Industry Background:
Drone surveillance refers to capturing video and images to gather information about specific targets via UAV drone which is to an aircraft without human pilot which operates through onboard computers or remote control. The drone surveillance market has high growth prospects due to rising demand from the defense sector owing to the increasing security concerns and growth in terrorist activities. For instance, the New York Police Department announced to deploy 14 of the unmanned fliers for reaching remote areas in crime scenes, monitor large events, and others. Further, exemptions are given by various governing bodies such as European Aviation Safety Agency (ESSA), Federal Aviation Administration (FAA), and others, to permit drone surveillance in numerous industries expected to drive the market over the forecasted period.
According to AMA Research, the market for Drone Surveillance is expected to register a CAGR of 17.15% during the forecast period to 2028. This growth is primarily driven by Rising Application of Fixed Winged Drones by Defense Personnel for Security Measures
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Aerospace & Defense sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Aerodyne Group (Malaysia), Azure Drones SAS (France), Cyberhawk Innovations Limited (United Kingdom), Martek Aviation (United Kingdom), Sharper Shape Inc. (United States), Boeing (United States), Airbus Corporation (Netherlands), Lockheed Martin (United States), Northrop Grumman Corporation (United States), Thales Group (France), Elbit Systems Ltd (Israel) and Saab Group (Sweden), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January , 2023 -- Dedrone, the market leader in smart airspace security, today announced its acquisition of Aerial Armor, a leader in counterdrone systems and integrator of drone detection hardware. The acquisition will enable Dedrone to deliver the best-in-class technology platform to meet airspace security needs of the future as demand for counterdrone protections continues to increase in the US and around the world. As part of the acquisition, Dedrone will honor all Aerial Armor customer contracts and retain all employees, including CEO Russ Haugan and CTO Matt Altman.
11th April 2019, Singapore police launched a fleet of drone-equipped vehicles to monitor pre-planned security events, search missions and situations requiring aerial surveillance.Drone Surveillance is fragmented Surveillance drone is manufactures as Aerodyne Group.
Regulatory Insights:
"UAVs drone operations involve high risk thus, stringent regulations have been imposed by various governing bodies such as FAA, ESSA, and others. There are different regulations regarding UAV drones in various countries. Some of the common restrictions stated below. The regulations bar drones to fly near sensitive locations such as government offices, military warehouses, airports, and others. Moreover, drones must be flown within the line of sight with the restriction on maximum altitude. Flying UAV drones over public places are restricted in the most part of the world."
Influencing Trend:
Emphasizing On Development of Batteries to Increase the Flying Period of Drones and Technological Advancement to Increase Drone Payload
Market Growth Drivers:
Rising Application of Fixed Winged Drones by Defense Personnel for Security Measures, AI And Machine Learning Deployment to Boost Drone Automation and Increasing Demand of Multi-Rotor Aircraft for Drone Surveillance
Challenges:
Lack of Appropriate Air Traffic Management and Safety for UAV Drones and Concerns Regarding Public Safety and Privacy
Restraints:
Lack of Skilled Drone Operators and Restriction on Commercial Use of Drones in Various Countries
Opportunities:
Rising Security Budgets of Developing Economies and Growing Demand of Drones Surveillance from the Commercial Sector for Shipping, Logistics, and Others
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Drone Surveillance Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Drone Surveillance Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Drone Surveillance players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Drone Surveillance Study Sheds Light on
The Drone Surveillance Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Drone Surveillance industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Drone Surveillance industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.