Tethered Drones Market is expected to reach approximately USD 557 MN in Size, Share and Market Value, By analyzing Top Industry Key Players like CyPhy Works, Drone Aviation, Hoverfly Technologies, Elistair, Sky Technologies, UAVTEK, Azur Drones, Yuneec

The Global Tethered Drones Market Is Expected To Reach Approximately USD 557 MN By The End Of 2023, Growing At A CAGR Of Approximately 40% During The Forecast Period Of 2018-2023

Tethered Drones Market Overview:

The term tethered drones refer to drones that are equipped with a tether station that doubles as a power supply for the drone to maintain aerial stability. These tethered drone systems are fully automated from take-off to landing and provide continuous aerial coverage over large areas for law enforcement, public safety, private security, military uses, and crisis monitoring.
With a tether attached, tethered drones can move easily for days together along with the station it’s attached to, instead of a remote-controlled operation. This allows the tethered drones to cover a wide range of moving objects and increase their surveillance capabilities and uses.

Considering the increasing application areas of tethered drones over the past few years, the Global Tethered Drones Market is expected to reach approximately USD 557 MN by the end of 2023, growing at a CAGR of approximately 40% during the forecast period of 2018-2023. In the year 2017, the market was valued at USD 74 MN.

In addition to the increasing uses, other factors that support the market growth include increasing demand for drones for public safety and rapid technological advancements. However, factors such as lack of technical expertise among users hamper the market growth of tethered drones, restricting its functionality.

Tethered Drones Market Key Players:

Some of the market leaders profiled in the report are:

CyPhy Works (US), Drone Aviation (US), Hoverfly Technologies (US), Elistair (France), Sky Technologies (US), UAVTEK (UK), Azur Drones (France), Yuneec (China), Novadem (France), and ECA Group (France) among others.

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Tethered Drones Industry Segments

The Global Tethered Drones Market has been segmented on the basis of type, component, application, and region. By type, the market is segmented into military drones and commercial drones. The military drones is the largest segment whereas the commercial drones is the fastest growing segment.
By components, the market is segmented into sensors, controller system, camera, battery, and others. Among these, sensor is the largest segment and controller system is the fastest growing segment.

By application, the market is segmented into inspection and monitoring, law enforcement, surveying, mapping, and others. Among these, monitoring is the largest segment and mapping is the fastest growing segment. By region, the market is segmented into the Americas, Europe, Asia-Pacific, and Middle East & Africa.

Global Tethered Drones Market by Type

• Military Drones
• Commercial Drones
Global Tethered Drones Market by Component
• Sensor
• Controller system
• Camera
• Battery
• Others
Global Tethered Drones Market by Application
• Inspection & Monitoring
• Law Enforcement
• Surveying
• Mapping
• Others
Global Tethered Drones Market by Region
• Americas
• Europe
• Asia Pacific
• Middle East & Africa
• Rest of Middle East & Africa

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