Dublin, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The "Utility Drones: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The Global Utility Drones Market is projected to grow from its estimated value of US$269.4 million in 2022 to reach a substantial figure of US$2 billion by 2030, with a remarkable compound annual growth rate (CAGR) of 28.7%, according to the latest market research report. The demand for end-to-end solutions within the utility drone market is set to grow significantly, reaching an anticipated worth of US$1.3 billion by the end of the analysis period.
The Utility Drones Market includes various segments, with the "End-to-End Solution" segment projected to achieve a CAGR of 29.7%, resulting in a value of US$1.3 billion by the end of the analysis period. With the ongoing post-pandemic recovery, the "Point Solution" segment is also expected to grow at a CAGR of 27.3% over the next eight years.
Key Market Insights:
- U.S. Market: The U.S. utility drone market is estimated at US$78.8 million in 2022.
- China: China, the world's second-largest economy, is forecast to reach a market size of US$337.4 million by 2030, with a CAGR of 27.4%.
- Other Markets: Noteworthy growth is also anticipated in Japan, Canada, and Germany, among other regions.
This market research report offers comprehensive insights into the utility drone market, including global competitiveness, competitor market shares, and evolving market dynamics. It serves as an indispensable tool for industry leaders looking to stay ahead in this burgeoning sector.
Market Scope
The report provides a comprehensive analysis of the utility drones market, spanning from 2022 through 2030, and include insights into historical trends from 2014 through 2020. The data is segmented by geographic region, covering the USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of the World. Annual sales figures in US$ and the corresponding Compound Annual Growth Rate (CAGR) percentages are included for various segments, such as End-to-End Solution, Point Solution, Multi-Rotor, Fixed Wing, Power, and Renewable. Furthermore, the tables offer an 8-year perspective, showing the percentage breakdown of value sales for the specified regions in 2023 and 2030. This data allows for a detailed examination of the past, current, and future trends within the utility drones market.
Market Overview
- Influencer Market Insights
- World Market Trajectories
- Utility Drones - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
What's New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Select Competitors (Total 24 Featured) -
- Abj Drones
- Aerodyne Group - Aerodyne Systems Sdn. Bhd.
- Asset Drone
- Cyberhawk Innovations Ltd.
- Delair SAS
- Hemav S.L
- Measure UAS, Inc.
- Precisionhawk Inc.
- Sharper Shape Inc.
- Sky Scape Industries
- Sky-Futures
- Terra Drone Corporation
- Ulc Robotics
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $269.4 Million |
| Forecasted Market Value (USD) by 2030 | $2000 Million |
| Compound Annual Growth Rate | 28.5% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/6q26hw
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