Global drone market Report (2016-2023)-Research Nester

Global hybrid drones market to post highest growth By Product Type(Commercial Drones, Fixed Wing Drones, VTOL Drones), By Component (Camera, Battery, Propulsion System, Sensors, Navigation System).Drone is a flying robot commonly known as unmanned aerial vehicles (UAV) which can be controlled by remote or self-automation software. From past few years, drones were often used for military practices such as anti-aircraft target practice, intelligence gathering and others. Now-a-days drones discovered their wide range of application in commercial sector such as traffic monitoring, weather monitoring, fire-fighting, search and rescue operations, drone-based photography, as well as agriculture and delivery services. With the emerging market of drones, drone education is also expanding. Various universities across the globe are now offering bachelor degree in Unmanned Systems Applications, these emerging trends in the drone technology will further spur the demand for drones across the globe.

Drones are widely used for pest detection, search and rescue of mammal species, volcanic monitoring, pollution monitoring and others. The growing trend of adoption of drones in various activities will establish numerous opportunities for the drone’s manufacturers in the global market.

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Drone manufacturers in the market are focused on providing comprehensive design with functionality and safety to ensure the best performance and creative appearance.

Market Segmentation

By Product Type

Deep dive study has been carried out on the following product segments:-

Commercial Drones

Fixed Wing Drones

VTOL Drones

Rotary Blade Drones

Nano Drones

Hybrid Drones

Military Drones

Small Tactical Unmanned Aircraft Systems (STUAS)

Medium Altitude Long Endurance (MALE) UAVs

High Altitude Long Endurance (HALE) UAVs

Unmanned Combat Air Systems (UCAS)

By Payload

Depending upon the payload capacity of drones, the market is further segmented into following categories:-

Up to 25 kg ( commercial drones)

Up to 150 kg ( commercial drones)

Up to 600 kg (military drones)

Above 600 kg (military drones)

By Component

On the basis of component used in drones, thorough study has been carried out on the following categories:-

Camera

Battery

Propulsion System

Sensors

Navigation System

Others (Transmitter, Range Extender, Frame)

By Application

By end use application, the market can be segmented in to following categories:-

Military Activities

Law Enforcement

Precision Agriculture

Media and Entertainment

Retail

Inspection and Monitoring

Surveying and Mapping

Do it Yourself (DIY) Drones

Education

By Region

Global Drone Market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis

Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis

Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis

Middle East and Africa( GGC, South Africa, North Africa ) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Increasing use of drones in commercial sectors such as media and entertainment, inspection, monitoring, surveying and mapping is fuelling the demand for drones across the globe

Government all over the world are also implementing drones in public safety services, drones are widely used by law and enforcement agencies for surveillance. Drones are also used in infrastructure, scientific research and R&D, environmental studies, and disaster management activities. The wide range of application of drone will further intensify the market growth over the forecast period.

E-commerce and retail industry is working on the using drones in order to deliver product to the customers in a minimum time. However such projects are held back by government bodies in order to ensure public safety. Additionally, Drones are widely used in agriculture sector to produce higher yield by regular crop monitoring. Key market players are making huge investment in R&D activities to develop solar powered drones for agricultural application. This will further boost the demand for drones in agricultural sector. Government regulations regarding the violation of privacy policies are considered to be the major restraint in the global drone market.

Market Size & Forecast

Global drone market is anticipated to reach USD 25 billion by the end of 2023 witnessing a compound annual growth rate of 18.2% over the forecast period owing to the significant use of drones in various sectors.

Geographically, North America is anticipated to have the upper hand over the global drone market owing to the increasing production and wide application of drones in commercial sector. Europe is estimated to be most attractive market in terms of profit over the forecast period. In Canada, drones are mainly used for atmospheric monitoring including atmospheric gas sampling and oceanographic research.

In terms of volume, nearly 4 million commercial drones are sold in 2015. The number of sold units is anticipated to expand exponentially over the forecast period reaching 18 million a year by 2023.

Key Players

3D Robotics

AgEagle Aerial Systems

Agribotix

Airware

DJI Innovations

HoneyComb

Precision Hawk

senseFly

Skycatch

Trimble

AeroVironment

CyPhy Works

DJI Innovations

Draganfly Innovations

Sentera LLC

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

By Product Type Market Size & Y-O-Y Growth Analysis

By Equipments Market Size & Y-O-Y Growth Analysis

By Regions

Global Medical Robotics Market has been studied on countries and regions like:

North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis

Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis

Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis

Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis

Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis

Rest of World  Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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Ajay Daniel

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