IMARC Group, a leading market research company, has recently releases report titled “Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global drones market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
Drones or unmanned aerial vehicles (UAVs) are aircraft that are remotely controlled by a pilot or autonomously navigated through a programmed onboard computer. They comprise several components such as an electronic speed controller (ESC), global positioning system (GPS) module, antenna, flight controller, and sensors. Some commonly available drone types include multi-rotor, fixed-wing, single-rotor, and fixed-wing hybrid vertical take-off and landing (VTOL) drones. They are produced using numerous materials, including fiberglass, carbon aluminum, fiber composites, and plastic. They are also employed for traffic and weather monitoring, personal use, delivery services, photography, videography, firefighting, surveillance, and rescue operations. As a result, drones are extensively adopted in military and defense, logistics, law enforcement, media and entertainment industries, construction, and agriculture across the globe.
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The market is primarily driven by the expanding military and defense industry and the escalating demand for drones to access and analyze the movement of enemies and provide real-time information on target positions. In addition, the increasing demand for construction activities due to their ability to survey the property, prevent harmful accidents on construction sites, and offer constant and exact project alerts while increasing safety, is contributing to market growth. Moreover, the integration of the internet of things (IoT), artificial intelligence (AI), and machine learning (ML) in drones to store and manage huge amounts of data represents another major growth-inducing factor. Besides this, the rising use of drones in the agriculture industry to reduce expenditure, enhance productivity, collect farm data, and automate repetitive tasks, is providing a positive thrust to the market growth. Furthermore, the surging product application in disaster management to identify affected areas facilitates the rescue of individuals and provides them with first aid kits, is also creating a favorable market outlook.
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The report covers the major market players including:
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