The “Drone Service Market to 2027 – Global Analysis and Forecasts by Type, Services, Industries, and Law Enforcement” report has some interesting insights.
The global drone service market accounted for US$ 629.2 Mn in 2018 and is projected to grow at a CAGR of 51.1% over the forecast period 2019-2027, to reach US$ 24,882.2 Mn in 2027.
The demand for drone service is largely influenced by an escalating demand of surveying, mapping & inspection; and supportive government regulations related to the adoption of drone across the world. Furthermore, the governments of the developed economies such as the US, Canada, the UK, and Germany have undertaken different initiatives to propel the growth of drone service market in through implementing new rules and regulation for flying drones across the regions.
However, among the developing countries such as India, China, Saudi Arabia, South Africa, and others the adoption of drone across agriculture industry is growing with greater percentage provides a potential opportunity for the drone service market.