Unmanned Experts Inc., Identified Technologies Corp., The Sky Guys Ltd., Skylark Drones Private Limited, Edall Systems, Drone Nerds Inc., Robotic Skies Inc., Dà-Jiāng Innovations Science and Technology Co. Ltd., Parrot SA, Yuneec International Co. Ltd., Autel Robotics Co. Ltd., PowerVision Technology Group, Walkera Technology Co. Ltd., Hubsan Technology Company Limited, Blade Urban Air Mobility Inc., Holy Stone Holdings Co. Ltd., Guangdong Syma Model Aircraft Industrial Co. Ltd., Shantou Chenghai JJRC Toy Factory, Potensic Technology Co. Limited, Force1RC LLC, Altair Aerial LLC

North America was the largest region in the drone servicing/repair market in 2023. Europe was the second-largest region in the drone servicing/repair market. The regions covered in the drone servicing/repair market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the drone servicing/repair market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The drone services market includes revenues earned by entities by providing services such as drone repair, drone training courses, package delivery by drones, drone advertising, and marketing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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