global drone (uav) market demand & opportunity analysis 2023

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Global Drone (UAV) Market Outlook:

Industry Insights & Opportunity Evaluation,

2015-2023


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Global Drone Market Final Deliverable

Table of Content

Global Drone Market Overview

Drone is a flying robot commonly known as unmanned aerial vehicles (UAV) which can be controlled by remote or self-automation software. From past few years, drones were often used for military practices such as anti-aircraft target practice, intelligence gathering and others. Now-a-days drones discovered their wide range of application in commercial sector such as traffic monitoring, weather monitoring, fire-fighting, search and rescue operations, drone-based photography, as well as agriculture and delivery services. With the emerging market of drones, drone education is also expanding. Various universities across the globe are now offering bachelor degree in Unmanned Systems Applications, these emerging trends in the drone technology will further spur the demand for drones across the globe.


Market Size & Forecast

Global drone market is anticipated to reach USD 25 billion by the end of 2023 witnessing a compound annual growth rate of 18.2% over the forecast period owing to the significant use of drones in various sectors.

Geographically, North America is anticipated to have the upper hand over the global drone market owing to the increasing production and wide application of drones in commercial sector. Europe is estimated to be most attractive market in terms of profit over the forecast period. In Canada, drones are mainly used for atmospheric monitoring including atmospheric gas sampling and oceanographic research.

http://www.researchnester.com/reports/drone-market-global-demand-growth-analysis-opportunity-outlook-2023/208


In terms of volume, nearly 4 million commercial drones are sold in 2015. The number of sold units is anticipated to expand exponentially over the forecast period reaching 18 million a year by 2023.

Drones are widely used for pest detection, search and rescue of mammal species, volcanic monitoring, pollution monitoring and others. The growing trend of adoption of drones in various activities will establish numerous opportunities for the drone’s manufacturers in the global market.

Drone manufacturers in the market are focused on providing comprehensive design with functionality and safety to ensure the best performance and creative appearance.

Market Segmentation

By Product Type

Deep dive study has been carried out on the following product segments:-

Commercial Drones o Fixed Wing Drones o VTOL Drones Rotary Blade Drones Nano Drones Hybrid Drones Military Drones o Small Tactical Unmanned Aircraft Systems (STUAS) o Medium Altitude Long Endurance (MALE) UAVs o High Altitude Long Endurance (HALE) UAVs o Unmanned Combat Air Systems (UCAS)

By Payload

Depending upon the payload capacity of drones, the market is further segmented into following categories:-


Up to 25 kg ( commercial drones) Up to 150 kg ( commercial drones) Up to 600 kg (military drones) Above 600 kg (military drones)

By Component

On the basis of component used in drones, thorough study has been carried out on the following categories:-

Camera Battery Propulsion System Sensors Navigation System Others (Transmitter, Range Extender, Frame)

By Application

By end use application, the market can be segmented in to following categories:-

Military Activities Law Enforcement Precision Agriculture Media and Entertainment Retail Inspection and Monitoring Surveying and Mapping Do it Yourself (DIY) Drones Education

By Region

Global Drone Market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis


Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis

Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis

Middle East and Africa( GGC, South Africa, North Africa ) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Increasing use of drones in commercial sectors such as media and entertainment, inspection, monitoring, surveying and mapping is fuelling the demand for drones across the globe

Government all over the world is also implementing drones in public safety services, drones are widely used by law and enforcement agencies for surveillance. Drones are also used in infrastructure, scientific research and R&D, environmental studies, and disaster management activities. The wide range of application of drone will further intensify the market growth over the forecast period.

E-commerce and retail industry is working on the using drones in order to deliver product to the customers in a minimum time. However such projects are held back by government bodies in order to ensure public safety. Additionally, Drones are widely used in agriculture sector to produce higher yield by regular crop monitoring. Key market players are making huge investment in R&D activities to develop solar powered drones for agricultural application. This will further boost the demand for drones in agricultural sector. Government regulations regarding the violation of privacy policies are considered to be the major restraint in the global drone market.

Key Players 3D Robotics AgEagle Aerial Systems Agribotix


Airware DJI Innovations HoneyComb Precision Hawk senseFly Skycatch Trimble AeroVironment CyPhy Works DJI Innovations Draganfly Innovations Sentera LLC

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation By Product Type Market Size & Y-O-Y Growth Analysis By Equipments Market Size & Y-O-Y Growth Analysis

By Regions

Global Medical Robotics Market has been studied on countries and regions like:

North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis Latin America (Mexico, Brazil, Rest of Latin America) Market Size &

Y-O-Y Growth Analysis Western and Eastern Europe (Germany, Italy, Spain, France, U.K,

Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis

Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis

Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis

Rest of World Market Size & Y-O-Y Growth Analysis


Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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growth-analysis-opportunity-outlook-2023/208




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