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- Global Drones Market – Size, Outlook, Trends and Forecast (2023 – 2030)
A flying drone is an aircraft without a human pilot abroad. Drones are the robots which are significantly controlled by pilots. These machines are created for safer, cheaper alternatives to the human-crewed military aircraft. Today they are used in the enormous applications including military purposes, but still, drones are consumer toys and purveyors of commercial, operational efficiency. Drones vary in shape and size, but the core elements like a battery, microcontroller, motor and sensors are eventually the same. These are also the combination of mobile hardware and internet connectedness. Drones can serve as a platform for various applications from software applications to flight planning and mapping.
Global Drones System Market Size:
Global Drones market is poised to reach the value of $58.05 billion in 2024 from $17.85 billion in 2017, growing with the CAGR of 18.35%. Key points like rapid technological advancements, increase in demand for drone-generated data in commercial applications and an increase in venture funding are driving the market growth. Whereas the facts like social issues such as privacy and nuisance concerns and security and safety concerns, scarcity of trained pilots and air traffic management are hampering the market growth. The market has opportunities like are an increase in the number of exemptions for the use of UAV drones in commercial applications by FAA and high adoption of drones by the developing economies for military applications are creating a chance for the market to explore in all the regions.
Global Drones System Market Share:
Drones market is segmented as by type, by the payload, by application and by geography. By type, the market is classified into military drones and commercial drones. Military drones segment is expected to hold the large share as the adoption of military drones by defence agencies across the world to guard borders, enforce laws and combat missions. Commercial drones segment is the fastest growing segment owing to the factors like rising demand for drones and drone generated data in the commercial applications. By payload, the market is segmented into up to 25kg, up to 150kg, up to 600kg and more than 600kg. Up to 150 kg segment is expected to hold large share during the forecast period owing to the simple operational and maintenance procedures with high tactical capabilities. Up to 600 kg segment is anticipated to have the fastest growth during the forecast period owing to their mission driving capability. By Component, the market is divided into the sensor, controller system, camera, navigation systems and others. Camera segment is the largest market owing to usage in the UAV’s continuous video monitoring and used in the protection of critical infrastructure and law enforcement applications. Sensors segment is the fastest growing owing to the higher adoption in the commercial applications. By application, the market is classified into military and commercial applications. Military drones are expected to drive the market growth owing to the silent patrolling on borders, demand for the long endurance and high subtle UAV systems from armies. Commercial segment is expected to pose the highest CAGR due to the inclined usage of drones in oil and gas, power plants and public infrastructure. By geography, the market is classified into APAC, North America, South America, Europe and Middle East & Africa regions. North America is expected to hold the most significant market share is owing to the usage of UAV’s in a strike against terrorists in U.S. UAV’s are used in diverse environments and high-risk roles in Canada. APAC is the fastest growing region owing higher adoption rate of drones in sectors like media and entertainment, law enforcement and inspection.
Global Drones System Market Trends:
- AeroVironment is collaborating with NASA’s jet propulsion laboratory to build the first drone to fly on Mars.
- Parrot S.A. has launched flying 4K HDR camera drone with embedded artificial intelligence and is resistant to extreme climatic conditions.
Global Drones System Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact on altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- SZ Dajiang Innovations Technology Co., Ltd.
- 3D Robotics, Inc.
- Aerovironment, Inc.
- Parrot S.A.
- Yuneec International Co. Ltd
Along with these companies, there were many other companies are considered in the report while analysing the Global Drones System market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Rapid technological advancements.
4.1.2. Increase in demand for drone-generated data in commercial applications.
4.1.3. Increase in venture funding.
4.2. Restraints
4.2.1. Social issues such as privacy and nuisance concerns.
4.2.2. Security and safety concerns.
4.3. Opportunities
4.3.1. Increase in the number of exemptions for the use of UAV drones in commercial
applications by FAA.
