The global drone surveying market is estimated to reach a valuation of US$ 1380.4 million in 2023. The market is further expected to grow at a CAGR of 19.3% during the forecast period of 2023-2033 and achieve a valuation of US$ 8061.5 million by the end of 2033.
The drone surveying market accounts for 21% of the total drone service market in 2022. The drone surveying industry is expected to increase its share in the total drone service market by the end of the forecast period.
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The industry is saturated with new competitors entering several market categories, including hardware, software, and services for drones. Investment firms have a great deal of interest in the sector, and drone businesses have received significant funding in recent years. It is anticipated that the market would continue to experience growing double-digit demand during the projection period of 2023-2033 due to the increasing usage of drones in various end-use sectors.
Key Takeaways from Market Study
- The global drone surveying market is expected to grow at a CAGR of 19.3% over the next 10 years.
- East Asia is to witness the fastest growth of CAGR 23.2% during the forecast period.
- US drone surveying market is estimated to reach a valuation of US$ 2540.0 million by the end of 2033.
- Demand for drone land surveying services will be high in the coming years, and it will command more than 40% of the total market share.
- India is poised to become one of the fastest drone surveying markets in the world.
Current State of the Drone Surveying Market
The global drone surveying market has been expanding at an impressive rate, primarily driven by technological advancements, cost-effectiveness, and the increasing demand for accurate and efficient geospatial data. Drones equipped with high-resolution cameras, LiDAR (Light Detection and Ranging) sensors, and other surveying instruments have become vital assets for industries ranging from construction and agriculture to environmental monitoring and disaster response.
One of the key factors fueling the market’s growth is the cost-efficiency of drone surveying. Traditional surveying methods, involving ground-based equipment or manned aircraft, can be expensive, time-consuming, and logistically challenging. In contrast, drones offer a cost-effective solution, allowing surveyors to collect data with greater ease, speed, and precision. This has made drone surveying accessible to a broader range of industries and applications.
Competitive Landscape
The global drone surveying market is still in the initial phase of the life cycle. The industry is changing at a light speed with continuous technological advancement and expanding service offerings. The drone survey companies are witnessing huge interest from private equity and venture capitalist. Investment firms are investing huge amounts of money in drone survey companies.
- In September 2021, Enercomp, a drone manufacturing, services, and AI tech startup raised its angel round of funding of US$ 200K from ah! Ventures angel platform.
- In May 2022, India-based drone startup Garuda Aerospace secured undisclosed funding from multiple investors led by Ocgrow Ventures. The start-up is also eying larger funding of US$ 30 million in the next 1 year or so.
Major Stakeholders
- 3DroneMapping
- Aerial drone solution
- Aerial Robotix
- Aerial Vision Ltd
- AerialWorks Inc.
- AERIUM Analytics
- Aero Enterprises
- Aerodrome
- Aeroview Services
- Afridrones
- Aivia Group
- Artrabia
- Astral Aerial Solutions
- AUAV
- Avian UAS
- AviSight
- Cyberhawk
- DATA PKT Aviation
Recent Industry News
The drone surveying market has witnessed several noteworthy developments and innovations. In 2022, a leading drone manufacturer introduced a new fixed-wing drone with extended flight endurance and enhanced payload capacity. This drone is designed for mapping large areas efficiently, making it an ideal solution for agricultural and environmental monitoring projects. The longer flight endurance allows for greater coverage and data collection without the need for frequent battery changes or recharging.
Furthermore, the market has been influenced by growing demand for integrated surveying solutions. Companies are offering comprehensive packages that combine drone hardware with powerful data processing software. These integrated solutions aim to streamline the entire surveying workflow, from mission planning and data collection to analysis and reporting, providing a one-stop solution for professionals in need of geospatial data.
Segmentation of the Drone Surveying Market
- By Survey Type:
- Land Survey
- Property Survey
- Rail Survey
- Infrastructure Survey
- By End-Use Industry:
- Energy
- Construction
- Transportation & Warehouse
- Agriculture
- Mining, Oil & Gas Extraction
- Public Administration
- Real Estate & Industrial Plant
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
What differences can the drone surveying market report make on the revenue impacts and strategies of businesses?
Fact.MR strives to provide comprehensive assessments of opportunities in various regions and technology segments. The study also offers an uncluttered data-driven insights into the growth avenues of the drone surveying market and all its segments. Some of the ways the study can make a discernible impact are by offering evidence-based perspectives on:
- Attractiveness quotient of emerging product/technology types in various products in the Drone surveying market
- Micro-economics factors that may hamper the prospects of some of the key segments
- Recent spate of research and development (R&D) funding on key drone surveying markets
- New business models paving way for disruptions in demand dynamic of key segments
- Regional markets that will be future engine of growth and the industry trends that will support these markets
- Challenges overcoming which may offer industry players competitive edge
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the drone surveying market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of survey type (Land Survey, Property Survey, Rail Survey, Infrastructure Survey), end-use industry (Energy, Construction, Transportation & Warehouse, Agriculture, Mining, Oil & Gas Extraction, Public Administration, Real Estate & Industrial Plant), across major regions of the world
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