Drone Market Analysis, Trends, Forecast, 2018-2028

Key Insights: Global Drone Market

Military and Defense Still the Largest Opportunity Generator for Drone Manufacturers

With predominant applications in military, drone witnessed a safe and relatively cheaper inception owing to its superior capabilities over the manual military aircraft. More than 90 countries across the globe are flying military drones at present. While drone is being perceived as the future of warfare by industry experts, military drones are rapidly evolving as the most lucrative area for R&D.

Defense departments and drone manufacturers are working hand-in-hand in an effort to achieve greater flexibility and endurance, in addition to desired autonomy. Although military and defense will continue to present the largest market to drone manufacturers throughout the foreseeable future, the recent past has been observing global drone market competition heating up at a rapid pace - eventually expected to transform the entire drone application scenario in the long run.

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Demanding Regulation to Favor Drone Market Performance through 2022

The advent of technology pushing enhanced capabilities in drones is constantly raising concerns over the existing regulatory framework. In the backdrop of having witnessed the use of drones in violation of safety, privacy, and national security, the commercial and consumer drone marketplace strongly demands stricter regulation across the globe - the US and UK governments being the pioneers here. As far as the norms related to drone in the EU member states are concerned, the regulation is still fragmented across the countries. By 2018 end, it is most likely that the EU will adopt a unified drone regulation for the member states, with joint efforts by EASA (the European Aviation Safety Agency). While governments are constantly supporting the initiatives by regulatory bodies and EASA, leading drone market stakeholders are strategizing partnerships with government entities to effectively address the biggest challenges ahead and spot the largest white space opportunities.

Global Drone Market Landscape: Competition Analysis

Drone market leaders such as DJI, Yuneec, and Parrot are prioritizing incorporation of autonomous flight features into their drone designs. They are also investing R&D efforts in sophistication of drone hardware targeting their new offerings. Strategic partnerships, being in the bandwagon of the competitive landscape of drone industry, is predicted to remain a key strategy among a majority of players unless the optimum productivity plateau is reached. Intel, DroneDeploy, 3DR, and Airmap have been actively into partnerships with tech leaders - revolving around combinations of software, hardware, and service based portfolios. Airware recently partnered with industry giants to enhance its mining and quarrying solution platform. PrecisionHawk and EagleView’s prudent partnership aims to transform the virtual claims inspection in insurance, commercial, and government sectors.

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PrecisionHawk bagged in two acquisitions - Hazon Inc. and InspecTools Inc. for strengthening its drone inspection services in the energy domain. AgEagle also recently acquired Agribotix with an objective to enhance its service offerings with the latter’s advanced imaging and data technology expertise. The most recent announcement in the drone space, the abrupt shutdown of operations of San Francisco-based Airware, is foreseen to change the game for several other drone market participants in the long run. The precise impact on drone market is however yet to be predicted.

Several other innovations will continue to shape the future of drone market through 2022, one of which includes emergency response drones that deliver food and goods to disaster-afflicted responders. Another breakthrough - medical drone - includes the delivery of blood and other emergency healthcare products to remote locations. Moreover, a number of R&D efforts targeting introduction of electric drones with groundbreaking flight times are presumed to elevate the prospects for drone market in the near future. Research also identifies that novel innovation such as the drone that can be regulated with human thoughts will impart an entirely new dimension to the drone market space soon.

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Table of Content Covered in the report are:

Chapter 1. Global Drone Market - Executive Summary. 12

Chapter 2. Global Drone Market Overview. 14
2.1. Introduction. 14
2.1.1. Global Drone Market Taxonomy. 14
2.1.2. Global Drone Market Definition. 14
2.2. Global Drone Market Size (US$ Mn) and Forecast, 2012-2022. 14
2.2.1. Global Drone Market Y-o-Y Growth. 14
2.3. Global Drone Market: Macroeconomic Factors. 15
2.3.1. Economic Outlook. 15
2.3.2. International Policy. 15
2.3.3. Profitability of Enterprises. 16
2.3.4. Increasing Purchasing Power of Middle Class. 16
2.3.5. Complex Eco System. 16
2.3.6. Supply chain Issues. 16
2.3.7. End-user Sentiment. 17
2.4. Global Automotive Filter Market impact factors. 17
2.4.1. The Influence of China. 17
2.4.2. Dilemma on Shift to New Technologies. 17
2.4.3. Disruption in Traditional Business Models. 18
2.4.4. Rising Component Costs in Developing Countries. 18
2.4.5. Fluctuating Input costs. 18
2.4.6. Shrinking Product Development Time. 18
2.4.7. Adoption of New Mobility Solutions. 19
2.4.8. Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis. 19
2.4.9. Rising Complexity Influencing Greater Emphasis on Platformimg. 19
2.4.10. Innovations in Technology. 19
2.5. Supply Chain. 20
2.6. Cost Structure. 20
2.7. Pricing Analysis. 20
2.8. Raw Material Sourcing Strategy and Analysis. 21
2.9. List of Distributors. 21
2.10. Key Participants Market Presence (Intensity Map) By Region. 21
2.11. Competitive Assessment and Technology Trends in Future. 21

