Drones Market Trends 2021 | Industry Growth, Share, Size, Demand and Future Scope 2026

NEW CITY, N.Y. - July 19, 2021 - PRLog -- According to IMARC Group's latest report, titled "Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global drones market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 17% during 2021-2026.

Drones, or unmanned aerial vehicles (UAV), are unpiloted aircraft generally used for defense and military purposes. They can be flown for longer distances, rely on sensors and LIDAR detectors, without the need for a pilot to navigate it. Nowadays, drones are also used for recreational purposes and in the business community due to the enhanced safety and efficiency levels.

Market Trends:

The global drone market is primarily driven by rising demand for small military drones among the defense forces, coupled with the increasing use of drones in commercial applications. They are also utilized in agricultural activities, including livestock monitoring, irrigation management, and fertilization. Furthermore, extensive global investments and regulatory changes are increasing the revenue and profit opportunities for drone manufacturers, solution providers, operators, and distributors, which is positively influencing the growth of the market.

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List of Key Companies Covered in this Market Report:

• 3D Robotics
• AeroVironment Inc
• Birdseyeview Aerobotics Inc.
• Delair SAS
• DroneDeploy Inc
• Intel Corporation
• Parrort SA
• Precisionhawk Inc.
• SZ DJI Technology Co. Ltd. (iFlight Technology Co. Ltd.)
• Terra Drone Corporation
• The Boeing Company

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The report has segmented the market on the basis of type, component, payload, point of sale, end-use industry and geography.

Market Breakup by Type:

• Fixed Wing
• Rotary Wing
• Hybrid

Market Breakup by Component:

• Hardware
• Software
• Accessories

Market Breakup by Payload:

• <25 Kilograms
• 25-170 Kilograms
• >170 Kilograms

Market Breakup by Point of Sale:

• Original Equipment Manufacturers (OEM)
• Aftermarket

Market Breakup by End-Use Industry:

• Construction
• Agriculture
• Military and Defense
• Law Enforcement
• Logistics
• Media and Entertainment
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

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