4.3.2. High adoption of drones by the developing economies for military applications.
4.4. Challenges
4.4.1. The scarcity of trained pilots.
4.4.2. Air traffic management
5. Global Drones System Market – By Type
5.1. Military Drones
5.1.1. High altitude long endurance UAV’s
5.1.2. Medium altitude long endurance UAV’s
5.1.3. Small tactical unmanned aircraft systems (STUAS)
5.1.4. Unmanned combat air vehicle (UCAV)
5.2. Commercial Drones
5.2.1. Fixed wing drones
5.2.2. VTOL Drones
5.2.2.1. Rotary blade drones
5.2.2.2. Nano drones
5.2.2.3. Hybrid drones
6. Global Drones System Market – By Platform
6.1. Up to 25kg
6.2. Up to 150kg
6.3. Up to 600kg
6.4. More than 600kg
7. Global Drones System Market – By Component
7.1. Controller System
7.1.1. Tactical common data link
7.1.2. Common data link
7.2. Sensor
7.2.1. Position sensor
7.2.2. Motion sensor
7.2.3. Temperature sensor
7.2.4. Light sensor
7.2.5. Proximity sensor
7.3. Navigation System
7.3.1. Geographic information system (GIS)
7.3.2. A global positioning system (GPS)
7.4. Camera
7.4.1. High-resolution Camera
7.4.2. Multispectral Camera
7.4.3. Lidar Camera
7.4.4. Thermal Camera
7.5. Battery
7.6. Propulsion System
7.7. Others
8. Global Drones System Market – By Application
8.1. Military drone applications
8.2.1. Combat Operations
8.2.2. Spying
8.2.3. Border Security
8.2.4. Search and rescue operations
8.2. Commercial drone applications
8.2.1. Media & entertainment
8.2.2. Law enforcement
8.2.3. Retail
8.2.4. Precision Agriculture
8.2.5. Personal
8.2.6. Surveying and mapping
8.2.7. Education
8.2.8. Inspection and monitoring
8.2.8.1. Power plants
8.2.8.2. Oil & Gas
8.2.8.3. Public infrastructure
9. Global Drones System Market – By Geography
9.1. Introduction
9.2. North America
9.2.1. United States
9.2.2. Canada
9.2.3. Mexico
9.3. South America
9.3.1. Brazil
9.3.2. Argentina
9.3.3. Others
9.4. Europe
9.4.1. UK
9.4.2. Germany
9.4.3. France
9.4.4. Italy
9.4.5. Spain
9.4.6. Others
9.5. APAC
9.5.1. China
9.5.2. Japan
9.5.3. India
9.5.4. Australia & New Zealand
9.5.5. Others
9.6. The Middle East and Africa
9.6.1. Middle East & Africa
9.6.2. Africa
10. Company Profiles
10.1. SZ Dajiang Innovations Technology Co., Ltd.
10.2. 3D Robotics, Inc
10.3. Aerovironment, Inc.
10.4. Parrot S.A.
10.5. Yuneec International Co. Ltd
10.6. General Atomics
10.7. Lockheed Martin Corporation
10.8. Northrop Grumman Corp.
10.9. Boeing
10.10. Textron
10.11. Precisionhawk
11. Global Drones System Market – Competitive Landscape
11.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
11.2 Strategies Adopted By Top Companies
11.3 Market Share Analysis
12. Market Insights
12.1 Insights of Industry Experts
12.2 Investment Opportunities
12.3 Analyst Opinion
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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A flying drone is an aircraft without a human pilot abroad. Drones are the robots which are significantly controlled by pilots. These machines are created for safer, cheaper alternatives to the human-crewed military aircraft. Today they are used in the enormous applications including military purposes, but still, drones are consumer toys and purveyors of commercial, operational efficiency. Drones vary in shape and size, but the core elements like a battery, microcontroller, motor and sensors are eventually the same. These are also the combination of mobile hardware and internet connectedness. Drones can serve as a platform for various applications from software applications to flight planning and mapping.
Global Drones System Market Size:
Global Drones market is poised to reach the value of $58.05 billion in 2024 from $17.85 billion in 2017, growing with the CAGR of 18.35%. Key points like rapid technological advancements, increase in demand for drone-generated data in commercial applications and an increase in venture funding are driving the market growth. Whereas the facts like social issues such as privacy and nuisance concerns and security and safety concerns, scarcity of trained pilots and air traffic management are hampering the market growth. The market has opportunities like are an increase in the number of exemptions for the use of UAV drones in commercial applications by FAA and high adoption of drones by the developing economies for military applications are creating a chance for the market to explore in all the regions.
Global Drones System Market Share:
Drones market is segmented as by type, by the payload, by application and by geography. By type, the market is classified into military drones and commercial drones. Military drones segment is expected to hold the large share as the adoption of military drones by defence agencies across the world to guard borders, enforce laws and combat missions. Commercial drones segment is the fastest growing segment owing to the factors like rising demand for drones and drone generated data in the commercial applications. By payload, the market is segmented into up to 25kg, up to 150kg, up to 600kg and more than 600kg. Up to 150 kg segment is expected to hold large share during the forecast period owing to the simple operational and maintenance procedures with high tactical capabilities. Up to 600 kg segment is anticipated to have the fastest growth during the forecast period owing to their mission driving capability. By Component, the market is divided into the sensor, controller system, camera, navigation systems and others. Camera segment is the largest market owing to usage in the UAV’s continuous video monitoring and used in the protection of critical infrastructure and law enforcement applications. Sensors segment is the fastest growing owing to the higher adoption in the commercial applications. By application, the market is classified into military and commercial applications. Military drones are expected to drive the market growth owing to the silent patrolling on borders, demand for the long endurance and high subtle UAV systems from armies. Commercial segment is expected to pose the highest CAGR due to the inclined usage of drones in oil and gas, power plants and public infrastructure. By geography, the market is classified into APAC, North America, South America, Europe and Middle East & Africa regions. North America is expected to hold the most significant market share is owing to the usage of UAV’s in a strike against terrorists in U.S. UAV’s are used in diverse environments and high-risk roles in Canada. APAC is the fastest growing region owing higher adoption rate of drones in sectors like media and entertainment, law enforcement and inspection.
