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

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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

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CNN rings in 2025 from across the Asia Pacific, culminating with Anderson Cooper and Andy Cohen in New York

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HONG KONG, Dec. 23, 2024 /PRNewswire/ — CNN is gearing up for another unforgettable New Year’s Eve celebration, leading its global audience into 2025 with music, laughter, and live coverage from around the world. At 7:00 AM ET, CNN kicks off its live reporting from various international cities as they ring in the new year in the Asia Pacific, with Kristie Lu Stout anchoring live from Victoria Harbor in Hong Kong starting at 9:00 AM ET/10:00 PM HKT to 12:00 PM ET/1:00 AM HKT. The festivities will culminate with Anderson Cooper and Andy Cohen co-hosting CNN’s New Year’s Eve Live with Anderson Cooper and Andy Cohen from New York City’s Times Square for an eighth consecutive year.

CNN’s line-up of international correspondents will also make appearances during the broadcast, including Lynda Kinkade from Luna Park in Sydney, Hanako Montgomery in glittering Tokyo, Mike Valerio from the iconic Bosingak Belfry in the heart of Seoul and Will Ripley overlooking the Chao Phraya River in Bangkok.

Joining our correspondents will be a star-studded line-up of guests from across the worlds of entertainment, fashion, arts and sports. Kristie Lu Stout has a full slate with Marie Kondo, Japanese “professional tidier”, organization expert and Konmari founder, Japanese contemporary artist Takashi Murakami, Chinese-American fashion designer Vivienne Tam, the Philippines’ double gold medalist, Carlos Yulo, viral Japanese dance troupe Avantgardey, Pakistani actor and filmmaker Usman Mukhtar, Indian-American comic Zarna Garg, and Panda keeper at Hong Kong’s Ocean Park, Matt Leung.

In Australia, Lynda Kinkade chats with music legend Sting, Colin Hay from 80’s band Men at Work, fashion designer Rebecca Vallance, and actress and voice of Chilli from Bluey, Melanie Zanetti.

Thailand will provide the backdrop as Will Ripley talks to international rapper, singer, dancer and style icon, LISA, Chinese-American double gold medalist in freestyle skiing, Eileen Gu, Pakistani actress Hania Aamir and Taiwanese-American drag performer and winner of season 16 of RuPaul’s Drag Race, Nymphia Wind.

From Japan, Hanako Montgomery speaks with K-pop superstar, TAEYANG, Japanese comedian Naomi Watanabe and Japanese two-time Olympic gold medalist skateboarder, Yuto Horigome, while in Korea, Mike Valerio interviews Indonesian all-female rock trio, Voice of Baceport.

CNN’s New Year’s Eve Live with Anderson Cooper and Andy Cohen begins at  8:00 PM ET, with music, comedy and some surprise guests, including Curtis “50 Cent” Jackson, live from his residency at Planet Hollywood Resort & Casino in Las Vegas, Meghan Trainor, Shania Twain, Diplo, Lil Jon, Mickey Guyton who will perform “Imagine” live from Times Square, Patti LaBelle, and comedians Whitney Cummings, Amy Sedaris, Sasheer Zamata, Ziwe, Adam Devine, and more.  

CNN’s New Year’s Eve coverage will stream live on Max for subscribers and on CNN.com, CNN connected TV and mobile apps for pay TV subscribers.

About CNN Worldwide

CNN Worldwide is the most honored brand in cable news, reaching more individuals through television, streaming and online than any other cable news organization in the United States. Globally, people across the world can watch CNN International, which is widely distributed in over 200 countries and territories. CNN Digital is the #1 online news destination, with more unique visitors than any other news source. Max, Warner Bros. Discovery’s streaming platform, features CNN Max, a 24/7 streaming news offering available to subscribers alongside expanded access to News content and CNN Originals. CNN’s award-winning portfolio includes non-scripted programming from CNN Original Series and CNN Films for broadcast, streaming and distribution across multiple platforms. CNN programming can be found on CNN, CNN International and CNN en Español channels, via CNN Max and the CNN Originals hub on discovery+ and via pay TV subscription on CNN.com, CNN apps and cable operator platforms. Additionally, CNN Newsource is the world’s most extensively utilized news service partnering with over 1,000 local and international news organizations around the world. CNN is a division of Warner Bros. Discovery.

