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Tethered Drones Market Research Report By Type (Military Drones and Commercial Drones), By Component (Sensor, Controller system, Camera, Battery) By Application (Inspection and Monitoring, Law Enforcement, Surveying, and Mapping), and by Region - Global forecast till 2023
Tethered Drones Market Overview:
The term tethered drones refers to drones that are equipped with a tether station that doubles as a power supply for the drone to maintain aerial stability. These tethered drone systems are fully automated from take-off to landing and provide continuous aerial coverage over large areas for law enforcement, public safety, private security, military uses, and crisis monitoring.
With a tether attached, tethered drones can move easily for days together along with the station it’s attached to, instead of a remote-controlled operation. This allows the tethered drones to cover a wide range of moving objects and increase their surveillance capabilities and uses.
Considering the increasing application areas of tethered drones over the past few years, the global tethered drones market is expected to reach approximately USD 557 MN by the end of 2023, growing at a CAGR of approximately 40% during the forecast period of 2018-2023. In the year 2017, the market was valued at USD 74 MN.
In addition to the increasing uses, other factors that support the market growth include increasing demand for drones for public safety and rapid technological advancements. However, factors such as lack of technical expertise among users hamper the market growth of tethered drones, restricting its functionality.
Tethered Drones Market Segments
The global tethered drones market has been segmented on the basis of type, component, application, and region. By type, the market is segmented into military drones and commercial drones. The military drones is the largest segment whereas the commercial drones is the fastest growing segment.
By components, the market is segmented into sensors, controller system, camera, battery, and others. Among these, sensor is the largest segment and controller system is the fastest growing segment.
By application, the market is segmented into inspection and monitoring, law enforcement, surveying, mapping, and others. Among these, monitoring is the largest segment and mapping is the fastest growing segment. By region, the market is segmented into the Americas, Europe, Asia-Pacific, and Middle East & Africa.
Tethered Drones Market Regional Analysis
The Americas accounts for the leading market due to the huge technological advancements led by the substantial investments made in the R&D sector. The rapid uptake of new technologies is a major driving force driving the market. The presence of well-established market players is fuelling the market growth.
The market in the European region stands at the second position in terms of the market size owing to the huge demand from the defense sector for surveillance. Also, the resurgent economy in the region is playing a vital role in market growth by increasing the consumers’ purchasing power.
Whereas, the Asia Pacific region is expected to grow rapidly due to the emerging economies such as China and India. In Gulf nations, Saudi Arabia and UAE drive the growth in the MEA (the Middle East & Africa) market.
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Tethered Drones Market Key Players
Some of the market leaders profiled in the report are CyPhy Works (US), Drone Aviation (US), Hoverfly Technologies (US), Elistair (France), Sky Technologies (US), UAVTEK (UK), Azur Drones (France), Yuneec (China), Novadem (France), and ECA Group (France) among others.
Tethered Drones Market Research Methodology
The research report - Global Tethered Drones Market by Market Research Future comprises in-depth primary research and detailed analysis of qualitative as well as quantitative aspects from various industry experts. Key opinions of market leaders enable to gain a deeper insight of the market performance. The detailed market analysis gives a clear picture of the current market scenarios including past and future market size in terms of value as well as volume alongside the technological advancement, macroeconomy, and governing factors of the market. The report provides detailed information and strategies of topnotch players in the market while providing a broad study of the market’s various segments and regions.
Table Of Content:
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. List Of Assumptions
2.2.4. Limitations
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
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