Global Drones System Market Trends:
- AeroVironment is collaborating with NASA’s jet propulsion laboratory to build the first drone to fly on Mars.
- Parrot S.A. has launched flying 4K HDR camera drone with embedded artificial intelligence and is resistant to extreme climatic conditions.
Global Drones System Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact on altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- SZ Dajiang Innovations Technology Co., Ltd.
- 3D Robotics, Inc.
- Aerovironment, Inc.
- Parrot S.A.
- Yuneec International Co. Ltd
Along with these companies, there were many other companies are considered in the report while analysing the Global Drones System market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Rapid technological advancements.
4.1.2. Increase in demand for drone-generated data in commercial applications.
4.1.3. Increase in venture funding.
4.2. Restraints
4.2.1. Social issues such as privacy and nuisance concerns.
4.2.2. Security and safety concerns.
4.3. Opportunities
4.3.1. Increase in the number of exemptions for the use of UAV drones in commercial
applications by FAA.
4.3.2. High adoption of drones by the developing economies for military applications.
4.4. Challenges
4.4.1. The scarcity of trained pilots.
4.4.2. Air traffic management
5. Global Drones System Market – By Type
5.1. Military Drones
5.1.1. High altitude long endurance UAV’s
5.1.2. Medium altitude long endurance UAV’s
5.1.3. Small tactical unmanned aircraft systems (STUAS)
5.1.4. Unmanned combat air vehicle (UCAV)
5.2. Commercial Drones
5.2.1. Fixed wing drones
5.2.2. VTOL Drones
5.2.2.1. Rotary blade drones
5.2.2.2. Nano drones
5.2.2.3. Hybrid drones
6. Global Drones System Market – By Platform
6.1. Up to 25kg
6.2. Up to 150kg
6.3. Up to 600kg
6.4. More than 600kg
7. Global Drones System Market – By Component
7.1. Controller System
7.1.1. Tactical common data link
7.1.2. Common data link
7.2. Sensor
7.2.1. Position sensor
7.2.2. Motion sensor
7.2.3. Temperature sensor
7.2.4. Light sensor
7.2.5. Proximity sensor
7.3. Navigation System
7.3.1. Geographic information system (GIS)
7.3.2. A global positioning system (GPS)
7.4. Camera
7.4.1. High-resolution Camera
7.4.2. Multispectral Camera
7.4.3. Lidar Camera
7.4.4. Thermal Camera
7.5. Battery
7.6. Propulsion System
7.7. Others
8. Global Drones System Market – By Application
8.1. Military drone applications
8.2.1. Combat Operations
8.2.2. Spying
8.2.3. Border Security
8.2.4. Search and rescue operations
8.2. Commercial drone applications
8.2.1. Media & entertainment
8.2.2. Law enforcement
8.2.3. Retail
8.2.4. Precision Agriculture
8.2.5. Personal
8.2.6. Surveying and mapping
8.2.7. Education
8.2.8. Inspection and monitoring
8.2.8.1. Power plants
8.2.8.2. Oil & Gas
8.2.8.3. Public infrastructure
9. Global Drones System Market – By Geography
9.1. Introduction
9.2. North America
9.2.1. United States
9.2.2. Canada
9.2.3. Mexico
9.3. South America
9.3.1. Brazil
9.3.2. Argentina
9.3.3. Others
9.4. Europe
9.4.1. UK
9.4.2. Germany
9.4.3. France
9.4.4. Italy
9.4.5. Spain
9.4.6. Others
9.5. APAC
9.5.1. China
9.5.2. Japan
9.5.3. India
9.5.4. Australia & New Zealand
9.5.5. Others
9.6. The Middle East and Africa
9.6.1. Middle East & Africa
9.6.2. Africa
10. Company Profiles
10.1. SZ Dajiang Innovations Technology Co., Ltd.
10.2. 3D Robotics, Inc
10.3. Aerovironment, Inc.
10.4. Parrot S.A.
10.5. Yuneec International Co. Ltd
10.6. General Atomics
10.7. Lockheed Martin Corporation
10.8. Northrop Grumman Corp.
10.9. Boeing
10.10. Textron
10.11. Precisionhawk
11. Global Drones System Market – Competitive Landscape
11.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
11.2 Strategies Adopted By Top Companies
11.3 Market Share Analysis
12. Market Insights
12.1 Insights of Industry Experts
12.2 Investment Opportunities
12.3 Analyst Opinion
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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