About Warner Bros. Discovery

Warner Bros. Discovery is a leading global media and entertainment company that creates and distributes the world’s most differentiated and complete portfolio of branded content across television, film, streaming and gaming. Available in more than 220 countries and territories and 50 languages, Warner Bros. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, Max, discovery+, CNN, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Pictures Animation, Warner Bros. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Español, Hogar de HGTV and others. For more information, please visit www.wbd.com

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SOURCE CNN International

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Incheon’s Bold Return to CES 2025: Pioneering Tomorrow’s Smart Cities

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SEOUL, South Korea, Dec. 18, 2024 /PRNewswire/ — The Incheon Free Economic Zone Authority (IFEZ) will make a strong comeback at CES 2025, which will be held from January 7 to 10 in Las Vegas. Under the theme “Urban Renaissance: Building Tomorrow’s Smart Cities Today,” IFEZ will showcase its smart city vision and highlight cutting-edge technologies from 41 innovative companies.

The Incheon-IFEZ pavilion in the AI Zone of the North Hall at the Las Vegas Convention Center will spotlight ten leading Incheon-based startups specializing in AI, urban tech, and smart city solutions. Beyond the pavilion, ten companies will join the Eureka Park Korea Pavilion, six will exhibit at the Global Pavilion, and 15 more will participate as part of a broader delegation.

This extensive representation underscores Incheon’s emergence as a tech innovation hub, reflecting its global ambitions and technological prowess.

The Incheon-IFEZ pavilion promises to be more than just an exhibition space. It will transform into a dynamic networking hub where global business leaders, investors, and innovators can explore potential collaborations with Incheon-based companies.

The pavilion’s first major event, the Unveiled Incheon Media Stage, will introduce IFEZ’s forward-thinking smart city vision to international media outlets on January 7. All Connected Incheon Night will bring together global investors, entrepreneurs, and industry leaders to foster meaningful partnerships that evening.

The momentum continues on January 8 with the IFEZ Tech Talk, featuring industry giants like LG Electronics, Lotte Innovate, and the Stanford Center at Incheon Global Campus. They will present insights into IFEZ’s smart city projects and innovation initiatives.

On January 9, the spotlight will shift to the IFEZ Showcase, a pitching competition where Incheon’s top startups will present their groundbreaking technologies to over 30 global venture capital investors. This event aims to secure international partnerships and expand market reach.

IFEZ’s continued participation at CES reflects its commitment to driving global innovation. Established in 2003 as South Korea’s first free economic zone, IFEZ encompasses Songdo, Yeongjong, and Cheongna. Designed to stimulate economic growth, its advanced infrastructure and prime location have made it a thriving business hub over the past two decades.

By participating in CES 2025, IFEZ reaffirms its dedication to fostering innovation and connecting visionary startups with the global market. The official CES 2025 Incheon-IFEZ website, www.ces2025-ifez.com, provides more details.

Media and Interview Contact

Don Southerton, CES 2025 Incheon-IFEZ
Dsoutherton@bridgingculture.com
+1 310-866-3777

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SOURCE The Incheon Free Economic Zone Authority

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ANTA Unveils ANTAZERO UPCYCLE Collection

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Shanghai’s Iconic Wukang Road Hosts the Industry’s First Sustainable Sports Fashion Extravaganza

SHANGHAI, Dec. 22, 2024 /PRNewswire/ —  ANTA captivated audiences with a groundbreaking sustainable sports showcase on Shanghai’s iconic Wukang Road, debuting the ANTAZERO UPCYCLE collection. Co-conceived with the sustainability platform canU and renowned Chinese creative visionaries, the collection reimagines ANTA’s surplus inventory into elevated, eco-forward designs. Melding artistry with environmental responsibility, the event underscores ANTA’s trailblazing commitment to sustainable innovation.

