Flying Drones Market is anticipated to grow at a CAGR of ~11% from 2020 to 2030.

Market Industry Reports (MIR) has published a new report titled “Flying Drones Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the Global Flying Drones Market anticipated to grow at a CAGR of ~11% from 2020 to 2030.

In aviation & space, a drone refers to an unpiloted aircraft or spacecraft. UAM, or Urban Air Mobility, refers to the transportation aspect of Smart City initiatives. Drones are set to play a crucial role in the future of UAM as passenger and delivery drones will, in the future, be transporting people and goods in urban areas. In the recent past, UAVs were most often associated with the military, where they were utilized initially for anti-aircraft target practice, intelligence gathering, and then, more controversially as weapons platforms. A typical unmanned aircraft is made of light composite materials to reduce weight and increase maneuverability. This composite material strength allows military drones to cruise at extremely high altitudes.

The market growth of flying drones can be attributed to factors, such as Smart City Initiatives, which demand Urban Air Mobility. Smart cities aim to utilize technology solutions to address issues such as air & water pollution, sanitation, and public safety. The initiatives often focus on areas, such as energy and water conservation, with cities incorporating smart street lighting and automated water meters. To improve traffic or environmental conditions, smart cities need data to track them. IoT sensors and devices can gather data on weather and traffic patterns, as well as water usage. For example, smart sensors allow streetlights to dim according to the number of pedestrians looking to cross the road. Other sensors measure air quality in highly populated areas.  Additionally, there is a need for alternative modes of transportation in urban mobility. Also, the adoption of urban air mobility due to environmental concerns will play a major role in driving the market. Moreover, the demand for an efficient mode of logistics & transportation is contributing to the growth of the market.

are helping in the market growth. Furthermore, significant investments by stakeholders in urban air mobility are expected to provide lucrative growth opportunities for the market.

Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, 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 in detail along with the table of contents:https://www.marketindustryreports.com/flying-drones-market/376

However, stringent regulations on urban air mobility operations by aviation authorities may curb market growth to a certain extent.

Asia Pacific is estimated to be the fast-growing region owing to the increasing travel and tourism in this region. Moreover, the region is the biggest source of global outbound tourist spending, with most of this spent on intra-regional travel. Furthermore, Eastern Asia-Pacific is the most competitive subregion in Asia-Pacific by far and the second-most competitive in the world. Air mobility using unmanned systems could become a powerful tool for enhancing public safety in Asian countries. An upsurge in investments by key market players is further supporting market growth. Additionally, governments’ support for driving developments in the aviation industry of the region is expected to give a robust growth platform during the forecast period.

Some of the prominent players 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.

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