TechSci Research has been effectively engaged with offering far reaching market research information concerning different perspectives which are related to industrial reference and financial specialist utility. This specific research report titled "GLOBAL DRONES MARKET BY TYPE (VTOL/ROTARY, FIXED WING, ETC), BY SEGMENT (CONSUMER, COMMERCIAL & MILITARY), BY APPLICATION (AERIAL PHOTOGRAPHY, AGRICULTURE, INDUSTRIAL INSPECTION, ETC), BY PAYLOAD, BY REGION, COMPETITION FORECAST & OPPORTUNITIES, 2023" has been added to the wide online database of TechSci Research which talks about the present and in addition future market situation. Seekers can get to information related with market volume, regional expanse as well as competitive landscape in the worldwide DRONES MARKET. With the end goal to study development patterns of the market, this study also centres around market elements, which discusses drivers, restraints, and opportunities to impact the concerned market amid the period until 2018 to 2023.

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Global drones market stood at over $ 69 billion in 2017 and is projected to grow at a CAGR of more than 11% to surpass $ 141 billion by 2023, on the back of increasing use of drones in commercial and military applications as well as in surveillance activities. Moreover, technological advancements in commercial drones and rising use of drones for aerial remote sensing is further fuelling growth in the drone market, globally. Additionally, formulation of regulatory policies for optimal utilization of drones along with increasing awareness about UAVs is further expected to positively influence global drones market in the coming years.

Some of the top players in global drones market include SZ Dajiang Innovations Technology Co., Ltd, 3D Robotics, Inc., AeroVironment, Inc., Parrot S.A., Yuneec International Co. Ltd, General Atomics, Lockheed Martin Corporation, Northrop Grumman Corp., Boeing, and China Aerospace Science and Technology Corporation.

TechSci Research calculated the market size for global drones market using a bottom-up technique, wherein global drone fleet data, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical fleet data of respective drone manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, published articles, Economic Intelligence Unit (EIU), company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

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Report Scope:

In this report, global drones market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Type:
VTOL/Rotary
Fixed Wing
TUAV
MALE
HALE
Others
Market, by Segment:
Commercial
Consumer
Military
Market, by Application:
Aerial Photography
Agriculture
Media
Industrial Inspection
Government
Insurance
Others
Market, by Payload:
600Kg
Market, by Region:
North America
Asia-Pacific
Europe & CIS
Middle East & Africa
South America
Market, by Company:
SZ Dajiang Innovations Technology Co., Ltd
3D Robotics, Inc.
Yuneec International Co. Ltd
Parrot S.A.
Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global drones market.

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