Drone Surveying Market

Drone Surveying Market Outlook (2023 to 2033)

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.

Report Attributes	Details
Market Size (2022A)	US$ 1157.1 Million
Estimated Market Value (2023E)	US$ 1380.4 Million
Forecasted Market Value (2033F)	US$ 8061.5 Million
Global Market Growth Rate (2023 to 2033)	19.3% CAGR
North America Market Share (2022)	~35%
East Asia Market Growth Rate (2023 to 2033)	~23.2% CAGR
United States Market Growth Rate (2023 to 2033)	~17.4% CAGR
Key Companies Profiled	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; DC Geomatics; DDC Smart Inspection; DeltaDrone; Drone Dispatch; Drone Evolution; Dronegy; Drontek Aerial Solution

Drone Surveying Market – A Multi-Billion-Dollar Opportunity

The drone industry as a whole has been on a technological improvement spree for a quite long time. The drone industry has witnessed multiple breakthroughs in its uses and operations. The drone market is flooded with companies providing an abundance of drone-related products and services.

Drone surveying services have emerged as one of the most sought-after drone-related services in the past few years. Drone surveying services are being applied in multiple industries such as agriculture, mining, infrastructural development, energy, transportation, etc. and the demand continues to increase and more industries are expected to integrate drones for their operation use.

Currently, the drone surveying market is enjoying a valuation of US$ 1157.1 million and is expected to witness double-digit growth in the next 10-15 years. The drone industry, especially the companies proving products/services related to surveying and mapping are witnessing huge demand from both consumer and investors. Venture capitalists and private equity firms are investing millions of dollars in these companies to be early participants in the soon-to-be multi-billion-dollar industry.

• Short Term (2023 Q1-2026): The drone surveying industry is in its early stage of growth where still many industries are ready to adopt the uses of drones in their operations. It is expected that during this period, the drone surveying market will take a form of an organized industry.
• Medium Term (2026 to 2029): The industry is expected to become mainstream, where we will have the proper market leader in each segment of the drone surveying market. The industry will witness huge demand from government agencies for its uses in infrastructural development, transportation, and urban planning among others.
• Long Term (2029 to 2033): The role of regulatory bodies will be essential in shaping the future of the drone service industry. The continuous technological advancement will drive the drone surveying industry to new heights. The adoption of drones in the new and emerging market is expected to happen in the coming future.

According to Fact.MR, a market research and competitive intelligence provider, the global drone surveying market is expected to grow at a CAGR of 19.3% during the forecast period of 2023 to 2033.

The above image presents a market analysis of the drone surveying industry based on the survey type and region. Under the survey type, the land survey accounts for 53% of the total market shares.

Factors Driving the Demand for Drone Surveying Services

“Increased Spending on Urban Planning and Development”

The drone surveying market is witnessing increased demand for its services across different industries. The survey done by drones has multiple benefits in comparison to the traditional way of surveys such as lower cost, reduced time, and improved end results.

The drone covers a larger area within less amount of time and money for a survey if compared with the traditional or conventional way of surveys. Since the data is captured and generated with actual imagery, it also brings better transparency in the end result. All these benefits have resulted in increased demand from governments and real estate development companies for drone surveying services. The drone surveying service providers are entering into partnerships with companies and the government to carry out surveys on their behalf for the planning and development of urban areas and townships. The image and data collected from the drone surveys are more accurate and can be converted into meaningful output as per the requirements. This helps governments and infrastructure development companies in different stages of planning in township development, urban planning, and land surveys.

“Rising Technological Advancement”

The continuous advancement of technology in the drone market has led to increased demand for their products and services. The services or task performed by a drone has significantly improved in the last few years which has ultimately resulted in improved demand.

The industries catered to by drones have also increased significantly. Earlier most of the demand for drones was from agriculture and public administration, now it has increased to infrastructure development, mining, energy, education, and transportation among others. Now a mining company can easily calculate/measure the area covered for the mining, or the stockpile volume with the help of drone surveys. It is expected that in the coming years, the drone surveying industry will witness continuous technological advancement, resulting in the expansion of service offerings.

