Tethered Drones Market is predicted to reach USD 193.66 Million at a CAGR of 7% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Tethered Drones Market” that contains information from 2018 to 2032. The Tethered Drones Market is estimated to register a CAGR of 7% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Tethered Drones Market— Yuneec, Novadem, CyPhy Works, Drone Aviation, Elistair, Sky Technologies, UAVTEK, Hoverfly Technologies, Azur Drones and ECA Group.
Tethered Drones Market Highlights
The global Tethered Drones Market is accounted to register a CAGR of 7% during the forecast period and is estimated to reach USD 193.66 Million by 2030.
The tethered drones market refers to the industry segment that focuses on the development, production, and deployment of drones that are connected to the ground by a physical tether. Tethered drones, also known as tethered aerial vehicles (TAVs), are unmanned aerial vehicles (UAVs) that are connected to a power source and data communication system on the ground through a tether, typically a cable or a wire.
The applications of tethered drones span various industries, including public safety and law enforcement, defense and military, industrial inspections, disaster management, event monitoring, and telecommunications. They can be used for tasks such as aerial surveillance, crowd control, traffic monitoring, infrastructure inspections, emergency response, and communication relay.
Segment Analysis
The global Tethered Drones Market has been segmented based on type, components and application.
On the basis of type, the market is segmented into military drones and commercial drones. Military drones have become increasingly prevalent in modern warfare due to their ability to perform missions without risking human lives and their versatility in different roles.
Based on components, the market has been segmented into sensors, controller system, camera and battery. High-resolution cameras are commonly used for surveillance, reconnaissance, mapping, and aerial photography purposes. These sensors capture images and videos that can be transmitted in real-time through the tether.
Based on application, the market has been segmented into inspection & monitoring, law enforcement, surveying and mapping. Tethered drones are utilized by law enforcement agencies for surveillance, crowd monitoring, and situational awareness during various events or critical incidents.
Regional Analysis
The global Tethered Drones Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Tethered Drones Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Tethered Drones Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Tethered Drones Market comprises of Middle East, Africa, and Latin America.
North America has been a leading market for tethered drones, driven by the presence of major drone manufacturers, advanced technological infrastructure, and a supportive regulatory environment.
Europe is another prominent market for tethered drones, with countries like France, Germany, and the United Kingdom leading the adoption. The European market is characterized by stringent regulations governing drone operations, but also offers significant opportunities for applications such as aerial surveillance, infrastructure inspections, and public safety.
The Asia Pacific region is witnessing rapid growth in the tethered drones market, driven by the increasing industrialization, infrastructure development, and technological advancements in countries like China, Japan, and South Korea.
Furthermore, the rest of the world's Tethered Drones Market is divided into the Middle East, Africa, and Latin America. Latin America is also emerging as a market for tethered drones, with applications ranging from public safety and security to agriculture and infrastructure inspections.
Key Findings of the Study
- The Tethered Drones Market is expected to reach USD 0.1 Billion by 2030, at a CAGR of 7% during the forecast period.
- North America has been a leading market for tethered drones, driven by the presence of major drone manufacturers, advanced technological infrastructure, and a supportive regulatory environment.
- Based on type, the market is segmented into military drones and commercial drones holding the largest market in 2022.
- Yuneec, Novadem, CyPhy Works, Drone Aviation, Elistair, Sky Technologies, UAVTEK, Hoverfly Technologies, Azur Drones and ECA Group.
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Companies Covered | 15 |
Pages | 100 |
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