Recent Developments in Drones Market 2021, Segmented Data Analysis and Commercial Operation Data by 2027 – This Is Ardee
Drones Market: Based on Drone Type (Fixed Wing Drones, Rotary Wing Drones, Hybrid/Transitional Drones), By Application (Construction & Archaeology, Precision Agriculture, Energy, Entertainment, Security & Law Enforcement, delivery and logistics, military, filming and photography, inspection and maintenance, mapping and surveying, and surveillance and surveillance), by power source (lithium-ion battery, solar cell, fuel cell, and hybrid cell) and region – Size Global Industry Growth, Trend, Opportunity, and Forecast (2020-2025)
The Drones Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by major market players operating in the global market. It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will offer one of the most comprehensive analyzes in the market, capturing all aspects of the Drone industry.
Overview of the drone market
The drone market size was estimated at USD 206 billion in 2019, which is expected to reach USD 47 billion by 2025, registering a CAGR of 15% during the forecast period (2020-2025). A drone is an unmanned aerial vehicle without a human pilot on board. A drone is an unmanned aircraft system that includes a ground controller, a UAV, and a network to communicate between the ground station and the drone. Drones were initially considered military equipment; however, they have developed a significant market position in various sectors over the years, such as construction, agriculture, offshore oil and gas refining, and cinematography, among others. Advancements in drone technology have allowed manufacturers to produce multiple models of varying sizes, shapes, and weights, making them preferred across industries. In addition, manufacturers are focusing on the development of lightweight drones made of composite materials with high-power storage cells and increasing the range of its radius of action.
Drone Market Dynamics
The increasing use of drones in military and defense forces as weapon loafers, in life-threatening operations, maritime border patrols and counter-terrorism is one of the major driving forces of the market world of drones. Continued industry growth and emergence of technologically advanced products such as camera scanning, drone specifications, sensory applications, and mapping software are expected to further fuel the growth of the drone market. . Additionally, increasing applications including but not limited to surveillance, surveying, precision farming, aerial remote sensing and product distribution, and outreach are expected to drive the growth of the market drones during the forecast period.
Technological advancements in the field of drone payloads may increase the opportunities for the global drone market. The increasing deployment of drones for aerial remote sensing, last mile delivery and federal applications is pushing the global market towards expansion. Different companies are competing for market share and developing innovative technology-integrated drone hardware and software that minimizes human intervention in applications such as mining, construction, and aerial mapping.
One of the significant challenges facing the global drone market is the limited number of skilled and trained workers to control drones. Restrictions on the commercial use of drones due to mass safety and security concerns and invasions of people’s privacy. Lack of air traffic control and political and social acceptability challenges are other factors that will hinder the growth of the drone market.
Impact of COVID-19 on the drone market
The current situation due to the outbreak of the COVID-19 pandemic will prompt government institutions to invest in AI to facilitate various initiatives. Drones can be useful as they can enter and reach remote areas to help and provide assistance. Using artificial intelligence can help minimize operational costs while improving customer satisfaction. These technologies can also prove to be a beneficial tool for delivering aid, as they can help avoid unnecessary travel.
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Drone Market: Report Scope
The report describes the drone market research based on drone type, applications, and power source.
Based on drone type, the drone market is segmented into-
- Fixed-wing drones
- Rotary wing drones
- Hybrid/transitional drones
Based on application, the drone market is segmented into
- Construction and Archeology
- Precision farming
- Security and Law Enforcement
- Delivery and Logistics
- Filming and photography
- Inspection and maintenance
- Cartography and topography
- Monitoring and follow-up
On the basis of power source, the drone market is segmented into
- Lithium ion batteries
- Photovoltaic cell
- Fuel cell
- hybrid cell
Drone market: regional outlook
North America is the world’s largest drone market, followed by Asia-Pacific and Europe. North America is expected to continue to dominate during the forecast period due to favorable government policies for the development of drone technology coupled with growing demand for drone acquired data from various end industries. New rules are released, including more concise and effective guidelines on the legal and safe use of drones/UAVs in commercial spaces.
Asia-Pacific is the fastest growing drone market in the world. Relative to labor, the higher productivity of drones/UAVs is expected to increase the region’s adoption rate. In Europe, sales are also steadily increasing thanks to favorable rules and regulations. The demand for drones is expected to grow in the Middle East and Africa (MEA), especially in inventory management and surveillance applications in various industries. Drones are primarily used in pipeline inspection and repair applications in the oil and gas industries. Government agencies in several countries have worked with delivery companies to deliver medical supplies and equipment, as well as blood to remote and rural areas.
Drones Market: Competitive Landscape
Major drone manufacturing companies include Northrop Grumman Corporation, Textron Incorporated, The Boeing Company, SZ DJI Technology Corporate Limited, Parrot drones SAS.
Other companies are 3D Robotics Incorporated, AeroVironment Incorporated, Lockheed Martin Corporation, Raytheon Technologies, Terra Drone Corporation, Intel Corporation, BirdsEyeView Acrobatics, Yuneec International Corporate Limited, Delair SAS, Aeronavics Limited, Aeryon Labs Incorporated, Draganfly Innovations Incorporated, Agribotix LLC, Incorporation PrecisionHawk, HoneyComb Corporation. New product launches and contracts were among the major development initiatives adopted by leading companies in the market.
The Drones Market report provides an in-depth analysis of macroeconomic factors along with the market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes contributions from industry participants and industry experts across the value chain.
The Drones Market Report Covers Comprehensive Analysis On:
- Drone Market Dynamics
- Drone market segmentation
- Regional analysis
- Drone market size by value and volume
- Drone Price Analysis
- Drone supply and demand analysis
- Drone Supply Chain/Value Chain
- Drone Trade Analysis
- Drone Market Driver Analysis
- Drone Market Trends
- Drone regulatory landscape
- Analysis of drone patents
- Drone competition landscape
- More than 15 company profiles
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The regional analysis includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
Drone market: target audience
- Drone manufacturers
- Drone distributors and raw material suppliers
- Tier 1 Component Suppliers
- Drone component manufacturers
- Research institutions and universities
- Trade publications and magazines
- Government authorities, associations and organizations
- Independent Aftermarket Players
Main issues addressed
- What is the market size according to different Drones segmentation by region and its respective countries?
- What are Customer buying behavior, Key Takeaways, Porter’s 5 Forces, and Supply Chain of Drones Market?
- What are the key trends and opportunities for OEMs and Tier 1 suppliers in the drone market?
- What are the main dynamics (drivers, restraints, opportunities and challenges) of the market?
- What and how regulations, programs, patents and policies are impacting the growth of the market?
- What are the upcoming technological solutions influencing the market trends? How will existing service providers adapt to changing technology trends?
- How will advanced autonomous technology impact the drone market?
- What is the impact of COVID-19 on the demand and sales of drones in the global market?
- Detailed analysis of competitors and their latest launch, and what are the top startups introduced in the target market?
- Detailed analysis of competitors and their latest launch, and what are the top startups introduced in the target market? Additionally, detailed business profiling of 25+ leading and market leading companies
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