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(IT-NEWSWIRE.COM, November 26, 2018 ) Global Drone Industry was valued at USD 14.5 Billion in the year 2017. Global Drone Industry is further estimated to grow at a CAGR of 18.83% from 2018 to reach USD 66.93 Billion by the year 2025. North America region holds the largest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level, the U.S Industry is projected to grow strongly in the coming years.
The major Industry players in Drone Industry are DJI Drones, UVify Inc., Hubsan Drones, 3D Robotics Inc., General Atomics, Northrop Grumman Corp., Aerovironment Inc., Bae Systems, Boeing, Parrot S.A., Yuneec International Co. Ltd. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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SWOT Analysis of Drone Industry Strength Rapid Technological Advancements
Weakness Government Regulation
Opportunities Adoption in Military for Spying
Threats Weight and Endurance
The major shares of the Industry come from 150 Kg in Global Drone Industry. On the other hand, Camera component for this Industry is projected to grow at highest CAGR during the year 2018-2025.
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Drone Industry Overview By Application Surveying and Mapping Inspection and Monitoring Search and Rescue Operation Media and Entertainment Precision Agriculture Others
Drone Industry Overview By Component Sensors Controller System Navigation System Cameras Propulsion System Battery Others
Drone Industry Overview By Type Vertical Take-Off and Landing (VTOL) Tactical Unmanned Air Vehicle (TUAV) Medium-Altitude Long-Endurance (MALE) High-Altitude Long-Endurance (HALE) Fixed-Wing Others
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Drone Industry Overview By Region North America • USA • Canada Europe • Germany • U.K. • France • Italy • Rest of Europe APAC • China • India • Japan • Rest of Asia-Pacific RoW • Latin America • Middle East & Africa
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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