Civil Drone Market is expected to grow at a Robust CAGR of 14.3% between 2019-2027 – iCrowdNewswire
Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Sep 12, 2019 8:00 PM ET

Civil Drone Market is expected to grow at a Robust CAGR of 14.3% between 2019-2027


Civil Drone Market is expected to grow at a Robust CAGR of 14.3% between 2019-2027

iCrowd Newswire - Sep 12, 2019

According to the new research report published by The Insight Partners, titled “Civil Drone Market – Global Analysis and Forecast to 2027”, the global civil drone market is expected to reach US$ 21.61 Bn by 2027, registering a CAGR of 14.3% during the forecast period 2019-2027.

 

Drones are believed to be of immense advantage in these domains, especially in support of public safety, search and rescue operations and disaster management. In case of natural or man-made disasters like floods, Tsunamis, or terrorist attacks, critical infrastructure including water and power utilities, transportation, and telecommunications systems can be partially or fully affected by the disaster. This necessitates rapid solutions to provide communications coverage in support of rescue operations. The market of unmanned aircraft systems (UAV), which is generally referred to as drones is developing. Civil drones have the potential to transform business models and tackle societal challenges around the world. Drones have already expanded their business to the consumer market, and now they’re being put to work in civil government and commercial applications.

 

The major players operating in the market for civil drone market are 3D Robotics, Aerovironment, Inc., Aerodyne Group, Drone Volt, ECA Group, Insitu, Inc., Intel Corporation, Parrot, Precisionhawk, SZ DJI Technology Co., Ltd and Yuneec International among others.

For More Information Download Sample Copy for [email protected] https://www.theinsightpartners.com/sample/TIPRE00003273/?IC-SNJ

Moreover, the concept of swarm intelligence (SI) is expected to allow the collaboration of multiple autonomous drones. Swarm intelligence leverages artificial intelligence to achieve multiple drones to achieve more complex and more significant tasks collectively. This would give a drone to think and perform the following activity. An autonomous industrial drone is known as “Airobotics” has been given the authorization to fly autonomous guided drones in Israel. Autonomous drone flight abilities will extend beyond independent flight, and it will also aid in autonomous ongoing battery replacement operation, which will decipher the current issue of restricted battery life for drones and negate the need for expert operators to switch batteries or recharge the drones The trend is predicted to pitch over the period leading to a huge opportunity for the civil drone players.

 

The civil drone market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East & Africa, and South America. The North America region holds the highest market share, whereas Asia Pacific is projected to be the fastest-growing region as well in the coming years. The APAC region consists of many developing countries owing to growing infrastructural projects, improving standard of living, rising population, and disposable income. The above mentioned are subjected to have a positive impact on the commercialization of civil drone within professionals. Further, digital initiatives along with the adoption of advance technologies by the Asian countries have drove strong government support for adopting drone for particular.

 

The civil drone market by application is segmented into agriculture, real estate/infrastructure, energy & power, and others. The energy & power holds a significant share in the market and on the other hand real estate/infrastructure is expected to continue its dominance in the forecast period as well. Increase in the number of construction projects such as residential building, shopping mall, commercial buildings and other infrastructures worldwide is fueling the demand for advanced civil drone. This factor is responsible to accelerate acceptance of civil drone in real/estate sector. By type, the market is segmented into fixed wing and rotary wing. The rotary wing holds the largest market share in the market.

Have Queries? Ask us at: https://www.theinsightpartners.com/inquiry/TIPRE00003273/?IC-SNJ

The report segments the global civil drone market as follows:

Global Civil Drone Market – By Type

Global Civil Drone Market – By Platform

Global Civil Drone Market – By Application

Global Civil Drone Market – By End-User

Global Civil Drone Market – By Geography

 

Inquiry for Discount: https://www.theinsightpartners.com/discount/TIPRE00003273/           

About Us
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. 

We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost.

 

 



Contact Information:

Contact us

The Insight partners,
Phone: +1-646-491-9876

Email: [email protected]

Home: https://www.theinsightpartners.com






Keywords:    Civil Drone Market, Civil Drone Market Record, Civil Drone Market Industry, Civil Drone Market Report, Civil Drone Market Size, Civil Drone Market Trends, Civil Drone Market Application, Civil Drone Market Shares, Civil Drone Market Analysis, Civil Drone Market Forecast, Civil Drone Market Growth, The Insight Partners,

Tags:    Research Newswire, English