Flying Drones Market By Type (Rotary-Wing Flying Drones (Multi-Rotor and Single-Rotor), Fixed-Wing Flying Drones, and Fixed-Wing Hybrid VTOL), By Range (Intercity (100 Km - 400 Km) and Intracity (20 Km - 100 Km)), By Infrastructure and Platform (Infrastructure (Charging Infra/Stations/Pods, and Vertiports), Platforms (Passenger Drones, Combat Drones, and Cargo Drones)), By Propellers (8,12, and 18), and by Application (Military, Commercial, Government & Law Enforcement, Construction, Agriculture, Energy & Power, and Logistics & Transportation)- Global Analysis & Forecast 2020-2030
Report ID : 376 | Published Date : Aug 2020 | Pages : 150 | Region : Global | Report Code : AT-18
Flying Drones Market Overview and Introduction
In technological terms, a drone is an unmanned aircraft. Drones are more formally known as Unmanned Aerial Vehicles (UAVs) or Unmanned Aircraft Systems (UASes). Essentially, drones are flying robots that can be remotely controlled or fly autonomously through software-controlled flight plans in their embedded systems, working in conjunction with onboard sensors and GPS. The drone technology is constantly evolving as new innovation and big investment are bringing more advanced drones to the market every few months. This technology covers everything from the aerodynamics of the drone and materials in the manufacture of physical UAVs to circuit boards, chipset, and software, which are the brains of a drones. Drones are equipped with state-of-the-art technology such as infrared cameras, GPS, and laser technology. Drones are controlled by remote Ground Control Systems (GSC) and are also referred to as a ground cockpit.
The global flying drones market is majorly driven by the increasing utilization of modern warfare techniques by defense forces, leading to increased investments in drones. According to the Bard College Center for the Study of the Drone, the Department of Defense requested approximately $9.39 billion for drones and associated technologies in the 2019 budget. The increasing utilization of drones in civil & commercial applications, increasing work efficiency & productivity, decreasing workload and production costs, improving accuracy, refining security issues on a vast scale are a few of the top utilities that drones offer. Moreover, the major players investing heavily in the development of the drone technology, which is also boosting the market growth. For instance, Uber and Hyundai Motor Company have announced a new partnership to develop Uber Air Taxis for a future aerial rideshare network and unveiled a new full-scale aircraft concept at the Consumer Electronics Show (CES). However, the lack of proper air traffic management for flying drones may hinder the market growth to a certain extent.
The global flying drones market has been segmented into the following categories - type, end-user, and function.
Flying Drones Market By Type
Based on type, the market can be segmented into rotary-wing flying drones, fixed-wing flying drones, and fixed-wing hybrid VTOL. The rotary-wing flying drones segment is further sub-segmented into multi-rotor & single-rotor. The rotary-wing flying drones segment will dominate the market during the forecast period owing to the ability to take-off and land vertically, allowing the user to operate within a smaller vicinity with no substantial landing/take-off area required.
Flying Drones Market By Range
Based on range, the market can be segmented into intercity (100 km - 400 km) and intracity (20 km - 100 km). The intracity segment accounted for the largest market share owing to increased passenger numbers and the adoption of technologies, which are providing cost-effective & efficient service, and are also providing a highly satisfying experience for passengers.
Flying Drones Market By Infrastructure And Platform
Based on infrastructure and platform, the market can be segmented into infrastructure and platform. Infrastructure can be segmented into charging infra/stations/pods, vertiports, and others. Platforms can be segmented into passenger drones, combat drones, cargo drones, and others. The platform segment is projected to grow at the highest CAGR during the forecast period owing to increasing investments from various eVTOL manufacturers for commercial applications, such as air taxis, personal air travel, cargo transportation, and air ambulance.
Flying Drones Market By Propellers
Based on propellers, the market can be segmented into 8, 12, and 18. The 18 segment is projected to grow at the highest CAGR during the forecast period owing to increasing investments from various major players.
Flying Drones Market By Application
Based on application, the market can be segmented into military, commercial, government & law enforcement, construction, agriculture, energy & power, logistics & transportation, and others. The military segment accounted for the largest market share owing to surveillance being the main utility of an average military drone alongside gathering intelligence to save lives and reporting speeders on freeways.
Flying Drones Market By Region
Based on region, the global flying drones market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America dominated the market share owing to the presence of key E-VTOL aircraft manufacturers in the U.S., resulting in the increasing adoption of unmanned systems for various civil & commercial applications in the country. Moreover, the prescence of key players providing insurance solutions in the region is further contributing to the overall market growth in the region.
Flying Drones Market Prominent Players
Some of the key players operating in the global flying drones market include Uber Technologies Inc., Airbus S.A.S., Boeing., Volocopter GmbH, Lilium GmbH, Astro, Tactical Robotics LTD., EHang, DJI, Parrot Drone SAS., and others.