Electric Drone Market | Global Industry Size, Share, Trends, Segments and Regional Analysis By AgEagle, Agribotix, Airinov, Festo, Gamaya, Headwall, LeddarTech, MicaSense, Novariant, Parrot, senseFly, Shadow Robotics, Yanmar and YARA

Global Electric Drone Market Information Report by Surveillance Mission (Border Surveillance, Natural Disasters, Illegal Traffic Monitoring, and Others), by Application (Commercial and Civil, and Military), by Payload (Electro-Optical/Infrared Sensors, Camera, Electronic Intelligence, Electronic Warfare, and Others) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Forecast to 2023

AgEagle Aerial Systems, Inc., Agribotix LLC, Airinov, Festo, Gamaya, Headwall, LeddarTech, MicaSense, and Novariant, Parrot, senseFly, Shadow Robotics, Trimble, Yanmar and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global electric drone market.

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Global Electric Drone Market – Overview

The global electric drone market is growing with the rapid pace. According to a recent study report published by the Market Research Future, the global market of electric drone will grow at a rapid pace over the forecast period. The market is forecasted to witness a steady growth by 2023, growing at a high CAGR, during the projected period (2018 -2023).

Electric drones are unmanned aerial vehicles that are designed to complete tasks autonomously or with the help of human assistance. The introduction of new technology has enriched upgraded the unmanned aerial vehicles to function efficiently with more compact size and lighter weight. The flight of drones may operate with various degrees of autonomy: either under remote control by a human operator, or fully or intermittently autonomously, by an on-board computer. Electric drones are connected with GPS systems, high-resolution cameras, and other sensors. The main use of drones originated in military applications, in addition to this it is expanding its use in scientific, commercial, recreational, and other applications namely, drone racing and aerial photography.

Increasing military applications, growing toy industry, and usage in commercial applications fuels the demand for the electric drone market, during the forecast period. Modernisation and expansion of electric powered drones have fuelled the growth of the global electric drone market. Drones are able to quickly survey construction sites and deliver data to project managers in real time and are used in monitoring and maintenance of all types of power & utilities production facilities, which increases the demand for the electric drones’ market. In addition, the rise in demand for electric drones in videography projects, photography, and wildlife protection programs will enhance the growth of the electric drone market. However, the high cost of device, increasing complexities in design, and need for regular maintenance act as the barriers for the growth of electric drone market.

The global market is completely dependent on the military and commercial expenses on the research and development of drones. The increasing use of electric drones for spy missions and surveillance by the military forces is fuelling the growth of the global electric drone market. Another factor responsible for the growing demand in the electric drone market is the technological advancements of electric drones.

With the increase in research and development and growing investments by drone manufacturers in the development of small, lightweight, and efficient electric drones, the global market is expected to witness a significant growth, during the forecast period.

Industry/ Innovation/ Related News:

September 2018 – Global Energy Transmission, a US-based corporation with its development center in Russia, announced the launch of inductive charging system that charges drone batteries in flight.

September 2018 – PureTech Systems, a wide-area perimeter surveillance software solutions provider, launched its latest security drone, which can be dispatched automatically to an alarm location.

September 2018 – Eversource, New England’s largest energy provider, announced the start of a new program where unmanned aerial drones will conduct regular inspection of power lines and other hard-to-reach infrastructures.

September 2018 – Impossible Aerospace, US start up, announced the fully electric quadcopters, which can fly up to two hours on a single charge. The quadcopter is equipped with lithium-ion batteries that can reach an 80 percent state of charge in 40 minutes.

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Global Electric Drone Market – Segmentation

The global electric drone market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Surveillance Mission : Comprises Border Surveillance, Natural Disasters, Illegal Traffic Monitoring, and Others

Segmentation by Application : Comprises Commercial and Civil, and Military

Segmentation by Payload : Comprises Electro-Optical/Infrared Sensors, Camera, Electronic Intelligence, Electronic Warfare, and Others

Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific and Rest of the World.

Global Electric Drone Market: Regional Analysis

North America dominated the global market in 2017, due to the extensive investments by the government and defense authorities in the region, which resulted in the development of small, lightweight, and efficient electric drones. The market in North America is largely driven by growing usage of electric drones in military operations and rising surveillance applications. Also, drones are mostly used for scientific, recreational, commercial and agricultural purposes in the region.

Similarly, the increasing use of electric drones in the photography projects, wildlife protection programmes, and increasing focus on the development of consumer-friendly electric drones is driving the electric drone market in the Asia-Pacific region.

Table Of Contents:

1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:

2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research

3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators

4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants

Continued......

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