USD 21 Bn growth in Drone Market from 2020 to 2025| Driven by Increasing Applications of Drones | Technavio

NEW YORK, Oct. 30, 2021 /PRNewswire/ — The drone market size is expected to grow by USD 21.01 billion at…

NEW YORK, Oct. 30, 2021 /PRNewswire/ — The drone market size is expected to grow by USD 21.01 billion at over 14% CAGR from 2020 to 2025, according to the latest research report from Technavio.

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The drone market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.

The drone market covers the following areas:

Drone Market Sizing

Drone Market Forecast

Drone Market Analysis

The report identifies the rise in applications of drones as one of the major factors driving the growth of the market. The increase in legal acceptance of drone operations for commercial applications will be crucial in fueling the growth of the market over the forecast period. The drone market analysis includes the application segment and geographic landscape.

This report presents a detailed picture of the drone market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned

  • AeroVironment Inc.
  • BirdsEyeView Aerobotics
  • DELAIR SAS
  • Leptron Unmanned Aircraft Systems Inc.
  • Parrot Drones SAS
  • PrecisionHawk Inc.
  • Sky Futures
  • SZ DJI Technology Co. Ltd.
  • The Boeing Co.
  • Yuneec International Co. Ltd.

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Related Reports:

Global Drone Data Link System Market
 – Global drone data link system market is segmented by end-user (military and consumer and civil) and geography (North America, Europe, APAC, South America, and MEA).

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Global Commercial Drones Market – Global commercial drones market is segmented by product (software and services and hardware), end-user (infrastructure, agriculture, public safety, energy, and others), and geography (North America, Europe, APAC, South America, and MEA).

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Drone Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of over 14%

Market growth 2021-2025

USD 21.01 billion

Market structure

Fragmented

YoY growth (%)

12.99

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 37%

Key consumer countries

China, US, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AeroVironment Inc., BirdsEyeView Aerobotics, DELAIR SAS, Leptron Unmanned Aircraft Systems Inc., Parrot Drones SAS, PrecisionHawk Inc., Sky Futures, SZ DJI Technology Co. Ltd., The Boeing Co., and Yuneec International Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com

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