Factors Affecting the Growth of the Drone Surveying Market

“Complex Drone-Related Regulations”

The drone industry as a whole is highly regulated owing to multiple issues such as data privacy, security, and safety. As the drone industry is comparatively new, there are still so many areas unturned and even regulatory bodies are not well versed with all the rules and regulations or compliances which is required and important for the drone industry.

The industry is witnessing a high number of market participants across different segments of the market, however, they are finding it difficult in getting the required approvals from the regulatory bodies. For example, companies that are into drone medical deliveries have to get approval from both aviation s well as pharmaceutical regulatory bodies. As a result, the industry is facing a loss of business and opportunities.

Country-wise Insights

The US Drone Surveying Market is the Global Market Leader

The US has been the market leader in the drone industry since the start of the drone revolution. Across industries, companies have employed drones for their day-to-day operations. Industries such as pharmaceuticals, mining, real estate, and agriculture are some of the prominent end-use industries for the drone surveying market.

The US drone surveying market is expected to witness double-digit market growth in the forecast period and is expected to reach a valuation of US$ 2540.0 million by the end of 2033. The construction and mining industry is expected to be the market leader in the demand for drone surveying services. Increased spending from governments and rising demand for residential and commercial spaces would add a significantly high pace to the overall drone surveying demand in the US.

India will Become the Most Promising Market for Drone Surveying Industry

India is poised to become one of the market leaders in the drone industry across the major economies of the world. The rising spending of governments on infrastructural development and growing agricultural output along with an improved overall economy will aid the already flourishing drone industry.

From a drone surveying market perspective, the industry is estimated to witness huge demand from the construction and agriculture sectors. Agriculture as an industry contributes around 20% to the overall GDP of India. However, the industry is poised to be disrupted by the integration of technology in various stages of agriculture. Services like inspection, spraying, and surveying can be performed with the help of drones with less amount of time and money. Indian drone surveying market is poised to grow at a CAGR of 23.1% over the next 10 years. Surveying also helps the farmers in capturing a close range of images and videos, which ultimately help them in analyzing the health of the overall crop growth.

Category-wise Insights

Why Land Survey Commands Largest Market Share?

The drone land survey as a service is a common one among all industries. The demand for land surveys arises from sectors such as construction, mining, energy, real estate, public administration, and agriculture among others. That is why land survey services contribute most to the drone survey company’s revenue.

The drone land survey holds around 53% of the total market share in the drone survey industry. With the help of drone land surveys, companies/institutions get their desired datasets which ultimately help them in making informed decisions. For example, a land survey for infrastructure development can help companies and planning and development by providing required 3D maps or images. It is expected that the land survey market to remain the top revenue contributor for drone survey service providers.

Construction Industry to Contribute Most to the Drone Surveying Service Demand

The spending on infrastructural development has been all-time high across the major economies of the world. The market players are taking the help of drone service providers in different stages of planning and development. Drone surveying companies provide services for the use of town planning, land record digitalization, urban city development, and other development-related services.

With the help of drones, companies are able to cover increased areas (acres of land/area) within no time, and with precise and accurate data. These collected images and data can be easily converted into meaningful output, which can be useful in the planning and development of urban towns. Drone surveying has been very useful for the construction industry by providing important insights with minimal cost and improved efficiency.

Competitive Landscape

The prominent market players associated with the drone surveying industry are 3DroneMapping, Aerial Robotix, Aerial drone solution, Aerial Vision Ltd, AerialWorks Inc., AERIUM Analytics, Aerodrome, Aero Enterprises, Aeroview Services, Afridrones, Aivia Group, Artrabia, Astral Aerial Solutions, AUAV, Avian UAS, AviSight, Cyberhawk, DATA PKT Aviation, DC Geomatics, DeltaDrone, Dronegy, Drone Dispatch, Drone Evolution, Drontek Aerial Solution, DDC Smart Inspection.

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.

Fact.MR has provided detailed information about the providers of drone surveying services positioned across regions, revenue growth, and service offering expansion, in the recently published report.

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