Earth Observation Drone Market to Witness Significant Growth through 2028
Increasing demand for drones owing to their versatile
applications and enhanced technologies in drones are the factors
driving the Global Earth Observation Drone Market.
According to the TechSci
Research report, "Earth Observation Drone Market-Industry Size, Share,
Trends, Competition, Opportunity and Forecast, 2018-2028F",
Global Earth Observation
Drone market is anticipated to surge in the upcoming years. The rising usage of
drone in commercial and industrial purpose is the major growth factor for earth
observation drone market. Drone can gather a large amount of geospatial data efficiently;
their operational ability is quick and is cost effective compared to satellite
imagery, thus leading to increasing growth in drone market.
Owing to its growing use in industries such as the oil
and gas industry, mining, search and rescue, disaster management, environmental
monitoring, and agriculture, drone technology has also experienced tremendous
growth. In addition to the military, commercial, and civil government
end-users, the demand for drones has expanded to include drone applications in
the fields of law enforcement, emergency response, and critical infrastructure
monitoring, spurring further development of small payload and sensor varieties
as well as sensor agnostic drones. Additionally, the use of drones for aerial
photography and filmmaking has significantly influenced the drone industry.
The Earth observation drones are outfitted with a
variety of payloads, including cameras, electrical systems and subsystems, and
sensors including accelerometers, LiDAR hyperspectral, multispectral, infrared,
electro-optical, RGB (Red Green Blue), and ground-penetrating radars. Modern
drones are also equipped with Artificial Intelligence (AI) and machine learning
technology, which automate drone operations and enable drones to fly safely
over any environmentally demanding terrain. Aside from reducing or eliminating
human intervention, automation aids in the drones' rapid arrival at their
target and swift return to the original takeoff area.
Browse more thanXX market data Figures spread through XX Pages and an in-depth TOC on
"Earth Observation Drone Market"
The
Global Earth Observation Drone market is segmented on the basis of application type,
end-user type, and region. Based on application type, the market of surveillance
and reconnaissance is the most dominating segment in Earth observation drones. With the
development of technology, drones have emerged as a crucial tool for defense and
military end-users conducting surveillance and reconnaissance operations. Based
on end user, the market is divided into three segments of Military, Civil
Government and Commercial and on the basis of end user, the commercial drone occupies
the largest market share. This is primarily due to newly developed applications
where drones have shown to be more eco-friendly, cost-effective, and effective,
including precision agriculture, solar power inspection, wind turbine
inspection, railway, and bridge monitoring.
Some of the major players operating in
the Earth Observation Drone Market include:
- SZ DJI Technology Co., Ltd.
- Parrot Drone SAS
- Lockheed Martin Corporation
- AeroVironment, Inc.
- General Atomics Aeronautical Systems, Inc.
- Northrop Grumman Corporation
- Embention Sistemas Inteligentes SA Can you explain why 4 lines are must in the statement .
- Hubsan,
- Insitu Inc.
- AgEagle Aerial Systems Inc.
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“Many companies are
investing in research and development of earth observation drone so that they
will diversify more operational ability of drone with the enhanced technologies
and have a competitive edge over others. Also, with the versatile application
of the drone, the demand of drones will increase in the upcoming years. “said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Global Earth Observation Drone Market
is Segmented by Application (Environmental Monitoring, Disaster Management,
Surveying and Mapping, Search and Rescue, Surveillance and Reconnaissance,
Industrial Inspection and Monitoring, Agriculture and Forestry,
Cinematography), by End-User (Military, Civil Government, Commercial), By Region has evaluated
the future growth potential of Earth Observation Drone Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Earth Observation Drone Market.
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