Drone Filming Services Market

Drone Filming Services Market Outlook

The global drone filming services market is expected to reach a valuation of US$ 274.4 million in 2023. During the forecast period (2023-2033), worldwide demand for drone filming services is projected to increase significantly at a CAGR of 17.4% and reach a market size of US$ 1,364.8 million by the end of 2033.

The drone filming services market is about 4.0% of the overall drone service market valued at around US$ 6.6 billion in 2023.

Report Attributes	Details
Market Size (2022A)	US$ 233.7 Million
Estimated Market Value (2023E)	US$ 274.4 Million
Forecasted Market Value (2033F)	US$ 1,364.8 Million
Global Market Growth Rate (2023-2033)	~17.4% CAGR
North America Market Share (2022)	~45.0%
East Asia Market Growth Rate (2023-2033)	~18.5% CAGR
United States Market Growth Rate (2023-2033)	~17.5% CAGR
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

Increasing demand of drone filming services in real estate sector

Drone services are gaining substantial demand from the real estate sector. Drones are a beneficial tool for both brokers and consumer, as it captures real estate from different angle and perspective which are unachievable by humans manually.

Drone filming services are beneficial to brokers in filming real estate or commercial buildings in an attractive way that could prominently help in real estate advertisements.

Additionally, with the help of drone filming services customers are benefited to gain real estate or commercial building views from different angles. Customers could track down faults in the building and nearby environment of the property, which will lead them to have an appropriate decision regarding property buying.

Moreover, these services are expected to have substantial demand in the forthcoming period owing to their cost & time-efficient properties compare to the traditional methods. Whereas, the traditional method includes hiring helicopters, pilots, and an aerial camera operator. The cost incurred in hiring all these services will be eliminated with the utility of the drone videography services market.

• Short Term (2023 Q1-2026): The drone filming services market is projected to rise at a significant pace in the short term period with the rising construction & real estate industry post-COVID-19. It is a cost-efficient solution that is likely to gain popularity among brokers and customer from the commercial sector.
• Medium Term (2026-2029): In the medium term, the market is rising with an increase in drone filming services in the entertainment and sports industry to have prominent visuals of film shots and sports events.
• Long Term (2029-2033): The technological advancement in drones will be projected to rise substantially. Owing to these factors, it will gain popularity in various industries, likely military & defense, agriculture, healthcare, and others. Along with western countries, eastern countries will contribute towards the market expansion in the long run.

North America and Europe together accounts for more than 60% of share in the global drone filming services market.

The above-provided image depicts the market split into the region and customer type. In the customer type segment, commercial accounts for the leading share with 75.0% of the total drone filming services market. Whereas, the market is projected to rise with a CAGR of about 17.4% during the forecast period (2023-2033)

Factors driving the global drone filming services market

“Cost efficiency of drone filming services”

Drones are gaining popularity in almost every industry vertical (construction, real estate & industrial plants, agriculture, military & defense, and others) to capture efficient photographs & video.

Traditionally, helicopters are utilized for filming services by a customer, which also includes hiring a pilot, aerial camera, and professional photographer. All these reasons have resulted in an excessive cost to the customer for even small surveillance, photography, or filming process. With the introduction of drones, the additional cost of drone filming services is been prevented efficiently by the customer, where just a nominal fair is been charged by the services provider to them. Drones are about 85% cheaper than helicopters when utilized in the filming or photography process. Owing to this factor, the drone filming services market is projected to rise at a significant rate in the forthcoming period.

“Rising construction activities worldwide”

The global rise in construction activities has positively impacted the demand for the drone filming services market. The large construction site is comprised of various complexes and risks to humans. Also, they are hard to monitor manually and are a costly process. For such reason, drone has gained popularity in the construction industry. As drones are compact in design and integrated with high-quality cameras which help inspect a hard-to-reach structure efficiently. Also, the drone filming services efficiently monitor the worker's condition and other equipment present in the construction site to establish improved construction site safety.

With the use of drone filming services, large data regarding construction sites could be collected. Large areas could be captured with ease and cost-efficiency is achieved by the customer on the utility of drones in comparison with the traditional approach. With the advent of drone utility in construction sites, the drone videography market is expected to rise at a substantial rate in the forthcoming period.

Factors challenging the market expansion

“Strict government regulation on drone uses”

The use of drones is bound to several government regulations which are framed by undertaking people’s safety, privacy and threats. With the significant advancement in drone technologies, these could be used in surveillance by terrorists & thieves for some structure or person. Also, drone technologies are at the evolving stage, which is required permission for use in different activities. For example, The Federal Aviation Administration (FAA), has framed strict regulations for drone utility for commercial purposes, where the remote pilot certificate is required to use by businesses or individuals from FAA.

