#Multirotor Drones market analysis

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The Business Research Company offers multirotor drone market research report 2023 with industry size, share, segments and market growth

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Renewable Drones Market Analysis by Size, Share, Growth, Trends (2024-2032)

Introduction

A comprehensive overview of the Renewable Drones market is recently added by UnivDatos Market Insights to its humongous database. The Renewable Drones market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Renewable Drones market. The Renewable Drones market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Renewable Drones market at the global and regional levels.

The recent covid-19 pandemic in 2019 took the world by a storm. The pandemic brought the world to a standstill. All industries have suffered some form of loss due to the pandemic. In addition to this the pandemic has also cost many lives. Till date there have been 177,470,620 covid-19 cases in the world and 3,839,931 deaths. Most nations around the world were affected by the pandemic which not only took lives but also took away jobs. The pandemic caused a huge economic burden all around the world with most industries bearing some form of loss. The Renewable Drones industry also saw a slowdown during the pandemic as the industries were shut and production was affected.

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Market Overview

The Renewable Drones Market is expected to grow from US$ billion in 2020 to US$ XX billion in 2027 with a lucrative CAGR. The key reasons for this are that data can be collected almost 50 times faster with the help of drones. Solar farms are large parks and so manual check takes a long amount of time, whereas with the help of drones equipped with an appropriate thermal camera the detection can be made much faster. For example, usually wind turbines are inspected manually either by climbing or hanging down by a rope, which apart from being unsafe is also time consuming. With the help of drones this can be changes and data can be collected much more efficiently and in much less time. With the help of a drone 1 wind turbine (with 3 blades) can be inspected in 40 minutes. With the help of drones, solar and wind farm inspections are more accurate, faster, and more economical. This is expected to boost the renewable drones market in the coming times.

Based on type, the renewable drones market is segmented into Multirotor and Fixed wing. Amongst type, the multirotor segment of the renewable drones market was valued at US$ XX billion in 2020 and is likely to reach US$ XX billion by 2027 and is growing at a CAGR of XX% from 2021-2027. Multirotor drones have various advantaged over fixed rotor drones like performing vertical takeoffs and landings. They do not need much space to take flight, can maneuver around objects and can hover mid-flight, which allows for easy inspection, modeling, and mapping. Wind turbine inspection costs can minimize by 40% with the help of drones.

Based on solution, the renewable drones market is segmented into End-to-end solution and Point solution. Amongst solution, XX accounted for a market valuation of US$ XX billion in 2020 and is expected to reach US$ XX billion by the year 2027, at a CAGR of XX% over the analyzed period. End-to-end solutions includes everything from data analysis, accessories, reports etc. for the client such that nothing must be supplied from the outside. According to NREL researchers an average of 4 megawatts per square kilometer (about 10 megawatts per square mile) of area is required by windmills.

Based on end-user, the renewable drones market is segmented into solar and wind. The solar segment is further sub segmented into Solar PV and Solar CSP. The solar segment generated revenue of US$ XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX billion by 2027F. Solar farms are growing at a tremendous rate around the world as the solar cell technology is becoming more efficient and governments are realizing the potential of solar energy. Siemens Gamesa for Trianel Windkraftwerk Borkum II GmbH & Co. maintained and provided service for its Trianel Windpark Borkum II. This involved the servicing and maintenance of 32 Senvion 6.33 MW turbines.

COVID-19 Impact

The recent covid-19 pandemic in 2019 took the world by a storm. The pandemic brought the world to a standstill. All industries have suffered some form of loss due to the pandemic. In addition to this the pandemic has also cost many lives. Till date there have been 177,470,620 covid-19 cases in the world and 3,839,931 deaths.  Most nations around the world were affected by the pandemic which not only took lives but also took away jobs. The pandemic caused a huge economic burden all around the world with most industries bearing some form of loss. The Renewable Drones industry also saw a slowdown during the pandemic as the industries were shut and production was affected.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Renewable Drones market. The leading players have been analysed by using research methodologies for getting insight views on global competition.

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Conclusion

Additionally, the report provides detailed initiatives that are being taken in the field of renewable drones, globally. The report provides a detailed analysis of regions including North America (the U.S, Canada, and Rest of North America), Europe (Germany, France, Spain, Italy, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and the Rest of the World. Asia Pacific dominated the market in 2020, with XX% share. DJI Enterprise, Terra Drone, AgEagle Aerial Systems, DroneDeploy, Parrot Group, ABJ Drones, DRONE VOLT Group, Airpix, Sitemark, and Skylark Drones are some of the prominent players operating in the Renewable Drones market. Several M&As along with partnerships have been undertaken by these players to make Renewable Drones as cost-effective and as widely available as possible.

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Electric Unmanned Aerial Vehicles Market: Projected to Reach USD 16.51 Billion by 2032, Growing at a CAGR of 16.55% From 2024-2032.

The Electric Unmanned Aerial Vehicles Market Size Was Valued at USD 4.16 Billion in 2023 and is Projected to Reach USD 16.51 Billion by 2032, Growing at a CAGR of 16.55% From 2024-2032.

Electric Unmanned Aerial Vehicles (eUAVs) are cutting-edge aerial platforms that do not require human pilots and are intended for a variety of uses. These drones, with their electric motor systems, are more adaptable, environmentally friendly, and sustainable. Applications for fixed-wing and multirotor configurations can be found in military surveillance, commercial services like aerial photography and precision agriculture, and consumer-focused endeavors like infrastructure inspection. Longer flying periods, cost-effectiveness, and autonomous capabilities are obvious benefits. Because they offer effective and adaptable aerial solutions, eUAVs are revolutionizing various sectors as technological advancements further improve their capabilities.

Electric unmanned aerial vehicles (UAVs) using electric propulsion systems operate more sustainably and cleanly, supporting international efforts to cut carbon emissions. Because they require less maintenance and don't rely as much on conventional fuels, EUAVs are more cost-effective and operationally efficient. Additionally, the electric powertrain allows for longer flying times, which makes them appropriate for uses like monitoring and surveillance that call for prolonged aerial coverage. They are useful assets in the consumer, commercial, and military sectors due to their adaptability, simplicity of deployment, and capacity to reach difficult-to-reach places.