Set against the backdrop of ANTA’s Zero-Carbon Mission Store at 98 Wukang Road, the unconventional runway blurred boundaries between fashion, sports, and daily life. Models and influencers brought the upcycled collection to life, embodying dynamic looks for diverse scenarios—from skiing and cycling to city walk, ageless style, and pet-friendly ensembles. The spirited procession spilled into the streets, inviting onlookers to witness the harmonious fusion of sustainability, inclusivity, and sports-inspired aesthetics.

The ANTAZERO UPCYCLE collection represents a pioneering collaboration with canU and four Chinese design luminaries, each infusing their unique vision into ANTA’s inventory. The canU platform’s ethos of weaving sports into everyday life is reflected throughout the collection; CHENPENG crafts bold expressions of environmental themes using surplus down materials; SANKUANZ revitalizes inventory pieces with experimental spray-painting, breathing new emotion into existing fabrics; MEGARMENTS celebrates ANTA’s basketball heritage with intricate upcycled craftsmanship; and KAIKAI explores the aspirational ideal of 100% recycled design, pushing the boundaries of sustainability. Through their innovation, dormant inventory was transformed into wearable art, embodying a circular tenor of creativity and resourcefulness.

ANTA CEO Xu Yang has articulated a clear vision: green principles must evolve into green growth engines to achieve lasting commercial sustainability. The newly unveiled ANTAZERO UPCYCLE collection exemplifies this philosophy, repurposing surplus garments and fabrics into mass-producible, market-ready designs. By minimizing energy-intensive processes such as weaving and dyeing, the collection marries environmental responsibility with fresh, contemporary aesthetics. Offering consumers innovative, eco-conscious lifestyle choices, it underscores the seamless integration of sustainability into business strategy. As Cui Dan, ANTA’s sustainability advisor and founder of the canU sustainable platform, aptly noted, “Only when brands and industries translate sustainability into tangible products can consumers truly recognize its value.”

The ANTAZERO UPCYCLE collection is now available at ANTA’s Zero-Carbon Mission Store and via the ANTA WeChat Mini Program, providing consumers with access to a new era of sustainable fashion.

Since inaugurating its Zero-Carbon Mission Store on Earth Day, April 22, ANTA has actively celebrated global sustainability milestones, including World Oceans Day and International Panda Day. Through immersive art installations, curated exhibitions, and interactive events, ANTA has collaborated with media outlets, industry partners, and its consumer base to champion eco-consciousness. The launch of the ANTAZERO UPCYCLE collection and the resounding success of the sustainable sports fashion show serve as a crowning achievement in ANTA’s year-long sustainability efforts, addressing global environmental challenges while spotlighting the ingenuity and responsibility of Chinese sports brands.

As part of its ambitious goal to achieve carbon neutrality by 2050, ANTA continues to pioneer sustainable solutions across product development and retail operations. According to its 2023 ESG report, nearly 20% of ANTA Group’s products are now sustainable, driven by continuous advancements in eco-friendly materials and innovative design. The brand remains dedicated to mainstreaming sustainable consumption, delivering products that seamlessly blend style, functionality, and environmental stewardship.

In 2024, ANTA Group retained its top position in China’s sports industry on the “Green Supply Chain CITI Index”, published by the Institute of Public & Environmental Affairs (IPE), for the second consecutive year. Looking ahead, ANTA reaffirms its commitment to sustainability, leveraging innovation to fuel green growth. By offering sustainable products and services to a global audience and spearheading the eco-transformation of its supply chain, ANTA is forging a path toward a low-carbon future in collaboration with consumers and partners alike.

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