Drones Market

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2 www.marketresearchfuture.com Drones Market Market Research Report - Forecast to 2028 Global Drones Market, By Type (Fixed-Wing and Multi Rotor),By Capability (Passenger Drones and Cargo Drones),By Capacity (Up to 100 kg and Over 100 kg),By Application (Agriculture (Field Mapping, Field Mapping, Crop Spraying, Agricultural Photography, Precise Agriculture Management, Agriculture Insurance Inspection),Industry (Construction, Oil & Gas, Mining, Logistics, Aviation, Telecom)),By Component (Airframe, Payload, Guidance Navigation & Control, Propulsion System),By Region – Forecast to 2028 The global drone market is projected to witness an impressive CAGR of 20.18% between 2018 and 2028 to reach a valuation in excess of USD 129,300 Mn. Modern drones are being equipped with a broad range of systems such as airframe, engine, autopilot, navigation system, sensor package, and communication link. This has augmented the application spectrum for drones. These unmanned vehicles are not only compact but also impressively powerful and can easily perform tasks that can be highly complex for conventional aircrafts. With the rapid advancements in drone technology, new concepts are emerging. Drones have high potentials, therefore, is generating tremendous investment interest among government agencies and privately owned business entities. Of late, drones are being utilized by sectors such as aviation, construction, mining, oil & gas, telecom, and logistics sectors. Factors as such are providing an impetus to the global market for drones. Manufacturers are also focusing on overcoming issues associated with data processing and expand flight range and endurances. Key Players AeroVironment, Inc., Aeryon Labs Inc., AgEagle Aerial Systems, Agribotix LLC, DJI, Delair SAS, Parrot Drones SAS, PrecisionHawk, 3D Robotics, Inc., and HoneyComb Corporation. The report provides insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
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