Electric Drones Market Is Expected To Grow At A CAGR Of 10% By 2023

Market Highlights:
The growing demand for surveillance drones and the rapidly increasing application of electric drones in spy missions are the primary factors that drive the electric drone market. These unmanned vehicles aid in providing modernized, digital communication formats that are more secure and reliable. Also, these vehicles are equipped with payloads such as electro-optical/infrared sensors, camera, global positioning system (GPS), and electronic intelligence, which help in rapidly modernizing their communications equipment.

With a number of revenue streams opening up in this market as a result of the rapidly increasing commercial applications such as aerial photography, agriculture, wildlife protection, and 3D mapping, the global electric drone market is poised for a rapid and momentous growth, in the near future. As a result, it is expected that the global electric drone market value would surpass USD in billion, by 2023, growing at a CAGR of more than 10%, during the forecast period.

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Global Electric Drone Market:
Electric drones are being used for various functions in the military, apart from the recreational, scientific, and agricultural applications. With the increasing surveillance applications of the electric drones, their usage in military operations, is expected to increase significantly, during the forecast period. Furthermore, these drones are increasingly being used for commercial and recreational purposes, and the manufacturers are rapidly changing their marketing strategies in order to attract more customers as well as they are focusing on the development of more consumer friendly electric drones.

Company Analysis:
The key players of the global electric drones market are AgEagle (U.S.), Agribotix (U.S.) , Airinov (France), Festo(Germnay), Gamaya (Switzerland), Headwall (U.S.), LeddarTech(Quebec), MicaSense(U.S.), Novariant(U.S.), Parrot(France), senseFly (Switzerland), Shadow Robotics (U.K.), Trimble (U.S.), URSULA Agriculture (U.K,) , Yanmar (Japan) , and Yara (Norwat).. In 2016, these players accounted for % share of the global market.

Market Research Analysis:
The growing demand for surveillance drones and the rapidly increasing application of electric drones in spy missions are the primary factors that drive the electric drone market. These unmanned vehicles aid in providing modernized, digital communication formats that are more secure and reliable. Also, these vehicles are equipped with payloads such as electro-optical/infrared sensors, camera, global positioning system (GPS), and electronic intelligence, which help in rapidly modernizing their communications equipment.
North America is expected to be the largest market by 2023, primarily due to the presence of established market players in this region. Over the years, extensive investments by the government and defense authorities in the North American region, has resulted in development of small, lightweight, and efficient electric drones, with relatively increased ranges. Therefore, it is expected that the North American region would account for a shareof the global market, by 2023.

Brief TOC:
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
Continue…

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global electric drone market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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