Tethered Drones Market Research Report By Type (Military Drones and Commercial Drones), By Component (Sensor, Controller system, Camera, Battery) By Application (Inspection and Monitoring, Law Enforcement, Surveying, and Mapping), and by Region – Global forecast till 2023
Tethered Drones Market Key Players:
MRFR has performed an analysis of the competitive roles of the various market leaders present in the global tethered drones market. Players included in the report are Hoverfly Technologies (US), ECA Group (France), UAVTEK (UK), Azur Drones (France), Yuneec (China), Drone Aviation (US), Novadem (France), Elistair (France), Sky Technologies (US), and CyPhy Works (US).
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Tethered Drones Market Insights:
Tethered drones, as the term implies, are drones that are equipped with a tether station for the dual purpose of acting as a constant power supply for the drone as well as to maintain aerial stability of the drone. Tethered drones are often fully automated drone systems from take off, to landing and can provide ariel coverage over large areas on a continuous basis. Market Research Future has analyzed the global tethered drones market to find its various growth patterns. The global tethered drones market is likely to expand at a CAGR of 40% during the assessment period from 2018 to 2023. In 2017, the market was found to have valued USD 74 Mn. At the predicted rate of growth, this figure is expected to resemble USD 557 Mn by 2023. With stellar growth expected for the market, there are plenty of factors driving the market and many opportunities worth leveraging.
The tether on a tethered drone allows for easy continuous movement which allows a wide range of moving objects to be covered making these types of drones ideal for surveillance capabilities. The applications for tethered drones have expanded significantly in recent years, thus driving the market significantly. Other than the growing number of applications, tethered drones are also in high demand as they are highly technologically advanced and industries where drones are used often tend to show a high affinity toward procurement of the latest technology to maintain efficiency in drone applications. Moreover, there is a high demand for proper public safety following many unfortunate incidents in urban regions. High crime rates in urban areas, which are expanding has prompted law enforcement and other public safety authorities to employ the use of advanced technology like tethered drones to promote the feeling of safety among residents of the given area.
Notably, the market is held back by the lack of appropriate technical expertise among the end-users of tethered drones. This is restricting the functionality of tethered drones.
Tethered Drones Market Segmentation:
The report segmented the global tethered drones market on the basis of type, component, application, and region. Types of tethered drones have been segmented into military drones and commercial drones. The military drones segment is largest, while the commercial drone segment is growing at the fastest pace. Most times, advanced technology like this, are adopted at a high rate for military purposes before gaining popularity for commercial applications.
Components have been segmented into sensors, controller system, camera, battery, and others, Among these, the sensor segment has the most significant share while the controller system is set to grow at the highest CAGR.
Applications of tethered drones have been segmented into law enforcement, surveying, mapping, inspection and monitoring, and others. The monitoring segment has captured the largest share while mapping is growing swiftly and will grow at the highest pace.
Tethered Drones Market Regional Analysis:
The Americas accounts for the leading market due to the huge technological advancements led by the substantial investments made in the R&D sector. The rapid uptake of new technologies and investment by the government in the defense sector are some of the major driving forces driving the market. The presence of well-established market players is fuelling the market growth.
The market in the European region stands at the second position in terms of the market size owing to the huge demand from the defense sector for surveillance. The resurgent economy in the region is playing a vital role in market growth by increasing the consumers’ purchasing power.
Europe is not alone in its strong efforts to generate value from tethered drones. The United States, China, and India are also three key countries that are significantly investing in technology and innovative businesses that currently exceed the level of total European investments. In particular, the US is the leader in producing defense drone systems, followed by Israel, and China is the leader in producing leisure units that tend to be used more for professional purposes.
The Asia Pacific region is expected to grow rapidly due to the presence of emerging economies such as China and India. Among Gulf nations, Saudi Arabia and the UAE drive the growth in the MEA (the Middle East & Africa) market.
Table of Content:
1. Executive Summary
2. Scope of The Report
2.1. Market Definition
2.2. Scope of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. List of Assumptions
2.2.4. Limitations
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
Continued. . .
List of Tables:
Table 1 Global Tethered Drones Market: By Region, 2018-2023
Table 2 North America: Tethered Drones Market: By Country, 2018-2023
Table 3 Europe Tethered Drones Market: By Country, 2018-2023
Table 4 Asia-Pacific Tethered Drones Market: By Country, 2018-2023
Table 5 Middle East and Africa Tethered Drones Market: By Country, 2018-2023
Table 6 Latin America Tethered Drones Market: By Country, 2018-2023
Table 7 Global Tethered Drones Type Market: By Regions, 2018-2023
Table 8 North America: Tethered Drones Type Market: By Country, 2018-2023
Table 9 Europe Tethered Drones Type Market: By Country, 2018-2023
Table 10 Asia-Pacific Tethered Drones Type Market: By Country, 2018-2023
Continued. . .
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