Rockville, Maryland, USA, June 17, 2022 (GLOBE NEWSWIRE)- Global demand for drone accessories market Estimated to exceed US $ 116 billion by the end of 2032, with an impressive CAGR of 20.8% over the 2022-2032 valuation period, according to market research and competitive intelligence provider Fact.MR. ..
The military drone accessories segment promises significant growth and dynamic change in the drone accessories market. Technological advances such as low noise levels and extended battery life are paving the way for the drone market and thus for drone accessories. In addition, the continued growing demand for drones for delivery and logistics is helping the drone accessories market grow.
For important insights upon Drone accessories Market, request a Sample report
The construction and mining sectors are dynamically shifting to drones due to the need to monitor progress, mitigate safety risks, and survey land area. The government’s favorable regulations on drones create ample opportunities for drone accessory manufacturers around the world.
Company-sponsored precision agriculture is the primary catalyst for the adoption of drones among farmers and farmers. The IoT in agriculture is growing. Demand for agricultural application-based drone accessories is expected to grow steadily as it becomes more efficient with technologies that enable rapid analysis of data insights. Agricultural drone accessories accounted for approximately 13.9% of total drone accessory sales in 2021. Increasing demand for precision agriculture will drive the growth of the drone accessories market over the next few years.
Why is drone accessory sales expected to skyrocket in the future?
“A surge in drone industry complementationThe need for drone accessories “
Government agencies are early customers of drones, which paves the way for drone accessories markets such as drone motors and drone batteries. The enterprise drone segment is the fastest growing segment of the entire drone industry. This segment consists of drone software, hardware, services, and accessories for industrial and commercial applications.
Agriculture, building inspection and construction are the top three segments of enterprise drones. Therefore, these segments contribute significantly to the sales of drone accessories.
However, security and law enforcement will continue to be the largest customers of drones and drone accessories for the next few years. Technological advances and government-funded R & D have the potential to create more capable commercial drone technologies that will accelerate adoption in other sectors as well.
For more information Drone accessories Market, you can get in touch with our analysts https://www.factmr.com/connectus/sample?flag=AE&rep_id=1889
Major segments covered by Drone accessories Industry survey
- Drone accessories market accessories:
- Commercial drone
- Consumer drone
- Military drone
- Drone accessories market application:
- Agriculture and forestry
- Shipping and logistics
- Media & Entertainment
- Construction and mining
- Oil gas
- Security and law enforcement
- Recreational activities
- Drone accessories market by sales channel:
Companies use value-added services to tailor their products to each end user. To maintain the USP, prominent market players are innovating accessories with top-notch technology and other features such as collision safety and noise reduction.
In addition, market players are also looking at technologies such as automated drone accessories and advanced IoT-based systems that will become an important part of the drone industry.
North America is likely to be the most prominent region on the demand side, and the Asia Pacific region is expected to be the fastest growing non-defensive market throughout the evaluation period. A strong supply chain network and capital expansion in East Asia will open new opportunities for manufacturers during the forecast period.
In addition to organic growth strategies, manufacturers have several opportunities to follow inorganic growth strategies such as mergers, partnerships and collaborations to expand in East Asia for ample revenue-generating opportunities.
Get customization Drone accessories market Report of a specific research solution
Major players Drone accessories market
- Autel robotics
- Eagle Pro
- Fat shark
Important points from Drone accessories Market research
- The global drone accessories market is poised to expand to reach US $ 116.1 billion with a CAGR of 20.8% by 2032.
- Based on the type of accessories, the market is dominated by military drone accessories and is projected to have a market share of 68.3% by 2032.
- By application, delivery and logistics account for a 22.8% revenue share and could create an absolute $ 24.2 billion $ opportunity during the valuation period.
- Demand for security and law enforcement drone accessories is projected to increase 7.1x in value during the forecast period, while construction and mining drone accessories will increase 4.9x.
- The North American market has registered a CAGR of 19.1% over the forecast period and is expected to be valued at US $ 28.2 billion by the end of 2032.
