Global Earth Observation Drones Market Opportunities and Forecast 2022-2029

Introduction

The market for drones is growing rapidly as more and more industries discover their potential uses. One industry that is beginning to make use of drones is the earth observation market. Drones are well-suited for this purpose as they can cover large areas quickly and efficiently. This report provides an overview of the global earth observation drone market, including market size and forecast for the period from 2022 to 2029. It also covers key trends and opportunities in the market.

The rising demand for accurate and timely data for mapping, surveying, land management, agricultural applications, and disaster management is one of the major factors driving the growth of the market. The increasing use of drones equipped with high-resolution cameras and sensors for collecting accurate data is propelling the market growth. Furthermore, declining drone prices and the availability of easy-to-use drone platforms are further fueling the market demand.

However, stringent government regulations regarding airspace safety and privacy concerns associated with drone usage are some of the major factors restraining the growth of the market.

This report segments the global earth observation drones market by platform type, offering, application, and geography. The fixed-wing segment is expected to grow at the highest CAGR during the forecast period owing to their longer flight duration as compared to multirotor drones.

Among offerings, the hardware segment is expected to hold a larger share of the market during the forecast period due to the increasing adoption of ready-to-fly (RTF) drones equipped with advanced payloads such as high-resolution cameras and thermal imaging sensors.

Market Overview

The global Earth Observation Drones Market is estimated to be valued at USD $9,014.6 Million in 2021 and is expected to reach USD $18,214.9 Million by 2029, growing at a CAGR of 6.88% during the forecast period. The market is driven by factors such as the increasing demand for high-resolution images and data, government regulations and policies, and technological advancements.

Drones are increasingly being used for earth observation applications such as mapping, surveying, agricultural monitoring, disaster management, and others. The growing demand for high-resolution images and data is one of the major drivers for the growth of the Earth Observation Drones Market. With the help of drones, businesses can obtain accurate data and images without incurring high costs. Additionally, government regulations and policies are promoting the use of drones for earth observation activities. For instance, in December 2018, the European Commission adopted new rules that will allow member states to use drones for environmental monitoring purposes.

The market is segmented by type into fixed-wing drones and rotary-wing drones. The fixed-wing drones segment is expected to grow at a higher CAGR during the forecast period owing to their longer flight time and larger payload capacity as compared to rotary-wing drones. The market is also segmented by application into mapping & surveying, agricultural monitoring, disaster management & response, construction site monitoring & management, power line & pipeline inspection, and others.

This growth is attributed to the increasing demand for data collection and analysis in various industries such as agriculture, construction, and mining. Additionally, the advent of new technologies such as LiDAR and hyperspectral imaging is expected to drive market growth.

The report provides an extensive analysis of the earth observation drones market trends and dynamics, which are expected to impact the market growth over the forecast period. It also includes a detailed segmentation of the market based on type, application, and geography.

The construction industry is one of the major end users of earth observation drones. The use of these drones helps in reducing project costs and timelines by providing accurate data for site selection, mapping, and progress tracking. Additionally, they are also used for inspecting hard-to-reach areas, such as roofs and chimneys. The mining industry is another major end user of these drones. They are used for mapping large mine sites, assessing environmental impact, and monitoring safety hazards.

North America is expected to be the largest market for earth observation drones due to the presence of a large number of construction and mining companies in the region. Additionally, the region has been at the forefront of adopting new technologies, which is expected to drive market growth over the forecast period. Europe is another key market for these drones due to the increasing demand from the agricultural sector. Asia Pacific is expected to be the fastest-growing market.

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Report Includes

An overview of the global Earth Observation Drones Market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Earth Observation Drones Market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Earth Observation Drones Market and comprehensive profiles of leading companies in the industry

Report Scope

The report forecasts the size of the Earth Observation Drones Market for components from 2022 through 2029
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.

The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter’s five forces analysis. This chapter provides a detailed insight into the market which derives the market trends, changing phase of investments, and scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.

After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures are being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.

Segmentation Analysis

The market for earth observation drones is segmented by application, end user, and geography.

Applications for earth observation drones include mapping and surveying, agricultural monitoring, forest management, disaster management, and others. The mapping and surveying applications segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for high-precision maps from various end-users such as governments, construction companies, and mining companies.

The end users of earth observation drones include government agencies, commercial entities, and academic institutions. Government agencies are expected to be the largest end-user of earth observation drones during the forecast period. This growth can be attributed to the increasing use of these drones by government agencies for various applications such as disaster management, border security, agricultural monitoring, and others.

The market for earth observation drones is segmented on the basis of geography into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America is expected to be the largest market for earth observation drones during the forecast period due to the early adoption of these technologies in this region. The market in Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the increasing investment by government agencies in this region for various applications such as agricultural monitoring, disaster management, and others.

Global Earth Observation Drones Market Competitive Analysis:
Key players in the Global Earth Observation Drones Market are 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 among others players.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Earth Observation Drones Market is distributed on the basis of the below-mentioned segments:

Global Earth Observation Drones Market, By Type:

• fixed-wing
• rotor-wing

Global Earth Observation Drones Market, By Application:

• Environmental Monitoring
• Disaster Management
• Surveying and Mapping
• Search and Rescue
• Surveillance and Reconnaissance
• Industrial Inspection and Monitoring
• Agriculture and Forestry
• Cinematography

Global Earth Observation Drones Market, By End-User:

• Military
• Civil Government
• Commercial
• Cinematography
• Other

Global Earth Observation Drones Market, By Region:

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • UAE
  • Rest of LAMEA

Research objectives:

• To study and analyze the global Earth Observation Drones market size by key regions/countries, product type and application, history data from 2018 to 2020, and forecast to 2029.
• To understand the structure of the Earth Observation Drones market by identifying its various sub-segments.
• Focuses on the key global Earth Observation Drones players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
• To analyze the Earth Observation Drones with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and risks).
• To project the size of Earth Observation Drones submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
• To strategically profile the key players and comprehensively analyze their growth strategies.

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead of the competition. This will give the reader an edge over others as a well-informed decision can be made by looking at the holistic picture of the market.

Key questions answered in this report

• What will the market size be in 2029 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Table of Contents: Earth Observation Drones Market

• Part 1: Overview of the Earth Observation Drones Market
• Part 2: Earth Observation Drones Carts: Global Market Status and Forecast by Regions
• Part 3: Global Market Status and Forecast by Types
• Part 4: Global Market Status and Forecast by Downstream Industry
• Part 5: Market Driving Factor Analysis
• Part 6: Market Competition Status by Major Manufacturers
• Part 7: Major Manufacturers Introduction and Market Data
• Part 8: Upstream and Downstream Market Analysis
• Part 9: Cost and Gross Margin Analysis
• Part 10: Marketing Status Analysis
• Part 11: Market Report Conclusion
• Part 12: Earth Observation Drones: Research Methodology and Reference

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