ID: MRFR/A&D/7333-HCR | 175 Pages | Published By Sejal Akre on March 2023
Drone Telematics Market is projected to grow at a 6.8% CAGR between 2020 and 2026. Telematics is the most widely implemented technology for vehicles. However, currently, the demand for telematics for drones is expected to increase significantly. This is due to the increasing use of drones for many commercial and defense applications. Drone telematics offers the ability to efficiently manage many drones and increase operational efficiency. It enables the commercial and defense end users with competence to monitor drone location and information remotely. Moreover, in logistics and transportation drone telematics allows companies to track various activities associated with a supply chain.
Market Synopsis
Global Drone Telematics Market has witnessed high growth in recent years owing to the increasing use of drones for countering internal and external security threats globally. Moreover, the rising use of drones in logistics and transportation and the growing demand for drones for border monitoring are some of the factors driving the growth of the global market.
However, increasing hacking, privacy, and security concerns and limited consumer acceptance for drone telematics are expected to restrain the market growth to some extent.
Market USP
Drone telematics helps increase the operational efficiency of the drone fleet of military and commercial end-users.
Market Drivers
Market Restraints
Segmentation
By Type
By Range
By End-User
By Region
Key Players
Report Attribute/Metric | Details |
---|---|
Market Size | 2026: Significant Value |
CAGR | 6.8% (2019-2026) |
Base Year | 2019 |
Forecast Period | 2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Technology, End-User |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Octo Telematics (Italy), Verizon Telematics Inc. (US), EnVue Telematics, LLC (US), DJI (China), vHive Ltd. (Israel), Google LLC (US), Nokia Corporation (Finland) |
Key Market Opportunities | Hacking, privacy, and security concerns |
Key Market Drivers |
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Global Drone Telematics market is projected to register a moderate 6.8% CAGR in the forecast period.
The quadcopters segment is expected to observe substantial demand over the review period.
The North American region is expected to secure the highest CAGR.
The military and defense segment is slated to expand as the fastest-growing segment.
A few eminent market players operating in the global Drone Telematics market are vHive Ltd. (Israel), Google LLC (US), Nokia Corporation (Finland), among others.