Overview of Global Drone Market: Size, Trends, Share and Growth Forecast till 2022

Posted on 2018-04-17 by Mark Hub in Retail // 0 Comments

Fact.MR

Dublin 2, Ireland, 2018-Apr-17 — /EPR Network/ — The global market discussion on drone industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Drone Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on drone market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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Drone or Unmanned Aerial Vehicles (UAVs) are frequently used for carrying out military operations. Nonetheless, these unmanned aircrafts are also being increasingly used for undertaking non-military affairs owing to their groundbreaking aerial capabilities. Unlike the traditional aircraft, drones can fly for longer durations. Moreover, they come in various price rang depending on the features. Demand for drones has been significantly high in recent years. As per a study conducted by Fact.MR the global drone market is expected to increase at an impressive CAGR of 22.8% during 2017 to 2022. Drones are considered as innovative aerial vehicles that have exceptional combat capabilities, which is why they are being used by various countries for defense purposes. Currently, drones are playing an important part in countering anti-social activities and terrorism. Growing demand for precision technologies is expected to favor the global market for drones in the near future. However, risk of accidents and technical failures remain a major concern for manufacturers. This, in turn, is also acting as a bottleneck for the market and curtailing widespread adoption of drones. Further, stringent regulatory norms on drone use continue deter the growth of the market. North America is at the forefront of the global market. The region’s market is expected to remain highly lucrative throughout the forecast period, reflecting at a stellar CAGR in terms of value.

Global Drone Market: Product Overview

On the basis of product type, the military drone segment is expected to reach an impressive market valuation by 2022-end. Between 2017 and 2022, this segment is projected to create a sizeable absolute $ opportunity. Meanwhile, the commercial drone segment is projected to reach US$ 6,382.8 Mn towards the end of the forecast period.

Demand for drones with ’25 kg – 150 kg’ payload is expected to remain strong throughout the forecast period. By 2022, the 25 kg – 150 kg segment is expected to reach a significant valuation. In terms of value, the 150 kg – 600 kg segment is expected to witness the fastest growth over 2022.

Global Drone Market: Application Overview

Based of application, use of drones will be relatively high for border security. The border security segment is projected to witness a healthy CAGR to reach a market valuation of US$ 5,731.0 Mn by 2022. This segment is expected to grow in terms of market share by 2022 over 2017. Meanwhile, use of drone is also expected to grow in various other sector such as construction, agriculture, film and entertainment and aerial photography.

Competition Tracking

3D Robotics, Agribiotix, LLC, AgEagle Aerial Systems, Airware, Precision Hawk Inc., Skycatch, Inc., SenseFly SA, CyPhy works Inc., Sentra, LLC, AeroVironment, Inc and DJI are among the top players operating in the global drone market.

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Table of Content:

Chapter 1. Global Drone Market – Executive Summary. 12

Chapter 2. Global Drone Market Overview. 14
2.1. Introduction. 14
2.1.1. Global Drone Market Taxonomy. 14
2.1.2. Global Drone Market Definition. 14
2.2. Global Drone Market Size (US$ Mn) and Forecast, 2012-2022. 14
2.2.1. Global Drone Market Y-o-Y Growth. 14
2.3. Global Drone Market: Macroeconomic Factors. 15
2.4. Global Automotive Filter Market impact factors. 17
2.5. Supply Chain. 20
2.6. Cost Structure. 20
2.7. Pricing Analysis. 20
2.8. Raw Material Sourcing Strategy and Analysis. 21
2.9. List of Distributors. 21
2.10. Key Participants Market Presence (Intensity Map) By Region. 21
2.11. Competitive Assessment and Technology Trends in Future. 21

Chapter 3. Global Drone Market Analysis and Forecast By Product Type. 22
3.1. Global Drone Market Size and Forecast by Product Type, 2012-2022. 22
3.1.1. Commercial Drone Market Size and Forecast, 2012-2022. 22
3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 22
3.1.1.2. Market Share Comparison, By Region. 23
3.1.1.3. Y-o-Y growth Comparison, By Region. 24
3.1.2. Military Drone Drone Market Size and Forecast, 2012-2022. 25
3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 25
3.1.2.2. Market Share Comparison, By Region. 26
3.1.2.3. Y-o-Y growth Comparison, By Region. 27

Continued….

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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