Drones Market 2020: Price Trends, Top Companies, Investment, Growth, Innovation and Forecast 2025

Technology and Media

According to IMARC Group’s latest report, titled “Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,”. Looking forward, IMARC Group expects 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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Market Trends:

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 2020-2025 Analysis and Segmentation:

Some of these key players include:

  1. 3D Robotics
  2. AeroVironment Inc
  3. Birdseyeview Aerobotics Inc.
  4. Delair SAS
  5. DroneDeploy Inc
  6. Intel Corporation
  7. Parrort SA
  8. Precisionhawk Inc.
  9. SZ DJI Technology Co. Ltd. (iFlight Technology Co. Ltd.)
  10. Terra Drone Corporation
  11. 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:

  1. Fixed Wing
  2. Rotary Wing
  3. Hybrid

Breakup by Component:

  1. Hardware
  2. Software
  3. Accessories

Breakup by Payload:

  1. <25 Kilograms
  2. 25-170 Kilograms
  3. >170 Kilograms

Breakup by Point of Sale:

  1. Original Equipment Manufacturers (OEM)
  2. Aftermarket

Breakup by End-Use Industry:

  1. Construction
  2. Agriculture
  3. Military and Defense
  4. Law Enforcement
  5. Logistics
  6. Media and Entertainment
  7. Others

Explore full report with table of contents: https://bit.ly/2XYgKNu

Breakup by Region:

  1. North America
  2. Asia Pacific
  3. Europe
  4. Latin America
  5. Middle East and Africa

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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