The drone market is expected to showcase stellar growth with a CAGR of ~ 23.5% over the forecast period of 2019-2029 reveals the newest study by Fact.MR. The drone market is witnessing significant breakthroughs in the defense sector with drone technology targeted at providing precision based, guided missiles. The lethal combination of stealth capabilities and advanced video imaging is equipping the military in developed countries with drones that are capable of wreaking extensive damage on enemy territory. Emerging nations and war torn lands like Syria are improvising and using cost cutting strategies like the usage of cheap, commercial quadcopters fitted with improvised and low intensity bombs to be used in their military operations.
Find More Valuable Insights on the Drone Market
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global drone market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2029. The study divulges compelling insights on the drone market on the basis of product, payload, application and six major regions.
The business intelligence study of the drone market covers the estimation size of the market both in terms of value and volume. In a bid to recognize the growth prospects in the drone market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market. Each segment of the drone market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- APEJ (China, India)
- Japan and MEA
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The keyword market report answers the following queries:
- Which players hold the significant keyword market share and why?
- What strategies are the keyword market players forming to gain a competitive edge?
- Why region is expected to lead the global keyword market?
- What factors are negatively affecting the keyword market growth?
- What will be the value of the global keyword market by the end of 2029?
Research and Development to Uplift the Drone Market
Drone manufacturers are leaving no stone unturned in adopting futuristic R&D initiatives that will continue to remain the most attractive realm in the drone market. Drones are creating infinite and limitless opportunities for leading stakeholders in the market such as DJI technology, a Chinese frontrunner and PrecisionHawk known for its smart collaborative strategies. PrecisionHawk recently upped its game by entering into a partnership with Uplift Data Partners that provides turnkey solutions in real estate and construction. Uplifts pilots will join PrecisionHawk’s booming network of drone pilots to further enhance scalability. Similarly, DJI is fully exploiting its prowess in product development, showcasing pioneering innovations in drone aircrafts, add-on payloads and software technology to consolidate its position in the market.
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