Global Drones Market Research Report – Forecast to 2028

Global Drones Market Research Report – Forecast to 2028

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Description

A drone is either functioned by an onboard computer, controlled autonomously, or remotely by a human pilot. The size of a drone varies from small sized ones driven by electric motors to the large sized ones powered by internal combustion engines. Recent drone technologies have transformed modern warfare. The potential usage of drones is already influencing many companies and industries to looking forward to increasing their investments in designing and development of drones. The possible applications of drones are numerous, such as passenger carriage, cargo transportation, agricultural, and industrial. Currently, there are a number of investments by companies, such as Airbus, Boeing, AeroVironment, Inc., and DJI, on the drone front, which would significantly propel the market growth. The growing demand for the development of electric drones, increasing use of UAVs in the commercial sector, no fuel emissions, and rising usage of drones for industrial applications are the key factors driving the global drones market.
Moreover, with the rapid developments in autonomous flight systems, batteries, and electric power, there has been a steep rise in the sale of drones.
Similarly, the opportunities in this market are the emergence of 3D-printed drones, the introduction of solar-powered drones, increasing need for border monitoring, and usage of drones in the energy sector. However, the growth of this market will be hampered due to the possibility of cyber-attacks, regulatory norms, and safety issues.
Furthermore, cargo drones and passenger drones have significant implications for transportation companies that are planning next-generation products. As drone adoption accelerates, the value will quickly shift from drone makers to the providers of drone-related services. This would significantly boost the global drones market growth.

Regional Analysis
The global drones market is estimated to witness 20.18% CAGR during the forecast period, 2018-2028. In 2018, the market was led by North America with 36.02% share, followed by Europe and Asia-Pacific with shares of 22.46% and 20.61%, respectively. Asia-Pacific is the fastest growing region for drones market. North America dominates the global market and is likely to grow remarkably in the front. The region leads the global market in terms of expenditure and technological advancements and has a large number of deployments of drones.
Moreover, the US generates very high demand for drones used for surveillance purposes. Although Canada made some considerable investments in the development of drones, the market is primarily dominated by the US, which is also the largest manufacturer of unmanned systems, globally. In addition, the sheer existence of key companies, such as AeroVironment, Inc., PrecisionHawk, and Uber Technologies Inc., combined with the availability of sophisticated technologies to deliver innovative solutions, enables this region to be a promising market.

Key Players
AeroVironment, Inc. (US), DJI (China), Parrot Drones SAS (France), PrecisionHawk (US), and 3D Robotics, Inc. (US) are developers of drones for commercial applications and Airbus S.E. (France), Boeing (US), General Atomics (US), and Lockheed Martin (US), Northrop Grumman Corporation (US), and Thales Group (France) are developers of drones for military applications, these are the key players profiled in this report. Airbus S.E., Lockheed Martin, and Northrop Grumman Corporation are the leading developers of drones for military applications and together accounted for nearly 50% of the market share in 2017. DJI, 3D Robotics, Inc., and PrecisionHawk are the leading developers of drones for commercial applications and together accounted for nearly 25% of the market share in 2017.

Objective of the Global Drones Market Report – Forecast to 2028
• To provide insights into factors influencing the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on type, aircraft-type, end-user, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market

Target Audience
• Manufacturers of avionics system
• Original Equipment Manufacturers (OEM)
• Camera and other payload device providers
• Battery and related component providers
• Providers of raw materials and equipment for drones
• Commercial end-users
• Military end-users
• Government and Regulatory Authorities

Key Findings
• The global drones market in this report has been segmented on the basis of type into two segments, namely fixed-wing and multi-rotor. The fixed-wing segment market is projected to register the highest CAGR of 21.54% during the forecast period.
• The global drones market has been segmented, by capacity, into up to 100 kg and over 100 kg. The over 100 kg segment market is projected to register the highest CAGR of 24.98% during the forecast period.
• The global drones market in this report has been segmented on the basis of application into two segments, namely military and commercial. The commercial segment market is projected to register the highest CAGR of 22.24% during the forecast period.
• The global drones market in this report has been segmented on the basis of component into four segments, namely airframe, payload, guidance navigation & control, and propulsion system. The payload segment market is projected to register the highest CAGR of 24.13% during the forecast period.
• North America would dominate the drones market by 2028. It is expected to register a CAGR of 20.53% during the forecast period. It is expected to reach a market size of USD 48,092.3 million by 2028.

