Drones Market 2018 Expected to Observe CAGR of More than 30% Through 2027 | Global Leading Players - DJI, General Atomics, Aurora Flight, AeroVironment, BAE, Denel Dynamics, Draganfly, Lockheed Martin and Others

Drones Market Research Report 2018 published By Market Research Future, provides information on Global Drones Market By Industry Analysis, Market Growth and Opportunity Assessment, Segmentation - by Drone Type (Commercial, Military), Component (Sensor, Controller System, Camera, Navigation System), Application (Inspection & Monitoring, Military, Law Enforcement, Precision Cultivation) And Region - Forecast till 2027

Market Research Future published a Half Cooked research report on “Global Drones Market Research Report - Forecast to 2027” Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027

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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%

Market synopsis:

Drones or Unmanned Arial Vehicles are kind of aircraft which is controlled by pilots via remote or can be programmed for a specific operation. These drones provide ultimate accuracy on the operation and help to complete the operation with fewer errors. In the defense sector of any country, drones play a very important role as it can give optimum result without loss of human life. Technological advancement in the defense sector is driving the market. Increased applications in agriculture and law enforcement sectors are expected to favorably impact the market over the forecast period. The drones have various applications across different industrial domains, like e-commerce, military and aviation, cultivation and farming. Due to the higher demand for surveillance in terms of security and in the defense sector, the market for drones is expected to increase at a faster rate.

Various industrial domains like e-commerce and retail are largely working on the prioritized delivery of their product to the customers, in a minimum possible time. In addition to this, the e-commerce giant, Amazon had suggested the allocation of a separate airspace zone for the operation of these unmanned aerial aircraft in order to deliver goods to customers. There has been a huge initiative by the governments of different countries to adopt the drone services.In U.K, the drones are largely used by law enforcement, in China, these drone applications are used by the police for surveillance, and many other countries are legalizing the drone flying in designated airspace.

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.

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 uncrewed 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.

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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.

Regional analysis:

The geographical analysis of the drone market include regions like the North America, Europe, Asia Pacific and rest of the world. Among these regions, the North America has the largest market share. This market growth is due to the growing adoption of drones in military, e-commerce and retail application. Asia Pacific is expected to witness the highest growth rate during the forecast period. Europe holds the second largest market following North America. Europe is an advanced region in terms of automotive, organized retail, aerospace and defense and thereby capture a lot of application of unmanned aerial vehicles in this region.

Intended Audience

• Drones Market services providers
• IT providers
• Camera manufacturers
• Retail vendors
• Sensors/Chipset Manufacturers
• Local/Government Agencies
• Security Agencies
• Media advertising providers
• Value-added resellers
• Research Firms

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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

3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Drones Market

Continues..

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