Dublin, June 06, 2024 (GLOBE NEWSWIRE) — The “Global Drones Market Report – Market Share Analysis, Industry Trends and Statistics, Growth Forecasts 2023-2030” report has been added to the ResearchAndMarkets.com’s The offer of
Many countries are developing regulatory frameworks for managing low-altitude traffic to accommodate the future of drones. This framework will cover the roles, responsibilities and protocols for data sharing in drone operations. In the US, federal agencies are creating unmanned aircraft system traffic management (UTM). In the UK, the Civil Aviation Authority (CAA) is working on a similar project.
The regulatory environment surrounding drones varies in different countries, with regulations governing aspects such as flight altitude, privacy concerns and certification requirements for drone operators. Compliance with regulations is essential to the safe and legal operation of drone services.
Drone services have found applications in a wide range of industries, including agriculture, construction, mining, oil and gas, media and entertainment, insurance, real estate, and public safety, among others. Drones are used for tasks such as surveying, mapping, monitoring, inspection, distribution and surveillance.
- Agriculture: In agriculture, drones are used to monitor crops, spray pesticides and assess soil health. They provide farmers with real-time data to optimize crop yields and reduce resource wastage.
- Construction and Infrastructure: Drones are used for site surveying, progress monitoring and asset inspection in construction projects. They enable companies to collect accurate data more efficiently and more securely than traditional methods.
- Mining and Oil and Gas: Drones are used in the mining and oil and gas industries for exploration, monitoring and inspection of infrastructure such as pipelines and platforms. They improve safety by reducing the need for manual inspections in hazardous environments.
- Army, Police and EMT: The Russian invasion of Ukraine has led to increased use of drones. They are used to detect and target equipment and troops. The invasion spurred the growth of the global market for drone services.
- Media and Entertainment: Drones are increasingly being used in the media and entertainment industry for aerial photography and videography. They offer filmmakers and content creators unique perspectives and dynamic visuals.
Technological advances such as improvements in battery life, sensors and data analytics have improved the capabilities and efficiency of drones. Integration with other technologies such as artificial intelligence and IoT further expands the potential applications of drone services.
The drone services market is populated by a mix of established companies and startups offering a diverse range of services and solutions. Key players include DJI Technology Co, Parrot SA, PrecisionHawk, Aerovironment Inc. and Cyberhawk, among others.
Despite the growth opportunities, the drone services market faces challenges such as privacy and security concerns, limited flight endurance and payload capacity, regulatory hurdles, and the need for skilled operators and maintenance personnel. The Russian invasion of Ukraine has led to a significant increase in demand for drones and components.
However, European market players are oriented towards the American market. As of 2023, the big trend in the US market was the cancellation of Chinese products, such as DJI Technology Co. Some companies tried to pick up their orders to compensate for the drop that will occur when the war in Ukraine ends.
Market players:
- Aerovironment Inc.
- DELAIR SAS
- Terra Drone Corporation
- Drone deployment
- Cyberhawk
- SZ DJI Technology Co. Ltd.
- PrecisionHawk, Inc.
Main attributes:
| The report attribute | The details |
| No. of Pages | 32 |
| Forecast period | 2023 – 2030 |
| Estimated market value (USD) in 2023 | 27 billion dollars |
| Projected market value (USD) by 2030 | 55.4 billion dollars |
| Compound Annual Growth Rate | 10.8% |
| Regions covered | global |
Main topics covered:
1. Introduction, Research Methodology
2. Executive summary
3. Description of the market
3.1 Market size, segments and outlook
3.2 Drivers, Impact Analysis
3.3 The war in Ukraine
3.4 Limitations
3.5 Opportunities
4. Market segmentation
4.1 By application
4.1.1 Aerial photography
4.1.2 Product delivery
4.1.3 Supervision
4.1.4 Receiving data
4.1.5 Other
4.2 By industry
4.2.1 Agriculture
4.2.2 Mining and Oil and Gas
4.2.3 Construction and Infrastructure
4.2.4 Logistics
4.2.5 Army, Police and EMT
4.2.6 Other
4.3 By geography
4.3.1 North America
4.3.2 Europe
4.3.3 Asia-Pacific
5 Analysis of competition
For more information about this report, visit https://www.researchandmarkets.com/r/39wrg7
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