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Global Drone Services Market (2021 to 2026) – Development of Urban Air Mobility Services Presents Opportunities

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Dublin, Sept. 24, 2021 (GLOBE NEWSWIRE) — The “Drone Services Market by Type (Platform Service, MRO, and Training & Simulation), Application, Industry, Solution (End-to-End, Point), and Region ( North America, Europe, Asia Pacific, Middle East, and Row) – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The drone services market is estimated to grow from USD 13.9 Billion in 2021 to USD 40.7 Billion by 2026, at a CAGR of 23.8% from 2021 to 2026. North America is estimated to account for the largest share of the drone services market in 2021.

Drone services are rapidly replacing the applications of legacy services in the commercial sector, such as aerial surveys, filmography, and search & rescue, as they can be operated for long periods and remotely by human operators or autonomously by onboard computers. The usage of drone services has increased in various civil and commercial applications due to their high endurance and low operational costs. Besides, the incorporation of new technologies, such as artificial intelligence, IoT, and cloud computing in drone services is expected to further fuel their demand in various sectors.

Based on type, the drone services market has been segmented into platform (which is sub-segmented into flights piloting & operation, data analysis, and data processing), MRO, and simulation & training. The platform segment is expected to register the highest CAGR during the forecast period attributed to its higher efficiency in data collection and affordability, as well as the accessibility of drone services across the globe.

Based on industry, the drone services market has been segmented into construction & infrastructure, agriculture, utility, oil & gas, mining, defense & law enforcement, media & entertainment, scientific research, insurance, aviation, marine, healthcare & social assistance, and transportation, logistics, & warehousing.

The healthcare & social assistance segment is projected to record the highest growth, attributed to the increased investments in the area during the COVID period to deliver test samples and vaccines.

The drone services market based on solution has been segmented into end-to-end and point solutions.

The end-to-end solution segment would have the highest growth during the forecast period owing to the growing demand for complete package solutions, which include everything from piloting & operation, data analysis to data processing.

Based on application, the drone services market has been segmented into inspection & monitoring, mapping & surveying, spraying & seeding, filming & photography, transport & delivery, and security, search, and rescue. Among these applications, the transport & delivery segment is expected to dominate the market with the highest CAGR during the forecast period, owing to the escalating demand for fast package delivery services in the healthcare industry attributed to the outbreak of the COVID-19 pandemic

North America is expected to hold the highest market share in 2021.

North America is expected to hold the highest market share in 2021. The growth of the regional market can be attributed to the increasing trend of online shopping from e-commerce platforms and favorable FAA regulations in the US. The rise in investments from key players to support start-ups in developing parcel service platforms is also expected to contribute to the growth of the regional market during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Drone Services Market
4.2 Drone Services Market, by Type
4.3 Drone Services Market, by Application
4.4 Drone Services Market, by Industry
4.5 Drone Services Market, by Region
4.6 Drone Services Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Adoption of Drones in Agriculture Industry for Crop Health Assessment and Soil Monitoring
5.2.1.2 Increasing Demand for Drone Inspection & Monitoring Services
5.2.1.3 Increasing Demand for High-Quality Data
5.2.2 Restraints
5.2.2.1 Liability Issues Associated with Drone Operations and Services
5.2.2.2 Issues Associated with Drone Safety and Security
5.2.3 Opportunities
5.2.3.1 Increased Demand for Drone Delivery Services During COVID-19 Crisis
5.2.3.2 Development of Urban Air Mobility Services
5.2.4 Challenges
5.2.4.1 Lack of Risk Management Framework and Insurance Cover for Aerial Delivery Drones
5.2.4.2 Requirement of High Investments in Construction of Urban Air Mobility Infrastructure Network
5.3 Impact of COVID-19 on Drone Services Market
5.3.1 Use of Drone Technology to Fight Against COVID-19 Pandemic
5.4 Range/Scenarios
5.5 Average Selling Price
5.6 Value Chain Analysis
5.7 Market Ecosystem Map
5.8 Trends/Disruptions Impacting Customer’s Business
5.8.1 Revenue Shift and New Revenue Pockets for Drone Services Market
5.9 Porter’s Five Forces Analysis
5.10 Trade Data Statistics
5.11 Tariff and Regulatory Landscape
5.11.1 Guidelines by Federal Aviation Administration for Drone Operations

