Market Research Report
Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||952996|
|Published||Content info||112 Pages
Delivery time: 2-3 business days
|Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: July 18, 2020||Content info: 112 Pages||
The global drones market experienced double-digit growth during 2014-2019. A drone, or unmanned aerial vehicle (UAV), refers to an unpiloted flying robot that can be controlled by remote or self-automation software. It consists of a power source, such as Lithium-ion batteries or solar, fuel and hybrid cells, rotors, propellers, cameras, altimeter, controllers to communicate through radio waves and a body frame. The frame of the drone is usually manufactured using lightweight and composite materials to minimize weight and enhance maneuverability during flight. These drones are commonly used for construction, agriculture, law enforcement, military operations, such as anti-aircraft target practice, intelligence gathering, and commercial activities, such as traffic and weather monitoring, firefighting and search and rescue operations.
The growing need to increase situational awareness in the military and defense sector is one of the key factors driving the growth of the market. Furthermore, significant growth in the construction industry is creating a positive outlook for the market. Drones are being deployed with geographic information systems (GIS), mapping services and light detection and ranging systems. These systems aid in surveying lands, providing constant and reliable topographic updates, improving safety and preventing hazardous situations. For instance, surveillance drones are being employed to monitor public movement during the coronavirus disease (COVID-19) lockdowns around hotspot zones. Additionally, the development of customized and technologically advanced variants is acting as another growth-inducing factor. Drones can be modified as per the requirement to create minimal noise and pass through narrow and confined spaces for commercial applications. They can also be attached with thermal sensors and night vision cameras to enhance their efficiencies. This, along with the increasing utilization of drones in the healthcare industry for rapid delivery of vaccines, medical supplies, and drugs, is some of the other factors projected to drive the market further. Looking forward, IMARC Group expects the global drones market to continue its strong growth during the next five years.