Electric Drone Market is expected to grow at a CAGR of 11.50% by 2030

October 2020 Research Report on the global electric drone market. The global market for the electric drones is expected to grow at a significant pace between 2020 and 2030

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 28546 million, by 2030, growing at a CAGR of more than 11.5%, during the forecast period.

Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages on the project report. Avail the in-depth table of content TOC & market synopsis on the “Global Electric Drone Market Research Report - Forecast to 2030”.

Global Electric Drone Market:

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.

Company Analysis:

The key players of the global electric drones market are 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) , and Yara (Norwat).. In 2016, these players accounted for share of the global market.

Market Research Analysis:

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.

North America is expected to be the largest market by 2030, 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  the global market, by 2030.