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8K Drone Industry Is Expected To Progress at a CAGR of 17.1% To Reach US$ 2,793.9 Million by 2033

01-23-2023 09:04 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: fact.mr

8K Drones

8K Drones

The global 8K drone market will reach a valuation of US$ 576.3 million in 2023 and expected to progress at a CAGR of 17.1% to reach US$ 2,793.9 million by the end of 2033.

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In 2023, the global drone market will be valued around US$ 33.9 billion, while the drone market is projected to grow at 17.6% CAGR. 8K drone is one of the leading technologies which is disrupting the market with its top-notch camera attributes. However, the 8K drones are still in the nascent phase, thereby sales of 8K drone accounted for nearly 2% share of the global drone market in 2022.

Competitive Landscape

There are numerous large and small market players in the 8K drone market, which is differentiated. Therefore, producers must distinguish their products using cutting-edge technology and distinctive items in order to prosper in such a competitive climate. In order to maintain market positions in this highly competitive environment, product prices may need to be reduced, which could negatively impact manufacturers profit margins.

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Key Companies Profiled:

• Adapa 360
• Autel Robotics
• Boxfish Research
• DJI
• Yangda

"Drones are being used extensively in the military and law enforcement sectors Will Driving the Industry's Strong Growth to 8K Drones"

In the military, drones are used for surveillance, reconnaissance, and intelligence gathering. They are also used for target acquisition and destruction, as well as for search and rescue operations. In law enforcement, drones are used for surveillance, crowd monitoring, and search and rescue operations. They can also be used to monitor traffic and provide aerial support during emergency situations. Drones are also being used to deliver medical supplies to remote areas.

The use of drones in the military and law enforcement sectors is driving the industry's strong growth. This growth is being driven by increasing demand from the military and law enforcement sectors, as well as from commercial applications such as agriculture, media and entertainment, and infrastructure inspection. The increasing availability of advanced technologies such as artificial intelligence (AI) and machine learning (ML) is also driving the growth of the drone market.

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Key Segments:

• By Drone Type :

o Consumer / Civil
o Commercial
o Military

• By Camera Resolution :

o 20 MP
o 48 MP

• By Application :

o Filming & Photography
o Inspection & Maintenance
o Mapping & Surveying
o Precision Agriculture
o Surveillance & Monitoring
o Others

• By End Use Industry :

o Agriculture & Forestry
o Delivery & Logistics
o Media & Entertainment
o Security & Law Enforcement
o Recreational Activity
o Others

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

Explore Fact.MR's More Insights on the Automotive Domain

Automotive Radars Market: https://www.prnewswire.com/news-releases/automotive-radars-get-a-touch-of-ai-report-301257488.html

Automotive Towbar Market: https://www.prnewswire.com/news-releases/automotive-towbar-deployment-in-luxury-passenger-cars-to-increase-by-3-through-2031-301357998.html

Table of Content

1. Global Market - Executive Summary

2. Market Overview

2.1. Market Definition and Introduction

2.2. Market Taxonomy/ Research Scope

3. Market Background and Foundation Data

3.1. Drone Industry - In a Nutshell

3.1.1. Drone Shipment - Key Statistics, by Country

3.1.2. Country wise Drone Registration Statistics

4. Global Demand (Units) Analysis and Forecast

4.1. Historical Market Volume (Units) Analysis, 2018-2022

4.2. Current and Future Market Volume (Units) Projections, 2023-2033

5. Global Market - Pricing Analysis

5.1. Material Category and Country-Level Pricing Analysis

5.2. Global Average Pricing Analysis Benchmark

6. Global Market Value (US$ Mn) Analysis and Forecast

6.1. Historical Market Value (US$ Mn) Analysis, 2018-2022

6.2. Current and Future Market Value (US$ Mn) Projections, 2023-2033

7. Global Market Analysis and Forecast, by Drone Type

7.1. Introduction / Key Findings

7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Drone Type, 2018-2022

TOC Contd…..

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