Connect with us

Technology

Drone Services Markets – Global Forecast to 2028: Focus on Mega-Trends – Green Initiatives, Internet of Things, Rapid Urbanization, & Innovations and Patent Registrations

Published

on

DUBLIN, Feb. 9, 2024 /PRNewswire/ — The “Drone Services Market by Type (Platform Service, MRO, and Training and Simulation), Application, Industry, Solution (End-To-End, Point), and Region( North America, Europe, Asia Pacific, Middle East and Row) – Global Forecast to 2028″ report has been added to ResearchAndMarkets.com’s offering.

The drone services market is estimated to grow from USD 17.0 Billion in 2023 to USD 57.8 Billion by 2028, at a CAGR of 27.7% from 2023 to 2028. North America is estimated to account for the largest share of the drone services market in 2023.

The drone services market has been categorized based on the type of services offered into three primary segments, namely, platform, maintenance, repair, and operations (MRO), and simulation and training. The platform segment further encompasses flight piloting and operation, data analysis, and data processing.

Drone services are rapidly displacing conventional applications in the commercial sector, such as aerial surveys, cinematography, and search & rescue. Drones can be operated for extended periods either remotely by human operators or autonomously by onboard computers. The increased adoption of drone services in various civil and commercial applications is driven by their exceptional endurance and cost-effectiveness. Furthermore, the integration of emerging technologies like artificial intelligence, IoT, and cloud computing into drone services is anticipated to further boost their demand across various sectors.

North America is projected to maintain the predominant market share in 2023. This notable regional growth can be attributed to the burgeoning trend of online retail via e-commerce platforms and the favorable regulatory framework established by the Federal Aviation Administration (FAA) in the United States. Moreover, the increase in investments from prominent industry stakeholders to bolster emerging parcel service platforms is anticipated to be a significant driver of the regional market’s expansion throughout the forecasted period.

Winners of drone services market are Cyberhawk (UK), Sky-Futures Ltd. (UK), DroneDeploy Inc. (US), Terra Drone Corporation (Japan), PrecisionHawk (US), and Aerodyne Group (Malaysia). These key players offer drones applicable for various sector and have well-equipped and strong distribution networks across North America, Europe, Asia Pacific, Middle East and Rest of the World (RoW).

In terms of categorization, the drone services market is divided into platform, MRO (Maintenance, Repair, and Operations); and simulation & training. Platform which encompasses flight piloting & operation, data analysis, and data processing.

The platform segment is poised to exhibit the highest Compound Annual Growth Rate (CAGR) during the forecast period. This can be attributed to its superior data collection efficiency, cost-effectiveness, and the widespread accessibility of drone services worldwide.

Based on industry, includes segments such as construction & infrastructure, agriculture, utility, oil & gas, mining, defense & law enforcement, media & entertainment, scientific research, insurance, aviation, marine, healthcare & social assistance, and transportation, logistics, & warehousing.

Notably, the healthcare & social assistance segment is forecasted to experience the most substantial growth. This growth is attributed to the increased investments in this sector during the COVID-19 pandemic, particularly for the delivery of test samples and vaccines.

Based on solutions, the drone services market is segmented into end-to-end and point solutions. The end-to-end solution segment is expected to witness the highest growth during the forecast period due to the rising demand for comprehensive package solutions that encompass everything from piloting & operation to data analysis and data processing.

Based on application, the drone services market has been categorized into several segments, including inspection and monitoring, mapping and surveying, spraying and seeding, filming and photography, transport and delivery, and security, search, and rescue.

Among these application areas, the transport and delivery segment is projected to be the predominant driver of market growth, characterized by the highest Compound Annual Growth Rate (CAGR) during the forecast period. This trend can be attributed to the increasing demand for expeditious package delivery services, particularly in the healthcare sector, which has seen heightened demand due to the outbreak of the pandemic.

In terms of applications, the drone services market is divided into inspection and monitoring, mapping and surveying, spraying and seeding, filming and photography, transport and delivery, as well as security, search, and rescue.

The industry-based segmentation includes construction and infrastructure, agriculture, utility, oil and gas, mining, defense and law enforcement, media and entertainment, scientific research, insurance, aviation, marine, healthcare and social assistance, and transportation, logistics, and warehousing. These industries utilize a wide range of drone services, including inspection and monitoring, mapping and surveying, and filming and photography.

