DUBLIN, Aug. 11, 2022 /PRNewswire/ — The “Earth Observation Drones Market – A Global and Regional Analysis: Focus on Application, End User, Drone Type, Sensor Type, and Country – Analysis and Forecast, 2022-2032” report has been added to ResearchAndMarkets.com’s offering.
The global Earth observation drones market was valued at $9,014.6 million in 2021, and it is estimated to reach $18,214.9 million by 2032 at a compound annual growth rate (CAGR) of 6.88% during the forecast period 2022-2032. The major factor driving the market growth is expected to be the growing adoption of drones for industrial and commercial applications. During the COVID-19 pandemic period, the adoption of drones for commercial applications such as solar panel inspections, pipeline inspections, oil and gas field monitoring, and agriculture monitoring witnessed a significant rise. Civil-government agencies have also started adopting drones for applications such as border surveillance, civilian monitoring, disaster management, etc.
Market Lifecycle Stage
Unmanned aerial vehicles (UAVs), or drones, have been used by the military for defense applications such as surveillance, reconnaissance, and situational awareness. The earliest traces of drones date back to 1917, the World War I period when radio control techniques were used to develop the unnamed aerial system. From 1995 onwards, drones for military applications started gaining traction as the U.S. Air Force developed and used the MQ-1 Predator drone, which cost approximately $40 million apiece for surveillance, reconnaissance, and combat applications in conflict zones.
Over 90 years of research and development on drones by military agencies steered the path for the development of the first drone for non-military applications by 2006. In the same year, the Federal Aviation Administration (FAA) issued its first commercial drone permit. Following this, government agencies began testing drone technologies for public safety applications, such as disaster relief, environmental monitoring, and border surveillance. At the same time, the commercial market started adopting drones for industrial applications such as pipeline inspections, site monitoring, and agriculture evaluation.
At present, utilizing drones for various Earth observation applications such as surveying, mapping, inspections, and surveillance, as well as collecting analytical geospatial data, is advancing at a substantial pace. The related drone services and manufacturing businesses are mushrooming as well. This is owing to the capabilities of drones to collect large volumes of geospatial data more efficiently, quickly, and cost-effectively as compared to satellite imagery.
Market Segmentation
by Application
Environmental Monitoring
Disaster Management
Surveying and Mapping
Search and Rescue
Surveillance and Reconnaissance
Industrial Inspection and Monitoring
Agriculture and Forestry
Cinematography
For the 2021-2032 period, the global Earth observation drones market is expected to be dominated by the surveillance and reconnaissance application segment.
by End-User
Military
Civil Government
Commercial
Based on end-user, the Earth observation drones market is expected to be dominated by commercial end-users. Commercial end-users are expected to garner significant share and growth as government regulations have become more relaxed and drones continue to be cheaper. Moreover, the need for technologically advanced tools in the farming, agricultural, and energy sectors will further generate demand for drones from the commercial end.
by Region
North America
Europe
Asia-Pacific
Rest-of-the-World
Demand – Drivers and Limitations
Following are the drivers for the Earth Observation Drones market:
Increase in Demand for Drones Post COVID-19
Entry of Multiple Downstream Geospatial Service Providers
Increasing Utilization of Drone Imagery Along with Satellite Imagery for Enhanced Geospatial Intelligence
Increasing Need for On-Demand Aerial Survey Requirements
Following are the challenges for the Earth Observation Drones market:
Government Regulations for Drone Manufacturing and Sales
Need for Qualified Operators to Conduct Drone Imaging Missions
Impact of Russia-Ukraine Conflict on Commercial Industry
Drone Batteries Supply Chain Shortage
Following are the opportunities for the Earth Observation Drones market:
Integration of Artificial Intelligence in Drones and Imagery Analytics
Growing Adoption of Earth Observation Drones by Civil Government
Key Market Players
Company Type 1: Key Earth Observation Drones Manufacturers
DJI
Parrot Drone SAS
Lockheed Martin Corporation
AeroVironment, Inc.
General Atomics Aeronautical Systems, Inc.
Northrop Grumman Corporation
Embention
Hubsan
INSITU
AgEagle Aerial Systems Inc.
Autel Robotics
Ehang
Raytheon Technologies Corporation
Drone Volt S.A.
Plymouth Rock Technologies
Company Type 2: Emerging Market Participants
Wingtra AG
Eagletronics Aviation Private Limited
Skydio
Anduril Industries
Azur Drones
Key Topics Covered:
1 Markets
2 Application
3 Products
4 Region
5 Markets – Competitive Benchmarking & Company Profiles
6 Growth Opportunities and Recommendations
7 Research Methodology
Companies Mentioned
DJI
Parrot Drone SAS
Lockheed Martin Corporation
AeroVironment, Inc.
General Atomics Aeronautical Systems, Inc.
Northrop Grumman Corporation
Embention
Hubsan
INSITU
AgEagle Aerial Systems Inc.
Autel Robotics
Ehang
Raytheon Technologies Corporation
Drone Volt S.A.
Plymouth Rock Technologies
For more information about this report visit https://www.researchandmarkets.com/r/zh3yjj
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SOURCE Research and Markets
