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(IT-NEWSWIRE.COM, November 26, 2018 ) Global Drone Industry was valued at USD 14.5 Billion in the year 2017. Global Drone Industry is further estimated to grow at a CAGR of 18.83% from 2018 to reach USD 66.93 Billion by the year 2025. North America region holds the largest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level, the U.S Industry is projected to grow strongly in the coming years.
The major Industry players in Drone Industry are DJI Drones, UVify Inc., Hubsan Drones, 3D Robotics Inc., General Atomics, Northrop Grumman Corp., Aerovironment Inc., Bae Systems, Boeing, Parrot S.A., Yuneec International Co. Ltd. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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SWOT Analysis of Drone Industry
Strength
Rapid Technological Advancements
Weakness
Government Regulation
Opportunities
Adoption in Military for Spying
Threats
Weight and Endurance
The major shares of the Industry come from 150 Kg in Global Drone Industry. On the other hand, Camera component for this Industry is projected to grow at highest CAGR during the year 2018-2025.
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Drone Industry Overview By Application
Surveying and Mapping
Inspection and Monitoring
Search and Rescue Operation
Media and Entertainment
Precision Agriculture
Others
Drone Industry Overview By Component
Sensors
Controller System
Navigation System
Cameras
Propulsion System
Battery
Others
Drone Industry Overview By Type
Vertical Take-Off and Landing (VTOL)
Tactical Unmanned Air Vehicle (TUAV)
Medium-Altitude Long-Endurance (MALE)
High-Altitude Long-Endurance (HALE)
Fixed-Wing
Others
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Drone Industry Overview By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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