Drone Market by Type (Vertical Take-Off and Landing (VTOL), Tactical Unmanned Air Vehicle (TUAV), Medium-Altitude Long-Endurance (MALE), High-Altitude Long-Endurance (HALE), Fixed-Wing),By Application(Surveying and Mapping, Inspection and Monitoring, Search and Rescue Operation, Media and Entertainment, Precision Agriculture).
Global Drone Market was valued at USD 14.3 Billion in the year 2017. Global Drone market is further estimated to grow at a CAGR of 18.83% from 2018 to reach USD 47.4 Billion by the year 2023.
North America region holds the largest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, the U.S market is projected to grow strongly in the coming years.
DJI Drones (China), UVify Inc. (U.S), Hubsan Drones (China), 3D Robotics, Inc. (U.S), General Atomics (U.S), Northrop Grumman Corp.
(U.S), Aerovironment, Inc. (U.S), Bae Systems (U.K), Boeing (U.S), Parrot S.A. (France), Yuneec International Co.
Ltd (France), are some of the key players in the Global Drone market. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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Rapid Technological Advancements
Adoption in Military for Spying
Weight and Endurance
The major shares of the market come from 150 Kg in Global Drone Market. On the other hand, Camera component for this market is projected to grow at highest CAGR during the year 2018-2023.
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Key Benefits for Stakeholders
Drone Manufacturers, Distributors, and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
Vertical Take-Off and Landing (VTOL)
Tactical Unmanned Air Vehicle (TUAV)
Medium-Altitude Long-Endurance (MALE)
High-Altitude Long-Endurance (HALE)
Surveying and Mapping
Inspection and Monitoring
Search and Rescue Operation
Media and Entertainment
Up to 25 Kg
Up to 150 Kg
Up to 600 Kg
More than 600 Kg
Key Market Players
DJI Drones (China)
UVify Inc. (U.S)
Hubsan Drones (China)
3D Robotics, Inc. (U.S)
General Atomics (U.S)
Northrop Grumman Corp. (U.S)
Aerovironment, Inc. (U.S)
Bae Systems (U.K)
Parrot S.A. (France)
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