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Electric Unmanned Aerial Vehicles Market Top Key Players:

General Atomics Aeronautical Systems Inc. (United States)

Northrop Grumman Corporation (United States)

AeroVironment Inc. (United States)

Lockheed Martin Corporation (United States)

Kespry Drone (United States)

Thales Group (France)

Aeronautics Ltd. (Israel)

Elbit Systems Ltd. (Israel)

Israel Aerospace Industries Ltd. (Israel)

SZ DJI Technology Co. Ltd. (China), and Other Major Players.

The latest report on the Electric Unmanned Aerial Vehicles Market provides a detailed analysis of the market for the years 2024 to 2032. It presents a comprehensive overview of the global Electric Unmanned Aerial Vehicles industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Electric Unmanned Aerial Vehicles Market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.

Electric Unmanned Aerial Vehicles Market Trend Analysis

Democratization of Technology and Ease of Use

The evolution of electric propulsion systems is involved, in enhancing the efficiency and performance of eUAVs. Continuous research and development in battery technologies, energy storage, and lightweight materials contribute to extended flight times and increased payload capacities, addressing critical limitations of traditional fuel-powered counterparts.

 Increasing Integration of AI and Machine Learning

As AI and ML technologies advance, their incorporation into eUAV systems enhances the capabilities of these aerial vehicles, transforming them into intelligent, autonomous platforms. Machine learning algorithms empower eUAVs to adapt and learn from their surroundings, enabling more urban and efficient operations. This integration facilitates autonomous navigation, obstacle avoidance, and real-time decision-making, reducing the reliance on human control and expanding the scope of applications.

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Key Industry Developments in the Electric Unmanned Aerial Vehicles Market:

In May 2023, Nokia announced that the firm signed a deal with Belgium-based telecom operator Citymesh to supply 70 drone-in-a-box units. These units will cover Belgium with a 5G automated drone grid, which will help speed up resource mobilizations in emergency events.

In May 2023, Near Earth Autonomy announced that the US Air Force's AFWERX program selected Near Earth to work on a Reliability Standard for Autonomous Aerial Transport as part of Autonomy Prime. This collaboration highlights Near Earth's commitment to driving autonomous aircraft development to new heights.

 Key Benefits of Electric Unmanned Aerial Vehicles Market Research:

Research Report covers the Industry drivers, restraints, opportunities and challenges

Competitive landscape & strategies of leading key players

Potential & niche segments and regional analysis exhibiting promising growth covered in the study

Recent industry trends and market developments

Research provides historical, current, and projected market size & share, in terms of value

Market intelligence to enable effective decision making

Growth opportunities and trend analysis

Covid-19 Impact analysis and analysis to Electric Unmanned Aerial Vehicles Market

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Drone Surveillance Market Size, Share

The global offshore Drone Surveillance Market size is projected to reach USD 415.8 billion by 2027, exhibiting a CAGR of 19.6% during the forecast period. Rising deployment of drones for maritime monitoring operations will be a distinct trend driving this market, shares Fortune Business Insights™ in its report, titled “Offshore Drone Surveillance Market Size, Share & COVID-19 Impact Analysis, By Type (Multirotor, Fixed Wing, and Hybrid), By Application (Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection, Solar Panel Inspection, and Others), and Regional Forecast, 2023-2027”. Drones, or unmanned aerial vehicles (UAVs), have proven to be a highly efficient and cost-effective technology for conducting surveillance activities in offshore settings for various industries. The considerable benefits offered by these devices has induced governments and companies to deploy them to perform a range of functions such as gathering data for inspection, security & surveillance, and maritime search & rescue. For example, the UK Royal Navy has been utilizing drones to detect defects in ships so that the issues can be resolved while at sea. On the other hand, the European Maritime Safety Agency (EMSA) is employing UAVs to pollution monitoring, border control, and capturing illegal activities such as drug trafficking. Offshore drone surveillance technology is, thus, being widely applied for a variety of purposes, which bodes well for this market.

Market Driver

Increasing Reliance on Drones by Oil & Gas Companies amid COVID-19 to Propel Growth

Even as the coronavirus outbreak ravages the global economy, the offshore drone surveillance market growth is likely to gain momentum amid the pandemic as oil & companies show increasing dependence on UAVs for managing their rigs in the open seas. In the US, for example, the North Carolina-based drone service specialist SkyScopes is providing its state-of-the-art, LiDAR-powered UAVs to oil & gas companies in the region for the inspection of pipelines and other critical infrastructures. In Europe, Italy-domiciled energy company Snam has been testing ‘beyond the visual line of sight’ (BVLOS) unmanned aircraft systems (UAS) to test its vast network of pipelines. The main factor pushing the adoption of drones in the hydrocarbon industry is the sudden drop in on-site workforce due to the social distancing measures imposed to contain the coronavirus. More importantly, drones are a much safer option to conduct offshore surveillance activities as they eliminate the need to put workers’ lives in danger and can in fact boost efficiency.

Regional Insights

Rapid Adoption of UAVs to Foster Healthy Growth of the North America Market

North America commanded the offshore drone surveillance market share in 2019, showcasing a market size of USD 69.3 billion, on account of the speedy adoption of drones by utility companies and government agencies in the region. Besides this, growing intensity of exploration and production activities by oil & gas companies in the region will also stimulate the regional market during the forecast period.

While North America will lead the overall market, Asia Pacific is predicted to register the highest CAGR on account of the proliferation of UAV service providers in India and China. The market in the Middle East & Africa is expected to enjoy lucrative prospects owing to the large presence of oil & gas companies in the region.

Competitive Landscape

Launch of Cutting-Edge, Cost-Effective Solutions by Key Players to Spur Competition

Key players in the market for offshore drone surveillance systems are concentrating their energies on developing and introducing drone solutions that are not only top-of-the-line but are also cost-effective for end-users. Apart from this, companies are also investing in new market entrants to leverage their ideas and innovations.

