Drones: Insights Into & Future of the Global Market to 2025 - Digitization & Technological Advancements Spur Market Growth
DUBLIN, July 16, 2019 /PRNewswire/ -- The "Global Drones Market By Type, By Segment, By Application, By Region; Size and Forecast, 2015-2025" report has been added to ResearchAndMarkets.com's offering.
According to this report, the drone market is projected to grow with a significant growth rate during the forecast period 2019-2025.
The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of global drone market size & forecast. The report promises to provide state-of-the-art technologies of drone and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
The rise in adoption of smartphones, demand for aerial services, and commercial applications impact the market growth. The usage of drone technology in agricultural practices, media, and entertainment, the construction sector has been on a significant rise. However, increasing privacy and security concerns and high-resolution satellite imagery is the factors hampering market growth. Companies are using drones to add efficiency and accuracy in their businesses.
Digitization and technological advancements in camera, drone specifications, mapping software, multidimensional mapping, and sensory applications are expected to drive the commercial drone market growth.
Construction and agriculture are two major areas of the drone market. They have been widely used in civil applications such as smart agriculture practices through mapping and studying of crop data in agriculture, utilization of footage and images of a site to make 3D rendering of structures, in real estate market for package delivery to customers from retail stores, and media coverage by journalists to capture important news with closer aerial shots.
The rise in application areas is expected to boost drone market growth over the forecast period. Furthermore, supportive government initiatives also foster the growth of the market.
Military segment accounted for the largest share of the global drone market during the forecast period
A military segment dominates the global drone market. Drones are used in surveillance, rescue operations, providing supplies to troops and soldier deployed in remote areas, gathering information about hostile places before a mission. The increasing use of drones in various military applications like monitoring, surveying, and mapping, and combat operations contributing to the growth of the military drones market across the globe.
Some devices have the capability to carry missiles and hit the target with high accuracy. Integration of drones in the current warfare systems to combat or counter threats, and cost-effectiveness as compared to manned aircraft further drive the market. Furthermore, their advanced capabilities, such as perform flight, avoid the collision, following pre-loaded instructions, following moving objects, store valuable information, and post-flight analysis the demand for drones globally.
North America is the leading region in the global drone market during the forecast period
North America has the highest demand on account of major applications in military sector followed by Europe. Owing to the technological advancement and utilization of drone capabilities like the use of thermal and hyperspectral sensors in flight to capture and experience the immersive view from drones. For instance, in 2017, the U.S. government launched a program to increase the testing of commercial UAVs to include night-time operations, flights beyond the VLOS and flights flown over people.
The country generates high demand for drones used for surveillance purposes. Moreover, commercial application opportunities are growing as well. The Asia Pacific is the fastest growing region with significant growth on account of expanding product application in commercial and military areas due to several macro and micro economic factors like the socio-political difference between various Asia-Pacific countries, territorial conflicts, and growing insurgency rates.
Global Drone Market Competitive Landscape
Companies as Yuneec International Co. Ltd., SZ Dajiang Innovations Technology Co., Ltd., Parrot S.A., 3D Robotics, Incorporation, AeroVironment, Inc., General Atomics, Lockheed Martin Corporation, Northrop Grumman Corp., Boeing, China Aerospace Science and Technology Corporation, Bae systems, Israel Aerospace Industries, Textron, Elbit Systems Ltd. are the key players in manufacturing drone globally.
Key Topics Covered
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Brand Awareness
4.2. Brand Satisfaction Level
4.3. Factor Influencing Purchase Decision
5. Industry Insights
5.1. Industry Value Chain Analysis
5.1.1. Vendor Matrix
5.2. Pricing Analysis
5.3. Industry Impact & Forces
5.3.1. Growth Drivers
5.3.2. Challenges
5.4. Technological Landscape
5.5. Regulatory Framework
5.6. Company Market Share Analysis, 2018
5.7. Growth Potential Analysis, 2018
5.8. Porter's Five Forces Analysis
5.8.1. Bargaining Power of Suppliers
5.8.2. Bargaining Power of Buyers
5.8.3. Threat of New Entrants
5.8.4. Threat of Substitutes
5.8.5. Intensity of Rivalry
5.9. PESTEL Analysis
5.10. Strategic Outlook
6. Global Drones Market Overview
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Segment
6.2.3. By Application
6.2.4. By Region
7. Global Drones Market, By Type
7.1. Key Type Trends
7.2. Fixed Wing Drone
7.3. Rotary Blade Drone
7.4. Hybrid Drone
8. Global Drones Market, by Segment
8.1. Key Segment Trends
8.2. Consumer
8.3. Commercial
8.4. Military
9. Global Drones Market, by Application
9.1. Key Application Trends
9.2. Aerial Photography
9.3. Agriculture
9.4. Industrial Inspection
9.5. Media & Entertainment
9.6. Others
10. Company Profiles
10.1 Yuneec International Co. Ltd.
10.2 SZ Dajiang Innovations Technology Co. Ltd.
10.3 Parrot S.A.
10.4 3D Robotics, Incorporation.
10.5 AeroVironment Inc.
10.6 General Atomics
10.7 Lockheed Martin Corporation
10.8 Northrop Grumman Corp.
10.9 Boeing
10.10 China Aerospace Science and Technology Corporation
10.11 Bae systems
10.12 Israel Aerospace Industries
10.13 Textron
10.14 Elbit Systems Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/hoet42
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article