Drones Market

Global Drones Market Overview

• Microdrones (Germany)
• DJI (China)
• Aibotix GmbH Limited (UK)
• Drone America (US)
• Draganfly Innovations Inc. (US)
• ING Robotic Aviation (Canada)
• Aeryon Labs Plc. (UK)
• AeroVironment Inc. (US)
• Ascending Technologies Inc. (Canada)

Drone Industry Developments

For instance,July 2022Flytrex. Received permission from the FAA to expand its business services in Texas and North Carolina. It is an Israeli drone delivery company. The FAA also permitted them to extend their delivery range to two nautical miles. Additionally, the company claimed that it increased its customer base from 40,000 to 100,000 in the United States, demonstrating the impact of advancement on the sector. The market for drone services has expanded quickly, leading many businesses in various sectors to begin investing in drones. Companies that buy drones hope that by analyzing the data they gather, they will be able to cut costs, increase sales, and make wiser decisions.

For instance, August 2023-The Tamil Nadu Industrial Development Corporation, the nodal agency for Tamil Nadu Defense Industrial Corridor implementation, will establish India's first Unmanned Aerial Systems (Drone) Common Testing Centre under the Defense Testing Infrastructure Scheme (DTIS). An official press release lately stated that the test centre that would be built on a plot of land measuring approximately 2.3 acres at the SIPCOT Industrial Park, Vallam Vadagal close to Sriperumbudur, would allow the State to significantly contribute to the nation's self-reliance in the aerospace and defense sector.

For instance, August 2023- The newest Heron Mark 2 drones that have attack capability and can conduct border surveillance along both China's and Pakistan's borders in a single sortie, have been introduced by the Indian Air Force. The four brand-new Heron Mark-2 drones have been stationed at a forward air base within the northern sector and are capable of carrying long-range missiles and other military systems. The Heron Mark-2's introduction gives the IAF's surveillance capabilities a significant boost. The drone will be employed for many different tasks, such as information collection, border patrol, and the counter-insurgency operations.

For instance, August 2023- The demand for domestic avionics systems has grown critical with the exponential development in drone usage across industries including industrial applications, agriculture, logistics, and defense. The Indian Institute of Science has achieved a substantial advancement in the field of unmanned aerial systems in an effort to lessen reliance on foreign drone technology. This accomplishment is the first step in India's effort to locally assemble drone avionics equipment. The drone avionics projects in the future will be less dependent on microcontrollers thanks to locally produced technologies. Through this action, India will become independent in terms of the UAV technology and save millions of dollars in electronics imports over time. This innovation will open the door for more developments in this area and support the expansion of India's drone ecosystem.

Drone Market Segmentation

Drone Industry Type Outlook

• Fixed-Wing Drone
• Rotary Blade Drone
• Hybrid Drone

Drones by Industry Type Outlook

• Oil & Gas
• and Power
• Renewable

Drones by Application Outlook

• Inspection and Leak and Spillage Response and Security
• Surveillance

Drones by Technology Outlook

• Hardware
• Software

Drone Regional Outlook

• North America

  • US
  • Canada

• Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe

• Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific

• Rest of the World

  • Middle East

  • Africa

  • Latin America