Drones Market 2018: Global Growth Analysis and Forecast 2025
Drones are revolutionizing many
industries owing to their unique aerial view, which assist in making 3D maps,
high-quality photographs & videos, live streaming, infrastructure
development survey and surveillance & security management. This unique
aerial view is used in military, media & entertainment, real estate,
agriculture, and government, thus driving the growth of the drones market. Technological
advancements in drones may give companies unparalleled benefits. For instance,
drones integration with the Internet of Things is expected to showcase new
business opportunity in the forthcoming years. Due to which, the industry is
anticipated to grow in coming years.
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The global drones market has been
segmented by different types, applications, vertical and geography. The
segments have been further divided into sub-divisions like type segment
includes multicolor, fixed wing, single rotor helicopter and fixed wing hybrid.
The sub-divisions of application segment includes search & security,
surveying & mapping, aerial photography & video and carriers. On the
basis of vertical global drones market is sub divided as logistics & supply
chain, agriculture, real estate & construction, media & construction
and military& government. Finally, geographical segmentation covers key
regions involved in the market like North America, Europe, Asia Pacific,
Central & South America and Middle East & Africa.
Rising number of drones for
commercial purposes may eventually upturn the air traffic, owing to which
aviation department of U.S. and India have led down strict rules with regards
to its weight caring capacity with respect to altitude of drones. Major players
in global drones industry include Parrot Drones SAS, Aeryon Labs Inc., 3D
Robotics, Inc, Drones Deploy, Dragonfly Innovations Inc. and others. Mergers
and acquisition will be a strategy adopted by the players to maximize the
global drone market share. For instance, Parrot Drones SAS acquired few
companies, such as sense Fly SA, MicaSense, and Pix4D. Growing drones market
has attracted new players to enter in the global drones industry. For instance,
in October 2017, Boeing, an aircraft manufacture company acquired Aurora Flight
Sciences, the acquisition aims to develop drones with carrying capacity of up
to 200 kilos.
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Drone is a term used to describe
unmanned aerial vehicles (UAV) or an aircraft without a pilot in space. The
Drones is made up of light weight material, which helps in reducing its weight.
The drone’s controller is made up of electronic chipset and sensors. The drones
and the controller are connected to each other through a Global Positioning
System (GPS). Earlier, drones were restricted only to military applications
such as surveillance but, owing to its increasing application it is now widely
adopted by other sectors for instance, Amazon.com, Inc., an e-commerce company
used drones to deliver products improving their delivery operations.
Drones assist in providing the
last mile delivery to the end-user in an optimized way. Owing to which, the
drones are widely adopted in logistics application. Apart from providing
optimization, these drones also assist in reducing cost, which is another key
parameter driving the growth of drones market in logistics & supply chain
industry. For instance UPS, a courier service company is using drones to
deliver the package in residential areas.
Being hustle free, drones are
making on time deliveries of life saving medications. Due to which drones are
now being deployed in healthcare industry as well, thus driving the growth of
the drones market in healthcare industry. For instance, Zipline Medical, Inc. a
U.S. based company, is using drones to make deliveries of life-saving
medications.
Challenges:
Flight time along with weight
carrying capacity are two restraints hampering the growth of the global drones
industry. To deal with this, Griff Aviation, a player in commercial drones
market is developing a drones fleet which can carry up to 100kgs of load over
the duration of 30 minutes and similarly many players are working on improving
efficiency of drone
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