The drone services market, with regard to solutions, is categorized into end-to-end and point solutions. The end-to-end solution encompasses all platform services, such as piloting and operations, data analytics, and data processing. In contrast, point solutions are specific to piloting or data processing for applications such as surveying, inspection, and monitoring.

Premium Insights

Growing Need for Data with High Accuracy to Drive MarketPlatform Services Segment to Lead Market Share During Forecast PeriodInspection and Monitoring Segment to Have Highest Market Share During Forecast PeriodAgriculture Segment to Record Highest Growth During Forecast PeriodNorth America to Account for Largest Share of Drone Services Market in 2023End-To-End Solution to Dominate Drone Services Market During Forecast PeriodUS to Hold Largest Share of North American Drone Services Market in 2023

Market Dynamics

Drivers

Growing Use of Drones for Crop Health Assessment and Soil MonitoringIncreasing Demand for Drone Inspection and Monitoring ServicesGrowing Need for Surveying and MappingRising Demand for High-Quality Data in Agriculture and Construction Sectors

Restraints

Liability Issues Related to Drone Operations and ServicesDrone Safety and Security Issues

Opportunities

Increased Demand for Drone Delivery ServicesDevelopment of Alternative Modes of Transport

Challenges

Lack of Risk Management Framework and Insurance Cover for Aerial Delivery DronesHigh Investment Cost to Develop Urban Air Mobility Infrastructure Network

Value Chain Analysis

Trends/Disruptions Impacting Customer BusinessEcosystem MappingAverage Selling Price Analysis

Industry Trends

Technology Trends

Drone Data PhotogrammetryArtificial Intelligence DronesLidar and Hyperspectral ImagingBlockchain3D-Printed DronesDrone PayloadsSwarm DronesWireless ChargingAutomated DronesDrone Insurance

Technology Analysis

Utilization of Hydrogen Fuel CellsDrone Tracking and Navigation UpgradesImproved Computer Vision and Motion PlanningNoise Reduction in Drones

Case Study Analysis

Drone Surveying for Infrastructure DevelopmentUse of Drone Technology for Topographic SurveysEnhanced General Visual Inspection Using Drones

Impact of Megatrends

Green InitiativeInternet of Things (Iot)Rapid UrbanizationInnovations and Patent Registrations

Company Profiles

Key Players

Edall SystemsPrecisionhawkCyberhawkVermeerAgeagle Aerial SystemsIcr IntegritySharper Shape Inc.Dronedeploy Inc.Identified TechnologiesTerra Drone Corporationthe Sky GuysDeveron Uas Corp.ZiplineMatternet, Inc.Aerodyne GroupSkydropZeitviewDronegenuityMistras Group, Inc.Aerovironment, Inc.HemavSkycatchAustralian Uav Pty Ltd.SkyspecsArch Aerial LLC

Other Players

Unmanned Experts Inc. (Umex)Viper DronesRaptor MapsGaruda UavMaverick Inspection ServicesCanadian Uav SolutionsDjm Aerial SolutionsReliability Maintenance Solutions Ltd.DroneflightFlytrex

For more information about this report visit https://www.researchandmarkets.com/r/q3axsi

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com 

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/drone-services-markets—global-forecast-to-2028-focus-on-mega-trends—green-initiatives-internet-of-things-rapid-urbanization–innovations-and-patent-registrations-302058555.html

SOURCE Research and Markets

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

The AI solutions for Indonesian businesses received international recognition through the lens of NVIDIA

Published

on

By

AI solutions developed by FPT Smart Cloud receive high praise from the tech giant NVIDIA for elevating customer experience and empowering workforce competency.

HANOI, Vietnam, Oct. 18, 2024 /PRNewswire/ — In April 2024, NVIDIA and FPT Corporation established a strategic partnership, aiming for global AI and Cloud development. After 6 months, the AI solutions of FPT Smart Cloud – a subsidiary of FPT Corporation, have joined the world’s 52 outstanding success stories promoted by NVIDIA. FPT Smart Cloud officially entered the Indonesian technology market in 2023 to provide businesses with advanced AI solutions based on the natural language model for Indonesian.

Fostering intelligent call center operations 

In the digital era, AI virtual assistants are integrated into the contact center to automate simple to sophisticated tasks.

