Electric Drone Market Size, Share, Growth 2019 – Drone Industry Outlook Forecast Till 2023

“\”Electric Drone Market\””
Electric Drone Market is expected to grow at a CAGR of 10% by 2023 electric drone market Growing demand for surveillance drones and the rapidly increasing application of electric drones in spy missions | Electric Drone Industry

Electric Drone Market Drivers

The growing demand for surveillance drones and the rapidly increasing application of electric drones in spy missions, are the primary factors that drive the electric drone market. These unmanned vehicles aid in providing modernized, digital communication formats that are high on security and reliability. Also, these vehicles are equipped with payloads such as electro-optical/infrared sensors, camera, global positioning system (GPS), and electronic intelligence, which help in rapidly modernizing their communications equipment.

Global Electric Drone Market Information Report by Surveillance Mission (Border Surveillance, Natural Disasters, Illegal Traffic Monitoring, and Others), by Application (Commercial and Civil, and Military), by Payload (Electro-Optical/Infrared Sensors, Camera, Electronic Intelligence, Electronic Warfare, and Others) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) – Forecast to 2023

Regional Analysis

North America is expected to be the largest market by 2023, primarily due to the presence of established market players in this region. Over the years, extensive investments by the government and defense authorities in the North American region, has resulted in development of small, lightweight, and efficient electric drones, with relatively increased ranges. Apart from the recreational, scientific, and agricultural applications these electric drones are increasingly being used for various functions in the military.

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With the increasing surveillance applications, the usage of electric drones in military operations, is expected to increase significantly, during the forecast period. Furthermore, these drones are being used for commercial and recreational purposes in the region, and the manufacturers are rapidly changing their marketing strategies in order to attract more customers as well as they are focusing on the development of more consumer-friendly electric drones. Therefore, it is expected that the North American region would account for a XX% share of the global market, by 2023.

Electric Drone Market Scenario

Drones are also referred to as unmanned aerial vehicles, which are controlled autonomously by a remote control or an on-board computer. Although, of late, electric drones are rapidly being used for commercial and recreational purposes they are primarily used in defense and military. Due to the extensive investments by the drone manufacturers, in the development of lighter and better efficient electric drones, the global market is expected to witness significant growth, during the forecast period.

With a number of revenue streams opening up in this market as a result of the rapidly increasing commercial applications such as aerial photography, agriculture, wildlife protection, and 3D mapping, the global electric drone market is poised for a rapid and momentous growth, in the near future. As a result, it is expected that the global electric drone market value would surpass USD XX billion, by 2023, growing at a CAGR of more than 10%, during the forecast period.

Top 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.

Intended Audience

  • Distributers & Supplier companies
  • End Users
  • Consultants and Investment bankers
  • Government as well as Independent Regulatory Authorities

Product Analysis

  • Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information

  • Regulatory Landscape
  • Pricing Analysis
  • Macroeconomic Indicators

Geographic Analysis

  • Geographical analysis across 15 countries

Company Information

  • Profiling of 10 key market players
  • In-depth analysis including SWOT analysis, and strategy information of related to report title
  • Competitive landscape including emerging trends adopted by major companies

The report for Global Electric Drone Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.

The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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