Industry Developments:

August 2020: Equinor, the energy company based in Norway, announced the completion of the world’s maiden logistics operation using drones to an offshore construction. Manufactured by Schiebel, the drone carried a 3D-printed component for the lifeboat system on the Troll A platform in the North Sea.

July 2020: Texo DSI announced the successful delivery 3D digital twins of four offshore platforms – Tern Alpha, Cormorant Alpha, North Cormorant, and Eider Alpha – for its client, TAQA in the North Sea. Texo deployed UAVs to collect survey data from all four assets and the operation was completed in one week.

Source: https://www.fortunebusinessinsights.com/industry-reports/drone-surveillance-market-100511

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Drone Package Delivery Market Size to Reach at a Highest CAGR of 54.2% by 2028

Drone Package Delivery Market, By Solution (Platform, Infrastructure, Software, Service), Type (Fixed-Wing, Multirotor, Hybrid) Range (Short <25 km, Long>25 km), Package Size (< 2Kg, 2–5 Kg, > 5Kg), Duration, End Use, and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

Global Drone Package Delivery market is anticipated to reach USD 535.9 million in 2021 growing at a CAGR of 54.2% during the forecasting period, 2021-2028.

Drone package delivery is an unmanned aerial vehicle that is used to deliver food products and other packages. It also perform healthcare delivery along with ship resupply. Design of the drone is configured uniquely to what is to be delivered. It has sensors in order to be able to autonomously fly.

With the increase in demand for instant and recent governmental policies are some of the factors that have supported long-term expansion for Drone Package Delivery industry.

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Key Findings

Global Drone Package Delivery market is segmented into Solution, Type, Package Size, Duration, End Use and geography.

Solution segment is segmented into Platform, Infrastructure, Software, and Service

Type segment is segmented into Fixed-Wing, Multirotor, and Hybrid

Package Size segment is segmented into < 2Kg, 2–5 Kg, > 5Kg

Range segment is segmented into Short <25 km, Long>25 km

Geographically, global Drone Package Delivery market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

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Competitive Landscape

Key players in global Drone Package Delivery market are

Amazon.com, Inc. (US),

Deutsche Post DHL Group (Germany),

United Parcel Service of America, Inc. (US),

Zipline (US),

Matternet Inc., (US),

Airbus S.A.S. (Netherlands)

FedEx (US),

EHang (China),

Wing Aviation LLC (US),

Boeing (US)

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Gain authentic and granular data access for Drone Package Delivery market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

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What predictions for the future can help with strategic decision-making?

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What is the anticipated growth rate for the market economy globally?

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Renewable Drones Market Analysis, Statistics By Top Manufacturers 2023 to 2035

Research Nester published a report titled “Renewable Drones Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global renewable drone’s market in terms of market segmentation by drone type, solution, end user, and by region. 

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global renewable drones market is estimated to occupy a large revenue by growing at a CAGR of ~23% during the forecast period, i.e., 2023 – 2035, owing to the escalating adoption of drones for reducing cost of inspection operation, and growing demand for clean energy applications in drone technology. Apart from these, rising establishment of solar and wind energy power plants is also expected to drive market growth in the coming years.

The global renewable drone’s market is segmented by drone type, solution and end user. Based on drone type, the multirotor segment is anticipated to grab the largest market share during the forecast period on the back of the ability of these drones to perform vertical takeoffs and landings. Additionally, by end user, the solar segment is projected to grab the largest share over the forecast period ascribing to the growing demand for renewable drones for solar farm maintenance and inspection.

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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the increasing demand for renewable drones from various end user industries in the region. Moreover, the market in Asia Pacific region is assessed to grow by the highest rate in the future owing to the rising urbanization, and growing investments in renewable energy generation.

The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.

Rising Demand for Clean Energy Applications Worldwide to Drive Market Growth

As a result of growing emphasis on the impact of global warming on climate change, there has been a hike in demand for clean energy generation all across the globe. This has also given rise to the growing construction of solar and wind energy farms that require continuous inspection and maintenance, which in turn is estimated to boost the demand for renewable drones in the future. 

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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However, shortage of skilled professionals is expected to operate as key restraint to the growth of the global renewable drones market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global renewable drones market which includes company profiling of Terra Drone Corporation, Aerodyne Systems Sdn. Bhd., DroneDeploy, Inc., SZ DJI Technology Co., Ltd., DRONE VOLT Group, Parrot Group, Nano Net Technologies Inc., SkySpecs, Inc., FORCE Technology Sweden AB, Cyberhawk Inc, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global renewable drones market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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Electric-Driven Fixed Wing Unmanned Aerial Vehicles Market By, And Region Global Market Analysis And Forecast, 2022-2028

The Global Electric-Driven Fixed Wing Unmanned Aerial Vehicles Market is anticipated to develop at a significant growth rate over the analysis period 2022-2028.

Fixed-wing UAVs (Unmanned Aerial Vehicles), also known as fixed-wing UAS, fixed-wing RPAS, or fixed-wing drones, are aircraft that fly autonomously. Fixed-wing UAVs can be piloted autonomously by onboard computers or remotely by a human operator. Fixed-wing aircraft design has been the key to its success. A fixed-wing aircraft only needs enough power to go forward, unlike a multirotor, which constantly draws large amounts of power from the battery to spin its propellers enough to generate lift. The aircraft passively generates lift by cutting through the air at a particular angle with its wings. Fixed-wing aircraft proved useful on larger projects that would have taken much longer with multi-rotor aircraft and were sometimes impossible on foot because previously they were the only option to cover a large area with a reasonable chance of quality, resolution and precision of data.

The research study includes an examination of many aspects that contribute to the market's expansion. Market trends, restrictions, and drivers that have a favorable or negative influence on the market are included. This section also discusses the many businesses and applications that may have an impact on the market in the future. The information is based on both recent and historical patterns. The cost structure, market size, Electric-Driven Fixed Wing Unmanned Aerial Vehicles Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report.

