Electric Drone Market : Global Size, Growth Factors, Future Scope, Potential of Industry With Competitive Landscape to 2023

Global Electric Drone Market 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 - Forecast to 2023

Pune, India - August 14, 2018 /MarketersMedia/ —

Electric Drone 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.

As a result, it is expected that the global electric drone will grow at CAGR of more than 10%, during the forecast period 2018-2023.

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Creative Developments

2017 - ‘Xiaomi’ does not need any introduction. It is one of the fastest and leading smartphone & electronic companies. The firm is known for innovations, with its recent launch being 'XIAOMI Mi Drone 4K'. This drone comes with 4K, Wi-Fi, FPV, and RC Quadcopter features. It provides some of the best aerial images.

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.

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)
• Yara (Norwat)

Intended Audience

• Distributers & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

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Segmentation

The market for electric drones is fragmented by surveillance missions, applications, payloads, and regions. Surveillance missions are divided into border surveillance, natural disasters, illegal traffic monitoring, and others. The applications consist of commercial & civil and military.

Commercial is estimated to grow during the forecast period. Most of the traffic across smart cites is controlled by drones to prevent accidents. The payloads include electro-optical/infrared sensors, cameras, electronic intelligence, electronic warfare, and others.

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.

Scope Of Report

The report for Global Electric Drone Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Table of Contents :

1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:

2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research

3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators

4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants

Continues....

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Release ID: 392974