Drones Market
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<strong>Drones</strong> <strong>Market</strong> <strong>Market</strong> Research Report - Forecast to 2028<br />
4<br />
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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