Global Research Report on Drone Market Size & Share Driven by Thriving Automotive, Aerospace and Construction Industries 2017-2022 Including Trend Analysis & Competition Tracking

Drone or Unmanned Aerial Vehicles (UAVs) are commonly used in undertaking military operations, however they are also gaining traction in the commercial categories as well. Many of the online retailing companies and postal service providers are planning to increase drone utilization in their delivery operations to gain a competitive edge.

According to the latest report published by Fact.MR, The Global Drone Market is set to expand at a robust CAGR of 22.8% during the forecast period (2017-2022). Drones are technologically advanced modern aerial vehicles that have outstanding combat capabilities, making them a hot commodity in the defense sector. Drones are frequently used for combating terrorism and anti-social activities, which is boosting the prospects of the global drone market. In addition, rising demand for high precision technology is likely to drive the demand for drones in the near future.

On the other hand, high accident rate of these aircrafts due to technical malfunction or inherent durability bottlenecks is inhibiting its widespread adoption. Drones are prone to accidents also because they are usually operated via remote devises that can easily lose control of the aircraft if it goes out rang or if signals are blocked. Besides, strict government guidelines on the use of drones is further posing a challenge to global drone market.

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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.

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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.

Table of Contents

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

2.3.1. Economic Outlook. 15

2.3.2. International Policy. 15

2.3.3. Profitability of Enterprises. 16

2.3.4. Increasing Purchasing Power of Middle Class. 16

2.3.5. Complex Eco System. 16

2.3.6. Supply chain Issues. 16

2.3.7. End-user Sentiment. 17

2.4. Global Automotive Filter Market impact factors. 17

2.4.1. The Influence of China. 17

2.4.2. Dilemma on Shift to New Technologies. 17

2.4.3. Disruption in Traditional Business Models. 18

2.4.4. Rising Component Costs in Developing Countries. 18

2.4.5. Fluctuating Input costs. 18

2.4.6. Shrinking Product Development Time. 18

2.4.7. Adoption of New Mobility Solutions. 19

2.4.8. Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis. 19

2.4.9. Rising Complexity Influencing Greater Emphasis on Platformimg. 19

2.4.10. Innovations in Technology. 19

Continued…………..

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