The regional analysis also includes:
• North America
o US
o Canada
• Europe
o Germany
o UK
o Russia
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o South Korea
o India
o Australia
o Rest of Asia-Pacific
• Middle East & Africa
o UAE
o Saudi Arabia
o Israel
o Rest of Middle East & Africa
• Latin America
o Brazil
o Mexico
o Rest of Latin America

Additional information

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Geography Covered

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Table of Contents

1 Executive Summary 2 Market Introduction 2.1 Definition 2.2 Scope of the Study 2.3 List of Assumptions 2.4 Market Structure 2.5 Key Takeaways 2.6 Key Buying Criteria 3 Research Methodology 3.1 Research Process 3.2 Primary Research 3.3 Secondary Research 3.4 Market Size Estimation 3.5 Forecast Model 4 Market Dynamics 4.1 Introduction 4.2 Drivers 4.2.1 Development of Electric Drones 4.2.2 Increasing Use of UAVs in Commercial Sector 4.2.3 No Fuel Emissions 4.2.4 Rising Usage of Drones for Industrial Applications 4.3 Restraints 4.3.1 Issues Associated with Data Processing 4.3.2 Limited Flight Range & Endurance 4.4 Opportunities 4.4.1 3D-Printed Drones 4.4.2 Introduction of Solar Powered Drones 4.4.3 Usage of Drones in the Energy Sector 4.4.4 Increasing need for border monitoring 4.5 Challenges 4.5.1 Prone to Cyber Attacks 4.5.2 Regulatory Norms & Safety Issues 5 Market Factor Analysis 5.1 Supply Chain 5.2 Porter’s Five Forces Model 5.2.1 Threat of New Entrants 5.2.2 Bargaining Power of Suppliers 5.2.3 Bargaining Power of Buyers 5.2.4 Threat of Substitutes 5.2.5 Intensity of Rivalry 6 Global Drones Market, By Type 6.1 Overview 6.1.1 Fixed-Wing 6.1.2 Multi Rotor 7 Global Drones Market, By Capacity 7.1 Overview 7.1.1 Up to 100 kg 7.1.2 Over 100 kg 8 Global Drones Market, By Application 8.1 Overview 8.2 Military Drones 8.2.1 Surveillance 8.2.2 Emergency Communications 8.2.3 Combat Operations 8.2.4 Search & Rescue 8.2.5 Others 8.3 Commercial Drones 8.3.1 Purpose 8.3.1.1 Mapping & Surveying 8.3.1.2 Climate & Pollution Monitoring 8.3.1.3 Filmmaking & Photography 8.3.1.4 Cargo Transportation 8.3.1.5 Passenger Carriage 8.3.1.6 Others 8.3.2 Agriculture 8.3.2.1 Field Mapping 8.3.2.2 Crop Scouting 8.3.2.3 Crop Spraying 8.3.2.4 Agricultural Photography 8.3.2.5 Precise Agriculture Management 8.3.2.6 Agriculture Insurance Inspection 8.3.2.7 Others 8.3.3 Industry 8.3.3.1 Construction 8.3.3.2 Oil & Gas 8.3.3.3 Mining 8.3.3.4 Logistics 8.3.3.5 Aviation 8.3.3.6 Telecom 8.3.3.7 Others 9 Global Drones Market, By Component 9.1 Overview 9.1.1 Airframe 9.1.2 Payload 9.1.3 Guidance Navigation & Control 9.1.4 Propulsion System 10 Global Drones Market, By Region 10.1 Overview 10.2 North America 10.2.1 US 10.2.1.1 US by Type 10.2.1.2 US by Capacity 10.2.1.3 US by Application 10.2.1.3.1 US by Commercial Application 10.2.1.4 US by Component 10.2.2 Canada 10.2.2.1 Canada by Type 10.2.2.2 Canada by Capacity 10.2.2.3 Canada by Application 10.2.2.3.1 Canada by