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Electric Drone Market Report: Information by Surveillance Mission (Border Surveillance, Natural Disaster, Illegal Traffic Monitoring, and Others), By Payload (Electro-Optic/Infrared Sensor, Camera, Electronic Intelligence, Electronic Warfare, and Others), By Application (Commercial & Civil and Military), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America) - Forecast till 2030


ID: MRFR/A&D/2729-HCR | 111 Pages | Author: Sejal Akre| May 2024

Global Electric Drone Market Overview


Electric Drone Market Size Valued at USD 28546 Million, market Grow at a CAGR Of 11.50% by 2020 -2030

Electric drones are unmanned aerial vehicles that are designed to complete tasks autonomously or with the help of human assistance. Advancements in technology have enabled unmanned aerial vehicles to function efficiently with more compact size and lightweight. The flight of drones may operate with various degrees of autonomy either under remote control by a human operator or fully or intermittently autonomously, by an on-board computer. Electric drones are fitted with GPS, high-resolution cameras, and other sensors. The primary use of drones originated in military applications, in addition to this, it is expanding its use in scientific, commercial, recreational, and other applications, namely, drone racing and photography.


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 high on security and reliability. Also, these vehicles are equipped with payloads such as electro-optical/infrared sensors, a camera, a global positioning system (GPS), and electronic intelligence, which help in rapidly modernizing their communications equipment. 


Increasing military applications, growing toy industry, usage in commercial applications fuels the demand for electric drone market during the forecast period. Drones can quickly survey construction sites and deliver data to project managers in real time and used in monitoring and maintenance of all types of power & utilities production facilities, which increased the demand for the electric drones market. Rise in demand for electric drones in videography projects, photography, and wildlife protection programs will enhance the growth of the electric drone market. However, the high cost of the device, increasing complexities in design and the need for regular maintenance acts as a barrier for the growth of electric drone market.


Segmentation of the Global Electric Drone Market


The increasing use of electric drones for spy missions and surveillance by the defense and military sector is fueling the growth of the global electric drone market. Another factor responsible for the increase in electric drone market is the technological advancements of batteries. Owing to increase in research and development and growing investment by drone manufacturers in the development of small, lightweight, and efficient electric drones, the global market is expected to witness significant growth, during the forecast period.


North America is dominating the market of electric drone due to extensive investments by the government and defense authorities in the region, which results in the development of small, lightweight, and efficient electric drones. The market in North America is primarily driven by the growing usage of electric drones in military operations and rising surveillance applications. Also, drones are mostly used for scientific, recreational, commercial and agricultural purposes in the region. Increase in use of electronic drone in the photography projects, wildlife protection programs, and increasing focus on the development of consumer-friendly electric drones is driving the electric drone market in Asia-Pacific.


Intended Audience



  • Drone manufacturers

  • Drone services providers

  • Aviation authorities

  • Component providers

  • Regulatory bodies

  • Government authorities

  • Research institutes


Key Players


The key players in the global electric drone market are AgJunction (US), Parrot Drones SAS (France), senseFly SA (US), Trimble Inc. (US), AgEagle Aerial Systems Inc. (US), Festo (Germany), Gamaya (Switzerland), Headwall Photonics, Inc. (US), and LeddarTech Inc. (Canada) among others.


Recent Development


DJI:

  • Released the Avata, a new FPV drone designed for immersive flying experiences. The Avata features a unique cinewhoop design, high-quality video recording, and a head-mounted display for a first-person view.



EHang:




  • Completed the world's first test flight of an autonomous passenger drone in the United States. The test flight took place in North Carolina and involved a two-seater EHang 216 drone flying for 18 minutes.


     




  • Received approval from the Civil Aviation Administration of China (CAAC) to operate passenger drone tours in Guangzhou. This is a significant step forward for commercial passenger drone operations.



Research Methodology


The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.


Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.


Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments

  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region

  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook

  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

  • Regional attractiveness and related growth opportunities


Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization:




  • Company Profiles




In-depth profiling of additional market players (3 to 4 companies)




  • Country-Level Analysis




Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability

Frequently Asked Questions (FAQ) :

Electric Drone Market Size Valued at USD 28546 Million, market Grow at a CAGR Of 11.50% by 2020 -2030

Gamaya (Switzerland), Headwall Photonics, Inc. (US), and Festo (Germany) are motivating the global market in the impending period.

The military applications of the drones are foreseen to boost the market significantly.

North America is dominated region in Electric Drone Market

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