Global Drones Market 2018 Forecast to 2027 Key Companies - DJI, General Atomics, Aurora Flight, AeroVironment, BAE, Denel Dynamics, Draganfly, Elbit, General Dynamics, Lockheed Martin, Northrop Grumman

Drones Market Growth Is On Auto-Pilot Mode Surging To Glory By 2027

Global Drones Market Research Report, by Drone Type (Commercial, Military), Component (Sensor, Controller System, Camera, Navigation System), Application (Inspection & Monitoring, Military, Law Enforcement, Precision Cultivation) - Forecast till 2027

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Drones Global Market - Overview

Drones or Unmanned Arial Vehicles are kind of aircraft that are controlled by pilots via remote or can be programmed for specific mission. These drones provide ultimate accuracy on the mission and help to complete the mission with less error. In the defense sector of any country, drones play very important role as it can give optimum result without loss of human life.

Drones traditionally used for defense purposes are also being used more in a support-to-civil government authorities role, performing activities such as: Observing border areas, supporting maritime surveillance and conducting other observations for fisheries and forestry, Responding to and prevention of a natural disaster such as an earthquake, flood, hurricane or forest fire Drone technology also supports the development of new solutions such as the provision of communication access using drones in category of HALE (High Altitude Long Endurance) or/and HAPS (High Altitude Pseudo Satellite). Other specific applications that are being developed include the provision of wind energy using drones attached to the ground. However, before all of these uses can grow in practice, a number of questions still need to be answered around technology, regulation and social readiness.

Technological advancement in the defense sector is driving the market and it is expected that drones market will reach to a substantial market size by the end of forecasted period. According to a recent study report published by the Market Research Future, the global market of Drones is anticipated to witness an impressive growth in terms of value, with a striking CAGR during the forecasted period (2016 – 2027)

Drones have been instrumental in providing new capabilities for the defense industry and have demonstrated significant growth as a consumer leisure product. Drones are offering public safety and security authorities new capabilities much in the same way they have for the military and are transforming commercial businesses. A core component to these new capabilities and transformations is the collection of data from strategic vantage points that have been either inaccessible or too expensive to be economically viable today. This core area of data processing is being extended to include the efficient transport of urgently needed goods within a local community or industrial site with longer term aspirations to transform large commercial vehicles for both cargo transport and also, someday, passenger transport.

Drones Global Market - Key players

The drone market today can be described as a melting pot of different technologies, where combinations of hard- and software components and service features are provided to the end user. In order to create sustainable success in this extremely fast moving market it is essential to maintain strategic partnerships or invest in a solid UAV portfolio. However, lately a few players have been extremely busy with engaging in new partnerships, looking for investment opportunities and acquisitions. with a strong mix of leadership in aerospace and defense, innovative forces are developing both drone products and services and industrial leaders finding new ways to impact their businesses by leveraging the technology – is helping drive what is becoming a global industry.

For instance; In July 2016, Draganfly showcased the new drone for law enforcement agencies in US.In February 2016, General Atomics announced the acquisition of Miltec Corporation. In November 2015, Aurora Flight announced launch of world’s fastest 3D printed drone is ready for flight. This drones can reach speed of 150MPH.

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.) among others.

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Drones Global Market - Segmentation

The global Drones Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Drone Types : Comprises - Very Small Drones, Small Drones, Medium Drones, Large Drones.

Segmentation by Application Areas: Comprises - Aerospace and Defense, Agriculture, Transportation, Inspection & Monitoring, Media & entertainment, Government among others.

Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Drones Global Market - Synopsis

Drones have seen an increasing amount of attention as an evolving industry. Up until recently, drones were mostly used for defense. The game has changed now with leisure drones already selling in the millions. This development of small and cost effective drones has led to a variety of uses that businesses and public institutions are starting to leverage to reduce risk, optimize processes and drive new forms of customer and societal value. The area of filming was among the first commercial applications and uses in imaging have rapidly expanded for mapping, surveying and inspections. Among the numerous applications being discussed in the media are: Inspecting industrial infrastructure, such as flare stacks of an oil refinery, to limit expensive shutdowns and avoid placing personnel in hazardous conditions, Patrolling of pipeline, electricity power-lines and railways to detect physical abnormal activity like encroachment or intrusion, Mapping and surveying of mining and construction sites to perform tasks such as stock pile management, pre- & post-blast data collection and vegetation change tracking, Analyzing crop health and conducting topographic survey to support agriculture, Delivering emergency medical supplies such as defibrillators for cardiac arrest, Transferring real time data from fire and emergency scenes to fire-fighter and police forces on the ground in order to assess danger and locate at-risk person The figure below showcases the variety of applications being discussed globally based on a review of English-based articles from different markets.

Commercial and professional users are expected to demand drones in both rural and urban settings and will be reliant on beyond visual line of sight capabilities to be permitted. Examples of some of the most influential missions, in terms of the potential number of drones and economic impact, include: Agriculture sector where over a number of drones are forecasted to enable precision agriculture to help drive increased levels of productivity that are required. Energy sector where close to a sizeable numbers of drones limit risk of personnel and infrastructure by performing preventative maintenance inspections Delivery purposes where there is potential for a fleet of nearly 100 000 drones to provide society with some kind of urgent service capabilities, such as transporting emergency medical supplies, and premium deliveries. Public safety and security where a forecasted fleet of approximately 50 000 drones would provide authorities like police and fire forces the means to more efficiently and effectively locate endangered citizens and assess hazards as they carry out civil protection and humanitarian missions.

Drones Global Market - Regional Analysis

Currently, North America is dominating the market of Drones with the largest market share . The main reason behind this is investment of government in defense sector. Europe stands as second biggest market which accounts for a substantial market share and has been valued in multibillions USD in the year 2015. Europe is not alone in its strong efforts to generate value from drones. The United States (US) and China are two key States that are significantly investing into technology and innovative businesses that currently exceed the level of total European investments. In particular, the US is the leader in producing defense drone systems – followed by Israel – and China is the leader in producing leisure units that tend to be more and more used for professional purposes.

Asia-Pacific stands as third biggest market for Drones market which holds a considerable market share and has been valued substantially in the year 2015.

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BRIEF TABLE OF CONTENTS :

1 Executive Summary
2 Scope Of The Report
3 Market Research Methodology
4 Market Landscape
5 Application Overview Of Global Drones Market
6 Market Trends
7. Global Drones Market By Drone Type
8. Global Drones Market By Component
9. Global Drones Market By Application
10. Global Drones Market By Region
11. Company Landscape
12. Company Profiles
13 Conclusion
LIST OF TABLES
LIST OF FIGURES

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