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Detailed Study on Multirotor Drones Market Research 2019 Global Industry Analysis by Overview, Companies Profiled  Coptercam, Lockheed Martin LMT,AeroVironment Inc. and Market Outlook 2025

A multirotor or multicopter is a rotorcraft with more than two rotors. An advantage of multirotor aircraft is the simpler rotor mechanics required for flight control.

The world's Multirotor Drones  Market is thoroughly analyzed, including the main part of the market. In-depth market segmentation, which reflects the key factors included in the market research report, is described below. According to the market, it is expected to grow at a CAGR during the evaluation period 2019-2025.

Key Players Mentioned: AeroVironment Inc., DJI Innovations Inc., MicroDrones GmBh, Lockheed Martin LMT, PrecisionHawk Inc., 3D Robotics, Aibotix GmBh, Dragonfly Innovations, Coptercam, Cyberhawk Innovation Ltd. Request Sample @t: https://introspectivemarketresearch.com/request-samples.php?_id=&_sid=490

 This report provides a 360-degree overview of competitive scenarios in the global Multirotor Drones Market. This report forecasts the size and value of the global market over the forecast period. The report also presents thorough qualitative and quantitative data that influence the expected impact of these factors on the market's future growth prospects.

Product Segment Analysis: Tricopters, Quadcopters, Hexacopters, Octocopters, Others

Application Segment Analysis: Aerial Photography/Videography, Agriculture, Mapping & Surveying, Real State Photography, Payload Carrying, Bird Control, Product Delivery, Aviation, Search and Rescue, Marine Mission, Others

Regional Segment Analysis: North America, Europe, Asia-Pacific, South America, Middle East and Africa

The research report provides a broad overview of new trends and emerging trends in the market. This report provides an assessment of the strengths and weaknesses of the market, along with other factors that are expected to dominate the market. It also details the dynamics of the Multirotor Drones  market for a comprehensive understanding. Ask For Discount @t: https://introspectivemarketresearch.com/ask-for-discount.php?_id=&_sid=490

 Finally, the report covers the market situation and growth prospects for the next few years, briefly covers the product life cycle and compares the already commercialized details of the various commercialization possibilities with relevant products from several industries already commercialized. It provides information on recent product innovations and an overview of potential local market shares.

The Scope of this Global Multirotor Drones  Market Report: 1. Multirotor Drones  analysis predicts the representation of this market, supply and demand, capacity, detailed investigations, etc. 2. Even the report, along with the international series, conducts an in-depth study of rules, policies and current policy. 3. In addition, additional factors are mentioned: imports, arrangement of commodity prices for the market, supply and demand of industry products, major manufacturers. 4. The report starts with Multirotor Drones market statistics and moves to important points, with dependent markets categorized by market trend by application. 5. Applications of market may also be assessed based on their performances. 6. Other market attributes, such as future aspects, limitations and growth for all departments. Inquiry @t: https://introspectivemarketresearch.com/Enquiry-before-buying.php?_id=&_sid=490

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Rapid Technological Up-Gradation to Impel the Growth of Multirotor Drones market in future, according to Research Nester

“Multirotor Drones Market: Global Demand Analysis & Opportunity Outlook 2024”

The global multirotor drones market is segmented into product type such as tricopters, quadcopters, hexacopters, octocopters and others. Among these segments, quadcopters segment is expected to flourish during the forecast period. The rise of the quadcopters segment is backed by its compact and lightweight design. Moreover, quadcopters are witnessing high demand from various sectors such as media and entertainment, agriculture, defense and others owing to its ease controlling.

The global multirotor drones market was valued at USD 12.6 Billion in 2016. Global multirotor drones market is expected to register a remarkable CAGR over the forecast period. Growing utilization of drones in farming and military applications is anticipated to bolster the growth of global multirotor drones market during the forecast period.    

The agriculture segment by application is likely to grow at remarkable pace during the forecast period. Growing adoption of multirotor drones in agriculture sector due to their ability to their ability to perform various tasks such as field mapping, crop management, spraying and more is a key factor which is likely to drive the growth of this segment during the forecast period.

Implementation of drones in industries

Various industries such as agriculture, construction, drone service, education, mining, oil & gas and others are rapidly adopting multicopter drones. Further, growing adoption of multirotor drones in various industries due to its cheap cost, compact design, light weight and good controlling features are also a major factor which is driving the growth of global multirotor drones market in near future.  

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Use of multirotor drones for public safety

Growing adoption of multirotor drones by law and enforcement authorities is a major factor which is driving the growth of global multirotor drones market. Further, increasing application of multirotor drones in search and rescue, disaster relief planning and management is likely to foster the growth of global multirotor drones market.

Although, government regulations regarding the violation of privacy policies and high cost of multirotor drones are some of the factors that are likely to inhibit the growth of the multirotor drones market during the forecast period.

The report titled “Multirotor Drones Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global multirotor drones market in terms of market segmentation by product type, by application, by end-user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

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This report also provides the existing competitive scenario of some of the key players of the global multirotor drones market which includes company profiling of AeroVironment Inc., DJI Innovations Inc., MicroDrones GmBh, Lockheed Martin LMT, PrecisionHawk Inc., 3D Robotics, Aibotix GmBh, Dragonfly Innovations, Coptercam, Cyberhawk Innovation Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global multirotor drones market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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[balrajgis]

Drone Inspection and Monitoring Market Industry Specific Opportunities and Trends Affecting the Growth | American Robotics, Aerovironment Inc., Ageagle Aerial Systems Inc.

Global Drone Inspection and Monitoring Market report from Global Insight Services is the single authoritative source of intelligence on Drone Inspection and Monitoring Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Drone inspection and monitoring is the use of unmanned aerial vehicles (UAVs) equipped with cameras and other sensors to inspect and monitor infrastructure and other assets. This can include everything from bridges and buildings to pipelines and power lines. Drone inspection and monitoring can provide a cost-effective and safe way to assess the condition of infrastructure and identify potential problems. It can also be used to monitor construction projects or track environmental conditions.

