Smart Innovators: UAV Service Providers

Published 8 November 2018 by Malavika Tohani
Drones Operational Risk Smart Innovators

Access this research

An Operational Risk subscription is needed to access this content.

Please choose an option below

Executive Summary

Unmanned aerial vehicles (UAVs), also known as drones, have been used for military and defence purposes for decades. The rapid growth of the consumer UAV market – Chinese manufacturer DJI had 2017 revenues of $2.7 billion – has reduced the price point for drone equipment. This commoditization of previously specialized hardware has opened up myriad opportunities to use UAVs for commercial, industrial and civil government purposes. This report provides managers with responsibilities in areas such as operations, maintenance, safety and security with an overview of the UAV market and an assessment of 12 of the most prominent UAV service providers. Buyers of UAV services must understand that two distinct types of service providers are emerging in the UAV market and despite the relatively small size of these organizations, they offer a wide range of UAV services for industrial firms covering multiple usage scenarios.

Table of contents

Smart Innovators: UAV Service Providers 
UAVs Offer Distinct Business Advantages Over Existing Work Routines
Vendors Converge On The UAV Market With Three Different Business Models

Assessing The Market For UAV Service Providers
UAV Service Providers Are A New Category In The Consulting Landscape 
Service Providers Offer A Wide Range Of UAV Services For Industrial Firms 
UAV Service Providers Need To Deepen And Broaden Software Expertise 
UAV Market Evolution Will Depend On Spending On Autonomous Innovations

Critical Mass And Innovation Will Determine Future Success 

Table of figures

Figure 1. UAV Service Providers: Organizational Structure
Figure 2. UAV Service Providers: Organization Scale
Figure 3. UAV Projects By Usage Scenarios
Figure 4. UAV Service Providers: Coverage Of UAV Usage Scenarios
Figure 5. UAV Service Providers: Coverage Of UAV Services 
Figure 6. UAV Software Usage
Figure 7. Approach To Software For UAV Management
Figure 8. Change in UAV Usage Scenario Spend In 2019 Compared To 2018
Figure 9. Ranking of UAV Technology Improvements By 2020

Organisations mentioned

3D Robotics, AECOM, Aerialtronics, Aerodyne Group, AeroVironment, Agribotix, Airbus Aerial, AirMap, AirVid, Airware, Altavian, Alta Devices, ANRA Technologies, Autel Robotics, Avetics Global, Aviat Drones, Centrica, Chevron, Consortiq, Cyberhawk, CyPhy Works, Delair-Tech, Delta Drone, DJI, Dominion Energy, Droners, DroneDeploy, DroneView Technologies, Drone Volt Group, EHang, Enel Green Power, Equinor, ERM, European Maritime Safety Agency, Federal Aviation Authority, FLIR Systems, Flyability, FlyLogix, Golder, GoPro, HAZON Solutions, Identified Technologies, Impossible Aerospace, Industrial Skyworks, InspecTools, Intel, Intel Capital, Jacobs, Kespry, Lloyd’s Register, Makamin Offshore Saudi, Martek Aviation, Martek Marine, MEASURE, Microdrones, NASA, Nearview, Network Rail, NTT DATA Corporation, Ocuair, Pilatus Unmanned, Pix4D, Plowman Craven, PrecisionHawk, Rail Safety and Standards Board, Ramboll, RaptorMaps, senseFly, Sharper Shape, Sheringham Shoal, Skycatch, Sky-Futures, SkySpecs, Skyward, Spectair, SSR Mining, Strat-Aero, TerraDrone, Trumbull Unmanned, Uplift Data Partners, Verizon, VolAero, Walkera, Yuneec

About the author

Malavika Tohani

Principal Analyst

Malavika is a Principal Analyst at Verdantix and her work to date has focussed on understanding the innovative EHS technologies landscape and the global EHS software market. Going forward, Malavika’s research will focus on covering operational risk technologies, best practices and growth strategies. She has over 10 years’ experience in research and strategy consulting. Having previously worked at Frost & Sullivan, Malavika has managed and delivered advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

Not a Verdantix client yet?

Register with Verdantix for authoritative data, analysis and advice to allow your business to succeed.