Unmanned Arial Vehicles (Drones) Market Global Industry Size, Share, Trends, Analysis By Drone Type, Component, Application with Geographic Overview
Drones Market Research Report 2018 published By MRFR, Industry Analysis, Growth, Opportunity Assessment, Segmentation by Drone Type (Commercial, Military), Component (Sensor, Controller System, Camera, Navigation System), Application (Inspection & Monitoring, Military, Law Enforcement, Precision Cultivation). Global Drones Market Expected to Grow at ~30% CAGR, 2017-2027.
Hadapsar, Pune, India – July 3, 2018 /MarketersMedia/ —
Drones Global Market – Overview
Drones or Unmanned Arial Vehicles are kind of aircraft that are controlled by pilots via remote or can be programmed for specific mission. These drones provide ultimate accuracy on the mission and help to complete the mission with less error. In the defense sector of any country, drones play very important role as it can give optimum result without loss of human life.
Drones traditionally used for defense purposes are also being used more in a support-to-civil government authorities role, performing activities such as: Observing border areas, supporting maritime surveillance and conducting other observations for fisheries and forestry, Responding to and prevention of a natural disaster such as an earthquake, flood, hurricane or forest fire Drone technology also supports the development of new solutions such as the provision of communication access using drones in category of HALE (High Altitude Long Endurance) or/and HAPS (High Altitude Pseudo Satellite). Other specific applications that are being developed include the provision of wind energy using drones attached to the ground. However, before all of these uses can grow in practice, a number of questions still need to be answered around technology, regulation and social readiness.
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Technological advancement in the defense sector is driving the market and it is expected that drones market will reach to a substantial market size by the end of forecasted period. According to a recent study report published by the Market Research Future, the global market of Drones is anticipated to witness an impressive growth in terms of value, with a striking CAGR during the forecasted period (2016 – 2027)
Drones have been instrumental in providing new capabilities for the defense industry and have demonstrated significant growth as a consumer leisure product. Drones are offering public safety and security authorities new capabilities much in the same way they have for the military and are transforming commercial businesses. A core component to these new capabilities and transformations is the collection of data from strategic vantage points that have been either inaccessible or too expensive to be economically viable today. This core area of data processing is being extended to include the efficient transport of urgently needed goods within a local community or industrial site with longer term aspirations to transform large commercial vehicles for both cargo transport and also, someday, passenger transport.
Industry News
January 2018, Drone deliveries: Tech giants using Australia as a drone testbed, including Google’s Project Wing. Alphabet’s research and development facility, formerly known as Google X, launched two commercial drone delivery trials in Australia. The trials, as part of the company’s Project Wing, have seen deliveries of Guzman y Gomez Mexican food and healthcare and over-the-counter medicine from Chemist Warehouse delivered to residents in Queanbeyan, New South Wales, and Canberra.
January 2018, Indian Railways to go hi-tech, will soon use drones for crowd management at stations. Indian Railways is all set to get eyes in the sky as it prepares to launch drones over stations across the country in a bid to regulate passengers. The drones are expected to help officials control crowds at railway stations better – especially during festival seasons when major cities see a rise in footfall. The bird’s eye view will help in better regulation of people and identify potentially dangerous situations in and around stations in the country. A trial has already been completed and Railways has put these machines to use in three divisions in Jabalpur
Drones Global Market – Key players
The drone market today can be described as a melting pot of different technologies, where combinations of hard- and software components and service features are provided to the end user. In order to create sustainable success in this extremely fast moving market it is essential to maintain strategic partnerships or invest in a solid UAV portfolio. However, lately a few players have been extremely busy with engaging in new partnerships, looking for investment opportunities and acquisitions. with a strong mix of leadership in aerospace and defense, innovative forces are developing both drone products and services and industrial leaders finding new ways to impact their businesses by leveraging the technology – is helping drive what is becoming a global industry.
The key players in the market of drone’s are- General Atomics (U.S.), Aurora Flight (U.S), AeroVironment Inc. (U.S.), BAE Systems PLC (U.K.), Denel Dynamics (South Africa), Draganfly (Canada), Elbit Systems Ltd. (Israel), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), Northrop Grumman (U.S.) among others.
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Drones Global Market – Segmentation
The global Drones Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Drone Types : Comprises – Very Small Drones, Small Drones, Medium Drones, Large Drones.
Segmentation by Application Areas: Comprises – Aerospace and Defense, Agriculture, Transportation, Inspection & Monitoring, Media & entertainment, Government among others.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Drones Global Market – Regional Analysis
Currently, North America is dominating the market of Drones with the largest market share . The main reason behind this is investment of government in defense sector. Europe stands as second biggest market which accounts for a substantial market share and has been valued in multibillions USD in the year 2015. Europe is not alone in its strong efforts to generate value from drones. The United States (US) and China are two key States that are significantly investing into technology and innovative businesses that currently exceed the level of total European investments. In particular, the US is the leader in producing defense drone systems – followed by Israel – and China is the leader in producing leisure units that tend to be more and more used for professional purposes.
Asia-Pacific stands as third biggest market for Drones market which holds a considerable market share and has been valued substantially in the year 2015.
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