Drones Market 2016-2027 Size, Share, Trend Top Key Players by: Northrop Grumman, Lockheed Martin, General Dynamics, Elbit Systems, BAE Systems, AeroVironment

Drones Market Global Market - Overview:

Drones or Unmanned Arial Vehicles (UAV) are a type of aircraft that is controlled by pilots remotely. These aircraft can be programmed for specific and critical missions. These drones provide ultimate accuracy and help to complete the mission with minimum error and lesser damage to human lives. Drones play very important role in the defense sector of any country, as it can give optimum result without loss of human life. Draganfly showcased the new drone for law enforcement agencies in US. Technological advancement in the defence sector is driving the market. Aurora Flight announced launch of world’s fastest 3D printed drone is ready for flight. This drones can reach speed of 150MPH.

Some trends in the Drones Market include multirotor drones in nonmilitary applications for surveillance and photography, flight stability, and cost-benefit increasing the usage of rotary blade drones in commercial and consumer application. Furthermore, rising prominence of drones as risk mitigation tool fuels their adoption in nonmilitary sectors. Growing demand for aerial images and video in real estate, media & entertainment increases the growth of photography drones, and strong penetration of smartphones also fuels the interest in smartphone-controlled drones. However, lack of regulatory framework hampers the adoption of drones in the commercial sector.

Draganfly showcased the new drones for law enforcement agencies in the U.S. General Atomics announced the acquisition of Miltec Corporation. Aurora flight announced the launch of world’s fastest 3D printed drone. These drones can reach up to a speed of 150 Mph.

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Drones Market Global Market - Segmentation

Segmentation by Drones Type: very small drones, small drones, medium drones, and large drones

Segmentation by Applications: Aerospace and defence, agriculture, transportation, inspection and monitoring, media and entertainment, government.

Segmentation by region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Segmentation:

On the basis of drones type, the market is segmented into commercial drones (fixed wing drones, VTOL drones), and military drones (small tactical unmanned aircraft system, medium altitude long endurance, high altitude long endurance, and unmanned combat air systems)
On the basis of component, the market is segmented into sensor (motion sensor, light sensor, proximity sensor, temperature sensor, position sensor and others), controller system, camera (multispectral camera, thermal camera, lidar camera, high resolution camera), navigation system (global positioning system and geographic information system), propulsion system, battery and others.

On the basis of application, the market is segmented into inspection and monitoring, military application, law enforcement, precision cultivation, media and entertainment, surveying and mapping, personal, education among others.

Major Key Players:

The key players in the market of drone’s are- General Atomics (U.S.), Aurora Flight (U.S), AeroVironment Inc. (U.S.), BAE Systems PLC (U.K.), Denel Dynamics (South Africa), Draganfly (Canada), Elbit Systems Ltd. (Israel), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), Northrop Grumman (U.S.), DJI (China) among others, are profiled in MRFR Analysis and are at the forefront of competition in the global Drones market.
DJI expects its sales will reach RMB 18 billion ($2.7 billion) in 2017. Sales in 2016 increased by 65% year on year breaking the RMB 1 billion point. Consumer drones accounted for 80% of the profit. In 2018, DJI is planning on expanding its staff with special attention to the agriculture sector. The company has recently upped its stakes in the agricultural drone area by lowering the price of its drones by 12%

Drones Market Global Market - Regional Analysis:

North America is dominating the market of Drones. The main reason behind this is investment of government in defence sector. Europe stands as second biggest market. PwC has launched a UK drone team as it eyes increasing demand from investors, local authorities and companies for real-time data that can be more easily obtained by unmanned flight systems than by humans. Asia-Pacific stands as third biggest market for Drones. UK firm building autonomous drone which will get you from Heathrow to central London in 12 minutes. The Shenzhen-based drone maker, DJI is currently the world’s top seller of consumer drones, with a global market share of 70%

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Industry News:

January 2018, Drone deliveries: Tech giants using Australia as a drone testbed, including Google’s Project Wing. Alphabet’s research and development facility, formerly known as Google X, launched two commercial drone delivery trials in Australia. The trials, as part of the company’s Project Wing, have seen deliveries of Guzman y Gomez Mexican food and healthcare and over-the-counter medicine from Chemist Warehouse delivered to residents in Queanbeyan, New South Wales, and Canberra.

January 2018, Indian Railways to go hi-tech, will soon use drones for crowd management at stations. Indian Railways is all set to get eyes in the sky as it prepares to launch drones over stations across the country in a bid to regulate passengers. The drones are expected to help officials control crowds at railway stations better - especially during festival seasons when major cities see a rise in footfall. The bird's eye view will help in better regulation of people and identify potentially dangerous situations in and around stations in the country. A trial has already been completed and Railways has put these machines to use in three divisions in Jabalpur

December 2017, US Military tests system for on-demand 3D-printed drones. The US Army is partnering with the Marine Corps on a test project that lets troops 3D-print particular drone parts from a tablet-based catalog, which could eventually lead to manufacturing UAVs customized to the mission. The software catalog setup lets military units print out an unmanned aircraft system for specific missions. The Army Research Laboratory expects the turnaround time to create UAV parts to be anywhere from minutes to hours, rather than days or weeks.

December 2017, Boeing unveils a drone capable of landing on an aircraft carrier, as Navy competition heats up. Boeing recently offered a first glimpse of its newest military aircraft, a large, stingray-shaped drone it hopes will win an intense Navy competition to build an unscrewed aircraft capable of landing on an aircraft carrier. In addition to Boeing, two of the Pentagon’s top suppliers, General Atomics and Lockheed Martin, are also vying for a contract to build as many as 76 of the vehicles that would become operational in the mid-2020s.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2030)
Table2 Global Drones Market: By Region, 2017-2023
Table3 North America Drones Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Global Drones Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Drones Market
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