Electric Drone Market 2018 Global Industry Analysis, Company Profiles and Industrial Overview Research Report Forecasting to 2023

ReleaseWire

Pune, India -- (SBWIRE) -- 06/25/2018 -- Market Highlights:

The growing demand for surveillance drones and the rapidly increasing application of electric drones in spy missions are the primary factors that drive the electric drone market. These unmanned vehicles aid in providing modernized, digital communication formats that are more secure and reliable. Also, these vehicles are equipped with payloads such as electro-optical/infrared sensors, camera, global positioning system (GPS), and electronic intelligence, which help in rapidly modernizing their communications equipment.

With a number of revenue streams opening up in this market as a result of the rapidly increasing commercial applications such as aerial photography, agriculture, wildlife protection, and 3D mapping, the global electric drone market is poised for a rapid and momentous growth, in the near future. As a result, it is expected that the global electric drone market value would surpass USD billion, by 2023, growing at a CAGR of more than 10%, during the forecast period.

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Major key Players:

AgEagle (U.S.),
Agribotix (U.S.) ,
Airinov (France),
Festo(Germnay),
Gamaya (Switzerland),
Headwall (U.S.), LeddarTech(Quebec), MicaSense(U.S.), Novariant(U.S.), Parrot(France), senseFly (Switzerland), Shadow Robotics (U.K.), Trimble (U.S.), URSULA Agriculture (U.K,) , Yanmar (Japan) , Yara (Norwat) Electric drones are being used for various functions in the military, apart from the recreational, scientific, and agricultural applications. With the increasing surveillance applications of the electric drones, their usage in military operations, is expected to increase significantly, during the forecast period. Furthermore, these drones are increasingly being used for commercial and recreational purposes, and the manufacturers are rapidly changing their marketing strategies in order to attract more customers as well as they are focusing on the development of more consumer friendly electric drones.

Market Research Analysis:

North America is expected to be the largest market by 2023, primarily due to the presence of established market players in this region. Over the years, extensive investments by the government and defense authorities in the North American region, has resulted in development of small, lightweight, and efficient electric drones, with relatively increased ranges. Therefore, it is expected that the North American region would account for a share of of the global market, by 2023.

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Intended Audience

- Distributers & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities

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