Drones Market Key Players, Share, Trend, Applications, Segmentation and Forecast to 2027

Drones or Unmanned Arial Vehicles (UAV) are a type of aircraft that is controlled by pilots remotely. These aircraft can be programmed for specific and critical missions. These drones provide ultimate accuracy and help to complete the mission with minimum error and lesser damage to human lives. Drones Market play very important role in the defence sector of any country, as it can give optimum result without loss of human life. Draganfly showcased the new drone for law enforcement agencies in US. Technological advancement in the defence sector is driving the market. Aurora Flight announced launch of world’s fastest 3D printed drone is ready for flight. This drones can reach speed of 150MPH.

Various industrial domains like e-commerce and retail are largely working on the prioritized delivery of their product to the customers, in a minimum possible time. In addition to this, the e-commerce giant, Amazon had suggested the allocation of a separate airspace zone for the operation of these unmanned aerial aircraft in order to deliver goods to customers. There has been a huge initiative by the governments of different countries to adopt the drone services. In U.K, the drones are largely used by law enforcement, in China, these drone applications are used by the police for surveillance, and many other countries are legalizing the drone flying in designated airspace.

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Major Key Players:

The key players in the market of drone’s are- General Atomics (U.S.), Aurora Flight (U.S), AeroVironment Inc. (U.S.), BAE Systems PLC (U.K.), Denel Dynamics (South Africa), Draganfly (Canada), Elbit Systems Ltd. (Israel), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), Northrop Grumman (U.S.), DJI (China) among others, are profiled in MRFR Analysis and are at the forefront of competition in the global Drones market.

DJI expects its sales will reach RMB 18 billion ($2.7 billion) in 2017. Sales in 2016 increased by 65% year on year breaking the RMB 1 billion point. Consumer drones accounted for 80% of the profit. In 2018, DJI is planning on expanding its staff with special attention to the agriculture sector. The company has recently upped its stakes in the agricultural drone area by lowering the price of its drones by 12%

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Drones Market Global Market - Segmentation

Segmentation by Drones Type: very small drones, small drones, medium drones, and large drones

Segmentation by Applications: Aerospace and defence, agriculture, transportation, inspection and monitoring, media and entertainment, government.

Segmentation by region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Drones Market Global Market - Regional Analysis

North America is dominating the market of Drones. The main reason behind this is investment of government in defence sector. Europe stands as second biggest market. PwC has launched a UK drone team as it eyes increasing demand from investors, local authorities and companies for real-time data that can be more easily obtained by unmanned flight systems than by humans. Asia-Pacific stands as third biggest market for Drones. UK firm building autonomous drone which will get you from Heathrow to central London in 12 minutes. The Shenzhen-based drone maker, DJI is currently the world’s top seller of consumer drones, with a global market share of 70%

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