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Key Trends

There are several key trends in drone inspection and monitoring technology. One is the increasing use of drones for industrial inspections, such as of power lines, pipelines, and bridges. This is driven by the need for more cost-effective and safe methods of inspection, as well as the increasing availability of drone technology.

Another key trend is the use of drones for environmental monitoring. This includes applications such as monitoring of wildlife, tracking of environmental disasters, and measuring air and water quality. This is driven by the need for more effective environmental monitoring and the increasing availability of drone technology.

Key Drivers

The key drivers of the drone inspection and monitoring market are the increasing demand for operational efficiency and safety, the need for real-time data, and the declining cost of drone technology.

Operational efficiency is a key driver because drones can be used to inspect hard-to-reach areas, gather data more quickly and accurately than traditional methods, and do so without putting workers in harm’s way. For example, drones can be used to inspect power lines, pipelines, and other critical infrastructure for signs of wear and tear, damage, or other issues.

Market Segments:

By Solution

Platform

Software

By Type

Fixed Wing

Multirotor

By Operation Mode

Remotely Piloted

Optionally Piloted

By Application

Construction & Infrastructure

Oil & Gas

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Key Market Players:

American Robotics

Aerovironment Inc.

Ageagle Aerial Systems Inc.

DJI

Israel Aerospace Industries

Microdrones

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10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

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[regionalresearchreports]

Inspection Drones Market Opportunity and Forecast by 2030

Inspection Drones Market anticipated to grow 1.5x by the end forecast period with a CAGR of over 15.9% during the forecast period (2022 to 2030).

Drones are witnessing growing possibilities for utility in numerous fields of work. Owing to their pace and agility, those winged gadgets are a concise method of turning in whole and valued results. Currently, drones equipped with sensors and cameras are setting up their really well worth in collecting real-time pictures that may be saved for later assessment. Un-crewed aerial structures can find out failing systems and device in much less time and for cheap costs compared to standard methods. In 2020, the American Society of Civil Engineers reckoned that americaA by myself required USD 3.6 trillion in infrastructure funding simply to convey the country’s help structures to best levels. Innovative technology like device gaining knowledge of and laser are broadening the scope of utility of those inspection drones in which they're getting stocked with the specified technology to carry out particular obligations at some stage in the inspection. This new functionality gives boom possibilities for drone producers withinside the marketplace.

The outbreak and the spread of the COVID-19 led to increased demand and use of drones, as their advantages outweigh the capability challenges and problems associated with them. They are being utilized in Africa, Asia, and North America to supply COVID-19 vaccines and check out and screen the outbreak in distant places of nations like China. Police and authorities’ officials across the world have applied drones to attain faraway policing and impose social distancing. This is regardless of many regulation enforcement budgets having been badly tormented by dwindled tax sales and price range reallocation. Current pilot applications are growing drone experiments at some point of the pandemic as groups flip to generation to address operational incompetence.

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Global Inspection Drones Market Segmentation:

Global Inspection Drones Market, by Solution

Software

Services

Platform

Infrastructure

Global Inspection Drones Market, by Application

Construction & Infrastructure

Agriculture

Utilities

Oil & Gas

Mining

Others

Global Inspection Drones Market, by Type

Fixed Wing

Multirotor

Hybrid

Based on the region, the Global Inspection Drones printing market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2020, North America has the largest market region in the global Inspection Drones market.

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Global Inspection Drones Market, by region

North America

Europe

Asia Pacific

The Middle East & Africa

US

Canada

Mexico

Germany

Italy

France

UK

Spain

Poland

Russia

Slovenia

Slovakia

The Netherlands

Belgium

Norway

Denmark

Czech Republic

Sweden

Rest of Europe

China

Japan

India

South Korea

Indonesia

Malaysia

Thailand

Vietnam

The Philippines

Singapore

Australia & New Zealand

Rest of Asia Pacific

South America

Brazil

Argentina

Colombia

Rest of Latin America

Saudi Arabia

UAE

South Africa

Northern Africa

Rest of MEA

Report Analysis: https://www.regionalresearchreports.com/industry-reports/inspection-drones-market/AD-1203

Major market players covered in the Global Inspection Drones Market:      

Furukawa Electric Co., Ltd

Kobe Steel, Ltd.

Luvata

MetTube

Mueller Industry

Cerroflow Products

Golden Dragon

Mehta Tubes

Qingdao Hongtai Metal Co.Ltd.

Shanghai Hailiang Copper Tubes

[marketinsight1234]

Electric Unmanned Aerial Vehicles Market Worldwide Industry Analysis, Future Demand and Forecast till 2032

The Electric Unmanned Aerial Vehicles Market Size Was Valued at USD 4.16 Billion in 2023 and is Projected to Reach USD 16.51 Billion by 2032, Growing at a CAGR of 16.55% From 2024-2032.

Electric Unmanned Aerial Vehicles (eUAVs) are advanced aerial platforms designed for various applications, eliminating the need for human pilots. Propelled by electric propulsion systems, these drones offer versatility, sustainability, and reduced environmental impact. Ranging from fixed-wing to multirotor configurations are used in applications in military surveillance, commercial services like precision agriculture and infrastructure inspection, and consumer-oriented activities such as aerial photography. Evident advantages include extended flight times, cost-effectiveness, and autonomous capabilities. As technological innovations continue to enhance their performance, eUAVs play a key role in reshaping industries by providing efficient and flexible airborne solutions.

Electric propulsion systems in Electric Unmanned Aerial Vehicles provide cleaner and more sustainable operations, aligning with global efforts to reduce carbon emissions. EUAVs boast enhanced operational efficiency and cost-effectiveness due to lower maintenance requirements and reduced reliance on traditional fuels. The electric powertrain also enables longer flight durations, making them suitable for applications requiring extended aerial coverage, such as surveillance and monitoring. Their versatility, ease of deployment, and ability to access hard-to-reach areas make them valuable assets in military, commercial, and consumer domains.

