Global Electric Drone Market Information Report by Surveillance Mission (Border Surveillance, Natural Disasters, Illegal Traffic Monitoring, and Others), by Application (Commercial and Civil, and Military), by Payload (Electro-Optical/Infrared Sensors, Camera, Electronic Intelligence, Electronic Warfare, and Others) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Forecast to 2023
Market Drivers
The growing demand for surveillance drones and the rapidly increasing application of electric drones in spy missions, are the primary factors that drive the electric drone market. These unmanned vehicles aid in providing modernized, digital communication formats that are high on security and reliability. Also, these vehicles are equipped with payloads such as electro-optical/infrared sensors, camera, global positioning system (GPS), and electronic intelligence, which help in rapidly modernizing their communications equipment.
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Regional Analysis
North America is expected to be the largest market by 2023, primarily due to the presence of established market players in this region. Over the years, extensive investments by the government and defense authorities in the North American region, has resulted in development of small, lightweight, and efficient electric drones, with relatively increased ranges. Apart from the recreational, scientific, and agricultural applications these electric drones are increasingly being used for various functions in the military. With the increasing surveillance applications, the usage of electric drones in military operations, is expected to increase significantly, during the forecast period. Furthermore, these drones are being used for commercial and recreational purposes in the region, and the manufacturers are rapidly changing their marketing strategies in order to attract more customers as well as they are focusing on the development of more consumer friendly electric drones.
Key Players
The key players of the global electric drone market are AgEagle (U.S.), Agribotix (U.S.) , Airinov (France), Festo(Germnay), Gamaya (Switzerland), Headwall (U.S.), LeddarTech(Quebec), MicaSense(U.S.), Novariant(U.S.), Parrot(France), senseFly (Switzerland), Shadow Robotics (U.K.), Trimble (U.S.), URSULA Agriculture (U.K,) , Yanmar (Japan) , and Yara (Norwat). In 2016, these players accounted for XX% share of the global market.
Market Scenario
Drones are also referred to as unmanned aerial vehicles, which are controlled autonomously by a remote control or an on-board computer. Although, of late, electric drones are rapidly being used for commercial and recreational purposes they are primarily used in defense and military. Due to the extensive investments by the drone manufacturers, in the development of lighter and better efficient electric drones, the global market is expected to witness significant growth, during the forecast period.
With a number of revenue streams opening up in this market as a result of the rapidly increasing commercial applications such as aerial photography, agriculture, wildlife protection, and 3D mapping, the global electric drone market is poised for a rapid and momentous growth, in the near future.
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