Drones are required to be weighed under 55 pounds and needed a mark on the outside with the registered number along with carrying proof of registration needed with the pilot while flying a drone is mandatory. Owing to all these strict regulations and complexes associated with drone utility, the drone filming services market is expected to be hampered.

Country-wise Insights

Why is demand for drone filming services increasing in the United States?

The United States drone filming services market is projected to expand at a CAGR of 17.5% from 2023 to 2033.

The country has observed several numbers of drone registration for commercial and recreational purposes which are exhibiting the demand for drone filming services market. The FAA has announced the registration of about 318,500 commercial drones and about 531,800 recreational drones in April 2022.

Also, the country has observed with procurement of advanced technology in different industry verticals like agriculture, real estate, construction, and entertainment. This factor has been attributed to the demand for drone filming services to efficiently capture images of the sites and help users in accurate monitoring, decision-making, and ensuring the safety of the employees. Owing to all these factors, the market is projected to have significant growth in the United States.

Which factors are contributing to China’s drone filming services market growth?

Chinese drone filming services are highly fragmented and projected to rise with a substantial growth rate of 19.2% in the forecast period (2023-2033).

The demand for drone filming services has grown in the region with the spread of COVID-19 in the country. Healthcare professionals and government authorities used drone filming services to track people with health issues due to COVID-19. Also, people are monitored with the use of drone filming services by a government authority to check whether people are following the regulation regarding lockdown.

Additionally, the rising housing & real estate sector in China is another factor attributing to the growth of the market in the region. Since drone filming service provider offers attractive videography of houses and real estate to contractors for marketing purpose. Moreover, the agriculture sector is expected to have substantial utility in drone filming services to monitor crops & live stocks in the region.

Category-wise Insights

Entertainment & recreational sector to exhibit largest share

In the entertainment and recreational industries, drone filming services have greatly increased in popularity. Since they can collect images, they can ensure that their surroundings are visible. Drone filming service providers can also take pictures and videos at precise angles and in excellent detail with the help of drones. Filmmakers may now take pictures in several previously impractical ways owing to the use of drones.

Drastic budget cuts for production. A production team can now use a reasonably inexpensive drone to get a higher-quality shot on film and save a ton of money without having to rent pricey cranes or pay for expensive helicopter rentals.

Drones have enlivened sports and made it easier for coaches to communicate during a competition or training session.  Drones are equipped with cameras and could take shots from different angles which is not easy been captured by humans. Owing to the substantial utility of drones for the entertainment and recreational sector will drive the segment’s growth in the forthcoming period.

Commercial customers to manifest huge demand for drone filming services

Customer from the commercial sector accounts for a leading share of 75.0% in the global drone filming services market.

Drone filming services have utility in various industry verticals ranging from real estate, oil & gas, education, waste management, and others. Customer from the commercial sector hires these service providers to efficiently monitor and track the record of their properties. These services are cost & time efficient to the traditional approach of monitoring which is gaining popularity among customers from the commercial sector.

The global rise in the real estate industry and infrastructure development is a major factor in escalating market growth. With the help of good-quality drone videography, stunning marketing content could be created for brokers to attract customers. Also, to inspect & compare the basic structure of bridges, roads, and others with the planned structure, the demand for drone filming services is projected to rise at a significant pace in the forecast period.  

Competitive Landscape

Key market participants in the drone filming services market are 3DroneMapping, ABJ Drones, AerialWorks Inc., AERIUM Analytics, AeroMedia Group, Aivia Group, Artrabia, AUAV, Avian UAS, Cloud 9 Creative, DATA PKT Aviation, DC Geomatics, DDC Smart Inspection, Drone Dispatch and Falconviz.

The drone filming services are comprised of both new and established market players. These market players are taking strategic moves like service launches and mergers to expand their food print and consumer base. For instance,

• In September 2021, CoreLogic has introduced improved national drone services. With such an initiative, the company has invested in new drone technologies which can offer high-quality (4K HDR) photographs and high-resolution videos to the users.
• In August 2021, leading real estate photography and videography businesses joined forces to create Ventura and Santa Barbara Counties' most cutting-edge and all-encompassing Real Estate Media enterprise. Professional real estate photography, videography, FAA-compliant aerial drone photography, and 3D Matterport technology are among the offered services.

Fact.MR has provided detailed information about the provider of drone filming services market positioned across regions, revenue growth, and service offering expansion, in the recently published report.

Segmentation of the Drone Filming Services Market

• By Customer Type:

  • Residential
  • Commercial

• By 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
  • Healthcare & Insurance

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa