CRI Report: Earth observation drones market to reach $18,214.9 MLN in 2032
The global Earth observation drones market is estimated to reach $18,214.9 million in 2032, reveals the premium market intelligence study by Our Research Team. The study also highlights that the market is set to witness a CAGR of 6.88% during the forecast period 2022-2032.
The Earth observation drones market has been witnessing a high growth rate owing to the significant demand for drones for various applications such as surveillance, emergency response, and inspection of oil and gas fields, power plants, and more. Drones are also widely being used in applications like agriculture monitoring, environmental monitoring, and aerial photography. The Earth observation drones market for these applications is gaining traction in countries such as the U.S., the U.K, China, Canada, India, Germany, France, and Israel.
Analyst Thoughtst
According to Arun Kumar Sampathkumar, Principal Analyst, Our Research Team, “While satellite imagery-based analytics are in demand, almost all investigations utilizing satellite imagery use drone-based imaging capability for confirmation of the findings. This has been a driver of the demand for drone-based imaging missions across applications. Drone deployment in security and maintenance of critical national infrastructure is also growing owing to the ease of deployment and low cost of operations. The rise in demand for drone imagery products has resulted in the evolution of multiple aggregator business models that are collating and commercializing customized drone imagery products. The drone imaging service market is growing as a consequence, taking up a large volume of Earth observation drones. The drone manufacturing domain is responding by developing application/sensor-agnostic drones which can accommodate diverse sensor payloads. The evolving regulatory framework for drone operations is also expected to drive these markets moving forward.”
Key Companies Operating in the Market
The study has analyzed and profiled the key drone manufacturers, start-ups, and emerging players in drone manufacturing in the global Earth observation drones market. These companies capture the maximum share in the global Earth observation drones market. Moreover, a detailed competitive benchmarking of the companies and organizations operating in the Earth observation drones market has been carried out, which will help the reader to understand the performance of the players, exhibiting a clear market landscape. In addition to this, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Some of the key players in the Earth observation drones market include DJI, Parrot Drone SAS, Lockheed Martin Corporation, Northrop Grumman Corporation, Hubsan, Evolve Dynamics, AgrowSoft LLC, Gryphone Dynamics, Asteria Aerospace Limited, Atmos UAV, Drone Volt, Novadem, Teledyne FLIR LLC, Wingtra AG, Yuneec International, Ehang, and Insitu Inc.
Key Questions Answered in the Report
• What are the trends in the Earth observation drones market, and how is the market expected to change over the forecast period 2022-2032?
• What are the key drivers and challenges for the drone manufacturers operating in the Earth observation drones market?
• What will be the growth trend of the market over the forecast period 2022-2032?
• What are the existing and emerging opportunities to expand businesses in the Earth observation drones manufacturing market?
• What are some of the key business and corporate strategies implemented by the key market players to survive in a highly competitive environment?
• Which region is expected to dominate the Earth observation drones market by 2032?
Buy the report: Earth Observation Drones Market – A Global and Regional Analysis: Focus on Application, End User, Drone Type, Sensor Type, and Country – Analysis and Forecast, 2022-2032