Drones

The global market for Unmanned Traffic Management (UTM)is projected to reach US$1.5 billion by 2025, driven by the growing use of UAVs in the commercial and industrial sectors and the resulting risk of overcrowding of the skies. UAVs forecast to be the most dynamic growth sector of the global aerospace industry. This expanding use of unmanned systems is due to advances in technology and reductions in size, risks, and costs that remotely operated systems offer. With new commercial applications emerging at rapid rates, commercial drones are forecast to witness massive increase in sales and registration. Benefits offered by drone to businesses include greater efficiency of operations; reduced costs; ability to handle risky operations without human interventions; ability to collect, retrieve and interpret data with unmatched accuracy and speed and continues innovation in advanced capabilitie..

The World is in the Age of Drones & Automation. UAV Ground Control Station Market to Reach $850.4 Million The global market for UAV Ground Control Station is projected to reach US$850.4million by the year 2027, trailing a post COVID-19 CAGR of 5.5% over the analysis period 2020 to 2027. Drone usage worldwide is increasing rapidly supported by the emerging age of autonomy & artificial intelligence. From remote monitoring to non-contact disinfection & delivery of healthcare supplies, drone technology has provided its salt amidst the pandemic. The U.S. is the world's largest user of military & commercial and is expected to account for over 40% UAVs sold worldwide during the period 2020 to 2027. Asia & Europe follow behind accounting for shares of 30% & 24% of global drone sales. The healthy outlook for drones throws the focus on drone communication & traffic management systems including U..

The global market for Drone Identification Systems is projected to reach US$45.4 billion by 2025, driven by the growing need for new rules, safety and security protocols as drones begin to swarm the modern skies. The era of small flying objects is close at hand with commercial applications of drones gaining new ground and momentum. Few of the emerging applications for commercial drone include use of drones for generating video tours for customers in real estate; drone based surveillance; drones for environmental monitoring; drones for oil & gas pipeline inspections; agricultural drones for crop spraying; drone based same-day delivery of e-commerce orders; drones for land surveying, search and rescue; drones for emergency response services; and drones for road construction and other infrastructure projects. Few of the factors helping make these applications a commercial reality include de..

The global market for Agriculture Drones is projected to reach US$5.7 billion by 2025, driven by the growing use of technology to enhance agricultural productivity. Several factors are responsible for the growing focus shed on crop productivity and yields. Global population growth, for instance, is exerting pressure on resources especially food. Already millions of people worldwide are experiencing the effects of food insecurity such as physical and economic access to adequate and healthy food; increase in malnutrition; inability to afford nutritious food; dietary inadequacy and inability to lead productive and healthy life. Rise in global food and oil prices are additionally making food availability unequal among the layers of the society and communities. Availability of arable land has also been declining over the decades causing stress on food production. Factors for diminishing perce..

Global Personal Drones Market to Reach $19.1 Billion by 2027Amid the COVID-19 crisis, the global market for Personal Drones estimated at US$3.9 Billion in the year 2020, is projected to reach a revised size of US$19.1 Billion by 2027, growing at a CAGR of 25.4% over the period 2020-2027. The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 24.8% CAGRThe Personal Drones market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 24.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.8% and 21.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.8% CAGR.Segments covered: Segm..

Global Drone Data Services Market to Reach $9.6 Billion by 2027Amid the COVID-19 crisis, the global market for Drone Data Services estimated at US$520.7 Million in the year 2020, is projected to reach a revised size of US$9.6 Billion by 2027, growing at a CAGR of 51.7% over the analysis period 2020-2027. Mapping & Surveying, one of the segments analyzed in the report, is projected to record a 55.2% CAGR and reach US$4.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Photogrammetry segment is readjusted to a revised 51.3% CAGR for the next 7-year period.The U.S. Market is Estimated at $158.7 Million, While China is Forecast to Grow at 49% CAGRThe Drone Data Services market in the U.S. is estimated at US$158.7 Million in the year 2020. China, the world`s second largest economy,..

Global Drone Package Delivery Market to Reach $4.6 Billion by 2027Amid the COVID-19 crisis, the global market for Drone Package Delivery estimated at US$462.3 Million in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at aCAGR of 38.8% over the period 2020-2027. Short Duration (Below 30 Minutes), one of the segments analyzed in the report, is projected to record 37.7% CAGR and reach US$2.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Long Duration (30 Minutes & Above) segment is readjusted to a revised 40.4% CAGR for the next 7-year period.The U.S. Market is Estimated at $139.8 Million, While China is Forecast to Grow at 36.7% CAGRThe Drone Package Delivery market in the U.S. is estimated at US$139.8 Million in the year 2020. China, th..

Global Military Drones Market to Reach $30 Billion by 2027Amid the COVID-19 crisis, the global market for Military Drones estimated at US$14.8 Billion in the year 2020, is projected to reach a revised size of US$30 Billion by 2027, growing at a CAGR of 10.6% over the analysis period 2020-2027. Fixed-Wing, one of the segments analyzed in the report, is projected to record a 10% CAGR and reach US$11.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rotary-Wing segment is readjusted to a revised 11.6% CAGR for the next 7-year period.The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 13.8% CAGRThe Military Drones market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected m..