The Singapore drone market is expected
to grow significantly during the forecast period. Drone finds application in
defense, agriculture, logistics and transportation, construction,
entertainment, energy & power, wildlife & forestry. The rise in infrastructural development and construction
activities is expected to be the major driver for the forecast period. The
increased adoption of crewless aerial vehicles or drones for infrastructure
deliveries and inspection accelerates market demand. The use of drones for
cleaning and canal monitoring purposes is creating new avenues to develop
building cleaning drones. Food chains and companies are promoting drones for
prompt food delivery and with minimal chances of error. Drones can be used to
perform unmanned searches and carry out rescue missions in cases of natural
disasters without risking human life, meanwhile increasing the chances of
surviving. The surge in demand for drones to conduct maintenance works, along
with the removal of trash and oil spills from water, is expected to boost the
market growth. Increasing deployment of unmanned aerial vehicles for border
patrolling activities and combating terrorism is boosting the demand in the
defense sector. The government of Singapore is using drones for urban infrastructure
management, farming, and ensuring the highest level of public safety. Drones
are being used for the process of land management to efficiently capture the
aerial views, as in Singapore, a large area needs to be monitored and
maintained.
Singapore drone market is segmented into
type, segment, application, payload, regional distribution, and company. Based
on segment, the market can be divided into military and commercial. The
commercial segment is expected to witness substantial growth in the forecast
period, 2024-2028, due to the presence of blooming industries and the
technological advancements to make the drone more efficient.
The major players operating in the
Singapore drone market are H3 Dynamics Holdings Pte.
Ltd., Kelley Aerospace, DJI (Authorized Dealer Avetics Global), Garuda Robotics
Pte. Ltd., MIRS Innovate Pte. Ltd., Infinium Robotics, Parrot SA
(Authorized Dealer Singapore Hobby Supplies Pte Ltd), General Atomics, Lockheed
Martin Corporation, Northrop Grumman Corp, among others. Major companies are
developing advanced technologies and launching new services to stay competitive
in the market. Other competitive strategies include mergers & acquisitions
and new service developments.
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Objective of the Study:
- To analyze the historical growth of the market size of Singapore
drone market from 2018 to 2021.
- To estimate and forecast the market size of Singapore drone market from
2022 to 2028 and growth rate until 2028.
- To classify and forecast Singapore drone market based on type,
segment, application, payload, regional distribution, and company.
- To identify dominant region or segment in the Singapore drone.
- To identify drivers and challenges for Singapore drone market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Singapore drone market.
- To identify and analyze the profile of leading players operating in
Singapore drone market.
- To identify key sustainable strategies adopted by market players in
Singapore drone market.
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across the globe. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers who could not be identified
due to the limitations of secondary research. TechSci Research analyzed the manufacturers,
distribution channels and presence of all major players across the globe.
TechSci
Research calculated the market size of Singapore drone market using a bottom-up approach, wherein data for various end-user segments
was recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated through analyzing historical data of these product types and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key Target Audience:
- Drone manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums, and alliances related
to drone market.
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historical Data
|
2018 –
2021
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024
– 2028
|
|
Quantitative Units
|
Revenue in USD Million, Volume in Units and CAGR for 2018-2022
and 2023E-2028F
|
|
Report coverage
|
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments covered
|
·
Vehicle Type
·
End Use
·
Fuel Type
|
|
Regional scope
|
Central
& East; North-East; North; West
|
|
Key companies profiled
|
H3 Dynamics Holdings Pte. Ltd., Kelley Aerospace, DJI
(Authorized Dealer Avetics Global), Garuda Robotics Pte. Ltd., MIRS Innovate
Pte. Ltd., Infinium Robotics, Parrot SA (Authorized Dealer Singapore Hobby
Supplies Pte Ltd), General Atomics, Lockheed Martin Corporation, Northrop
Grumman Corp
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report Scope:
In this report, Singapore drone market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
·
Singapore Drone Market, By Product Type:
- Fixed
Wing
- HALE
- TUAV
- MALE
- VTOL
- Others
- Singapore Drone Market, By Segment:
- Singapore Drone Market, By Application:
- Mapping
- Surveying
& Photography
- Security
- Precision
Agriculture
- Media
& Entertainment
- Others
- Singapore Drone Market, By Payload:
- 150kg-600kg
- Above
600kg
- Less
than 25Kg
- 25kg-150kg
- Singapore Drone Market, By Region:
- Central & East
- North-East
- North
- West
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Singapore drone market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Singapore drone market is an upcoming report to be released soon. If you
wish an early delivery of this report or want to confirm the date of release,
please contact us at [email protected]