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Drone market: U.S industry projected to grow strongly by 2022 examined in new market research report

Consumer Market Research

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 Make an Inquiry about this news 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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Drivers:

           Rapid Technological Advancements

Restraints:

           Government Regulation

Opportunities:

           Adoption in Military for Spying

Challenges:

           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

End-use industries

Regulatory bodies, policy actors, and consumers.

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

Others

By Application

Surveying and Mapping

Inspection and Monitoring

Search and Rescue Operation

Media and Entertainment

Precision Agriculture

Others

By Payload

Up to 25 Kg

Up to 150 Kg

Up to 600 Kg

More than 600 Kg

By Component

Sensors

Controller System

Navigation System

Cameras

Propulsion System

Battery

Others

By Region

North America

Europe

Asia-Pacific

RoW

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)

Boeing (U.S)

Parrot S.A. (France)

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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