Electric Drone Market – Latest Technologies, Growth Prospects, Demand from Industry Globally

Electric drones are one of the most advanced devices used in aerospace & defense, electronics, and robotics. They are also known as ‘unmanned aerial vehicles’ (UAVs). The said devices are operated with the help of remote controls from the ground or through computer programs (assisted by GPS systems). As the technologies grow rapidly, newer & smarter electric drones are emerging. Drones are loaded with electro-optical or infrared sensors, cameras, global positioning systems (GPSs), and electronic intelligence. These features aid communication and provide real-time data.

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Electric drones are adopted by the military & defense sector for preventing terrorism and maintaining surveillance. Developments; such as smart cities, smart roads, framing, traffic monitoring, and other commercial applications create more demand for drone devices. Looking at this industry growth, ‘Market Research Future’ recently gave out the market insights till 2023. According to it, the global electric drone market is set to grow at a CAGR of 10% during the forecast period.

Drivers:

Electric drones are making huge impact on humans. They are a vital part of the commercial and civil sectors. When Amazon declared that it would use electronic drones for delivering products, the primary focus was to avoid traffic and ensure eco-friendly delivery. The distance coverd by Amazon vehicles was 10 miles. Such innovations are likely to drive the industry.

The farming sector has shifted towards drone technologies, introducing the analysis & surveillance of farms. The quality of crops & seeds and health of livestock are monitored using drones. These devices help contain crop damage, administer the water supply, & determine the harvesting period. Their other advantages include 360 degree farm images, long distance traveling, and under the cloud traveling.

Entertainment, film-making, & photography sectors are attracted to novel UAV devices. The unusual way in which these devices capture pictures & videos has driven the entertainment sector. More product advancements are likely to happen in the near future. These should help viewers better enjoy films, videos, & potshots. Initial heavy investments in technology manufacturing may restrict industry growth.

Segmentation:

The market for electric drones is fragmented by surveillance missions, applications, payloads, and regions. Surveillance missions are divided into border surveillance, natural disasters, illegal traffic monitoring, and others. The applications consist of commercial & civil and military.

Commercial is estimated to grow during the forecast period. Most of the traffic across smart cites is controlled by drones to prevent accidents. The payloads include electro-optical/infrared sensors, cameras, electronic intelligence, electronic warfare, and others.

On the basis of geographies, the worldwide industry is split into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. North America will lead till 2023. Its governmental & defense establishments are making huge investments in electric drones. North American drones are being used for commercial & recreational purposes, followed by other regions.

Key Players:

The key players of the global electric drone market are AgEagle (U.S.), Agribotix (U.S.) , Airinov (France), Festo(Germnay), Gamaya (Switzerland), Headwall (U.S.), LeddarTech(Quebec), MicaSense(U.S.), Novariant(U.S.), Parrot(France),  senseFly (Switzerland),  Shadow Robotics (U.K.),  Trimble (U.S.), URSULA Agriculture (U.K,) , Yanmar (Japan) , and Yara (Norwat). In 2016, these players accounted for XX% share of the global market.

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