The Rising Real Estate Industry Aiding Demand For Drone Services For Elite Images & Videos Will Drive Market Growth, States Fact.MR

The global real estate drone services market is expected to secure a valuation of US$ 398.9 million in 2023. During the forecast period of 2023-2033, the market for real estate drone services is expected to exhibit a CAGR of 17.3% and reach US$ 1,967.3 million by the end of 2033.

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The increasing real estate industry will exhibit the demand for the real estate drone services market worldwide. The service providers offer essential services like photos & videos of the building, mapping and inspection services to the customer (both commercial & residential). This helps them in having an overall view of the building & tracking any cracks and other defaults in the building.

In the real estate sector, these services are immensely beneficial for brokers or agents for real estate marketing and attaining large customer attraction towards the property. This proved to be a cost-efficient solution for the brokers with a higher return while presenting photos and videos of the building to the customer. The real estate drone services market is about 5% of total drone services and is projected to capture more share in the forecast period with the rising real estate industry.

Key Takeaways from Market Study

  • During 2023-2033, the market will expand with CAGR of 17.3%
  • Among regions, East Asia exhibits fastest growth with CAGR of 18.3%
  • Photography & filming holds about 52.0% of share in service type segment
  • The global real estate drone services market growth was about 11.5% during 2018-2022.

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Market development

The real estate drone services market is comprised of both established and new market players, who are taking necessary steps toward market development. Production and registration of new drones to the government authorities and the introduction of new services are primary initiatives has been observed in the market. Owing to this factor, the market is projected to rise at a substantial rate in the forecast period with an increase in the real estate industry.

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global drone mapping 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 services (mapping & surveying, inspection and photography & filming), end-use industry (commercial and residential) 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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