You are here
Huge Growth And Opportunities in Global Drones Market Till 2021
Market Research Future added New Report Named "Global Drones Market Research Report- Forecast 2021" to its Database
The global drone market is projected to witness an impressive CAGR of 20.18% between 2018 and 2028 to reach a valuation in excess of USD 129,300 Mn. Modern drones are being equipped with a broad range of systems such as airframe, engine, autopilot, navigation system, sensor package, and communication link. This has augmented the application spectrum for drones. These unmanned vehicles are not only compact but also impressively powerful and can easily perform tasks that can be highly complex for conventional aircrafts. With the rapid advancements in drone technology, new concepts are emerging. Drones have high potentials, therefore, is generating tremendous investment interest among government agencies and privately owned business entities. Of late, drones are being utilized by sectors such as aviation, construction, mining, oil & gas, telecom, and logistics sectors. Factors as such are providing an impetus to the global market for drones. Manufacturers are also focusing on overcoming issues associated with data processing and expand flight range and endurances.
Get Report Sample : https://www.marketresearchfuture.com/sample_request/1124
Global Drones Market: Segmental Overview
The market has been segmented on the basis of type, capability, capacity, application and component.
By type, the market has been segmented into fixed-wing and multi rotor. Among these, the fixed-wing segment is currently account for the largest share of the market. The fuctional superiority for Fixed-wing drones is driving their demand worldwide. Fixed-wing drones are equipped with wings (rather than vertical lift rotors), which are similar to the normal airplanes, and are much efficient as compared to other types of drones. In addition, they are capable of covering longer distances, mapping larger areas, and are suitable for long-duration monitoring of their point of interest.
By capability, the market has been segmented into passenger drones and cargo drones. Currently, the former is well ahead in the race. This is primarily owing to the greater viability of cargo drones whereas passenger drones are still viewed as an emerging concept that will need few more years before becoming a genuine contender. Moreover, manufacturers are introducing purpose-build cargo drones with wider ranges of payload options.
By capacity, the market has been segmented into up to 100 kg and over 100 kg. The up to 100 kg segment dominats the global market as most drones that are currently manufactured fall in the particular category. These drones are used for inspection and surveillance, photography and filmmaking, scientific research and development, lightweight cargo transportation, and passenger carriage among others.
Browse Full Report : https://www.marketresearchfuture.com/reports/drones-market-1124
By application, the market has been segmented into agriculture (field mapping, crop scouting, crop spraying, agricultural photography, precise agriculture management, agriculture insurance inspection and other) and industry (construction, oil & gas, mining, logistics, aviation, telecom and others). The industry segment segment will continue to outperforme the agriculture segment during the forecast period. Drones find a wide range of industrial applicatins such as real-time data gathering and processing industrial data. One major benefit of using drones in industrial sectors is real-time monitoring industrial sites.
By component, the market has been segmented into airframe, payload, guidance navigation & control and propulsion system. The airframe segment is holds the largest market and is expected to highly profitable in 2018 and beyond. Increased focus towards improving airframe structures to reduce size and achieve higher durability is also supporting the growth of the segment. Meanwhile, the payload segment is likely to witness the fastest growth over 2028.
DJI, Parrot SA, AeroVironment, Inc., 3D Robotics, Inc., PrecisionHawk, Aeryon Labs Inc., AgEagle Aerial Systems, Agribotix LLC, Delair SAS, HoneyComb Corporation are some of leading companies functioning in the global market for drones.
Press Release Available : https://www.marketresearchfuture.com/press-release/global-drone-market
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
+1 646 845 9312
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.