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Updated Version 2024 is available our Sample Report May Includes the:

Scope For 2024

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by Worldwide Market Reports

Leading players involved in the Electric Unmanned Aerial Vehicles Market include:

General Atomics Aeronautical Systems Inc. (United States), Northrop Grumman Corporation (United States), AeroVironment Inc. (United States), Lockheed Martin Corporation (United States), Kespry Drone (United States), Thales Group (France), Aeronautics Ltd. (Israel), Elbit Systems Ltd. (Israel), Israel Aerospace Industries Ltd. (Israel), SZ DJI Technology Co. Ltd. (China), and Other Major Players.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. 

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Segmentation of Electric Unmanned Aerial Vehicles Market:

By Type

Fixed-Wing eUAVs

Multirotor eUAVs

Hybrid eUAVs

By Technology

Battery

Solar

Fuel Cell

By Application

Military and Defense

Commercial

Consumer

An in-depth study of the Electric Unmanned Aerial Vehicles industry for the years 2024–2032 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report's segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers' values, needs, and buying inclinations, are integral parts of any thorough market analysis.

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Key Benefits of Electric Unmanned Aerial Vehicles Market Research: 

Research Report covers the Industry drivers, restraints, opportunities and challenges

Competitive landscape & strategies of leading key players

Potential & niche segments and regional analysis exhibiting promising growth covered in the study

Recent industry trends and market developments

Research provides historical, current, and projected market size & share, in terms of value

Market intelligence to enable effective decision making

Growth opportunities and trend analysis

Covid-19 Impact analysis and analysis to Electric Unmanned Aerial Vehicles market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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Offshore Drone Surveillance Market Size, Share

The global offshore Drone Surveillance Market size is projected to reach USD 415.8 billion by 2027, exhibiting a CAGR of 19.6% during the forecast period. Rising deployment of drones for maritime monitoring operations will be a distinct trend driving this market, shares Fortune Business Insights™ in its report, titled “Offshore Drone Surveillance Market Size, Share & COVID-19 Impact Analysis, By Type (Multirotor, Fixed Wing, and Hybrid), By Application (Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection, Solar Panel Inspection, and Others), and Regional Forecast, 2023-2027”. Drones, or unmanned aerial vehicles (UAVs), have proven to be a highly efficient and cost-effective technology for conducting surveillance activities in offshore settings for various industries. The considerable benefits offered by these devices has induced governments and companies to deploy them to perform a range of functions such as gathering data for inspection, security & surveillance, and maritime search & rescue. For example, the UK Royal Navy has been utilizing drones to detect defects in ships so that the issues can be resolved while at sea. On the other hand, the European Maritime Safety Agency (EMSA) is employing UAVs to pollution monitoring, border control, and capturing illegal activities such as drug trafficking. Offshore drone surveillance technology is, thus, being widely applied for a variety of purposes, which bodes well for this market.

Source: https://www.fortunebusinessinsights.com/industry-reports/drone-surveillance-market-100511

Market Driver

Increasing Reliance on Drones by Oil & Gas Companies amid COVID-19 to Propel Growth

Even as the coronavirus outbreak ravages the global economy, the offshore drone surveillance market growth is likely to gain momentum amid the pandemic as oil & companies show increasing dependence on UAVs for managing their rigs in the open seas. In the US, for example, the North Carolina-based drone service specialist SkyScopes is providing its state-of-the-art, LiDAR-powered UAVs to oil & gas companies in the region for the inspection of pipelines and other critical infrastructures. In Europe, Italy-domiciled energy company Snam has been testing ‘beyond the visual line of sight’ (BVLOS) unmanned aircraft systems (UAS) to test its vast network of pipelines. The main factor pushing the adoption of drones in the hydrocarbon industry is the sudden drop in on-site workforce due to the social distancing measures imposed to contain the coronavirus. More importantly, drones are a much safer option to conduct offshore surveillance activities as they eliminate the need to put workers’ lives in danger and can in fact boost efficiency.

Regional Insights

Rapid Adoption of UAVs to Foster Healthy Growth of the North America Market

North America commanded the offshore drone surveillance market share in 2019, showcasing a market size of USD 69.3 billion, on account of the speedy adoption of drones by utility companies and government agencies in the region. Besides this, growing intensity of exploration and production activities by oil & gas companies in the region will also stimulate the regional market during the forecast period.

While North America will lead the overall market, Asia Pacific is predicted to register the highest CAGR on account of the proliferation of UAV service providers in India and China. The market in the Middle East & Africa is expected to enjoy lucrative prospects owing to the large presence of oil & gas companies in the region.

Competitive Landscape

Launch of Cutting-Edge, Cost-Effective Solutions by Key Players to Spur Competition

Key players in the market for offshore drone surveillance systems are concentrating their energies on developing and introducing drone solutions that are not only top-of-the-line but are also cost-effective for end-users. Apart from this, companies are also investing in new market entrants to leverage their ideas and innovations.

Industry Developments:

August 2020: Equinor, the energy company based in Norway, announced the completion of the world’s maiden logistics operation using drones to an offshore construction. Manufactured by Schiebel, the drone carried a 3D-printed component for the lifeboat system on the Troll A platform in the North Sea.

July 2020: Texo DSI announced the successful delivery 3D digital twins of four offshore platforms – Tern Alpha, Cormorant Alpha, North Cormorant, and Eider Alpha – for its client, TAQA in the North Sea. Texo deployed UAVs to collect survey data from all four assets and the operation was completed in one week.

[researchdive]

Defense Drone Market study applications types and market analysis including growth trends and forecasts to 2028

The global defense drone market forecast to be valued at $16,902.0 million by 2028, surging from $9,314.9 million in 2020, at a noteworthy CAGR of 7.9%.

Analysis of Covid-19 Impact on Defense Drone Market

The Covid-19 impact on defense drone market demand has been negative. 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 defense drone market. Major companies in this sector such as Northrop Grumman Corporation, Lockheed Martin Corporation, and others have experienced a reduction in demand in the defense drone market. These factors are expected to negatively impact the market growth.

The coronavirus epidemic has enforced the companies in the defense drone 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 defense drone market growth.

