Drones Market
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<strong>Drones</strong> <strong>Market</strong> <strong>Market</strong> Research Report By<br />
Forecast To 2028<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2028<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
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<strong>Drones</strong> <strong>Market</strong> <strong>Market</strong> Research Report - Forecast to 2028<br />
Global <strong>Drones</strong> <strong>Market</strong>, By Type (Fixed-Wing and Multi Rotor),By Capability (Passenger <strong>Drones</strong> and<br />
Cargo <strong>Drones</strong>),By Capacity (Up to 100 kg and Over 100 kg),By Application (Agriculture (Field<br />
Mapping, Field Mapping, Crop Spraying, Agricultural Photography, Precise Agriculture Management,<br />
Agriculture Insurance Inspection),Industry (Construction, Oil & Gas, Mining, Logistics, Aviation,<br />
Telecom)),By Component (Airframe, Payload, Guidance Navigation & Control, Propulsion System),By<br />
Region – Forecast to 2028<br />
The global drone market is projected to witness an impressive CAGR of 20.18% between 2018 and 2028 to reach a valuation<br />
in excess of USD 129,300 Mn. Modern drones are being equipped with a broad range of systems such as airframe, engine,<br />
autopilot, navigation system, sensor package, and communication link. This has augmented the application spectrum for<br />
drones. These unmanned vehicles are not only compact but also impressively powerful and can easily perform tasks that<br />
can be highly complex for conventional aircrafts. With the rapid advancements in drone technology, new concepts are<br />
emerging. <strong>Drones</strong> have high potentials, therefore, is generating tremendous investment interest among government<br />
agencies and privately owned business entities. Of late, drones are being utilized by sectors such as aviation, construction,<br />
mining, oil & gas, telecom, and logistics sectors. Factors as such are providing an impetus to the global market for drones.<br />
Manufacturers are also focusing on overcoming issues associated with data processing and expand flight range and<br />
endurances.<br />
Key Players<br />
AeroVironment, Inc., Aeryon Labs Inc., AgEagle Aerial Systems, Agribotix LLC, DJI, Delair SAS, Parrot <strong>Drones</strong> SAS,<br />
PrecisionHawk, 3D Robotics, Inc., and HoneyComb Corporation.<br />
The report provides insights on the leading market players and evaluates their current market share. Company information<br />
with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A<br />
activities, and the latest R&D initiatives is also available in the report.
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<strong>Drones</strong> <strong>Market</strong> <strong>Market</strong> Research Report - Forecast to 2028
<strong>Drones</strong> <strong>Market</strong> <strong>Market</strong> Research Report - Forecast to 2028<br />
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Global <strong>Drones</strong> <strong>Market</strong>: Segmental Overview<br />
By type, the market has been segmented into fixed-wing and multi rotor. Among these, the fixed-wing segment is currently<br />
account for the largest share of the market. The fuctional superiority for Fixed-wing drones is driving their demand<br />
worldwide. Fixed-wing drones are equipped with wings (rather than vertical lift rotors), which are similar to the normal<br />
airplanes, and are much efficient as compared to other types of drones. In addition, they are capable of covering longer<br />
distances, mapping larger areas, and are suitable for long-duration monitoring of their point of interest.<br />
By capability, the market has been segmented into passenger drones and cargo drones. Currently, the former is well ahead<br />
in the race. This is primarily owing to the greater viability of cargo drones whereas passenger drones are still viewed as an<br />
emerging concept that will need few more years before becoming a genuine contender. Moreover, manufacturers are<br />
introducing purpose-build cargo drones with wider ranges of payload options.<br />
By capacity, the <strong>Drones</strong> market has been segmented into up to 100 kg and over 100 kg. The up to 100 kg segment dominats<br />
the global market as most drones that are currently manufactured fall in the particular category. These drones are used for<br />
inspection and surveillance, photography and filmmaking, scientific research and development, lightweight cargo<br />
transportation, and passenger carriage among others.<br />
By application, the market has been segmented into agriculture (field mapping, crop scouting, crop spraying, agricultural<br />
photography, precise agriculture management, agriculture insurance inspection and other) and industry (construction, oil &<br />
gas, mining, logistics, aviation, telecom and others). The industry segment segment will continue to outperforme the<br />
agriculture segment during the forecast period. <strong>Drones</strong> find a wide range of industrial applicatins such as real-time data<br />
gathering and processing industrial data. One major benefit of using drones in industrial sectors is real-time monitoring<br />
industrial sites.<br />
By component, the market has been segmented into airframe, payload, guidance navigation & control and propulsion<br />
system. The airframe segment is holds the largest market and is expected to highly profitable in 2018 and beyond. Increased<br />
focus towards improving airframe structures to reduce size and achieve higher durability is also supporting the growth of<br />
the segment. Meanwhile, the payload segment is likely to witness the fastest growth over 2028.<br />
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<strong>Drones</strong> <strong>Market</strong> <strong>Market</strong> Research Report - Forecast to 2028<br />
Regional Analysis<br />
North America is the largest market for drones, with the U.S. military being one of the major customers. The use of drones<br />
has continued to increase in U.S. military and its homeland security in recent years. The country generates a high demand<br />
for drones used for surveillance purposes. Moreover, commercial application opportunities are growing as well. In terms of<br />
drone technology, the US remains at the forefront globally. Drone deployment are the highest in North America, which<br />
makes it a lucrative market for companies that specialize in drone technology. Europe is also viewed as a highly attractive<br />
market for drones, the region currently holds the second spot in the global drones market and is likely to maintain its<br />
position throughout the assessment period. Meanwhile, the market in Asia Pacific (APAC) is likely to expand comparatively<br />
faster owing to several macro and micro economic factors such as the socio-political difference between various APAC<br />
countries, territorial conflicts, and rising insurgency rates. <strong>Drones</strong> are being successfully deployed in combat operations in<br />
volatile areas in the region. A number of countries in APAC have robust defense budgets, making them a prime destination<br />
for military equipment manufacturers. Demand for drones is expected to pick up steam in the region over the next couple<br />
of years.<br />
Intended Audience<br />
• Drone service providers<br />
• Defense authorities<br />
• Drone manufacturers<br />
Report Available @ https://www.marketresearchfuture.com/reports/drones-market-1124
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