8/17/2023 0 Comments Rent a camera drone![]() Since buying a drone is quite expensive for an individual & small businesses than renting, therefore they prefer drones on rent which helps in sustaining the profitability of their business. ![]() Also, if the customer wants to learn how to fly a drone, prefers drones on rent rather than buying one, and avoid spending big bucks on buying one. Renting a drone is a cost-effective option for people who are flying it for entertainment and recreational purpose than for commercial reasons. “ Cost benefits associated with drone renting over drone owning” What are the factors driving the demand of drone rental business market? During the historic period (2018-2022), the market growth rate was 9.3% and projected to rise with a CAGR of 17.8% during the forecast period (2023-2033). The image illustrate the expected total addressable market value of US$ 91.88 million in the 2023. Drone utility for fun activities and learning purposes by the intermediate will exponentially drive the drone hiring services in the long term.Įast Asia is expected to rise with fastest CAGR of 19.0% in the drone rental business market during the forecast period (2023-2033). Long Term (2029-2033): Drone rental services are gaining popularity from individuals for entertainment & recreational purpose.The Unaffordability of customers to purchase a drone will move them to rental services. ![]()
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