Analysis on the World’s $88+ Billion Drones Market, 2019 to 2027 – Leading Players are Thales Group, Airbus, DJI, Leonardo, Lockheed Martin, Elbit Systems, Boeing, and Northrop Grumman
PR Newswire
DUBLIN, Jan. 7, 2020
DUBLIN, Jan. 7, 2020 /PRNewswire/ — The “Global Drones Market Outlook and Projections, 2019-2027” report has been added to ResearchAndMarkets.com’s offering.
The global drones market reached USD 18.11 Billion in 2018 by registering a CAGR of 19.9% across the globe. Moreover, the market is expected to reach USD 88.57 Billion by the end of 2027.
The demand for drones across North-America has been increasing on the back of growing drone production and wide application of drones in the commercial sector. Furthermore, favorable government initiatives regarding the advancements in drone technology is key to the growth for North America drones market, over the forecast period.
The Asia Pacific market is expected to expand at the highest CAGR of 22.64%, during the forecast period i.e. 2020-2027. The drones market in Asia Pacific is projected to reach to a valuation of USD 22.65 Billion by the end of 2027 from USD 3.78 Billion in 2018.
The market in Europe is expected to account for USD 19.51 Billion by 2027 from USD 4.38 Billion in 2018. Germany and the UK are the major contributors to the growth of the drones market in the region.
The global market is segmented on the basis of product into military drones and commercial drones. Among these segments, military drones product segment occupies the largest market share of drones across the globe. Moreover, this segment is anticipated to flourish at a CAGR of 19.6% over the forecast period.
Thales Group, Airbus, DJI, Leonardo S.p.A., Lockheed Martin, Elbit Systems Ltd., Boeing, and Northrop Grumman are some of the major players of the global drones market.
The growing applications of drones in the commercial sector such as oil & gas, construction, energy, entertainment, healthcare, and delivery industries accompanied with others are anticipated to drive the growth of drones market during the forecast period.
The market is consistently growing with players defining their role in the value chain and exploring ways to meet users’ needs. Such positive environments are supporting the growth of drones market in commercial aerospace industry further.
Companies like Amazon, Google, and Intel, among others, have invested and collaborated with smaller firms for implementing drones in the delivery of goods and services. Such investments and collaborations by these major companies is estimated to generate an additional demand for drones.
Market players are increasingly competing with each other by developing advanced technology-integrated drones, which can decrease the human effort in applications like mining, construction, and aerial mapping, among others.
Key Topics Covered
1 Introduction
1.1. Market Definition
1.2. Market Segmentation
1.3. Product Overview
2 Assumptions & Acronyms
3 Research Methodology
3.1. Variables (Dependent & Independent)
3.2. Multi Factor Based Sensitivity Model
4 Executive Summary – Global Drones Market
5 Industry Analysis
5.1. Policy & Regulatory Landscape
5.2. Value Chain Analysis
6 Countries with Projected Highest Demand for Drones
7 Market Dynamics
7.1. Drivers
7.2. Restraints
7.3. Opportunities
7.4. Trends
8 Risk Analysis
8.1. Demand Risk Analysis
8.2. Supply Risk Analysis
9 Global Drones Market Outlook
9.1. Market Size and Forecast, 2018-2027
9.1.1. By Value (USD Million)
9.2. Global Drones Market Segmentation, 2018-2027
9.2.1. By Product Type
9.2.2. By Application
9.2.3. By Payload
9.2.4. By Region
10 Competitive Structure
10.1. Detailed Overview
10.2. Assessment of Key Offerings
10.3. Analysis of Growth Strategies
10.4. Exhaustive Analysis on Key Finacial Indicators
10.5. Company Profiles
10.5.1. Thales Group
10.5.2. Airbus
10.5.3. Parrot Drones
10.5.4. Saab
10.5.5. Leonardo S.P.A.
10.5.6. DeLair
10.5.7. Yuneec
10.5.8. Barnard Microsystems Ltd.
10.5.9. Drone Volt
10.5.10. FlyAbility
10.5.11. Azur Drones
10.5.12. Volocopter GmbH
10.5.13. UAS Europe AB
10.5.14. Lockheed Martin
10.5.15. Elbit Systems Ltd.
10.5.16. Griff Aviation AS
10.5.17. Northrop Grumman
10.5.18. DJI
10.5.19. Boeing
10.5.20. Textron Systems
10.5.21. Other Prominent Players
11 Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/ovg95q
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