- In the sales channel, it is estimated that online sales of drone accessories account for about 19% of the aftermarket.
About the technical department of Fact.MR
Fact.MR’s highly experienced technology team expert analysis, actionable insights, and strategic recommendations help clients around the world have their own business intelligence needs. With over 1,000 reports and a repertoire of over 1 million data points, the team has analyzed the technology industry in more than 50 countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Examine Fact.MR coverage for technology domains-
Smart lock market―――― The global smart lock market will grow at an impressive 16% CAGR, reaching US $ 19 billion by 2032. Most of the revenue in the smart lock industry comes from the United States and can account for more than three-fifths of total demand.
Big data analysis in the healthcare market―――― Global big data analysis in the healthcare market is estimated at US $ 39.7 billion in 2022. Data as a technology is being rapidly adopted and monetized by stakeholders in the healthcare industry and will grow global big data analytics in the healthcare market. With a CAGR of over 19%, the total market value will be US $ 194.7 billion by the end of 2032.
Integration and orchestration middleware market―――― Integrated middleware basically represents a software system that provides run-time services for communication, execution, monitoring, and operation of integrated applications. Orchestration is a middleware-based technology that establishes a highly centralized part of the architecture that allows you to manage the design of business process definitions and execute business process logic.
Smart shade device market―――― Globally, the demand for smart shades will grow rapidly during the 2020-2030 forecast period due to increasing consumer aspirations and the need for a comfortable and luxurious lifestyle.
Bare metal cloud market―――― The bare metal cloud industry is expected to grow by approximately 25% year-on-year (YoY) in 2022, with a total valuation of US $ 12 billion. Applications for AI and machine learning have shown nearly double the positive growth. Market valuations reached approximately US $ 2.5 billion, 22% year-on-year, and big data applications increased approximately 29% year-on-year to approximately US $ 2 billion.
Low code development market―――― Global sales of low-code development are expected to reach US $ 14 billion in 2022. According to the survey, the industry is expected to reach a valuation of US $ 187 billion by 2032, reflecting a positive CAGR of 29.5% over the entire valuation period. ..
GDPR evaluation tool market-The EU General Data Protection Regulation (GDPR), which replaced the Data Protection Directive 95/46 / EC, aims to harmonize data privacy laws across Europe. GDPR has become the standard of consumer credibility, and the number of service providers of GDPR rating tools is increasing in Europe when it comes to privacy of personal data.
Projector lamp market-Projector lamp market analysis. Global demand is expected to grow 5.5% year-on-year. The total market size of projector lamps in 2021 will be approximately US $ 2 billion. LED projector lamp housings are likely to show a positive growth rate of just over 6.5%, and metal halide lamps are expected to grow 5.2% year-on-year by the end of 2021.
Photodiode market―――― Globally, the demand for photodiodes is expected to reach the highest level of evolution during the forecast period with the launch of 5G and the widespread use of smartphones. In addition, photodiode applications prove that telecommunications is a small hole in it and is a comprehensive range of end-use industries.
Airport kiosk market―――― The global airport kiosk market was valued at around US $ 1.7 billion in 2020. Airport kiosk sales are projected to accelerate to over US $ 4 billion by 2031 with a healthy CAGR of 9%. Airport kiosk sales are the overall interactive kiosk market. Demand for baggage check-in kiosk is set to surge at a solid CAGR of 11% over the 2021-2031 valuation period.
Different market research and consulting agencies! That’s why 80% of Fortune 1,000 companies trust us to make the most important decisions. Experienced consultants use the latest technology to extract hard-to-find insights, but USP believes that clients have confidence in our expertise. Across a wide range from Automotive and Industry 4.0 to Healthcare and Retail, our coverage is extensive, but we guarantee that even the most niche categories will be analyzed. Sales offices in Dublin, USA and Ireland. Headquartered in Dubai, United Arab Emirates. Contact us with your goals. That way, we will be competent research partners.
11140 Rockville Pike
Rockville, Maryland 20852
Tel: +1 (628) 251-1583
Follow: LinkedIn | Twitter