As indicated by NVIDIA, FPT Smart Cloud has taken seamless communication to new heights through the development of FPT AI Engage – the virtual agent for call center. The virtual agent can interact naturally and automate inbound calls, outbound calls, and voice-based call transfer (IVR). Operating on NVIDIA’s most advanced infrastructure, the AI vendor has been able to accelerate the speech synthesis model by 4 times and increase virtual agent efficiency.

With excellent AI capabilities, FPT Smart Cloud has been trusted by many banking and financial institutions, namely Home Credit Vietnam. The consumer finance company has adopted FPT AI Egnage since 2019. Within the first year of operations, the virtual assistant could automatically handle up to 12 million calls per month, allowing Home Credit to save 50% in operating expenses and achieve a success call rate of 98%.

Building the AI-powered workforce of the future 

FPT Smart Cloud developed FPT AI Mentor – the solution to automate and personalize employee training using NVIDIA A100 and H100 GPUs. FPT AI Mentor is built on the large language model (LLM) powered by NVIDIA DGX H100 and supported by NVIDIA NGC and PyTorch to generate and customize learning content from the business knowledge base.

Long Chau, a pharmaceutical chain with more than 1,700 stores, has successfully implemented FPT AI Mentor in its daily training for pharmacists, increasing employee knowledge quality by up to 55% while reducing 30% of resources compared to the traditional training approach.

NVIDIA remarked on the excellent efforts of FPT Smart Cloud in transforming traditional call center operations and business training processes with the power of AI. In the last three years, FPT Smart Cloud placed the focal point on R&D activities for Indonesian and Japanese natural language processing technologies. The year 2023 marked another crucial milestone for FPT Smart Cloud with the bilateral collaboration with Home Credit Indonesia, indicating the first made-in-Vietnam AI solution to successfully reach and win over large enterprises in the global landscape. In 2024, the vendor aims to further conquer international markets, including Indonesia and Japan.

Read about the AI solutions from FPT Smart Cloud featured by NVIDIA here: https://www.nvidia.com/en-us/case-studies/fpt-smart-cloud-levels-up-customer-service-operations/

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/the-ai-solutions-for-indonesian-businesses-received-international-recognition-through-the-lens-of-nvidia-302280124.html

SOURCE FPT Smart Cloud

Continue Reading

Technology

Deakin University Celebrates 30 Years of Impact in India at the Landmark GIFT City Campus with Major Announcements for Future Growth and Engagement in Gujarat

Published

on

By

GANDHINAGAR, India, Oct. 18, 2024 /PRNewswire/ — Deakin University, ranked in the top 1% of global universities, proudly celebrates 30 years of transformative engagement in India with the strategic approach of of ‘In India, with India, for India.’ This milestone year began with the historic inauguration of Deakin’s GIFT City Campus—the first international university branch campus in India. The initial cohort of students commenced classes in July and is now thriving in the dynamic environment of Gujarat International FT City, India’s global hub for business and technology.

As a pioneer in building impactful collaborations and advancing academic excellence, Deakin’s engagement aligns closely with the objectives of India’s National Education Policy (NEP) 2020 – especially around developing a job-ready workforce for the ever-evolving workplace of the future. Looking ahead, Deakin aims to strengthen its strategic presence in Gujarat, driving regional development through strategic interventions with stakeholders across government, industry and academia.

The Honourable Cabinet Minister for Tribal Development and Primary, Secondary and Adult Education, Government of Gujarat, Dr Shri Kuberbhai Mansukhbhai Dindor inaugurated Deakin University’s 30 Years of Impact in India celebrations in Gujarat on 17th October, 2024, at an international conclave titled ‘Building an Innovative Ecosystem – GIFT City,’ hosted by Deakin in partnership with Deloitte at Gujarat International Finance Tec-City, Gandhinagar.

Expressing his deep appreciation for the efforts of Deakin University, the Hon. Cabinet Minister said, “Today, we also mark a very special occasion for Deakin University. I would like to congratulate Deakin on celebrating 30 years of engagement in India, and I am especially delighted that Gujarat has become a significant part of these celebrations. I extend my heartfelt congratulations to Vice-Chancellor Prof. Ian Martin and Ms. Ravneet Pawha, Vice-President of Deakin University and CEO, South Asia, for their outstanding leadership. The opportunities they are creating for students, particularly here in Gujarat, will play a vital role in shaping our future workforce and leaders.

Deakin University itself is a global powerhouse in higher education, consistently ranked among the top 1% of universities worldwide. It is known for its innovation in digital learning and its strong focus on employability, ensuring that its graduates are industry ready. As the first international university to set up a campus in India with the launch of its GIFT City campus in 2024, Deakin continues to make meaningful contributions to India’s education and research landscape.”

