Drones Market Latest Technology Trend, Growth Analysis, Business Insights, Booming Industry by 2030
Research Reports
Mar 21, 2023
Market Research Future Insights
The Drone market industry is projected to grow from USD 29.6037 Billion in 2023 to USD 66.012 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.30% during the forecast period (2023 – 2030).
The drones market refers to the global market for unmanned aerial vehicles (UAVs) that are used for a variety of purposes such as military, commercial, and consumer applications. Drones are often equipped with cameras, sensors, and other technology to capture images, collect data, and perform various tasks.
The COVID-19 pandemic had a mixed impact on the drones market. While the demand for drones increased in certain industries such as healthcare, logistics, and e-commerce, it decreased in others such as the entertainment and events industry. The pandemic also led to disruptions in the global supply chain, affecting the production and delivery of drones.
Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1124
The key drivers of the drones market include Increasing demand for drones in military and defense applications, Rising adoption of drones in commercial industries such as agriculture, construction, and infrastructure, Technological advancements in drones, such as the development of autonomous drones and drones with advanced sensors and cameras, Growing demand for drone-based services such as drone delivery and surveillance. The major factors hampering the growth of the market includes stringent regulations governing the use of drones in various countries, Concerns regarding the safety and privacy of individuals, High cost of drones and their associated technologies.
Key Players
Some of the key factors are Microdrones, DJI, Aibotix GmbH Limited, Drone America, Draganfly Innovations Inc., ING Robotic Aviation, Aeryon Labs Plc., AeroVironment Inc., Ascending Technologies Inc.
Market Segmentation
The drones market can be segmented based on type, capacity, application, and industry. On the basis of type, the market is segmented based on Fixed-Wing and Multi-Rotor. Based on capacity, the market is segmented based on Up to 100 kg and Over 100 kg. On the basis of applications, the market is categorized as Agriculture (Field Mapping, Field Mapping, Crop Spraying, Agricultural Photography, Precise Agriculture); Management, Agriculture Insurance; Inspection Industry (Construction, Oil Gas, Mining, Logistics, Aviation, Telecom)). Based on components, the market is segmented as Airframe, Payload, Guidance Navigation Control, and Propulsion System.
Regional Analysis
North American accounts for the largest market share. In North America, US is the major contributor to the drone market. In Europe, The UK, Germany, and France are the major contributors to the drone market due to increasing adoption of drones in agriculture, construction, and surveillance applications. China, Japan, and South Korea are the major contributors to the drone market in Asia-Pacific. The United Arab Emirates (UAE) is the major contributor to the drone market in the Middle East and Africa. increasing adoption of drones in agriculture, mining, and oil and gas sectors. Brazil, Mexico, and Argentina are the major contributors to the drone market in Latin America.
Full Report @ https://www.marketresearchfuture.com/reports/drones-market-1124
Contact Information:
Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
Wire, Research Newswire, English