Drone Market Global Demand, Leading Players, Emerging Techno…

The Major Players Covered in Drone Market

• Aeronavics Ltd.
• AeroVironment Inc.
• Aeryon Labs Inc.
• DJI
• Draganfly Innovations Inc.
• EHANG
• Intel Corporation
• Parrot Drones SAS
• PrecisionHawk
• YUNEEC

Market Overview

These Unmanned Aerial Vehicles are finding growing application across the energy sectors, entertainment, and agriculture which is ultimately anticipated to impact the growth of the market. Primarily viewed as a military device, drones have established a noteworthy presence in commercial world in the past few years.

One of the important factors driving their demand in the commercial sectors is that these devices have the ability to complete hazardous tasks, such as examining utility pipelines, with cost-effectiveness and advanced precision as compared to conventional approaches. Newer drone-supportive guidelines by government bodies globally are anticipated to lower the entry obstructions for the new start-ups and the innovators in the drone market.

Factors including upsurge in technological developments; UAV venture funding; and rising application in the commercial sectors, including drone delivery and 3D mapping; are likely to contribute to the market growth.

Regional Overview

North America accounted for largest market share in revenue terms in 2019 and is projected to continue leading the market over the forecast period owing to the favourable government initiatives concerning the advancement in technology coupled with growing demand from the businesses for drone-acquired informations. Moreover, Federal Aviation Administration (FAA) in U.S. has released new guidelines to provide more consistent and coherent rules concerning the safe and legal operation of drones in commercial spaces. Such regulations are likely to reduce the entry barriers and surge the regional product adoption.

Asia Pacific is likely to witness the fastest growth over the forecast period. Countries such as japan and China are increasingly implementing advanced technologies across wide range of industries to counter rising labour costs.

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Competitor overview

Some of the noticeable companies operating in the global drone market are DJI; Xiaomi; AeroVironment Inc.; Parrot Drones SAS; 3D Robotics; EHANG.Increasing and INSITU; funding by collaborations and Venture Capitals (VCs) with technology giants and government agencies are anticipated to create a number of growth opportunities for the market players. Technology licensing, new product launches, mergers and acquisitions, and strategic partnerships are few of the key strategies accepted by the players to gain competitive edge.

Research objectives:

• To study and analyze the global Drone Market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2026.
• To understand the structure of Drone Market by identifying its various sub segments.
• Focuses on the key global Drone players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Drone with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the size of Drone submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

Key questions answered in this report

• What will the market size be in 2026 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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