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Global Defense Drone Market Analysis

The increasing threat of terrorist activities is expected to aid the growth of global defense drone market share in the forecast period. As per the “Global Terrorism Index” report, 2020 published by the "Institute for Economics and Peace”, a global think tank headquartered in Sydney, Australia, the total number of deaths from terrorism in 2019, were around 13,826 globally and the global economic impact of terrorism was estimated to be US $26.4 billion in 2019. The data mentioned above reflects the adverse impact of terrorism on the global population and the economy, aiding the need for implementation of security measures across the world. The utilization of defense 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.

However, the complex nature of technology involved in the defense drones, which requires highly skilled workforce with majority of its manufacturers in the developed countries can act as a barrier in the transfer of technology in the developing and underdeveloped regions. These factors are expected to hamper the growth of this market.

The defense drone trends such as new innovations in the field of defense avionics are expected to expand the defense drone market size. For instance, in in July 2021, US based major drone manufacturer, General Atomics Aeronautical Systems (GA-ASI), launched a missile-armed new unmanned combat drone. The drone is being developed as part of a Defense Advanced Research Projects Agency (DARPA) programme called LongShot. It includes major defense companies like Lockheed Martin and Northrop Grumman as industry partners as well. These new developments are anticipated to open new scope of opportunities for the global defense drone market in unmanned warfare domain.

Global Defense Drone Market, Segmentation

The global defense drone market is segmented based on product type, payload, application, range, and region.

Product Type:

The product type segment is further classified into fixed-wing systems, multirotor systems, and others. Among these, the multirotor systems sub-segment is expected to be the fastest and surpass $6,869.4 million by 2028, with an increase from $3,722.4 million in 2020.

The increased emphasis on research and development has led to major developments in the field of defense drones. For instance, in February 2021, the European Commission selected the European Detect and Avoid System (EUDAAS) consortium, with Swedish aerospace and defense company “Saab” as leading partner. The development and detection capability of large military remotely-piloted aircraft systems (RPAS) will be carried out within the “European Defense Industrial Development Programme”. Developments like these are expected to positively impact the growth of this sub-segment

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Payload:

The payload segment is further classified into small drones, medium drones, and large drones. Among these, small drones sub-segment is anticipated to dominate in the forecast period and surpass $7,901.2 million by 2028, with an increase from $4,376.1 million in 2020.

The effectiveness in surveillance and combat operations at a small scale is expected to aid the growth of small drone’s sub-segment. In recent developments, for instance, in September 2021, the Indian army, signed a pact of over 100 ‘Explosive-Laden Drones’, that will be manufactured by Bengaluru-based firm, Alpha Design-led joint venture (JV) along with Israel’s Elbit Security Systems (ELSEC). The ‘SkyStriker’ drones have a range of about 100km and they are built to operate beyond the line-of-sight ground targets. The contract is estimated to be around Rs 100 crore. These factors are expected to contribute to the growth of this sub-segment in the forecast period.

Application:

Based on application, the market has been sub-segmented into intelligence, surveillance reconnaissance, & target acquisition (ISRT), combat operations, and others. The combat operations sub-segment is projected to be the fastest growing in the global market and register a revenue of $6,556.2 million during the forecast timeframe of 2021-2028.

The increasing utilization of defense drones combat drones for the target identification and threat elimination is expected to aid the growth of this market. in May 2020, American defense manufacturing company, Boeing, launched “Loyal Wingman” combat drone for the Royal Australian Air Force for improvement in the combat capabilities. The drone is semi-autonomous, which means that fighter pilots will not have to remotely control the maneuvers of the drone. These aspects are expected to aid in the growth of the combat drones sub-segment during the forecast period.

Range:

Based on range, the market has been sub-segmented into short range, medium range, and high range. The medium range sub-segment is projected to be the fastest growing in the global market and register a revenue of $6,039.6 million during the forecast timeframe of 2021-2028.

The ability to operate longer range surveillance and combat operations is expected to aid the growth of medium range sub-segment in the forecast period. In new developments, for instance, in February 2021, U. S based, AeroVironment, Inc unmanned aircraft systems, announced it had completed its acquisition of Arcturus UAV, Inc., a leading designer and manufacturer of high-performance unmanned aircraft systems (UAS). The size of the transaction is approximately $405 million. The acquisition has aided the expansion of medium range defense drones to AeroVironment’s portfolio. These aspects are expected to aid in the growth of the medium range sub-segment during the forecast period.

Region:

The defense drone market forecast for the North America region generated a revenue of $3,319.8 million in 2020 and is further projected to reach up to $5,890.3 million by 2028. The North America region is expected to be the dominating region for the defense drone market in the forecast period.

The North American region is the hub of most developed and established framework of national security in the world. The major countries in the North America region such as the USA and Canada are having a high expenditure for the internal security of their countries. For instance, the US security expenditure reached to an estimated $778 billion in 2020, highest in the world as per the "Stockholm International Peace Research Institute (SIPRI). These factors are expected to aid the growth of the defense drone market in the North America region.

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Top 10 Major Key Players in the Global Defense Drone Market are -

General Atomics Aeronautical Systems, Inc.

Northrop Grumman Corporation,

Lockheed Martin Corporation

Elbit Systems Ltd.,

Textron Systems,

AeroVironment, Inc.

Thales Group

Boeing

Israel aerospace industries ltd

SAAB Group

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.

About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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[nita-world]

eVTOL Aircraft Market Forecast Growth Revenue value trends Manufacturers Global Industry Analysis, Size, Share, Trends, And Forecast, 2021-2031

eVTOL   Aircraft Market: Information by Type (Air Taxis, Delivery Drones and others), Battery Type (Lithium-Ion Batteries, Solid-State Batteries and Hydrogen Fuel Cells), Lift Technology (Multirotor, Vectored Thrust, Lift Plus Cruise and others), Type of Propulsion (Fully Electric, Hybrid, and Electric Hydrogen), Type of MTOW (<250 kg, 250–500 kg, 500–1,500 kg and >1,500 kg), Range (0–200 km and 200–500 km), Mode of Operation (Piloted and Optionally Piloted) - Forecast till 2030 By MRFR

Overview

Global eVTOL   Aircraft Marketis expected to reach USD 4,063.3 Million by 2030 at a CAGR of 30.30% during the forecast period.

