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Drones Industry Forecasts to 2025 - DJI Holds the Majority Share, Followed by Terra Drone, Parrot, Yuneec Intl and DELAIRDUBLIN, Feb. 14, 2020 /PRNewswire/ -- The "Drones Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The drones market is anticipated to register a CAGR of over 15% during the forecast period. Asia-Pacific to Experience the Highest Growth between 2019-2024 The Asia-Pacific region is anticipated to have the highest growth during the forecast period. The recent changes in drone regulations in several countries across the region are expected to support the growth of the market. In the Asia-Pacific region, Indonesia and Australia are two countries that are expected to witness exponential growth in the use of drones, after China, India, and Japan. Recently, JD.com announced the completion of its first Indonesian government-approved drone flight that marked the beginning of commercial drone use in Indonesia and the Southeast Asian region. In addition, the investments by major companies in this region are further expected to propel the growth of the market. For instance, Airbus launched the Airbus Aerial commercial drone services in the Asia-Pacific region, with Singapore as the headquarters. The increasing commercial applications, along with changing drone laws in the region, are expected to act as major driving factors for the market in this region over the coming years. Competitive Landscape The drones market is highly consolidated, with the majority of the share taken by DJI. Some of the other prominent players in the market are Terra Drone Corporation, Parrot SA, Yuneec International, and DELAIR. DJI holds a major share globally, due to its sales of UAVs for aerial photography and videography, like Phantom 4 Pro, Mavic Series, and Spark. The company is also developing new technologies and UAVs for new applications, like agriculture. However, there are many small companies and startups that have entered the market in the past few years, due to the high profitability. The companies are competing with each other and are developing advanced technology-integrated UAVs and drones that decrease the human effort in applications, like mining, construction, and aerial mapping, among others. Additionally, the entry of companies, like Boeing, Alphabet, and Intel, into the commercial sector of UAVs is expected to help the fragmentation of the market over the coming years. Key Topics Covered 1 INTRODUCTION 1.1 Study Assumptions 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Market Overview 4.2 Market Drivers 4.3 Market Restraints 4.4 Porter's Five Forces Analysis 4.4.1 Bargaining Power of Buyers/Consumers 4.4.2 Bargaining Power of Suppliers 4.4.3 Threat of New Entrants 4.4.4 Threat of Substitute Products 4.4.5 Intensity of Competitive Rivalry 5 MARKET SEGMENTATION 5.1 Application 5.1.1 Construction 5.1.2 Agriculture 5.1.3 Energy 5.1.4 Entertainment 5.1.5 Oil & Gas 5.1.6 Other Applications 5.2 Geography 5.2.1 North America 5.2.2 Latin America 5.2.3 Asia-Pacific 5.2.4 Europe 5.2.5 Middle-East & Africa 6 COMPETITIVE LANDSCAPE 6.1 Market Share Analysis 6.2 Strategies Adopted by Leading Players 6.3 Company Profiles 6.3.1 DJI 6.3.2 Intel Corporation 6.3.3 Alphabet Inc. 6.3.4 Parrot S.A. 6.3.5 Yuneec International 6.3.6 DELAIR 6.3.7 Drone Delivery Canada 6.3.8 The Boeing Company 6.3.9 BirdsEyeView Aerobotics 6.3.10 PrecisionHawk 6.3.11 Syma 6.3.12 Terra Drone Corporation 7 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/yjeoir Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/drones-industry-forecasts-to-2025---dji-holds-the-majority-share-followed-by-terra-drone-parrot-yuneec-intl-and-delair-301005263.html SOURCE Research and Markets |