The conclave provided a platform for senior government officials, industry leaders, and academic experts to deliberate on a roadmap for next-generation industry-academia convergence, driving India’s transformation. Other esteemed attendees included Paul Murphy, Consul-General, Australian Consulate-General (Mumbai); Shri K Rajaraman, Chairperson, IFSCA; and Shri Tapan Ray, Managing Director & Group CEO of GIFT City, alongside senior leaders from industry, academia, media, and the Deakin team.

Deputy Vice-Chancellor, Deakin University, Dr David Halliwell, shared his sentiments and expressed, “I am immensely proud of Deakin University’s 30-year engagement in India, which has been held up as an example for other international education providers.

The new Deakin University GIFT City campus will deepen our relationship with India and its people, bringing world-class education to those who need it, helping students realise the best future for themselves and their communities, and bolstering our engagement with one of the world’s fastest-growing economies.”

“We look forward to working with India to continue to shape a future of shared progress through education.”

As part of the event, significant Memorandums of Understanding (MoUs) were exchanged in the presence of the Chief Minister, signalling a strengthened commitment to fostering regional advancement through impactful partnerships. These MoUs will deepen Deakin’s strategic engagement in Gujarat, aligning the university’s expertise with the state’s education, sports, and disaster resilience development priorities.

Deakin’s Deputy Vice-Chancellor announced several new initiatives to support India’s capacity-building efforts, research excellence, and international education; alongside extending the bilateral collaboration efforts to take on emergent global challenges:

A commitment of AUD 1 million by Deakin University for strategic Impact Projects focusing on Higher Education, Sports, and Disaster Management in India.Disaster Resilience Management partnerships with the National Institute of Disaster Management (NIDM), and Humanitarian Aid International (HAI) to support India’s disaster resilience framework.Sports Impact Projects:To foster collaborative development across four key areas; digitalisation in the sport industry, enhancing participation, performance, and leadership for Women, developing the Indian sport science workforce and future of sport administration.Sport impact project with the Government of Gujarat.Sport impact project with Dravid Padukone Centre for Sports Excellence and Go Sport Foundation.Sport Impact project with premier IPL Teams Rajasthan Royals and Gujarat Titans.Education Impact Projects:Partnership with the National Institute of Educational Planning Administration (NIEPA).Partnership with the Department of Education, Government of Gujarat, focusing on teacher training initiatives through a pilot program for skilling 100 middle-year teachersExpanding Skilling Initiative in India: In collaboration with NSDC, Deakin’s program has already impacted 2,500 learners, with a vision to transform 15 million lives through skilling initiatives.Research Advancements: Over AUD 14 million in research scholarships and 50 research fellowships allocated to key academic partners across India, in addition to 30 research fellowships awarded to students from the IIT Madras Research Academy.GIFT City Campus Growth: Deakin aims to expand its inaugural cohort to 500 students in the coming years along with executive development programs and short courses in partnership with IFSCA for holistic advancement of the regional landscape.Anjani Mashelkar Foundation Award: In partnership with the Anjani Mashelkar Foundation to award of INR 1 lakh for research aimed at promoting innovative solutions for the inclusion of marginalized communities and fostering societal advancement.

The celebrations in Gujarat concluded with a prestigious celebration at the Deakin University GIFT City Campus, led by Mr. Paul Murphy, Consul-General of the Australian Consulate-General, Mumbai, and Shri K Rajaraman, Chairperson, IFSCA bringing together key stakeholders from government, academia, and industry in Gujarat, along with senior media personnel and the Deakin team. The event was a fitting tribute to Deakin’s enduring legacy, with students from the inaugural batch of the GIFT City Campus adding vibrance through a series of cultural performances.

Expressing her thoughts on the occasion, Ms. Ravneet Pawha, Vice President (Global Engagement) and CEO (South Asia), Deakin University, said, “Deakin University’s 30-year journey with India stands as a testament to the pivotal role we’ve played in strengthening the AustraliaIndia partnership. Over the decades, Deakin has led the charge in building transformative collaborations, and setting new benchmarks in international education, research, and industry engagement. We’ve reimagined and revolutionised educational models to bring global opportunities to India.