6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Advancements in Drone Data
6.2.2 Artificial Intelligence Incorporated Drones
6.2.3 3D-Printed Drones
6.2.4 Advancements in Lidar Technology and Drone Payload
6.2.5 Swarm Drones
6.2.6 Wireless Charging
6.2.7 Automated Drones
6.2.8 Drone Insurance
6.3 Technology Analysis
6.3.1 Hydrogen Power
6.3.2 Upgradation in Drone Tracking and Navigation
6.3.3 Improved Computer Vision and Motion Planning
6.3.4 Upgradation in Drone Noise
6.4 Case Study Analysis for Drone Services Market
6.4.1 Case Study Analysis of Drone Services for Oil & Gas Industry
6.4.2 Case Study Analysis of Drone Services in Surveying
6.4.3 Case Study Analysis of Drone Services in Utilities
6.4.4 Case Study Analysis of Drone Services in Agriculture Sector
6.4.5 Case Study Analysis of Drone Services in Urban Planning
6.4.6 Case Study Analysis of Drone Services in Package Delivery
6.5 Impact of Megatrends
6.5.1 Green Initiative
6.5.2 Internet of Things (Iot)
6.5.3 Rapid Urbanization
6.6 Innovations & Patent Registrations

7 Drone Services Market, by Type
7.1 Type
7.1.1 Platform
7.1.1.1 Growing Need for High-Quality Data and Analytics to Drive Growth of Segment
7.1.1.2 Piloting & Operations
7.1.2 Maintenance, Repair, and Overhaul (Mro)
7.1.2.1 Growing Need for Maximizing Operational Efficiency to Drive Market Growth
7.1.3 Simulation & Training
7.1.3.1 Growing Need for Certified Drone Pilots to Drive Market Growth

8 Drone Services Market, by Application
8.1 Introduction
8.1.1 Inspection & Monitoring
8.1.1.1 Rising Demand for Inspection & Monitoring in Growing Economies to Boost Market Growth
8.1.2 Mapping & Surveying
8.1.2.1 Cost-Effective Benefits of Drone Services to Boost Market Growth
8.1.3 Spraying & Seeding
8.1.3.1 Rising Focus on Cost-Effective Agricultural Management to Boost Market Growth
8.1.4 Filming & Photography
8.1.4.1 Reasonable Prices of Drone-Based Filming and Photography Services to Boost Market Growth
8.1.5 Transport & Delivery
8.1.5.1 Growing Demand for Fast Delivery of Products and Need for a Hassle-Free Travel Experience to Boost Market Growth
8.1.6 Security, Search, & Rescue
8.1.6.1 Efficiency of Drones in Data Collection and to Navigate Through Inaccessible Areas to Boost Market Growth

9 Drone Services Market, by Industry
9.1 Introduction
9.2 Construction & Infrastructure
9.2.1 Growing Demand for Drones in Assessment of Bridges and Railways to Drive Market Growth
9.3 Agriculture
9.3.1 Usage of Multispectral and Infrared Cameras for Health Assessment of Crops and Soil Monitoring to Fuel Market Growth
9.4 Utility
9.4.1 Increasing Deployment of Drones in Utilities for Inspecting and Surveying Towers, Power Transmission Lines, and Wind Turbines to Drive Market Growth
9.5 Oil & Gas
9.5.1 Rising Offshore Oil and Gas Activities to Drive Market Growth During Forecast Period
9.6 Mining
9.6.1 Cost-Effective, Quick, and High-Quality Orthoimages Captured with Drones to Fuel Their Demand in Mining Industry
9.7 Defense & Law Enforcement
9.7.1 Growing Use of Drones in Search and Rescue Operations to Drive Market Growth
9.8 Media & Entertainment
9.8.1 Surge in Usage of Drones by Media and Production Houses for Mainstream Filmmaking to Drive Market Growth
9.9 Insurance
9.9.1 Rising Competition Among Insurance Providers and Growing Need for Effective Policy Underwriting to Boost Adoption of Drones in Insurance Industry
9.10 Aviation
9.10.1 Growing Usage of Drones for Aircraft Inspection to Drive Market Growth
9.11 Marine
9.11.1 Reduction in Inspection Time and Costs to Drive Growth of Drone Services Market for Marine Industry
9.12 Healthcare & Social Assistance
9.12.1 Growing Demand for Faster Deliveries in Healthcare Industry to Drive Market Growth
9.13 Transport, Logistics, & Warehousing
9.13.1 Easy Approval for Indoor Drones and Increased Demand in Warehousing to Fuel Market Growth

10 Drone Services Market, by Solution
10.1 Introduction
10.2 End-To-End
10.2.1 Increasing Demand for End-To-End Drone Services from Enterprises to Drive Market Growth
10.3 Point
10.3.1 Growing Demand for Customized Services for Industry-Specific Applications to Fuel Market Growth

11 Regional Analysis

12 Competitive Landscape
12.1 Introduction
12.2 Ranking of Leading Players, 2020
12.3 Key Players in Drone Services Market
12.3.1 Winning Imperatives by Key Players
12.4 Competitive Leadership Mapping
12.4.1 Star
12.4.2 Emerging Leader
12.4.3 Pervasive
12.4.4 Participant
12.5 Drone Services Market Competitive Leadership Mapping (Start-Ups)
12.6 Competitive Benchmarking
12.7 Competitive Scenario
12.7.1 New Product Launches

