Global Drone Industry was valued at USD 14.5 Billion in the year 2017. Global Drone Industry is further estimated to grow at a CAGR of 18.83% from 2018 to reach USD 66.93 Billion by the year 2025. North America region holds the largest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level, the U.S Industry is projected to grow strongly in the coming years.
Global Drone Industry Share by 2025
The major Industry players in Drone Industry are DJI Drones, UVify Inc., Hubsan Drones, 3D Robotics Inc., General Atomics, Northrop Grumman Corp., Aerovironment Inc., Bae Systems, Boeing, Parrot S.A., Yuneec International Co. Ltd. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Drone Industry
Rapid Technological Advancements
Adoption in Military for Spying
Weight and Endurance
The major shares of the Industry come from 150 Kg in Global Drone Industry. On the other hand, Camera component for this Industry is projected to grow at highest CAGR during the year 2018-2025.
Drone Industry Overview By Application
Surveying and Mapping
Inspection and Monitoring
Search and Rescue Operation
Media and Entertainment
Drone Industry Overview By Component
Drone Industry Overview By Type
Vertical Take-Off and Landing (VTOL)
Tactical Unmanned Air Vehicle (TUAV)
Medium-Altitude Long-Endurance (MALE)
High-Altitude Long-Endurance (HALE)
Drone Industry Overview By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa