According to IMARC Group’s latest report, titled “Drones Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026,” the global drones market size to continue its strong growth during the next five years.
A drone, also known as unmanned aerial vehicle (UAV), is an unpiloted flying robot controlled by self-automation software. It utilizes Lithium-ion batteries, hybrid cells, cameras, rotors, propellers, altimeters, and controllers, to communicate through radio waves. The drone frame is mainly produced from lightweight materials to allow easy maneuverability during the flight. Drones are widely used across several industries, including construction, agriculture, military, healthcare, etc. Several defense applications of drones include anti-aircraft target practice, intelligence gathering, and warzone surveillance.
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Various enhancements in situational awareness in the military and defense sector are driving the market for drones. They are extensively being deployed with geographic information systems (GIS), mapping services, light detection, and ranging systems, thereby propelling the market growth. Drones are also used for surveying, providing reliable topographic updates, enhancing safety, and preventing hazardous situations in the construction sector. The market is also catalyzed by the introduction of advanced models with thermal sensors and night vision cameras for several commercial applications. The increasing adoption of drones in the healthcare industry for faster delivery of vaccines, medical supplies, and drugs is anticipated to fuel the growth of the drones market.
Drones Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 3D Robotics
- AeroVironment Inc
- Birdseyeview Aerobotics Inc.
- Delair SAS
- DroneDeploy Inc
- Intel Corporation
- Parrort SA
- Precisionhawk Inc.
- SZ DJI Technology Co. Ltd. (iFlight Technology Co. Ltd.)
- Terra Drone Corporation
- The Boeing Company
The report has segmented the market on the basis of type, component, payload, point of sale, end-use industry and region.
Breakup by Type:
- Fixed Wing
- Rotary Wing
Breakup by Component:
Breakup by Payload:
- <25 Kilograms
- 25-170 Kilograms
- >170 Kilograms
Breakup by Point of Sale:
- Original Equipment Manufacturers (OEM)
Breakup by End-Use Industry:
- Military and Defense
- Law Enforcement
- Media and Entertainment
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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