Industry Background:
The global Electric Drone market is expected to witness high growth in the forecasted period due to the rapidly increasing application of electronic drones in spy missions. There are various applications of electric drone such as wildlife protection and 3D mapping. these unmanned vehicles aid in providing modernization, digital communication formats that are more and reliable. Also, these vehicles are equipped with sensor, cameras, GPS and electrical intelligence.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Aglunction (United States), Parrot Drones SAS (France), senseFly SA (United States), Trimble Inc. (United States), AgEagle Aerial Systems Inc. (United States), Festo (Germany), Gamaya (Switzerland), Headwall Photonics, Inc. (United States), LeddarTech Inc. (Canada) and Agribotix (United States) |
According to AMA, the market for Electric Drone is expected to register a CAGR of 11.3% during the forecast period to 2028. This growth is primarily driven by Increasing Demand for Electric Drones in Commercial Applications and Upsurging Demand for Surveillance Drones.
Globally, a noticeable market trend is evident High Adoption in the Military Sector
The Aerospace & Defense sector in the North America 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 Aglunction (United States), Parrot Drones SAS (France), senseFly SA (United States), Trimble Inc. (United States), AgEagle Aerial Systems Inc. (United States), Festo (Germany), Gamaya (Switzerland), Headwall Photonics, Inc. (United States), LeddarTech Inc. (Canada) and Agribotix (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Manufacturers are rapidly changing their marketing strategies in order to attract more customers as well as they are focusing on the development of more consumer-friendly electric drones.
Key Developments in the Market:
On 2nd September 2019, Parrot’s newest drone comes with smartphone-powered FPV goggles. The new Anafi FPV (for first-person view) is being sold as a package with a headset that puts pilots in their drone’s perspective. But instead of a dedicated screen inside the goggles, Parrot’s approach is to have users slot a smartphone in, similar to headsets like the Samsung Gear VR or Google Cardboard.
In September 2023,DroneAcharya Aerial Innovations Limited (DAIL) has announced the launch of a new heavy-lift, high-altitude, long-range drone with multi-mission capabilities called BHUJANG (Battlefield Hybrid UAV for Joint Attack, Navigation and Guarding).
Influencing Trend:
High Adoption in the Military Sector and Rapidly Increasing usage in Arial Photography, Agriculture
Market Growth Drivers:
Increasing Demand for Electric Drones in Commercial Applications and Upsurging Demand for Surveillance Drones
Challenges:
Endurance. The brick-size batteries used by drones are heavy and get used up quickly.
Restraints:
The Concern Regarding Battery of the Electric Drone
Opportunities:
High Demand due to Technological Advancement in Payload Technology and The Introduction of 3D Mapping Printer Drones
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Electric Drone Market
- Analysis about New Entrants in Electric Drone Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Electric Drone Study Sheds Light on
The Electric Drone Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electric Drone industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric Drone 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.