Commercial Application 10.2.2.4 Canada by Component 10.3 Europe 10.3.1 Germany 10.3.1.1 Germany by Type 10.3.1.2 Germany by Capacity 10.3.1.3 Germany by Application 10.3.1.3.1 Germany by Commercial Application 10.3.1.4 Germany by Component 10.3.2 UK 10.3.2.1 UK by Type 10.3.2.2 UK by Capacity 10.3.2.3 UK by Application 10.3.2.3.1 UK by Commercial Application 10.3.2.4 U.K by Component 10.3.3 Russia 10.3.3.1 Russia by Type 10.3.3.2 Russia by Capacity 10.3.3.3 Russia by Application 10.3.3.3.1 Russia by Commercial Application 10.3.3.4 Russia by Component 10.3.4 France 10.3.4.1 France by Type 10.3.4.2 France by Capacity 10.3.4.3 France by Application 10.3.4.3.1 France by Commercial Application 10.3.4.4 France by Component 10.3.5 Italy 10.3.5.1 Italy by Type 10.3.5.2 Italy by Capacity 10.3.5.3 Italy by Application 10.3.5.3.1 Italy by Commercial Application 10.3.5.4 Italy by Component 10.3.6 Rest of Europe 10.3.6.1 Rest of Europe by Type 10.3.6.2 Rest of Europe by Capacity 10.3.6.3 Rest of Europe by Application 10.3.6.3.1 Rest of Europe by Commercial Application 10.3.6.4 Rest of Europe by Component 10.4 Asia-Pacific 10.4.1 China 10.4.1.1 China by Type 10.4.1.2 China by Capacity 10.4.1.3 China by Application 10.4.1.3.1 China by Commercial Application 10.4.1.4 China by Component 10.4.2 Japan 10.4.2.1 Japan by Type 10.4.2.2 Japan by Capacity 10.4.2.3 Japan by Application 10.4.2.3.1 Japan by Commercial Application 10.4.2.4 Japan by Component 10.4.3 South Korea 10.4.3.1 South Korea by Type 10.4.3.2 South Korea by Capacity 10.4.3.3 South Korea by Application 10.4.3.3.1 South Korea by Commercial Application 10.4.3.4 South Korea by Component 10.4.4 India 10.4.4.1 India by Type 10.4.4.2 India by Capacity 10.4.4.3 India by Application 10.4.4.3.1 India by Commercial Application 10.4.4.4 India by Component 10.4.5 Australia 10.4.5.1 Australia by Type 10.4.5.2 Australia by Capacity 10.4.5.3 Australia by Application 10.4.5.3.1 Australia by Commercial Application 10.4.5.4 Australia by Component 10.4.6 Rest of Asia-Pacific 10.4.6.1 Rest of Asia-Pacific by Type 10.4.6.2 Rest of Asia-Pacific by Capacity 10.4.6.3 Rest of Asia-Pacific by Application 10.4.6.3.1 Rest of Asia-Pacific by Commercial Application 10.4.6.4 Rest of Asia-Pacific by Component 10.5 Middle East & Africa 10.5.1 UAE 10.5.1.1 UAE by Type 10.5.1.2 UAE by Capacity 10.5.1.3 UAE by Application 10.5.1.3.1 UAE by Commercial Application 10.5.1.4 UAE by Component 10.5.2 Saudi Arabia 10.5.2.1 Saudi Arabia by Type 10.5.2.2 Saudi Arabia by Capacity 10.5.2.3 Saudi Arabia by Application 10.5.2.3.1 Saudi Arabia by Commercial Application 10.5.2.4 Saudi Arabia by Component 10.5.3 Israel 10.5.3.1 Israel by Type 10.5.3.2 Israel by Capacity 10.5.3.3 Israel by Application 10.5.3.3.1 Israel by Commercial Application 10.5.3.4 Israel by Component 10.5.4 Rest of Middle East & Africa 10.5.4.1 Rest of Middle East & Africa by Type 10.5.4.2 Rest of Middle East & Africa by Capacity 10.5.4.3 Rest of Middle East & Africa by