Technavio has been monitoring the tethered drones market and it is poised to grow by $ 193.67 mn during 2020-2024, progressing at a CAGR of over 70% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Tethered Drones Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
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What is the major trend of the market?
Growing demand for drones in telecommunications is a major trend driving the market growth. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 61.43% and the incremental growth of the market is anticipated to be $ 193.67 mn during the forecast period. -
Who are the top players in the market?
AeroVironment Inc., Airbus SE, ComSovereign Holding Corp., DRAGONFLY PICTURES Inc., ECA Group, Elistair SAS, FLIR Systems Inc., Hoverfly Technology Inc., Sky Sapience Ltd., and Yuneec International Co. Ltd., are some of the major market participants -
What is the key market driver?
Expanding application scope of drones is the major factor driving the market. -
How big is the North America market?
The North America region will contribute 51% of the market share
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AeroVironment Inc., Airbus SE, ComSovereign Holding Corp., DRAGONFLY PICTURES Inc., ECA Group, Elistair SAS, FLIR Systems Inc., Hoverfly Technology Inc., Sky Sapience Ltd., and Yuneec International Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Expanding application scope of drones has been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Tethered Drones Market 2020-2024: Segmentation
Tethered Drones Market is segmented as below:
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End-user
- Defense
- Telecommunication
- Others
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Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Tethered Drones Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The tethered drones market report covers the following areas:
- Tethered Drones Market Size
- Tethered Drones Market Trends
- Tethered Drones Market Industry Analysis
This study identifies the growing demand for drones in telecommunications as one of the prime reasons driving the tethered drones market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Tethered Drones Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist tethered drones market growth during the next five years
- Estimation of the tethered drones market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the tethered drones market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of tethered drones market, vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Defense – Market size and forecast 2019-2024
- Telecommunication – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by End-user
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AeroVironment Inc.
- Airbus SE
- ComSovereign Holding Corp.
- DRAGONFLY PICTURES Inc.
- ECA Group
- Elistair SAS
- FLIR Systems Inc.
- Hoverfly Technology Inc.
- Sky Sapience Ltd.
- Yuneec International Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200805005071/en/