BIS Research Study Projects the Earth Observation Drones Market to Reach $18.21 Billion by 2032

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Jul 19, 2022, 08:00 ET

FREMONT, Calif., July 19, 2022 /PRNewswire/ -- The premium market intelligence study by BIS Research titled Earth Observation Drones Market – A Global and Regional Analysis projects the market to reach $18.21 billion in terms of revenue by 2032, at a CAGR of 6.88%.

In order to serve a wide range of applications, the Earth observation drones are equipped with various types of payloads such as cameras, electrical systems and subsystems, and sensors such as accelerometer, light detection and ranging (LiDAR) hyperspectral, multispectral, infrared, electro-optical, along with Red Green Blue (RGB) and ground-penetrating radars.

Contemporary drones are also equipped with artificial intelligence (AI) and machine learning technology to automate drone operations, making drones safe to fly over any environmentally challenging terrane.

This study covers over 100 commercial Earth observation drone manufacturers across the globe, around 30 of which are start-ups and emerging players. This study has segmented the Earth observation drones based on application, end user, and drone type.

This study aims to estimate the global demand for commercial, civil government, and military Earth observation drones while discussing the key requirements of different end users of such drones.

The detailed study is a compilation of 46 market data tables and 37 figures spread through 169 pages and an in-depth TOC on 'Earth Observation Drones Market – Analysis and Forecast, 2022-2032'

Demand - Drivers and Limitations

Following are the demand drivers for the Earth observation drones market:

Increase in demand for drones post COVID-19
Entry of multiple downstream geospatial service providers
Increasing utilization of drone imagery along with satellite imagery for enhanced geospatial intelligence
Increasing need for on-demand aerial survey requirements

The Earth observation drones market is expected to face some limitations as well due to the following challenges:

Government regulations on drone manufacturing and sales
Need for qualified operators to conduct drone imaging missions
Drone batteries supply chain shortage

Following are the opportunities for the Earth observation drones market:

Integration of artificial intelligence in drones and imagery analytics
Growing adoption of Earth observation drones by civil governments

Reasons to Buy this Report

This exclusive report on the Earth observation drones market will help in the following ways:

Contains a dedicated section focusing on start-up and investment scenarios in the Earth observation drones market
Contains value and volume analysis of the Earth observation drone application and end-user segments
Offers a qualitative analysis of sensor types used in drones for various Earth observation applications
Contains a dedicated section on growth opportunities and recommendations for the Earth observation drone manufacturing market players
Offers an analysis of regional and country-wise Earth observation drones market growth

Analyst's Take on the Market:

According to Arun Kumar Sampathkumar, Principal Analyst, BIS Research, "While satellite imagery-based analytics are in demand, almost all investigations utilizing satellite imagery use drone-based imaging capability for confirmation of the findings. This has been a driver of the demand for drone-based imaging missions across applications. Drone deployment in security and maintenance of critical national infrastructure is also growing owing to the ease of deployment and low cost of operations. The rise in demand for drone imagery products has resulted in the evolution of multiple aggregator business models that are collating and commercializing customized drone imagery products. The drone imaging service market is growing as a consequence, taking up a large volume of Earth observation drones. The drone manufacturing domain is responding by developing application/sensor-agnostic drones which can accommodate diverse sensor payloads. The evolving regulatory framework for drone operations is also expected to drive these markets moving forward."

View the report on Earth Observation Drones Market

Key Companies Operating in the Market and Competitive Landscape

The companies profiled in the study have been selected based on inputs gathered from primary experts and analysis of the companies' product portfolios, key developments, and market penetration.

In 2021, the players leading the market include the established players providing Earth observation drones and related hardware that constitute 60.4% of the presence in the market. The emerging-market participants include start-up entities that account for approximately 39.6% of the presence in the market.

Some of the prominent names established in this market are:

Company Type 1: Key Earth Observation Drone Manufacturers

DJI
Parrot Drone SAS
Lockheed Martin Corporation
AeroVironment, Inc.
General Atomics Aeronautical Systems
Northrop Grumman Corporation
Embention
Hubsan
Insitu Inc
AgEagle Aerial Systems Inc.
Autel Robotics
Ehang
Raytheon Technologies Corporation
Drone Volt S.A.
Plymouth Rock Technologies

Company Type 2: Emerging Market Participants

Wingtra AG
Eagletronics Aviation Private Limited
Skydio
Anduril Industries
Azur Drones

Who Should Buy This Report?

The companies that provide Earth observation drones and related hardware and accessories should buy this report. Also, the companies engaged in the supplying, sales, and services of Earth observation drones can benefit from insights on the growth opportunities, challenges, and business and corporate strategies adopted by drone manufacturers in this market.

Request a Sample of this Report

Key Questions Answered in the Report:

What are the trends in the Earth observation drones market, and how is the market expected to change over the forecast period 2022-2032?
What are the key drivers and challenges for the drone manufacturers operating in the Earth observation drones market?
What will be the growth trend of the market over the forecast period 2022-2032?
What are the existing and emerging opportunities to expand businesses in the Earth observation drones market?
What are some of the key business and corporate strategies implemented by the key market players to survive in a highly competitive environment?
Which region is expected to dominate the Earth observation drones market by 2032?
For a new company looking to enter the Earth observation drones market, which areas could it focus upon to stay ahead of the existing competition?

BIS Research Related Market Studies:

Global Drone Delivery Market

Satellite Earth Observation Market

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.

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