Drone Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

The drone market is expected to showcase stellar growth with a CAGR of ~ 23.5% over the forecast period of 2019-2029 reveals the newest study by Fact.MR. The drone market is witnessing significant breakthroughs in the defense sector with drone technology targeted at providing precision based, guided missiles. The lethal combination of stealth capabilities and advanced video imaging is equipping the military in developed countries with drones that are capable of wreaking extensive damage on enemy territory. Emerging nations and war torn lands like Syria are improvising and using cost cutting strategies like the usage of cheap, commercial quadcopters fitted with improvised and low intensity bombs to be used in their military operations.

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The following insights and evaluations are worth knowing for any market participant, helping them in ascertaining the prevailing dynamics and the future trajectories of the Drone Market. They are a part of the estimations of the opportunities in various segments. The additional new opportunities have turned the Drone Market into a fragmented landscape with more entry-level players entering the market, thanks to low barriers for investments.

The research report published by Fact.MR on the Drone Market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the forecast period 2021 to 2031. The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues. The insights and analytics on the Drone Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.

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Regional analysis includes

North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
CIS & Russia
Japan
Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

The Report Covers Exhaustive Analysis On:

Market Segments
Market Dynamics
Market Size & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

The global Drone Market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.

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Competition Analysis of the Drone Market Landscape

The drone market is showing remarkable growth with leading players like DJI and Parrot striving for autonomy in all their drone features and functionalities. R&D and collaborative partnerships seem to be the key strategies of frontrunners in the drone market. DJI Technology Co. Ltd, a Chinese company continues to dominate the drone market landscape in every drone product category from software, drone aircrafts and payload. Its remarkably aggressive growth can be attributed to its innovative product development and partnerships within the enterprise channel.

For instance, in the year 2018, the company released two enterprise drone products known as Phantom 4 RTK and Mavic 2 Enterprise that target the industrial space. Their recent investment in a R&D facility in Palo Alto, California will further proliferate their growth in the drone market. Another key player is PrecisionHawk which has showcased its consolidation in the drone market in the year 2018 with its well-timed acquisition of Uplift Data Partners in a mere 5 to 9 months.

Uplift provides specialized and turnkey solutions in construction and real estate. Uplift’s commercially trained pilots will soon join PrecisionHawk’s drones that already has a network of more than 15000 pilots. This will allow PrecisionHawk to build scalability at a good speed in the drone market which is rapidly evolving. In building market leadership, acquisitions are a critical tool to allow companies to not only forge ahead but also to provide clients with a broad range of technologies.

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