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

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.