Product Overview

The drone is an aircraft that does not have a pilot but is controlled by someone on the ground, used especially for surveillance or for dropping bombs. They are also called unmanned aerial vehicle which provides a 24-hour “eye in the sky”. They increase safety, save time and resources, fast-track surveying, and deliver accurate measurements.

Market Highlights

The Global Drones Market is anticipated to exceed USD XXXX million by 2030 from USD XXXX million in 2019 at a CAGR of XX % throughout the forecast period, i.e., 2029-30. The global drones market is estimated to grow on the back of the following reasons. The increasing demand for security, aerial services, the growing use of digital technology, and demand from various sectors of the society backs up the growth of the Drone market. Moreover, Drones help in reducing labor and time involved in the traditional method of collecting accurate information. They eliminate most of the human error involved in the process. Hence, all these factors are projected to aid the growth of the Drones market.

Global Drones Market Opportunity Analysis

Source: Fatpos Global

Recent Highlights in Global Drones Market

In June 2020, Honeywell International Inc, a major supplier of aerospace products said it launched an unmanned aerial systems business to bet on the autonomous aviation space. Sources said that Honeywell expects the hardware and software market, drone delivery market for essentials, and other drone businesses to reach USD 125 billion by 2030.
In recent times, Iranian Army Commander Major General Abdolrahim Mousavi illustrated unmanned aerial vehicles as a strong point in the Army, saying they play a strategic role in asymmetric warfare.
Global Drones Market: Segments

The Global Drones Market is segmented on the basis of application, type, and region.

On the basis of application, the drones market is divided into agriculture and Environment, Media and Entertainment, Energy, Government, Construction and Archaeology, and others.

On the basis of type, the market is bifurcated as fixed wings drones, Rotary Blade drones, and Hybrid drones.

On the basis of the region, it is grouped as North America (US, Canada, and Mexico), Latin America, Europe (UK, Germany, France, Italy, and others), Asia-Pacific (India, China, Japan, Australia, New Zealand, and others) and rest of the world is classified as South America, Middle-East and Africa.

Global Drones Market: Drivers and Restraints

DRIVERS

Improvements to Infrastructure

Drones deliver superior strength and intelligence on job sites. Their ability to gather and report data allows them to complete the work more quickly. Everything but excluded from the equation is the need for manual labor. In the future, drones will certainly play many more important roles that are involved in major projects. These are designed to reduce the time it takes to create or build infrastructure, thus reducing costs. Contractors who are adapting drones are going to make much more money and gain more efficiency.

Transportation and Inspection

The introduction of drones in construction site inspection means amplification of worksite safety by eliminating a number of dangers and safety hazards. Using drones to transport goods aerially allows companies to reach difficult locations and keep track of everything that enters and leaves the job site. It is economical, efficient, and keeps the site secure.

As drones are typically small with high maneuverability rates, they are increasingly being used as an alternative to conventional vehicles. Even better, drones don’t have to abide by traffic laws that allow them to deliver within a fraction of the time, using half of the resources.

RESTRAINT

Privacy and security concerns

Privacy and national security regulations are expected to have a negative impact on the growth of the Global Drone Market. Since the drones have to sometimes go through localities which might interrupt the privacy of the people and hence caters as a factor negatively affecting the growth of global drone market.

Global Drones Market: Region

North America to register highest CAGR D=during the forecast period

The global drones market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, and the Rest of the world is classified as Middle-East and Africa.

The global drones market in North America held the largest market share of XX% in the year 2019. Factors such as efficiency, reduction in labor costs, and real-time imagery of a large area, coupled with factors like increased security of borders are anticipated to propel the growth of the drones market in North America.

Source: Fatpos Global

The global drones market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- UK, Germany, France, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia-Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- India, China, South Korea, Malaysia, Japan, Indonesia, Australia, New Zealand and Rest of Asia-Pacific
The Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- North Africa, Israel, GCC, South Africa and Rest of Middle East and Africa

Key Players

AeroVironment Inc
Company overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
SZ DJI Technology Co Ltd
Parrot SA
3D Robotics
LeBron Unmanned Aircraft system
Precision Hawk Inc
Yuneec International Co Ltd
Aeryon Labs Inc
Trimble Navigation Ltd
Insitu Inc
The Global Drones Market Report also contains an analysis on:

Drones Market by segment:
By Product Type
Fixed Wings Drones
Rotary Blade Drones
Hybrid Drones
By Application
Agriculture and Environment
Media and Entertainment
Energy
Government
Construction
Archaeology
Others
By Region
North America
Europe
Asia-Pacific
Latin America
The Middle East and Africa
Drones Market Size
Drones Market Dynamics
Supply and Demand
Current Issues/trends/challenges
Competition and Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Global Drones Market

Which segment is anticipated to hold the largest market share?
At what CAGR is the market anticipated to grow between 2020 and 2030?
Who are the key players in the Global Drones Market?
What could be the challenging factors in the growth of Global Drones Market?
What are the growth drivers for the Global Drones Market?