Application 10.5.4.3.1 Rest of Middle East & Africa by Commercial Application 10.5.4.4 Rest of Middle East & Africa by Component 10.6 Latin America 10.6.1 Brazil 10.6.1.1 Brazil by Type 10.6.1.2 Brazil by Capacity 10.6.1.3 Brazil by Application 10.6.1.3.1 Brazil by Commercial Application 10.6.1.4 Brazil by Component 10.6.2 Mexico 10.6.2.1 Mexico by Type 10.6.2.2 Mexico by Capacity 10.6.2.3 Mexico by Application 10.6.2.3.1 Mexico by Commercial Application 10.6.2.4 Mexico by Component 10.6.3 Rest of Latin America 10.6.3.1 Rest of Latin America by Type 10.6.3.2 Rest of Latin America by Capacity 10.6.3.3 Rest of Latin America by Application 10.6.3.3.1 Rest of Latin America by Commercial Application 10.6.3.4 Rest of Latin America by Component 11 Competitive Landscape 11.1 Competitive Scenario 11.2 Market Share Analysis 11.3 Mergers & Acquisitions 12 Company Profiles 12.1 Developers of Drones for Commercial Applications 12.1.1 AeroVironment, Inc. 12.1.1.1 Company Overview 12.1.1.2 Financial Overview 12.1.1.3 Product Offerings 12.1.1.4 Key Developments 12.1.1.5 SWOT Analysis 12.1.1.6 Key Strategy 12.1.2 DJI 12.1.2.1 Company Overview 12.1.2.2 Financial Overview 12.1.2.3 Product Offerings 12.1.2.4 Key Developments 12.1.2.5 SWOT Analysis 12.1.2.6 Key Strategy 12.1.3 Parrot Drones SAS 12.1.3.1 Company Overview 12.1.3.2 Financial Overview 12.1.3.3 Product Offerings 12.1.3.4 Key Developments 12.1.3.5 SWOT Analysis 12.1.3.6 Key Strategy 12.1.4 PrecisionHawk 12.1.4.1 Company Overview 12.1.4.2 Financial Overview 12.1.4.3 Product Offerings 12.1.4.4 Key Developments 12.1.4.5 SWOT Analysis 12.1.4.6 Key Strategy 12.1.5 3D Robotics, Inc. 12.1.5.1 Company Overview 12.1.5.2 Financial Overview 12.1.5.3 Product Offerings 12.1.5.4 Key Developments 12.1.5.5 SWOT Analysis 12.1.5.6 Key Strategy 12.2 Developers of Drones for Military Applications 12.2.1 Airbus S.E. 12.2.1.1 Company Overview 12.2.1.2 Financial Overview 12.2.1.3 Product Offerings 12.2.1.4 Key Developments 12.2.1.5 SWOT Analysis 12.2.1.6 Key Strategy 12.2.2 Boeing 12.2.2.1 Company Overview 12.2.2.2 Financial Overview 12.2.2.3 Products Offerings 12.2.2.4 Key Developments 12.2.2.5 SWOT Analysis 12.2.2.6 Key Strategy 12.2.3 General Atomics 12.2.3.1 Company Overview 12.2.3.2 Financial Overview 12.2.3.3 Product Offerings 12.2.3.4 Key Developments 12.2.3.5 SWOT Analysis 12.2.3.6 Key Strategy 12.2.4 Lockheed Martin 12.2.4.1 Company Overview 12.2.4.2 Financial Overview 12.2.4.3 Products Offerings 12.2.4.4 Key Developments 12.2.4.5 SWOT Analysis 12.2.4.6 Key Strategy 12.2.5 Northrop Grumman Corporation 12.2.5.1 Company Overview 12.2.5.2 Financial Overview 12.2.5.3 Products Offerings 12.2.5.4 Key Developments 12.2.5.5 SWOT Analysis 12.2.5.6 Key Strategy 12.2.6 Thales Group 12.2.6.1 Company Overview 12.2.6.2 Financial Overview 12.2.6.3 Product Offerings 12.2.6.4 Key Developments 12.2.6.5 SWOT Analysis 12.2.6.6 Key Strategy 13 Conclusion 14 Appendix 14.1 References

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