Development in the Real Estate Industry Will Exhibit the Drone Filming Services Market Demand

The global drone filming services market is expected to secure a valuation of US$ 274.41 million in 2023. During the forecast period of 2023-2033, the market for drone filming services is expected to exhibit a CAGR of 17.4% and reach US$ 1,364.8 million by the end of 2033.

Global drone filming services are expected to rise with the growing real estate industry and the cost-efficiency offered by drones to customers from different industry verticals. Drones can capture high-quality videos of real estate and surroundings from different angles to help brokers in marketing and getting more leads for the same. Also, these services are utilized to monitor faults and cracks in buildings, roads, bridges, and other sectors, as drones are compact and could easily reach where humans can’t.

Moreover, the drone filming services market is 4.0% of the global drone services market. The significant growth in drone services will fuel the demand for drone filming services. It is projected to rise with a significant growth rate in the forthcoming period with time & cost-efficient services of drone filming. It avoids the excessive cost incurred by the traditional approach of hiring a helicopter, pilot, and professional photographer. Also, captures the real estate area within a shorter period along with accuracy.

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Key Takeaways from the Market Study:

• During the historic period (2018-2022), the market has grown with a CAGR of 8.9%
• Among the end-use industry segment, entertainment & recreational holds the leading share with 17.0% during 2022.
• Europe and North America both account for 60% of share in global drone filming services market.
• China is expected to grow with the highest CAGR of 19.2% during 2023-2033.

“Drone filming services to gain substantial demand from the entertainment & recreation sector,” says a Fact.MR analyst.

Market Development

The business environment in the global drone filming services market is highly competitive with the presence of large market players and the introduction of new participants in the industry. These market players are taking strategic moves like service launches and mergers & acquisitions to stick competitive in the market. This factor also helps in enhancing the market player’ customer base & global footprint. The competitive rivalry is high in the market and it is projected to positively help in the market development during the forecast period.

Key Companies Profiled:

3DroneMapping; ABJ Drones; AerialWorks Inc.; AERIUM Analytics; AeroMedia Group; Aivia Group; Artrabia; AUAV; Avian UAS; Cloud 9 Creative; DATA PKT Aviation; DC Geomatics; Drone Dispatch; DDC Smart Inspection; Falconviz

Industry News:

1. ·In September 2021, CoreLogic launched enhanced national drone services, marking a significant investment in advanced drone technology. This initiative enables the delivery of high-quality 4K HDR images and high-resolution videos to clients.
2. ·In August 2021, prominent real estate photography and videography companies collaborated to establish the most innovative and comprehensive real estate media firm in Ventura and Santa Barbara Counties. The venture offers a wide range of services, including professional real estate photography, videography, FAA-compliant aerial drone imaging, and 3D Matterport technology.

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global drone filming services market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of customer type (residential and commercial), end-use industry (energy, construction, transportation & warehouse, agriculture, mining, oil & gas extraction, public administration, real estate & industrial plant, entertainment & recreational, safety & security, educational services, waste management and healthcare & insurance) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

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