Market Size of North America Drone Services Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 11.00 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Drone Services Market Analysis
The North American drone services market is expected to witness a CAGR of over 11% during the forecast period (2022 - 2027).
The COVID-19 pandemic has impacted some of the application segments of the market in focus in 2020. However, as the lockdown measures are lifted and the commercial activity resumes, the demand for drones has started recovering in 2021. On the other hand, the demand for applications like medical delivery and law enforcement has increased even during 2020, as drones were used during lockdowns for surveillance and contactless delivery purposes.
Due to increased innovation, lowering costs, and the development of automation technologies, the drone service business is expected to grow. In North America, as the application and integration of drone technologies penetrate a variety of sectors, drone services are expected to become further economical in the years to come.