13 Company Profiles
13.1 Introduction
13.2 Key Players
13.2.1 Edall Systems
13.2.2 Precisionhawk
13.2.3 Cyberhawk
13.2.4 Vermeer
13.2.5 Ageagle Aerial Systems
13.2.6 Sky-Futures Ltd.
13.2.7 Sensefly Ltd.
13.2.8 Sharper Shape Inc.
13.2.9 Dronedeploy Inc.
13.2.10 Indentfied Technologies
13.2.11 Terra Drone Corporation
13.2.12 The Sky Guys
13.2.13 Deveron Uas Corp.
13.2.14 Zipline
13.2.15 Matternet, Inc.
13.2.16 Aerodyne Group
13.2.17 Filrtey
13.2.18 Dronebase
13.2.19 Dronegenuity
13.2.20 Mistras Group Inc.
13.2.21 Aerovironment
13.2.22 Hemav
13.2.23 Skycatch
13.2.24 Australian Uav Pty Ltd. (Auav)
13.2.25 Skyspecs
13.2.26 Arch Aerial LLC
13.3 Other Players
13.3.1 Unmanned Experts Inc. (Umex)
13.3.2 Viper Drones
13.3.3 Raptor Maps
13.3.4 Garuda Uav
13.3.5 Maverick Inspection Services
13.3.6 Canadian Uav Solutions
13.3.7 Djm Aerial Solutions
13.3.8 Reliability Maintenance Solutions Ltd.
13.3.9 Droneflight
13.3.10 Flytrex

14 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/9rfso0


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Artificial Intelligence

CleverTap launches Clever.AI, the AI-Driven Edge for Customer Engagement & Retention

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Clever.AI will help brands achieve 66% higher conversion rates and 35% boost in operational efficiency
SAN FRANCISCO and MUMBAI, India, May 3, 2024 /PRNewswire/ — CleverTap, one of the leading all-in-one customer engagement and retention platforms, today announced the launch of Clever.AI, its AI engine. With Clever.AI, CleverTap seeks to enable brands with the next generation of AI capabilities required to build human-like understanding of customers and deliver personalized experiences efficiently that resonate with them, ultimately maximizing customer lifetime value.

Clever.AI is built on the foundation of three core AI pillars – Predictive, Generative, and Prescriptive. Clever.AI propels these three pillars to transform the way brands engage with customers and make customer interactions more intelligent, and efficient.
Clever.AI enables brands to become:
Insightful: With Predictive AI capabilities, it forecasts precise business outcomes, helping brands to anticipate customer needs. Clever.AI’s insights are powered by CleverTap’s proprietary TesseractDB™ which ensures data granularity with an extended lookback period, making predictions more accurate, and enabling brands to make informed decisions, resulting in improved marketing ROIEmpathetic: Taking GenAI forward, Clever.AI merges creativity with emotional intelligence, crafting content that resonates on a human level. This empathetic approach helps brands drive higher conversions and engages customers with hyper-personalized experiencesActionable: Leveraging Prescriptive AI capabilities, it provides actionable recommendations to maximize conversions throughout the customer journey by helping brands identify the optimal engagement strategies in real-timePeter Takacs, Digital Product Manager, Burger King said, “I would rate it 10 for its ease of use and numerous possible use cases. We uplifted our marketing campaigns by easily experimenting with multiple possibilities and quickly converging on the optimum one. It opens up a new era of continuous experimentation for us.”
Anand Jain, Co-founder and Chief Product Officer, CleverTap said, “We’re thrilled to unveil Clever.AI, a testament of our pursuit over the last several years in leading the way in adopting the latest tech to transform customer engagement. We will continue to innovate CleverTap’s All-in-One engagement platform with Clever.AI enhancing its precision in predictions, its ability to prescribe intelligent customer experiences strengthened by advanced product analytics and deeper persona profiling to ensure brands can build highly personalized experiences, and campaigns more effectively, ensuring every customer interaction is personalized and outcome driven.”
With Clever.AI, brands have already experienced a boost in conversion with significantly higher operational efficiency. They witnessed a 66 percent increase in conversion rates, 35% boost in operational efficiency and a 3x improvement in click-through rates (CTRs), with an increase across metrics such as purchases, and average order values (AOVs). Moreover, Clever.AI enhanced operational efficiency by simplifying campaign roll-outs, content creation, and experimentation at scale. Clever.AI has helped leading brands like TouchnGo, Swiggy, Burger King add efficiency to their campaigns.
CleverTap will unveil its new AI capabilities through its Spring Release ’24 event slated from 6th May to 9th May, through a series of thought-provoking sessions on how AI can make campaigns more intelligent, efficient, and engaging for brands.
About CleverTap
CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real-time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.
The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.
CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.
Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in San Francisco, California, with presence in New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Delhi, Singapore, Jakarta, and Ho Chi Minh.
For more information, visit clevertap.com or follow us on: LinkedIn: https://www.linkedin.com/company/clevertap/X: https://twitter.com/CleverTap
Forward-Looking Statements
Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.
Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.
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Artificial Intelligence

Appian Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms Report

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LONDON, May 3, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) today announced it has been named a Leader by Gartner in its 2024 Magic Quadrant for Process Mining Platforms report. The report evaluated 18 vendors and their product offerings. For more information, download a complimentary copy of the Gartner Process Mining 2024 report. 

