Kenneth Research, in its repository of market research reports, has recently added a report on Drones Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Drones Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Drones Market products.
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Kenneth Research, in its repository of market research reports, have recently added a report on Drones Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Drones Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide.
According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.
ccording to Azoth Analytics research report “Global Drones Market: Analysis By Type (Rotary Wing, Fixed Wing, Hybrid), By Application (Surveying, Agriculture, Mining, Construction, Entertainment, Others), End User (Military, Commercial, Consumer); By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (Americas, Europe, Asia Pacific, ROW), By Country (U.S., Canada, U.K, France, Russia, China, Australia, India)”, the Drones market is projected to display a robust growth represented by a CAGR of 43% during 2019 – 2024.
Over the recent years, Drone market has been witnessing growth on account of several driving factors including growing prevalence of drones in commercial sector like agriculture, construction, etc. Moreover, there has been an increasing application of drones in surveying, aerial photography, oil and gas pipeline monitoring and similar infrastructure inspection etc. Moreover, favorable regulatory environment, increasing adoption for commercial applications coupled with growing investments by different venture capitalist in the UAV space which are encouraging technology start-ups to explore opportunities in new applications are some of the prominent factors fuelling the growth of market.
In this research report, the market is segmented on the basis of drone type. By drone type, the military and defence combinations are predicted to hold their dominant position in the market, especially Israeli & Chinese drones are expected to give more options to the market. Amongst the regions, Americas accounts for the largest regional share in the global drone market in 2018.
The report titled “Global Drones Market: Analysis By Type (Rotary Wing, Fixed Wing, Hybrid), By Application (Surveying, Agriculture, Mining, Construction, Entertainment, Others), End User (Military, Commercial, Consumer); By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (Americas, Europe, Asia Pacific, ROW), By Country (U.S., Canada, U.K, France, Russia, China, Australia, India)” has covered and analysed the potential of drone market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the drone market. Additionally, the report also highlights market entry strategies for various companies across the globe along with drone sales forecast analysis.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of drone market. The report analyses the Drone Market by Drone Type (Rotary Wings Drones, Fixed Wings Drones & Hybrid Drones). The report analyses the drone market, By Region (Americas, Europe, Asia Pacific, Rest of the World) and By Country (U.S., Canada, U.K, France, Russia, China, Australia & India) for the historical period of 2014-2018 and the forecast period of 2019-2024.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Scope of the Report
Global Drones Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Drones Market– Size, Growth, Forecast
• Analysis by Drone Type – Rotary Wings Drones, Fixed Wings Drones & Hybrid Drones
• Analysis By Application – Surveying, Agriculture, Mining, Construction, Entertainment, Others
Regional Drones Market –Americas, Europe, Asia Pacific, Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Drones Market– Size, Growth, Forecast
• Analysis by Drone Type – Rotary Wings Drones, Fixed Wings Drones & Hybrid Drones
• Analysis By Application – Surveying, Agriculture, Mining, Construction, Entertainment, Others
Country Analysis – U.S., Canada, U.K, France, Russia, Australia, China & India (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Drones Market– Size, Growth, Forecast
• Analysis by Drone Type – Rotary Wings Drones, Fixed Wings Drones & Hybrid Drones
• Analysis By Application – Surveying, Agriculture, Mining, Construction, Entertainment, Others
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Other Report Highlights
• Product Sales Forecast.
• Market Dynamics – Drivers and Restraints.
• Market Trends.
• Porter Five Forces Analysis.
• SWOT Analysis.
• Company Analysis – AeroVironment, Lockheed Martin, SZ DJI, Parrot SA, YUNEEC, Autel Robotics, Insitu inc., Aeryon Labs, Delair, Nothrop Grupman, Krossblade.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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