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Chapter 3. Global Drone Market Analysis and Forecast By Product Type. 22
3.1. Global Drone Market Size and Forecast by Product Type, 2012-2022. 22
3.1.1. Commercial Drone Market Size and Forecast, 2012-2022. 22
3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 22
3.1.1.2. Market Share Comparison, By Region. 23
3.1.1.3. Y-o-Y growth Comparison, By Region. 24
3.1.2. Military Drone Drone Market Size and Forecast, 2012-2022. 25
3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 25
3.1.2.2. Market Share Comparison, By Region. 26
3.1.2.3. Y-o-Y growth Comparison, By Region. 27

Chapter 4. Global Drone Market Analysis and Forecast By Payload. 28
4.1. Global Drone Market Size and Forecast By Payload, 2012-2022. 28
4.1.1. Upto 25 Kg Drone Market Size and Forecast, 2012-2022. 28
4.1.1.1. Revenue (US$ Mn) Comparison, By Region. 28
4.1.1.2. Market Share Comparison, By Region. 29
4.1.1.3. Y-o-Y growth Comparison, By Region. 30
4.1.2. 25 Kg - 150 Kg Drone Market Size and Forecast, 2012-2022. 31
4.1.2.1. Revenue (US$ Mn) Comparison, By Region. 31
4.1.2.2. Market Share Comparison, By Region. 32
4.1.2.3. Y-o-Y growth Comparison, By Region. 33
4.1.3. 150 Kg - 600 Kg Drone Market Size and Forecast, 2012-2022. 34
4.1.3.1. Revenue (US$ Mn) Comparison, By Region. 34
4.1.3.2. Market Share Comparison, By Region. 35
4.1.3.3. Y-o-Y growth Comparison, By Region. 36
4.1.4. Above 600 Kg Drone Market Size and Forecast, 2012-2022. 37
4.1.4.1. Revenue (US$ Mn) Comparison, By Region. 37
4.1.4.2. Market Share Comparison, By Region. 38
4.1.4.3. Y-o-Y growth Comparison, By Region. 39

Chapter 5. Global Drone Market Analysis and Forecast By Application. 40
5.1. Global Drone Market Size and Forecast by Application, 2012-2022. 40
5.1.1. Aerial Surveying & Photography Drone Market Size and Forecast, 2012-2022. 40
5.1.1.1. Revenue (US$ Mn) Comparison, By Region. 40
5.1.1.2. Market Share Comparison, By Region. 41
5.1.1.3. Y-o-Y growth Comparison, By Region. 42
5.1.2. Agriculture Drone Market Size and Forecast, 2012-2022. 43
5.1.2.1. Revenue (US$ Mn) Comparison, By Region. 43
5.1.2.2. Market Share Comparison, By Region. 44
5.1.2.3. Y-o-Y growth Comparison, By Region. 45
5.1.3. Construction Drone Market Size and Forecast, 2012-2022. 46
5.1.3.1. Revenue (US$ Mn) Comparison, By Region. 46
5.1.3.2. Market Share Comparison, By Region. 47
5.1.3.3. Y-o-Y growth Comparison, By Region. 48
5.1.4. Film and television Drone Market Size and Forecast, 2012-2022. 49
5.1.4.1. Revenue (US$ Mn) Comparison, By Region. 49
5.1.4.2. Market Share Comparison, By Region. 50
5.1.4.3. Y-o-Y growth Comparison, By Region. 51
5.1.5. Border Security Drone Market Size and Forecast, 2012-2022. 52
5.1.5.1. Revenue (US$ Mn) Comparison, By Region. 52
5.1.5.2. Market Share Comparison, By Region. 53
5.1.5.3. Y-o-Y growth Comparison, By Region. 54
5.1.6. Combat Operations Drone Market Size and Forecast, 2012-2022. 55
5.1.6.1. Revenue (US$ Mn) Comparison, By Region. 55
5.1.6.2. Market Share Comparison, By Region. 56
5.1.6.3. Y-o-Y growth Comparison, By Region. 57
5.1.7. Search and rescue Drone Market Size and Forecast, 2012-2022. 58
5.1.7.1. Revenue (US$ Mn) Comparison, By Region. 58
5.1.7.2. Market Share Comparison, By Region. 59
5.1.7.3. Y-o-Y growth Comparison, By Region. 60

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