Global Drones Market - Size
Base Year For Estimation
2024
Forecast Data Period
2025-2030
Historical Data Period
2018-2023
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
A flying drone is an aircraft without a human pilot abroad. Drones are the robots which are significantly controlled by pilots. These machines are created for safer, cheaper alternatives to the human-crewed military aircraft. Today they are used in the enormous applications including military purposes, but still, drones are consumer toys and purveyors of commercial, operational efficiency. Drones vary in shape and size, but the core elements like a battery, microcontroller, motor and sensors are eventually the same. These are also the combination of mobile hardware and internet connectedness. Drones can serve as a platform for various applications from software applications to flight planning and mapping.
Global Drones System Market Size:
Global Drones market is poised to reach the value of $58.05 billion in 2024 from $17.85 billion in 2017, growing with the CAGR of 18.35%. Key points like rapid technological advancements, increase in demand for drone-generated data in commercial applications and an increase in venture funding are driving the market growth. Whereas the facts like social issues such as privacy and nuisance concerns and security and safety concerns, scarcity of trained pilots and air traffic management are hampering the market growth. The market has opportunities like are an increase in the number of exemptions for the use of UAV drones in commercial applications by FAA and high adoption of drones by the developing economies for military applications are creating a chance for the market to explore in all the regions.
Global Drones System Market Share:
Drones market is segmented as by type, by the payload, by application and by geography. By type, the market is classified into military drones and commercial drones. Military drones segment is expected to hold the large
Global Drones Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
share as the adoption of military drones by defence agencies across the world to guard borders, enforce laws and combat missions. Commercial drones segment is the fastest growing segment owing to the factors like rising demand for drones and drone generated data in the commercial applications. By payload, the market is segmented into up to 25kg, up to 150kg, up to 600kg and more than 600kg. Up to 150 kg segment is expected to hold large share during the forecast period owing to the simple operational and maintenance procedures with high tactical capabilities. Up to 600 kg segment is anticipated to have the fastest growth during the forecast period owing to their mission driving capability. By Component, the market is divided into the sensor, controller system, camera, navigation systems and others. Camera segment is the largest market owing to usage in the UAV’s continuous video monitoring and used in the protection of critical infrastructure and law enforcement applications. Sensors segment is the fastest growing owing to the higher adoption in the commercial applications. By application, the market is classified into military and commercial applications. Military drones are expected to drive the market growth owing to the silent patrolling on borders, demand for the long endurance and high subtle UAV systems from armies. Commercial segment is expected to pose the highest CAGR due to the inclined usage of drones in oil and gas, power plants and public infrastructure. By geography, the market is classified into APAC, North America, South America, Europe and Middle East & Africa regions. North America is expected to hold the most significant market share is owing to the usage of UAV’s in a strike
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Global Drones Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
against terrorists in U.S. UAV’s are used in diverse environments and high-risk roles in Canada. APAC is the fastest growing region owing higher adoption rate of drones in sectors like media and entertainment, law enforcement and inspection.
Global Drones System Market Trends:
- AeroVironment is collaborating with NASA’s jet propulsion laboratory to build the first drone to fly on Mars.
- Parrot S.A. has launched flying 4K HDR camera drone with embedded artificial intelligence and is resistant to extreme climatic conditions.
Global Drones System Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact on altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- SZ Dajiang Innovations Technology Co., Ltd.
- 3D Robotics, Inc.
- Aerovironment, Inc.
- Parrot S.A.
- Yuneec International Co. Ltd
Along with these companies, there were many other companies are considered in the report while analysing the Global Drones System market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
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