“Drone
Market: Global Demand, Growth Analysis & Opportunity Outlook 2023”
The global drones market is
segmented into product type such as military drones and commercial drones.
Among these segments, commercial drones segment is expected to be the fastest
growing segment in the global drones market. The rise in the commercial drones
market is backed by rapid emergence of new commercial applications of drones.
Moreover, adoption of commercial drones in media & entertainment industries,
and for law enforcement purposes and other industries is a key factor which is
fostering the growth of this segment.
Global drones market is
expected to register a CAGR of 18.2% over the forecast period. Moreover, the global drones market is expected to reach at notable revenue of
USD 25.0 Billion by the end of 2023. The market is expected to expand on the
back of increasing military expenditure and consumer’s inclination towards
advanced technologies across the globe.
The military segment by
application is likely to grow at a considerable pace during the forecast period.
Increasing terrorism incidents across the globe has led military to adopt
advanced drones for various applications such as searching and rescuing, spying
and other military tasks.
Growing adoption of
drones in E-commerce and Retail industries
Growing adoption of drones to deliver products to
customers in minimum time is one of the considerable commercial applications of
the drones. Retail and E-commerce industries are looking forward to adoption drones
to deliver products in less time and in better conditions to their customers.
Further, growing demand for commercial drones in retail and E-commerce
industries is predicted to spur the growth of global drones market in near
future.
Growing military
expenditures
Governments of various
countries are increasing their defense budgets in order to strengthen their
defense power. Increasing terrorism activities across the globe and rising
tension between neighboring countries are some major factors which are forcing
governments to adopt advanced technologies such as drones in order to
strengthen security at their national and international borders. Rising
adoption of drones by military is envisioned to bolster the growth of global
drones market during the forecast period.
However, government regulation
regarding the violation of privacy police is likely to decrease the sales of commercial
drones which in turn is anticipated to hinder the growth of the global drones
market in the near future.
The
report titled “Drone
Market : Global Demand, Growth Analysis & Opportunity Outlook 2023” delivers detailed overview of
the global drones market in terms of market segmentation by product type, by
payload, by component, by application and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global drones market
which includes company profiling of AeroVironment
Inc., 3D Robotics Inc., AgEagle Aerial Systems Inc., Agribotix LLC, Airware,
DJI Innovations, HoneyComb Corp., Precision Hawk Inc., senseFly, Skycatch Inc.
The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global drones
market that will help industry consultants, equipment manufacturers, existing
players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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