info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Electric Drone Market Share

ID: MRFR//2729-HCR | 111 Pages | Author: Sejal Akre| November 2024

The Electric Drone market is witnessing dynamic trends that reflect the industry's evolution and respond to changing consumer demands, technological advancements, and regulatory developments. One significant trend is the proliferation of consumer-grade electric drones for recreational and hobbyist use. As technology becomes more accessible, affordable, and user-friendly, a growing number of individuals are embracing electric drones for aerial photography, videography, and entertainment, contributing to a robust consumer market trend.

An emerging trend in the Electric Drone market is the integration of advanced sensors and artificial intelligence (AI) capabilities. Electric drones equipped with sophisticated sensors, such as lidar and multispectral cameras, enable applications in agriculture, environmental monitoring, and infrastructure inspection. The trend underscores the industry's focus on providing drones with enhanced data collection capabilities, expanding their functionalities beyond recreational use to address specific needs in various professional sectors.

Delivery services utilizing electric drones are experiencing a notable trend, driven by the demand for efficient and cost-effective logistics solutions. Companies are exploring drone deliveries for small packages, medical supplies, and other time-sensitive deliveries. The trend reflects the industry's response to the growing need for innovative last-mile delivery options, particularly in urban areas, where electric drones offer a promising solution to address logistical challenges.

Urban air mobility (UAM) is emerging as a transformative trend in the Electric Drone market. The concept envisions the use of electric vertical takeoff and landing (eVTOL) drones for short-distance urban transportation. This trend reflects the industry's exploration of aerial mobility solutions to alleviate traffic congestion and provide efficient transportation alternatives in densely populated urban environments. Electric drones are positioned as key players in the future landscape of urban air mobility.

The miniaturization of electric drones is a notable trend shaping the market, with manufacturers developing compact and portable models. This trend caters to the demand for drones that are easy to carry, deploy, and operate. Miniaturized electric drones find applications in adventure sports, travel, and everyday use, appealing to a broader consumer base seeking convenience and portability in their drone experiences.

Autonomous and semi-autonomous capabilities are becoming prevalent trends in the Electric Drone market. Manufacturers are incorporating features such as obstacle avoidance, automated flight paths, and intelligent navigation systems. The trend aligns with the industry's efforts to enhance the safety and ease of operation for users, making electric drones more accessible to a wider audience and expanding their use cases in various professional applications.

A focus on sustainability and eco-friendly designs is shaping a notable trend in the Electric Drone market. Manufacturers are exploring materials, construction methods, and energy-efficient technologies to reduce the environmental impact of drone production and operation. This trend aligns with the broader industry shift towards sustainability and the integration of green practices in the development of electric drones, contributing to environmentally conscious consumer choices.

Collaborations and partnerships between drone manufacturers and technology companies are influential trends in the Electric Drone market. These collaborations aim to leverage complementary expertise, combining drone capabilities with advanced technologies such as AI, edge computing, and communication systems. The trend reflects the industry's pursuit of holistic solutions that integrate cutting-edge technologies, enhancing the performance and functionalities of electric drones in various applications.

Security and privacy features are emerging as crucial trends in the Electric Drone market. As drone usage increases, there is a growing emphasis on incorporating features like geofencing, secure communication protocols, and user authentication to address concerns related to unauthorized drone flights and potential misuse. This trend underscores the industry's commitment to responsible drone usage and aligns with regulatory efforts to ensure the safe integration of electric drones into airspace.

The customization trend in the Electric Drone market caters to specific industry needs. Manufacturers are offering modular designs, interchangeable payloads, and customizable features to meet the diverse requirements of professional users. This trend reflects the industry's recognition of the varied applications for electric drones, allowing users to tailor their drones for specific tasks in sectors such as surveying, inspection, and public safety.

Global Electric Drone Market Overview


Electric Drone Market Size Valued at USD 28546 Million, market Grow at a CAGR Of 11.50% by 2024 -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

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.