3 Insights from Fact.MR’s Drone Market Forecast

Free Press Release DB | Press Release Date : Dec 7, 2017  Download

The commercial drone segment is projected to reach US$ 6,382.8 Mn towards the end of the forecast period.

Drone or Unmanned Aerial Vehicles (UAVs) are frequently used for carrying out military operations. Nonetheless, these unmanned aircrafts are also being increasingly used for undertaking non-military affairs owing to their groundbreaking aerial capabilities. Unlike the traditional aircraft, drones can fly for longer durations. Moreover, they come in various price rang depending on the features. Demand for drones has been significantly high in recent years. As per a study conducted by Fact.MR the global drone market is expected to increase at an impressive CAGR of 22.8% during 2017 to 2022.  Drones are considered as innovative aerial vehicles that have exceptional combat capabilities, which is why they are being used by various countries for defense purposes. Currently, drones are playing an important part in countering anti-social activities and terrorism. Growing demand for precision technologies is expected to favor the global market for drones in the near future.  However, risk of accidents and technical failures remain a major concern for manufacturers. This, in turn, is also acting as a bottleneck for the market and curtailing widespread adoption of drones. Further, stringent regulatory norms on drone use continue deter the growth of the market.  North America is at the forefront of the global market. The region’s market is expected to remain highly lucrative throughout the forecast period, reflecting at a stellar CAGR in terms of value.

Click Here For Sample Report

@ https://www.factmr.com/connectus/sample?flag=S&rep_id=62

Following highlights from the Fact.MR’s forecast on the global market for drone is expected to assert the market’s future prospects

  1. In terms of revenue, military drones are expected to account for the largest share of the market during the forecast period. In addition, this product type segment of the global drone market is estimated to surpass a multibillion dollar valuation towards the end of 2022. Meanwhile, the commercial drone segment is anticipated to stand at a little over US$ 6 Bn over 2022.


  1. Drones with 25 kg - 150 kg payload are expected to witness strong demand throughout the assessment period. This payload segment is likely to cross a market valuation of US$ 3,839 Mn. Meanwhile. The 150 kg - 600 kg payload segment is projected to register the fastest CAGR over 2022.


  1. On the basis of application, drones will be used mainly for border security purposes. The border security application segment is expected to contribute a large portion to the global drone market revenue. By 2022-end, this segment is estimated to procure heavy revenues. In addition, this application segment is projected to gain 16 BPS from 2017 to 2022.  Apart from military and defense, drones are increasing finding application is other sectors such as aerial photography, agriculture, construction, and film and entertainment.

Browse Full Report with TOC @ https://www.factmr.com/report/62/drone-market

Competition Tracking

Key companies in the global market for drone include DJI, AeroVironment, Inc, CyPhy works Inc., 3D Robotics, Sentra, LLC, Agribiotix, LLC, AgEagle Aerial Systems, Skycatch, Inc., Airware, Precision Hawk Inc., and SenseFly SA.

Check Discount

@ https://www.factmr.com/report/62/drone-market

About Fact.MR       
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

Contact Person & Company



Namrata Gupta



Contact Numbers

Telephone No.


Fax No.


Handphone No.



Website 1


Website 2




PR Tags


Drone Market,


Contact The Author

Contact Nivedita Singh

More Press Release From Author

Dried Spices Market: Supermarkets/Hypermarkets to Generate Significant Revenues

Free Press Release DB :

The global dried spices market is expected to represent a value of over US$ 17,400 Mn by the end of 2026. --> Read This Press Release !

By : Namrata, Gupta ( Dec 15, 2017 )
Category : Business Press Release | Country : Ireland Press Release

6 Key Takeaways from Fact.MR’s Report on Drip Coffee Machine Market for Forecast Period 2017-2026

Free Press Release DB :

According to the report by Fact.MR, the global market for drip coffee machine is likely to witness sluggish growth between 2017 and 2026. The global market for drip coffee machine is estimated to reach US$ 213.0 million revenue. --> Read This Press Release !

By : Nivedita, Singh ( Dec 15, 2017 )
Category : Food and Drinks Press Release | Country : Ireland Press Release

Seasonings and Spices Market: Online Stores to Generate Significant Revenues through 2026

Free Press Release DB :

According to Fact.MR, the seasonings and spices market is expected to represent a value of over US$ 34,500 Mn by the end of 2026. --> Read This Press Release !

By : Nivedita, Singh ( Dec 14, 2017 )
Category : Food and Drinks Press Release | Country : Ireland Press Release

Read More Articles From Nivedita Singh


The author of the press releases are solely responsible for the content of their press releases. Freepressreleasedb.com can't be held liable for the content posted by author. Please check the accuracy of the press release before using the press release. If necessary please contact the author. Thank you.

Report Abuse