Drone Market, by Type (Fixed Wing, VTOL, STUAS, MALE, HALE, UCAS ), Payload (Up to 25 Kg, Up to 150 Kg, Up to 600 Kg, Above 600 Kg), Application (Precision Agriculture, Retail, Media & Entertainment), and Component, Industry trends, estimation & forecast, 2015 - 2024

November 2017

 ERC 3722

A drone, technically called as unmanned aerial vehicle (UAV), is an aircraft which works without any human entity present aboard. UAVs are operated by a control unit which can either be ground based or onboard. Ground based controllers are operated by a human dealt (manual) remote control system. An onboard control system is a self-controlled (autonomous) mechanism requiring minimal human assistance.

UAVs were basically invented and used for major military missions as they have the capability to execute high-risk tasks very successfully and are quite precise and accurate in dealing with national security concerns including terrorism. In contrast to the conventional usage, today, their demand is rapidly expanding in commercial fields including science, agriculture, and recreation. The emerging application areas of drones include product delivery, weed control, and others. Moreover, the rise in autonomous military requirements is driving the market. With the immense growth of commercial drones, a new set of risks has risen up because of the underdeveloped regulatory landscape in most of the countries. Moreover, the accidental cases may incur a huge financial loss as technologies used in drones are highly sophisticated.

Drones are extensively used for aerial photography in media and entertainment industry. Aerial photography is increasingly being adopted as a carrier option (cinematography) in today’s scenario which would impact the market positively in coming years. FAA estimates that presently there are around 1.1 million drones that can be identified as distinctly hobbyist or model aircraft. An alarming demand of up gradation of crop quality and quantity has arisen. The UAV manufacturers have come up with the products like “Crop Angel”, which is at the forefront of the UAV sprayer technology. Small scale commercial business and Entrepreneurship would create space for the use of UAVs in coming years.

The segmentation of the drone market is based upon type, payload, component, application, and geography. Based on type, the drones are segmented into commercial drones and military drones. Based on payload the drone market is categorized as commercial drones which may take load up to 25 kg. Military drones can carry weights ranging from 150kg to 600 kg. Based on components the market is segmented into Camera, battery, propulsion system, sensors and navigation system. On the basis of application the drone market is categorized as commercial drones and military drones. Segmentation by geography includes North America, Europe, Asia Pacific and Rest of the World. 

DRONE MARKET SEGMENTATION

The market is segmented on the basis of Type, Payload, component, Application and Geography.

1 Market by Type

 COMMERCIAL DRONES

      • Fixed Wing Drone

      • VTOL Drones

      • Rotary wing drone

      • Nano drones

      • Hybrid drones

 MILITARY DRONES

      • Small Tactical Unmanned Aircraft Systems (STUAS)

      • Medium Altitude Long Endurance (MALE) UAVs

      • High Altitude Long Endurance (HALE) UAVs

      • Unmanned Combat Air Systems (UCAS)

2 Market, by Payload

     • Commercial Drones (Up to 25 Kg)

     • Military Drones

            o Up to 150 Kg

            o Up to 600 Kg

            o Above 600 Kg

3 Market, by component

     • Camera

     • Battery

     • Propulsion System

     • Sensors

     • Navigation System

     • Others (Transmitter, Range Extend

4 Market, by Application

 Commercial Drones

      • Law Enforcement

      • Precision Agriculture

      • Media and Entertainment

      • Retail

      • Inspection and Monitoring

      • Surveying and Mapping

      • Do it Yourself (DIY) Drones

      • Education

 Military Drones

      • Spying

      • Search and Rescue Operations

      • Border Security

      • Combat Operation

5 Market, by Geography:

   • North America:

          o U.S.

          o Canada

          o Mexico

   • Europe:

          o U.K.

          o Germany

          o France

          o Italy

          o Spain

          o Rest of Europe

   • Asia-Pacific:

          o China

          o Japan

          o India

          o Rest of APAC

   • Rest of the World:

          o South America

          o Middle East and Africa

   • Competitive Landscape

   • Company Profiles: Detailed analysis of the major companies present in the UAV Drones market. 

KEY MARKET PLAYERS:

   • DJI Innovations

   • Yuneec

   • Parrot

   • UBSAN

   • Blade

   • JJRC

   • Airware

   • Sensefly

   • 3D robotics

   • INSITU

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    What Information does this report contain?

    • What was the market size of the Drone Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Drone Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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