Tethered drones, as the term implies, are drones that are equipped with a tether station for the dual purpose of acting as a constant power supply for the drone as well as to maintain aerial stability of the drone. Tethered drones are often fully automated drone systems from take off, to landing and can provide ariel coverage over large areas on a continuous basis. Market Research Future has analyzed the global tethered drones market to find its various growth patterns. The global tethered drones market is likely to expand at a CAGR of 40% during the assessment period from 2018 to 2023. In 2017, the market was found to have valued USD 74 Mn. At the predicted rate of growth, this figure is expected to resemble USD 557 Mn by 2023. With stellar growth expected for the market, there are plenty of factors driving the market and many opportunities worth leveraging.
MRFR has performed an analysis of the competitive roles of the various market leaders present in the global tethered drones market. Players included in the report are Hoverfly Technologies (US), ECA Group (France), UAVTEK (UK), Azur Drones (France), Yuneec (China), Drone Aviation (US), Novadem (France), Elistair (France), Sky Technologies (US), and CyPhy Works (US)
The tether on a tethered drone allows for easy continuous movement which allows a wide range of moving objects to be covered making these types of drones ideal for surveillance capabilities. The applications for tethered drones have expanded significantly in recent years, thus driving the market significantly. Other than the growing number of applications, tethered drones are also in high demand as they are highly technologically advanced and industries where drones are used often tend to show a high affinity toward procurement of the latest technology to maintain efficiency in drone applications. Moreover, there is a high demand for proper public safety following many unfortunate incidents in urban regions. High crime rates in urban areas, which are expanding has prompted law enforcement and other public safety authorities to employ the use of advanced technology like tethered drones to promote the feeling of safety among residents of the given area.
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Notably, the market is held back by the lack of appropriate technical expertise among the end-users of tethered drones. This is restricting the functionality of tethered drones.
Uses of drones have increased dramatically over the past few years. Up until recently, drones were mostly used in the defense sector. The game has changed now with leisure drones already selling in the millions. The development of small and cost-effective drones has led to a variety of uses that businesses and public institutions are starting to leverage to reduce risk, optimize processes and drive new forms of customer and societal value.
However, tethered drones, with their reliable power supply and well-maintained aerial stability, have a huge demand in areas where continuous aerial coverage over large areas is required. For instance, sectors such as law enforcement, public safety, private security, military, and crisis monitoring use tethered drones for reliable aerial coverage.
In addition, these tethered drones are also used extensively in the sector of wildlife research where these drones capture the coverage of days together without any external support.
Tethered Drones Market – Segmentation:
The global tethered drones market has been segmented on the basis of type, component, application, and region. By type, the market is segmented into military drones and commercial drones. Military drones are the largest segment, whereas commercial drones is the fastest growing segment.
By component, the market is segmented into sensors, controller system, camera, battery, and others. Among these, sensor is the largest segment and controller system is the fastest growing segment.
By application, the market is segmented into inspection and monitoring, law enforcement, surveying, mapping, and others. Among these, monitoring is the largest segment and mapping is the fastest growing segment.
By region, the market is segmented into the Americas, Europe, Asia-Pacific, and Middle East & Africa. Out of these, the Americas region dominates the market, whereas the Asia Pacific region accounts for the fastest growing region.
Tethered Drones Market – Geographical Analysis:
The Americas accounts for the leading market due to the huge technological advancements led by the substantial investments made in the R&D sector. The rapid uptake of new technologies and investment by the government in the defense sector are some of the major driving forces driving the market. The presence of well-established tethered drone market players is fuelling the market growth.
The market in the European region stands at the second position in terms of the market size owing to the huge demand from the defense sector for surveillance. The resurgent economy in the region is playing a vital role in market growth by increasing the consumers’ purchasing power.
Europe is not alone in its strong efforts to generate value from tethered drones. The United States, China, and India are also three key countries that are significantly investing in technology and innovative businesses that currently exceed the level of total European investments. In particular, the US is the leader in producing defense drone systems, followed by Israel, and China is the leader in producing leisure units that tend to be used more for professional purposes.
The Asia Pacific region is expected to grow rapidly due to the presence of emerging economies such as China and India. Among Gulf nations, Saudi Arabia and the UAE drive the growth in the MEA (the Middle East & Africa) market.
June 2019: AeroVironment and Softbank have together intended to initiate a drone-delivered internet service by the end of 2023. The drone named HAWK30 has a wingspan of 260 feet and is equipped with solar panels, which are mounted on the wings that drive 10 electric motors. The UAV can fly in the stratosphere at 65,000 feet above the sea level.
Table of Content:
1. Executive Summary
2. Scope of The Report
2.1. Market Definition
2.2. Scope of The Study
2.2.2. Research Objective
2.2.3. List of Assumptions
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
Continued. . .
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List of Tables:
Table 1 Global Tethered Drones Market: By Region, 2018-2023
Table 2 North America: Tethered Drones Market: By Country, 2018-2023
Table 3 Europe Tethered Drones Market: By Country, 2018-2023
Table 4 Asia-Pacific Tethered Drones Market: By Country, 2018-2023
Table 5 Middle East and Africa Tethered Drones Market: By Country, 2018-2023
Continued. . .
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