Report Highlights
The global market for drone technology is expected to grow from $30.0 billion in 2020 to $54.6 billion by 2025 with a compound annual growth rate (CAGR) of 12.7% for the period of 2020-2025.
Report Includes
- 27 data tables and 61 additional tables
- An overview of the global market for drone technology
- Analyses of market trends, with data from 2019, estimates for 2020 and projections of compound annual growth rates (CAGRs) through 2025
- Explanation of the major drivers and regional dynamics of the global drone technology market and evaluation of market size, market forecast, market share analysis and a relevant patent analysis
- Discussion on types of drones including unmanned ground vehicles, unmanned surface vehicles, unmanned marine vehicles and unmanned aerial vehicles
- Market analysis of the various applications of drones and identification of segments with high growth potential
- Description of demand for drones in surveillance, reconnaissance, military combat, and commercial applications
- Highlights of current and future market potential and a detailed analysis of the current market size, and regulatory scenarios
- Market share analysis of the leading suppliers of the industry and detailed company profiles of major players in the market, including General Atomics Aeronautical Systems Inc., Insitu Inc., AeroVironment Inc., SZ DJI Technology Co. Ltd., Oceaneering International Inc., and Northrop Grumman Corp.
Report Scope
The scope of the report includes an overview of the global market for drones as well as analyses of global market trends, with data from 2018 and 2019, the latter considered the base year, as well as estimates for 2020 through 2025, with projections of CAGR in the forecast period.
The report includes a discussion of technological, regulatory and competitive elements as well as economic trends affecting the market. It also explains the major drivers and regional dynamics of the global drone market and current trends within the industry.
The drone market is segmented into two categories:
- Type of unmanned vehicle: ground (UGVs), surface (USVs), underwater (UUVs) and aerial (UAVs).
- Application: Logistics and warehousing, defense, field operations and entertainment.
UGV includes only those unmanned vehicles used for military and commercial applications. It does not include driverless cars used by end consumers.
The report concludes with detailed profiles of the major vendors in the global drone market.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
Report Highlights
The global drone market should reach $52.2 billion by 2023 from $23.6 billion in 2018 at a compound annual growth rate (CAGR) of 17.2% for the period of 2018-2023.
Report Includes
- 33 data tables and 26 additional tables
- An overview of the global market for drone technology
- Analyses of global market trends, with data from 2016 to 2018 and projections of CAGRs through 2023
- Country-specific data and analysis for U.S., China, Russia, the U.K., Australia, Germany, Turkey, U.A.E., Brazil, France, Saudi Arabia, India, South Korea and Japan
- Coverage of history and market dynamics of drones
- Discussion of types of drones including unmanned ground vehicles, unmanned surface vehicles, unmanned marine vehicles and unmanned aerial vehicles
- Description of demand for drones in surveillance, reconnaissance, military combat and commercial applications
- Detailed description of major players in the market, including Aerovironment, Inc., BAE System, General Atomics Aeronautical Systems Inc., Lockheed Martin Corp., Parrot Drones SAS, Saab Seaeye Ltd. and Xiaomi Inc.
Report Highlights
The global drone market is expected to grow from $639.9 million in 2014 to $725.5 million in 2015. This market is further expected to grow to $1.2 billion by 2020 with a compound annual growth rate (CAGR) of 11.4% for the forecast period, 2015-2020.
Report Includes
- An overview of the global markets and technologies for drones, classified on the basis of traveling environment into Unmanned Ground Vehicles (UGVs), Unmanned Aerial Vehicles (UAVs), Unmanned Surface Vehicles and Unmanned Marine Vehicles (AUVs).
- Analyses of global market trends, with data from 2014, estimates for 2015 and projections of compound annual growth rates (CAGRs) through 2020.
- Analyses of the market by type, by application, by technology, by component and by geography.
- Details discussing the current and future trends and analysis based on various competitive technologies.
- Information on the market's value chain as well as competitive landscape.
- Relevant patent analysis.
- Profiles of leading players and their key developments and strategies.
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