Product Overview

The drone is an aircraft that does not have a pilot but is controlled by someone on the ground, used especially for surveillance or for dropping bombs. They are also called unmanned aerial vehicle which provides a 24-hour “eye in the sky”. They increase safety, save time and resources, fast-track surveying, and deliver accurate measurements.

Market Highlights

The Global Drones Market is anticipated to exceed USD XXXX million by 2030 from USD XXXX million in 2019 at a CAGR of XX % throughout the forecast period, i.e., 2029-30. The global drones market is estimated to grow on the back of the following reasons. The increasing demand for security, aerial services, the growing use of digital technology, and demand from various sectors of the society backs up the growth of the Drone market. Moreover, Drones help in reducing labor and time involved in the traditional method of collecting accurate information. They eliminate most of the human error involved in the process. Hence, all these factors are projected to aid the growth of the Drones market.

Global Drones Market Opportunity Analysis

Source: Fatpos Global

Recent Highlights in Global Drones Market

In June 2020, Honeywell International Inc, a major supplier of aerospace products said it launched an unmanned aerial systems business to bet on the autonomous aviation space. Sources said that Honeywell expects the hardware and software market, drone delivery market for essentials, and other drone businesses to reach USD 125 billion by 2030.

In recent times, Iranian Army Commander Major General Abdolrahim Mousavi illustrated unmanned aerial vehicles as a strong point in the Army, saying they play a strategic role in asymmetric warfare.

Global Drones Market: Segments

The Global Drones Market is segmented on the basis of application, type, and region.

On the basis of application, the drones market is divided into agriculture and Environment, Media and Entertainment, Energy, Government, Construction and Archaeology, and others.

On the basis of type, the market is bifurcated as fixed wings drones, Rotary Blade drones, and Hybrid drones.

On the basis of the region, it is grouped as North America (US, Canada, and Mexico), Latin America, Europe (UK, Germany, France, Italy, and others), Asia-Pacific (India, China, Japan, Australia, New Zealand, and others) and rest of the world is classified as South America, Middle-East and Africa.

Global Drones Market: Drivers and Restraints

DRIVERS

Improvements to Infrastructure

Drones deliver superior strength and intelligence on job sites. Their ability to gather and report data allows them to complete the work more quickly. Everything but excluded from the equation is the need for manual labor. In the future, drones will certainly play many more important roles that are involved in major projects. These are designed to reduce the time it takes to create or build infrastructure, thus reducing costs. Contractors who are adapting drones are going to make much more money and gain more efficiency.

Transportation and Inspection

The introduction of drones in construction site inspection means amplification of worksite safety by eliminating a number of dangers and safety hazards. Using drones to transport goods aerially allows companies to reach difficult locations and keep track of everything that enters and leaves the job site. It is economical, efficient, and keeps the site secure.

As drones are typically small with high maneuverability rates, they are increasingly being used as an alternative to conventional vehicles. Even better, drones don't have to abide by traffic laws that allow them to deliver within a fraction of the time, using half of the resources.

RESTRAINT

Privacy and security concerns

Privacy and national security regulations are expected to have a negative impact on the growth of the Global Drone Market. Since the drones have to sometimes go through localities which might interrupt the privacy of the people and hence caters as a factor negatively affecting the growth of global drone market.

Global Drones Market: Region

North America to register highest CAGR D=during the forecast period

The global drones market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, and the Rest of the world is classified as Middle-East and Africa.

The global drones market in North America held the largest market share of XX% in the year 2019. Factors such as efficiency, reduction in labor costs, and real-time imagery of a large area, coupled with factors like increased security of borders are anticipated to propel the growth of the drones market in North America.

Source: Fatpos Global

The global drones market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- Mexico, Argentina, Brazil and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- UK, Germany, France, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe

Asia-Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- India, China, South Korea, Malaysia, Japan, Indonesia, Australia, New Zealand and Rest of Asia-Pacific

The Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- North Africa, Israel, GCC, South Africa and Rest of Middle East and Africa

Key Players

AeroVironment Inc

Company overview

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Development

Regional Presence

SWOT Analysis

SZ DJI Technology Co Ltd

Parrot SA

3D Robotics

LeBron Unmanned Aircraft system

Precision Hawk Inc

Yuneec International Co Ltd

Aeryon Labs Inc

Trimble Navigation Ltd

Insitu Inc

The Global Drones Market Report also contains an analysis on:

Drones Market by segment:

By Product Type

Fixed Wings Drones

Rotary Blade Drones

Hybrid Drones

By Application

Agriculture and Environment

Media and Entertainment

Energy

Government

Construction

Archaeology

Others

By Region

North America

Europe

Asia-Pacific

Latin America

The Middle East and Africa

Drones Market Size

Drones Market Dynamics

Supply and Demand

Current Issues/trends/challenges

Competition and Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

FAQs on Global Drones Market

Which segment is anticipated to hold the largest market share

At what CAGR is the market anticipated to grow between 2020 and 2030

Who are the key players in the Global Drones Market

What could be the challenging factors in the growth of Global Drones Market

What are the growth drivers for the Global Drones Market

Contents

1. Executive Summary

2. Drones Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Market Dynamics

5.1. Growth Drivers

5.2. Restraints

5.3. Opportunity

5.4. Trends

6. Recent Development, Policies & Regulatory Landscape

7. Risk Analysis

7.1. Demand Risk Analysis

7.2. Supply Risk Analysis

8. Drones Market Analysis

8.1. Porters Five Forces

8.1.1. Threat of New Entrants

8.1.2. Bargaining Power of Suppliers

8.1.3. Threat of Substitutes

8.1.4. Rivalry

8.2. PEST Analysis

8.2.1. Political

8.2.2. Economic

8.2.3. Social

8.2.4. Technological

9. Global Drones Market

9.1. Market Size & forecast, 2019A-2030F

9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10. Global Drones Market: Market Segmentation

10.1. By Regions

10.1.1. North America:(U.S. and Canada)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.2. By Type: Market Share (2020-2030F)

10.2.1. Fixed Wings Drones, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.2.2. Rotary Blade Drones, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.2.3. Hybrid Drones, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3. By Applications: Market Share (2020-2030F)

10.3.1. Agriculture and Environment, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.2. Media and Entertainment, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.3. Energy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.4. Government, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.5. Construction and Archaeology, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11. Company Profile

11.1. AiroVironment Inc.

11.1.1. Company Overview

11.1.2. Company Total Revenue (Financials)

11.1.3. Market Potential

11.1.4. Global Presence

11.1.5. Key Performance Indicators

11.1.6. SWOT Analysis

11.1.7. Product Launch

11.2. SZ DJI Technology Co Ltd.

11.3. Parrot SA

11.4. 3D Robotics

11.5. Leptron Unmanned Aircraft System

11.6. Precision Hawk Inc.

11.7. Yuneec International Co Ltd.

11.8. Aeryon Labs Inc.

11.9. Trimble Navigation Ltd

11.10. Insitu Inc.

12. Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)