Global Drone Market Size is Projected at a CAGR of 13.70% During the Forecast Period 2019 to 2025 - Valuates Reports


"Global Drone market size is expected to grow to USD 13.37 Billion by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 13.70%."

Drone or UAV (Unmanned Aerial Vehicles) are finding increasing application across the entertainment, farming, and energy sectors, which is expected to have a positive impact on market growth. Initially regarded as a military device, over the past few years, drones have established a significant presence in the business world.

Drone manufacturers and providers are developing custom-made industry-specific solutions to address their customers ' business needs effectively. Advances in drone technology have enabled producers to create a wide variety of designs in various dimensions, weights, and shapes that can carry distinct sensor payloads, making them helpful across a broad application base.

This report covers four main sections: competitor segment, product type segment, end-user / application segment, and geography segment. Furthermore, the report breaks down the drone market into three divisions(Small-scale, Medium-sized, Large) based on its type.

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    --  Ability to perform dangerous duties with greater accuracy and
        cost-effectiveness compared to standard techniques, such as inspection
        of utility pipelines
    --  Implementation of commercial drone services
    --  Formulation of regulatory policies for optimal use of drones and
        increasing awareness of UAVs


    --  North America accounted for the largest revenue of drone market share in
        2018 and is expected to continue to lead over the next six years as a
        result of favorable government initiatives, to advance drone technology
        coupled with growing business demand for drone-acquired data.
    --  It is anticipated that Asia Pacific will experience the fastest CAGR in
        the next six years in the drone market. Countries like Singapore,
        Thailand, Indonesia, China, Hong Kong, Japan, and Malaysia are
        increasingly embracing the drone technology across a wide range of
        industries to counteract rising labor costs.
    --  The greater effectiveness of drones relative to manual labor is
        anticipated to drive their acceptance across the area for specific
        duties, especially in the agricultural industry. Increasing political
        tensions among many Asian nations are expected to increase demand. This
        is because UAV provides a flexible way to attack and observe the enemy
        from any geographic area without being tracked. As a result, these UAV
        work in their RADAR to increase their effectiveness.
    --  Aerial photography in the Asia Pacific area is expected to be the most
        profitable use of drones. It accounted for a market share of more than
        30 percent. Drone market growth is credited with the increasing
        acceptance of drones for the purposes of aerial photography and imaging.
        The drones are widely being used for filming, videography, and
        photography in media & entertainment companies due to their
        cost-effectiveness, convenience, and ease of use.
    --  Demand for drones is anticipated to increase in the Middle East and
        Africa, especially in inventory management and tracking apps across the
        region's well-established oil and gas and utility sector. Also, drones
        for pipeline inspection and maintenance applications are increasingly
        being adopted by the regional oil and gas sector. Drone adoption is
        gaining momentum mainly within the medicine and agriculture sectors in
        the African nations.

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To provide a competitive edge, the global drone market report classifies the overall drone market into three segments

Segments in the Global Drone Market based on the type

    --  Small-scale
    --  Medium-sized
    --  Large

Segments in the Global Drone Market based on the End-User

    --  Mapping
    --  TV
    --  Other

Segments in the Global Drone Market based on the region

    --  North America
        --  United States
        --  Canada
        --  Mexico
    --  Asia-Pacific
        --  China
        --  India
        --  Japan
        --  South Korea
        --  Australia
        --  Indonesia
        --  Singapore
        --  Malaysia
        --  Philippines
        --  Thailand
        --  Vietnam
    --  Europe
        --  Germany
        --  France
        --  UK
        --  Italy
        --  Spain
    --  Russia
    --  Central & South America
        --  Brazil
        --  Rest of Central & South America
    --  Middle East & Africa
        --  GCC Countries
        --  Turkey
        --  Egypt
        --  South Africa

Consideration is also given to key countries in each region, such as the United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil, etc.


Some of the featured companies discussed in this report are,

    --  The Boeing Company
    --  General Atomics
    --  Lockheed Martin Corporation
    --  Northrop Grumman
    --  AeroVironment
    --  Prox Dynamics AS
    --  Denel Dynamics
    --  SAIC
    --  Israel Aerospace Industries
    --  Textron
    --  General Dynamics Corporation
    --  DJI
    --  Others

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In this report studies, players/brands, area, type, and implementation categorize the worldwide drone market. This study also looks at global market status, competitive landscape, market share, growth rate, future trends, market drivers, possibilities and difficulties, marketing channels, retailers, and Five Forces Analysis by Porter.

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