Gartner defines Process Mining platforms as tools that deliver visibility and insights to technology innovation leaders that enable smart decision making and strong performance on an organisation’s critical priorities. Features that make Appian a leader in Process Mining, include:
Faster data prep that eliminates complex transformation with always-ready data from multiple sources.Automated process analysis and intelligent recommendations for where and how to take action.A low-code experience for measuring, monitoring, and optimising process performance—all within one platform.”We believe that Appian’s recognition in the Gartner Process Mining Platforms Magic Quadrant underscores our dedication to process excellence. Through Process HQ, we integrate data fabric, process mining, machine learning, and generative AI to streamline manual data prep, enabling businesses to gain insights swiftly and implement improvements easily,” said Michael Beckley, CTO and Founder of Appian. “Our unified approach merges Process Mining with AI-driven process automation, setting a new standard for efficiency and intelligence.”
Business users need greater visibility into the full breadth of their enterprise data and processes in order to maximise operational efficiency and strategic decision-making. By combining the latest technologies in data fabric, process mining, machine learning, and generative AI, Process HQ helps monitor and improve every business process built on Appian. Process HQ makes it easy to reduce costs, risks, and delays, improve compliance, and drive better business outcomes, without the need for costly and time-consuming data collection efforts.
Appian is now an industry leader across its value proposition to Design, Automate, and Optimise the most complex business processes. In addition to today’s announcement, Appian was named a Leader in the 2023 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms report, and was ranked #1 for the Business Workflow Automation with Integration Use Case in the 2023 Gartner® Critical Capabilities for Enterprise Low-Code Application Platforms (LCAP) report.
To access the report and to learn more about Appian’s positioning, visit https://ap.pn/3y2ClZy. Register for our upcoming webinar Process Intelligence Made Easy: The Key to Better Business Decisions on June 20, 2024 at 12pm EST to discover how Process HQ can improve business processes.
Gartner disclaimerGartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Appian
Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimise even the most complex processes, from start to finish. The world’s most innovative organisations trust Appian to improve their workflows, unify data, and optimise operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, X, and X (UK).
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Artificial Intelligence

Innodisk Introduces iCAP Air: Advancing Air Quality Management through Autonomous Decision-Making

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TAIPEI, May 3, 2024 /PRNewswire/ — Innodisk, a global leader in AI solutions, has taken a pivotal step forward in environmental sustainability with the launch of its latest innovation, the “iCAP Air” air quality management solution. This solution empowers businesses worldwide to enhance air quality, sustainability, and human health. Additionally, business can benefit from monthly AI-generated air quality data report, providing valuable insights for informed decision-making.

Leveraging its expertise in edge computing and software and hardware integration, along with the expertise of its subsidiary Sysinno in air quality detection, Innodisk has achieved the development of the “iCAP Air” air quality management solution. This solution integrates advanced technology, including the innovative “iAeris7” air quality detector from Sysinno, to deliver accuracy in detecting temperature, humidity, fine suspended particles (PM2.5), suspended particles (PM10), carbon dioxide (CO2), formaldehyde and total volatile organic compounds (TVOC). It can also be customized to detect NO2, SO2, CO, NH3, and other air factors. At the same time, the iAeris7 device is known for its reliability, patented technology, and various international certifications, including those from SGS and FCC/CE/RoHS/NCC/BSMI.
The solution also includes the “iCAP Air Server,” designed to manage large-scale deployment and data from up to 100 air quality detectors, ensuring seamless integration and efficient operation, even in complex environments. Additionally, iCAP Air provides a user-friendly air quality management platform, enabling organizations to monitor air quality in real-time via a mobile app or internet browser, receive automatic alerts, and optimize air purification or exhaust ventilation system.
iCAP Air is a comprehensive solution that simplifies air quality management for users. It is tailored for medium to large-sized sites or densely populated, enclosed spaces such as medical institutions, smart manufacturing facilities, public transportation hubs, indoor parking facilities, and department stores. Innodisk’s “iCAP Air” air quality management solution represents a milestone for all businesses committed to leveraging technology for the greater good of air quality and society.
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