The post Global Drone Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030 first appeared on CRI Report.

Regional Analysis
The global solar powered UAV market is estimated to witness 14.38% CAGR during the forecast period, 2017-2023. In 2016, the market was led by North America with 34.90% share, followed by Europe and Asia Pacific with shares of 29.24% and 25.59%, respectively. The Asia Pacific region is becoming a lucrative region for the firms that provide solar powered UAVs, due to the significant demand from both defense and commercial sectors in countries such as China and South Korea. Meanwhile, North America dominated the solar powered UAV market in 2016, due to the increasing applications of UAVs in the military, homeland security, as well as commercial areas. The region also leads the global market in terms of expenditure and technological advancements and has a large number of deployments of UAVs in vulnerable regions. The U.S. generates very high demand for UAVs used for surveillance purposes. Though Canada made some considerable investments in the development of UAVs, the market is primarily dominated by the U.S. The U.S. is also the largest manufacturer of unmanned systems globally. The necessity for continual and superior ISR capability by the armed forces has stimulated the U.S. to invest substantially in the UAVs and related technologies. Moreover, companies in this region are focusing on developing High Altitude Pseudo-Satellite (HAPS) for enhancing connectivity. Therefore, it is expected that the market in North America would witness a CAGR of 14.80%, during the forecast period.

Key Players
AeroVironment, Inc., Airbus SE, Silent Falcon UAS Technologies, Sunbirds, Sunlight Photonics Inc., and Thales Group are the major companies that focus on the development and provision of solar powered UAVs services to both, commercial and defense applications. Airbus and Facebook accounted for more than 45% market share of the global market in 2016.

Objective of the Global Solar Powered UAV Research Report – Forecast to 2023
• To provide insights into factors influencing the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on application, type, component, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market

Target Audience
• Manufacturers of avionics system
• Original Equipment Manufacturers (UAV OEMs)
• Camera and other payload device providers
• Solar cell and related component providers
• Providers of raw materials and equipment for airframe
• Commercial end-users
• Military end-users

Key Findings
• The solar powered UAV market in this report has been segmented on the basis of application into two types, namely, defense, and commercial. The commercial segment market is projected to register the highest CAGR of 15.04% during the forecast period.
• The global solar powered UAV market has been segmented, by type, into fixed-wing and other types. The fixed-wing segment market is projected to register the highest CAGR of 14.60% during the forecast period.
The global solar powered UAV market, in this report, has been segmented on the basis of component into four types, namely, propulsion system, airframe, Guidance Navigation & Control system, and payload. The payload segment market is projected to register the highest CAGR of 15.56% during the forecast period.
• North America dominated the global solar powered UAV market in 2016. It is expected to register a CAGR of 14.80% during the forecast period. It is expected to reach a market size of USD 544.1 million by 2023.

The regional analysis also includes –
• North America
o U.S.
o Canada
• Europe
o France
o U.K
o Russia
o Germany
o Rest of Europe
• Asia Pacific
o China
o South Korea
o India
o Rest of Asia Pacific
• Rest of the World

Table of Contents:

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing use of UAVs in commercial sector
4.2.2 Falling cost of UAVs and advancements in solar technology
4.3 Restraint
4.3.1 Weather dependency of solar powered UAVs
4.4 Opportunities
4.4.1 Growing focus towards renewable energy
4.4.2 Focus on enhancing connectivity solutions
4.5 Challenge
4.5.1 Rising UAV incidents and absence of tighter regulations
5 Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Bargaining Power of Buyers
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Supply Chain
6 Global Solar Powered UAV Market, By Application
6.1 Overview
6.1.1 Defense
6.1.2 Commercial
7 Global Solar Powered UAV Market, By Type
7.1 Overview
7.1.1 Fixed-Wing
7.1.2 Other Types
8 Global Solar powered UAV Market, By Component
8.1 Overview
8.1.1 Propulsion System
8.1.2 Airframe
8.1.3 Guidance Navigation & Control System
8.1.4 Payload
9 Global Solar Powered UAV Market, By Region
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.1.1 U.S. by Application
9.2.1.2 U.S. by Type
9.2.1.3 U.S. by Component
9.2.2 Canada
9.2.2.1 Canada by Application
9.2.2.2 Canada by Type
9.2.2.3 Canada by Component
9.3 Europe
9.3.1 France
9.3.1.1 France by Application
9.3.1.2 France by Type
9.3.1.3 France by Component
9.3.2 U.K
9.3.2.1 U.K by Application
9.3.2.2 U.K by Type
9.3.2.3 U.K by Component
9.3.3 Russia
9.3.3.1 Russia by Application
9.3.3.2 Russia by Type
9.3.3.3 Russia by Component
9.3.4 Germany
9.3.4.1 Germany by Application
9.3.4.2 Germany by Type
9.3.4.3 Germany by Component
9.3.5 Rest of Europe
9.3.5.1 Rest of Europe by Application
9.3.5.2 Rest of Europe by Type
9.3.5.3 Rest of Europe by Component
9.4 Asia Pacific
9.4.1 China
9.4.1.1 China by Application
9.4.1.2 China by Type
9.4.1.3 China by Component
9.4.2 South Korea
9.4.2.1 South Korea by Application
9.4.2.2 South Korea by Type
9.4.2.3 South Korea by Component
9.4.3 India
9.4.3.1 India by Application
9.4.3.2 India by Type
9.4.3.3 India by Component
9.4.4 Rest of Asia Pacific
9.4.4.1 Rest of Asia Pacific by Application
9.4.4.2 Rest of Asia Pacific by Type
9.4.4.3 Rest of Asia Pacific by Component
9.5 Rest of the World
9.5.1.1 Rest of the World by Application
9.5.1.2 Rest of the World by Type
9.5.1.3 Rest of the World by Component
10 Competitive Landscape
10.1 Competitive Scenario
10.2 Market Share Analysis
11 Company Profiles
11.1 Active Players
11.1.1 AeroVironment, Inc.
11.1.1.1 Company Overview
11.1.1.2 Financial Overview
11.1.1.3 Product Offerings
11.1.1.4 Key Developments
11.1.1.5 SWOT Analysis
11.1.1.6 Key Strategy
11.1.2 Airbus SE
11.1.2.1 Company Overview
11.1.2.2 Financial Overview
11.1.2.3 Product Offerings
11.1.2.4 Key Developments
11.1.2.5 SWOT Analysis
11.1.2.6 Key Strategy
11.1.3 Facebook, Inc.
11.1.3.1 Company Overview
11.1.3.2 Financial Overview
11.1.3.3 Product Offerings
11.1.3.4 Key Developments
11.1.3.5 SWOT Analysis
11.1.3.6 Key Strategy
11.1.4 Silent Falcon UAS Technologies
11.1.4.1 Company Overview
11.1.4.2 Financial Overview
11.1.4.3 Product Offerings
11.1.4.4 Key Developments
11.1.4.5 SWOT Analysis
11.1.4.6 Key Strategy
11.1.5 Sunbirds
11.1.5.1 Company Overview
11.1.5.2 Financial Overview
11.1.5.3 Product Offerings
11.1.5.4 Key Developments
11.1.5.5 SWOT Analysis
11.1.5.6 Key Strategy
11.1.6 Sunlight Photonics Inc.
11.1.6.1 Company Overview
11.1.6.2 Financial Overview
11.1.6.3 Product Offerings
11.1.6.4 Key Developments
11.1.6.5 SWOT Analysis
11.1.6.6 Key Strategy
11.1.7 Thales Group
11.1.7.1 Company Overview
11.1.7.2 Financial Overview
11.1.7.3 Product Offerings
11.1.7.4 Key Developments
11.1.7.5 SWOT Analysis
11.1.7.6 Key Strategy
11.2 Upcoming Players
11.2.1 Established Companies
11.2.1.1 DJI
11.2.2 Start-ups
11.2.2.1 Praxis Aeronautics
11.2.2.2 SolarDrone
11.3 In-active Players
11.3.1.1 AC Propulsion, Inc.
11.3.1.2 Alphabet Inc.
11.3.1.3 Lockheed Martin Corporation
11.3.1.4 The Boeing Company
11.4 Others
11.4.1.1 Autonomous Systems Laboratory
11.4.1.2 Northrop Grumman Corporation
11.4.1.3 BAE Systems PLC
12 Conclusion
13 Appendix
13.1 References

The post Global Solar Powered UAV Market Research Report – Forecast to 2023 first appeared on CRI Report.