About Drones-
Drones are a term that refers to an unnamed aerial vehicle or unpiloted aircraft that carries out various impressive tasks. The structures are made from carbon fiber composites. Drones are used in various applications, ranging from monitoring climate change to carrying out search operations after natural disasters, photography, filming, and delivering goods, military reconnaissance, surveillance, and targeted attacks. Ongoing advancements in drone technology, including improved battery life, better sensors, increased payload capacity, and enhanced communication systems, contribute to the growth of the market.
Attributes | Details |
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Study Period | 20-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The drone market was experiencing significant growth with diverse applications ranging from recreational use to commercial and industrial applications. The competition in the drone market was intense, driven by various companies aiming to capitalize on the expanding opportunities. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DJI (China), INSITU (United States), Parrot Drone SAS (France), 3DR, Inc (United States), Delair (France), Skydio, Inc. (United States), Yuneec (China), Dronix Technologies Private Limited. (India), Autel Robotics (United States), Garuda Aerospace (India), XAG Co., Ltd. (China), Volatus Aerospace Corp. (Canada), insideFPV.com (India), JOUAV (China), Volatus Drones (United States) and ideaForge Technology Ltd (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Drones- market by , Application (Power Inspection, Traffic Monitoring, Environmental Protection, Agricultural Insurance, Post-Disaster Rescue and Others) and Region.
On the basis of geography, the market of Drones- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Multi-Rotor Drones will boost the Drones- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Radar positioning and returning home will boost the Drones- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increased adoption of consumer drones for photography
Market Growth Drivers:
The increasing adoption of drones for commercial application and The expanding of drone delivery services in the logistics and e-commerce sectors
Challenges:
The drone industry faces regulatory challenges related to airspace management, privacy concerns, and safety regulations. and The misuse of drones for malicious purposes, like unauthorized surveillance, smuggling, or even attacks, raises security concerns.
Restraints:
Limited Endurance and Range in drones
Opportunities:
Developing AI-driven capabilities for autonomous flight, obstacle avoidance, and intelligent decision-making drones and Focus on innovation of software for flight planning, data analysis, and mission optimization in drone technology
Market Leaders and their expansionary development strategies
In November 2022, Volatus Aerospace Corp. is an aerospace manufacturer has acquired the New York based Empire Drone Company LLC. The acquisition, provides Volatus with expanded distribution for drone technologies in the American Market and a corresponding increase in gross margin performance for all US sales.
In February 2024, Garuda Aerospace has launched a nano drone, Droni, for the consumer photography and cinematography segment. Droni is integrated with 11 intelligent flight modes, including follow-me features, circling, fading, soaring, time-lapse, tail flicking, and broad and straightforward shooting. and In February 2024, deep tech drone manufacturing company has launched the drone Elevate V1 Series. The drone features 4K high-definition video recording, a 20-megapixel camera, a three-axis gimbal camera stabilisation system, remote and app control, around a 100-minute flight time, a GPS system, obstacle avoidance, level-7 wind resistance and a removable/replaceable battery
Key Target Audience
Supplier, Manufacturer, Research organization, Government Regulatory, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.