Rising demand for advanced drone technology in surveillance,
reconnaissance, and various industries is anticipated to drive the
growth of the global drone communication market during the forecast
period. The North America region
is expected to observe significant growth during the forecast
period.
WILMINGTON, Del., April 24,
2024 /PRNewswire/ -- Allied Market Research has
recently published a report, titled, "Drone Communication
Market Size, Share, Competitive Landscape and Trend Analysis Report
by Method, by Application: Global Opportunity Analysis and Industry
Forecast, 2023-2032". According to the report, the global
drone communication market generated $2.3 billion in 2022, and is anticipated to
generate $15.8 billion by 2032,
witnessing a CAGR of 21.4% from 2023 to 2032.
(We are providing connected ship Industry report as per
your research requirement, including the Latest Industry Insight's
Evolution, Potential and Russia-Ukraine War Impact Analysis)
- 125 - Tables
- 51 - Charts
- 320 – Pages
Prime Determinants of Growth
The rising demand for advanced drone technology in surveillance,
reconnaissance, and various industries, coupled with advancements
in satellite and cellular communication technologies, is boosting
the growth of the drone communication market. However, the
challenges associated with long-distance communication, scalability
issues, and computational variability in drones is restraining the
market's growth during the forecast period. On the other hand, the
increasing adoption of drones for applications in construction,
mining, agriculture, and inspection sectors, along with the
development of innovative communication solutions, is poised to
unlock lucrative market growth opportunities in the future.
Request Sample of the Report on Drone Communication Market
Forecast 2032
https://www.alliedmarketresearch.com/request-sample/A183069
Report Coverage & Details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base Year
|
2022
|
Market Size in
2022
|
$2.3 billion
|
Market Size in
2032
|
$15.8
billion
|
CAGR
|
21.4 %
|
No. of Pages in
Report
|
320
|
Segments
covered
|
Method, Application,
and Region
|
Drivers
|
Increasing demand for
advanced drone technology for surveillance and reconnaissance
purposes
Advancements in
satellite and cellular communication technologies enhancing drone
communication capabilities
|
Opportunities
|
Growing applications of
drones in construction, mining, agriculture, and inspection
sectors
Development of
innovative communication solutions to meet evolving industry
needs
|
Restraints
|
Computational
variability among drones within fleets posing limitations to
optimal mission performance
|
Procure Complete Report (320 Pages PDF with Insights, Charts,
Tables, and Figures)
https://www.alliedmarketresearch.com/checkout-final/drone-communication-market-A183069
COVID-19 Scenario:
- The COVID-19 pandemic significantly impacted the global drone
communication market. The pandemic initially hindered market growth
due to disruptions in supply chains and manufacturing
processes.
- Increasing restrictions and lockdown measures led to a
temporary slowdown in market activities. However, rising demand for
drone technology in various sectors such as healthcare,
surveillance, and delivery drove market growth during the
pandemic.
- The need for contactless delivery and monitoring solutions
boosted the adoption of drones, particularly in sectors like
e-commerce and healthcare. Despite initial challenges, the pandemic
ultimately accelerated the growth of the global drone communication
market as businesses and industries sought innovative solutions to
adapt to the new normal.
Method: Satellite Sub-Segment to Hold Leading Market Share by
2032
The satellite sub-segment dominated the market in 2022, holding
a major share of 28.1%. This sub-segment is expected to hold a
leading market share of 29.3% by 2032. This growth is mainly due to
increasing demand for reliable and uninterrupted communication
beyond line of sight, especially in military applications.
Moreover, advancements in satellite technology, offering higher
data throughput rates and superior connectivity, are driving the
adoption of satellite communication, thereby boosting its market
dominance.
Application: Agriculture Sub-Segment to Observe Significant
Growth during the Forecast Period
The agriculture sub-segment led the market in 2022, holding a
substantial share of 32.0%. This is mainly due to the increasing
adoption of drones for precision farming, boosting efficiency and
productivity in agricultural operations. Rising demand for
real-time crop monitoring and analysis, coupled with the need for
optimized resource management, is driving the adoption of drone
technology in the agriculture sector.
By Region: North America to
Hold the Leading Market Share in Forecast Period
The North America region
dominated the global drone communication market in 2022, holding a
major share of 34.3%. The dominance of this region is expected to
continue by 2032, growing with a major share of 32.1%. This is
mainly due to increasing investments in drone technology, rising
demand across diverse sectors such as construction, agriculture,
and defense, and driving innovation in communication systems in
this region. Additionally, the region's well-established regulatory
framework and supportive infrastructure are boosting market growth
and fostering a conducive environment for drone operations.
Leading Players in the Drone Communication Market:
- Teal Drones
- AgEagle Aerial Systems Inc.
- Parrot Drone SAS
- AeroVironment, Inc.
- DJI
- Draganfly Innovations Inc.
- Yuneec
- Freefly Systems
- Skydio, Inc.
- Microdrones
The report provides a detailed analysis of the key players of
the global drone communication market. These players have adopted
different strategies, such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain their dominance in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
Request For Custom Report:
https://www.alliedmarketresearch.com/purchase-enquiry/A183069
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