Our GIFT City Campus is a reflection of Deakin’s deep commitment and strategic interventions with stakeholders to enhance India’s potential as a global knowledge powerhouse. It embodies the trust and synergy we’ve built with our partners, enabling us to successfully deliver a world-class, industry-focused education right here in India. We take immense pride in empowering Indian students with the skills and knowledge they need to excel in a rapidly globalising economy.”

As Deakin celebrated this legacy at the GIFT City Campus, it reaffirmed its commitment to unlocking the vast potential of knowledge partnerships to contribute to India’s comprehensive progress and its rise as a global leader, driving regional advancement and shaping the future.

To learn more about the Deakin University GIFT City Campus please visit https://www.deakin.edu.au/gift-city-campus-india

About Deakin University:

Established in 1974, Deakin University successfully combines excellence in teaching, research, and effective partnerships with industry and government to deliver high-quality courses and undertake research that makes a difference to the domestic and international communities it serves.

Deakin’s South Asia operations commenced in 1994 in New Delhi, India, making it one of the first overseas education providers to set up operations in this region. In India, Deakin engages with the government, industry, and academia to share its vibrant education and research culture. This year marks Deakin’s 30 years of ‘Impact in India‘, a celebration in tandem with Deakin’s pioneering establishment of India’s first international university branch campus. 

For more information on Deakin University, please visit https://www.deakin.edu.au/

Logo: https://mma.prnewswire.com/media/2534322/30Years_DEAKIN.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/deakin-university-celebrates-30-years-of-impact-in-india-at-the-landmark-gift-city-campus-with-major-announcements-for-future-growth-and-engagement-in-gujarat-302280131.html

Continue Reading

Technology

TOKYO SKYTREE and TV Anime “Jujutsu Kaisen” Holding 1st Collaborative Event — “Jujutsu Kaisen in TOKYO SKYTREE”

Published

on

By

TOKYO, Oct. 18, 2024 /PRNewswire/ — TOBU TOWER SKYTREE Co., Ltd., the operator of TOKYO SKYTREE, is holding “Jujutsu Kaisen in TOKYO SKYTREE,” the first collaborative event between the tower and TV anime “Jujutsu Kaisen.” The event kicked off on Wednesday, September 25, and will last until Sunday, December 22, 2024.

Special website of “Jujutsu Kaisen in TOKYO SKYTREE”
https://www.tokyo-skytree.jp/en/event/special/jujutsukairou/ 

Image: https://cdn.kyodonewsprwire.jp/prwfile/release/M108036/202410097799/_prw_PI1fl_jZMP9y0N.png 

The 450-meter-high Tembo Galleria has an exhibition that allows visitors to look back on the TV anime “Jujutsu Kaisen,” as well as photo spots where visitors can take snapshots with the characters. Limited-edition items only available at the event and a special cafe menu, featuring the event’s key visuals and “chibi-chara” (super-deformed characters), are offered on this floor.

Moreover, videos from the anime are shown at the SKYTREE ROUND THEATER on the 350-meter-high Tembo Deck, where windows are used as a giant screen. In addition to the four types of “Jujutsu Kaisen”-themed special lighting, special admission tickets with a novelty card are available.

TOBU TOWER SKYTREE has expressed hope that tourists from around the world to Japan visit TOKYO SKYTREE for this event.

About TOKYO SKYTREE

The 634-meter-high TOKYO SKYTREE is the world’s tallest free-standing broadcasting tower. It has two observation decks, the Tembo Deck, 350 meters high, and the Tembo Galleria, 450 meters high, commanding a spectacular panoramic view of Tokyo. At night, TOKYO SKYTREE is colorfully lit up in three lighting styles — “Iki,” characterized by a pale blue, “Miyabi,” featuring Edo purple, and the “Nobori” auspicious tangerine hue. Special lighting can be seen during seasonal and other events.

Official website: https://www.tokyo-skytree.jp/en/ 

Social Media Accounts:
Official Instagram: https://www.instagram.com/tokyoskytree_global/
Official X: https://twitter.com/skytreeofficial
Official Facebook: https://www.facebook.com/TOKYOSKYTREE.official/

View original content:https://www.prnewswire.com/apac/news-releases/tokyo-skytree-and-tv-anime-jujutsu-kaisen-holding-1st-collaborative-event—-jujutsu-kaisen-in-tokyo-skytree-302280014.html

SOURCE TOBU TOWER SKYTREE CO., LTD.

Continue Reading

Trending