3DR Ranked Highest in Customer Satisfaction for Flying Time in 2017: TechSci Research Survey

Increasing use of drones in commercial as well as military applications coupled with amendments in the policy & regulatory framework regarding the use of drones to boost the global drone market through 2022

According to TechSci Research report, “Global Drone Market By Type, By Segment, By Application, By Payload, By Region, Competition Forecast & Opportunities, 2012–2022”, the global drone market is forecast to cross $ 16.7 billion by 2022. Major demand for drones from military and commercial applications is likely to boost the global drone market in the coming years. Other factors like amendments in the policy and regulatory framework for drones coupled with upcoming technological advancements is further expected to boost drone sales across the globe over the course of next five years.

According to the consumer survey conducted by TechSci, 3D Robotics was ranked highest in customer satisfaction for Flying Time in 2017. The company has strengthened its position with innovative products like Solo with 3-Axis Gimbal, Tarot T-2D Gimbal and IRIS+. The company has also recently integrated its Site Scan Drone Platform with Autodesk which is helping them capture the market share and lead the race for commercial Drones business.

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On the basis of types, global drone market is segmented into TUAV, MALE, HALE, VTOL and Fixed Wings. With more than one-third of the market share in 2016, the tactical UAV segment dominated the global drone market, followed by the Medium-Altitude Long-Endurance (MALE) UAVs, and High-Altitude Long-Endurance (HALE) UAVs.

Due to the vast usage in surveillance and missions, there is a large demand for drones from the military segment. In commercial drone market, mapping, surveying & photography application, account for the largest share in the global drone market, and the segment is further expected to dominate during the forecast period as well. North America is the dominating region in the global drone market and is anticipated to continue to hold its leadership position on account of lenient regulatory framework and surging usage of UAVs for military purposes in the region. DJI, 3DR, Aerovironment, General Atomics ad Honeywell are among the major players operating in the global drone market. In 2016, DJI and General Atomics were the market leaders in commercial drone and military drone segments, respectively. These companies emerged as the market leaders due to their widespread distribution networks in various countries across the globe, which is expected to further strengthen their market position in the coming years.

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“With increasing use of drones/UAVs in commercial and military applications and improvisation of policy and regulatory framework, the global drone market would become more lucrative in the coming years. Furthermore, advancements in technology to improve the efficiency and endurance of UAVs in order to increase their usage in various applications, is likely to positively influence the global drone market in the coming years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Drone Market By Type, By Segment, By Application, By Payload, By Region, Competition Forecast & Opportunities, 2012–2022” has analyzed the potential of drone market, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the global drone market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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