Air Freight News

Drone maintenance market to hit US$ 825.0 million by 2033 | exclusive report by Fact.MR

Jan 23, 2023

The global drone maintenance market is expected to be valued at US$ 72.7 million in 2023. It is projected that the market will rise with a CAGR of 27.5% during the forecast period and enjoy a total valuation of US$ 825.0 million in 2033.

The global rise in drone production and adoption from different end-use industries has substantially escalated the demand for drone maintenance service providers. People are getting more aware of the routine maintenance of drones to gain greater work efficiency. A business using drones is projected to witness substantial growth in operating profit, therefore, demand for drone maintenance services is projected to be exceptionally high in the forthcoming period.

The drones are required routine maintenance every 10 flights, propeller changes every 200 flights, and others. The drone utility in the commercial sector is exceptionally high. Owing to this factor, the commercial sector is estimated to have a high utility of drone maintenance services than the individuals using a drone for entertainment & recreation purposes.

Key Takeaways from Market Study

· During 2023-2033, the market will expand with CAGR of 27.5%

· Among regions, East Asia exhibits fastest growth with CAGR of 28.7%

· Multi-Rotor holds about 67.0% of share in drone type segment.

· The global drone maintenance market growth was about 18.3% during 2018-2022.

“Growing drone utility in different industry verticals will create lucrative opportunities for the market growth,” says a Fact.MR analyst.

Market Development

The drone maintenance market is highly fragmented with the introduction of various market players in the industry. These market players are taking favourable moves like service launches and mergers & acquisitions to enhance their global footprint and market share. This factor substantially attributing to the healthy development of the drone maintenance market.

Similar Stories

Flood damage at Auckland Airport halts international flights

New Zealand’s biggest airport delayed the reopening of its international terminal Saturday because “critical components” of the infrastructure were damaged by severe flooding after a sudden summer storm.

View Article
Italy starts talks with Lufthansa to sell minority stake of ITA

Italy initiated talks with Deutsche Lufthansa AG to sell a minority stake of ITA Airways, the successor of Alitalia SpA, in a move that may kick off aviation industry consolidation…

View Article
Alaska Air CEO says Silicon Valley business travel has dried up

The head of Alaska Airlines says Silicon Valley technology companies have “turned off” their business travel, and it could be as much as another year before they start booking trips…

View Article
Zongteng Group chooses WFS for Boeing 777F freighter flights as e-Commerce cargo boosts
View Article
Boeing-DOJ ‘sweetheart deal’ decried by victim’s wife

Naoise Connolly Ryan told a Texas judge she’s refused any of the $500 million Boeing Co. was required to set aside to compensate families of 737 Max crash victims under…

View Article
Auckland Airport halts domestic, international flights on floods

Auckland Airport said it would halt domestic and international flights until noon on Saturday after New Zealand’s biggest city was hit by incessant rain that flooded the terminal buildings.

View Article