The growth of the global eVTOL   Aircraft Marketcan be attributed to rising traffic congestion and rapid technological advancements. However, safety concerns and limited endurance are expected to restrain the et growth during the forecast period.

Regional Analysis

The geographic analysis of the global eVTOL   Aircraft Marketincludes North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin Africa.

The market in North America was valued at USD 78.0 Million in 2018. The US and Canada are the country-level markets in North America. The market in the region is expected to reach USD 1,508.3 Million by 2030 at a 29.54% CAGR during the forecast period. This growth can be attributed to the presence of prominent companies such as Aurora Flight Sciences and Workhorse. Furthermore, technological advancements and rising investment by the US Army in the L aircraft market are expected to drive the growth of the market in the region.

Europe accounted for the second-largest share of the market in 2018. The European market includes the UK, Germany, France, Switzerland, Belgium, Bulgaria, Finland, Poland, and the rest of Europe. The increasing investments by prominent automotive OEMs based in the region in developing eVTOL   aircraft are driving the et growth. For example, in 2017, Daimler AG invested USD 30 million in Volocopter GmbH to develop a vehicle with an electric powertrain that can carry up to five passengers. Hence, the eVTOL   Aircraft Marketin Europe is expected to reach USD 1,141.4 million by 2030 at a CAGR of 30.26% during the forecast period.

Asia-Pacific constituted a large share of the global eVTOL   Aircraft MarketForecast  in 2018. The market in the region has been divided into China, Japan, India, Australia, Singapore, South Korea, New Zealand, and the rest of Asia-Pacific. The regional market was valued at USD 33.9 million in 2018 and is expected to reach USD 811.0 Million by 2030 at a CAGR of 31.88%. Rapid urbanization, rising disposable incomes, and a focus on drones for transportation are expected to bolster market growth in the region.

The Middle East & Africa accounted for a considerable share of the global market in 2018. The market the region has been segregated into the UAE and the rest of the Middle East & Africa. The regional market was valued at USD 20.4 million in 2018 and is expected to reach USD 434.4 million by 2030 a CAGR of 30.61% during the forecast period. Factors such as high standards of living and a focus on enhancing passenger mobility are creating promising growth avenues for the eVTOL   Aircraft Marketin the Middle East & Africa.

In Latin America, the eVTOL   Aircraft Marketis expected to reach USD 89.3 million by 2030 a CAGR of 29.78%. The market in the region has been divided into Brazil and the rest of Latin America. Investments by aircraft OEMs in the eVTOL   Aircraft Marketare driving the et growth. For example, in 2018 EmbraerX, a subsidiary of Embraer SA, unveiled its eVTOL   aircraft at the Uber Elevate Summit.

Segmental Analysis

The Global eVTOL   Aircraft Markethas also been segmented by type, battery type, lift technology, type of propulsion, type of MTOW, range, mode of operation, and application.

Based on type, the global eVTOL   Aircraft Markethas been divided into air taxis, delivery drones, and others. The air taxis segment dominates the global market. It was valued at USD 140.4 million in 2018 and is anticipated to expand at a CAGR of 29.98% during the forecast period.

In terms of battery type, the market has been classified as lithium-ion batteries, solid-state batteries, and hydrogen fuel cells. The lithium-ion batteries segment was the largest, valued at USD 172.1 million, in 2018 and is projected to exhibit a CAGR of 29.46% during the forecast period.

On the basis of lift technology, the global eVTOL   Aircraft Markethas been categorized as multirotor, vectored thrust, lift plus cruise, and others. The multirotor segment is anticipated to exhibit the highest CAGR during the forecast period.

By type of propulsion, the market has been segmented into fully electric, hybrid, and electric hydrogen. The fully electric segment dominates the market. The segment was valued at USD 138.0 million in 2018.

On the basis of the of MTOW, the global eVTOL   Aircraft Markethas been categorized as <250 kg, 250–500 kg, 500–1,500 kg, and >1,500 kg. The 500–1,500 kg segment is anticipated to register the highest CAGR during the forecast period.

By range, the market has been segmented into 0–200 km and 200–500 km. The 0–200 km segment dominated the market. The segment was valued at USD 175.1 million in 2018.

Based on the operation, the global eVTOL   Aircraft Markethas been divided into piloted and optionally piloted. The piloted segment dominates the global market. It was valued at USD 134.0 million in 2018 and is anticipated to exhibit a CAGR of 28.94% during the forecast period.

In terms of application, the global eVTOL   Aircraft Markethas been bifurcated into commercial, cargo, and military. The cargo segment is projected to register the highest CAGR during the forecast period.

Competitive Analysis

Prominent Players in the Global eVTOL   Aircraft Marketinclude EHANG (China), A³ by Airbus (US), Volocopter GmbH (Germany), Uber Technologies Inc. (US), Lilium GmbH (Germany), Aurora Flight Sciences (US), Bell Textron Inc. (US), TERRAFUGIA (US), Kitty Hawk (US), and Workhorse (US).

The other companies profiled in the report are EmbraerX (Brazil), Karem Aircraft, Inc. (US), Neva Aerospace (UK), LIFT Aircraft Inc. (US), Opener (Canada), Pipistrel Group (Slovenia), Vertical Aerospace Ltd (UK), HOVERSURF (US), Cartivator (Japan), Joby Aviation (US), Amprius Technologies (US), Sion Power Corporation (US), MOLICEL (Taiwan), EaglePicher Technologies (US), OXIS Energy Ltd (UK), and MGM COMPRO (Czech Republic). Mergers, acquisitions, and collaborations are some of the key strategies adopted by these companies to gain an edge over their competitors.

Key Developments

In October 2019, Volocopter GmbH completed the first test flight of its eVTOL   aircraft in Singapore. The development enabled the company to strengthen its presence in the eVTOL   aircraft market.

In May 2019, EHANG entered into a partnership with DHL-Sinotrans to launch a fully automated smart drone delivery solution.

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