Increasing demand for drones owing to their versatile applications and enhanced technologies in drones are the factors driving the Global Earth Observation Drone Market.
According to the TechSci Research report, "Earth Observation Drone Market-Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F", Global Earth Observation Drone market is anticipated to surge in the upcoming years. The rising usage of drone in commercial and industrial purpose is the major growth factor for earth observation drone market. Drone can gather a large amount of geospatial data efficiently; their operational ability is quick and is cost effective compared to satellite imagery, thus leading to increasing growth in drone market.
Owing to its growing use in industries such as the oil and gas industry, mining, search and rescue, disaster management, environmental monitoring, and agriculture, drone technology has also experienced tremendous growth. In addition to the military, commercial, and civil government end-users, the demand for drones has expanded to include drone applications in the fields of law enforcement, emergency response, and critical infrastructure monitoring, spurring further development of small payload and sensor varieties as well as sensor agnostic drones. Additionally, the use of drones for aerial photography and filmmaking has significantly influenced the drone industry.
The Earth observation drones are outfitted with a variety of payloads, including cameras, electrical systems and subsystems, and sensors including accelerometers, LiDAR hyperspectral, multispectral, infrared, electro-optical, RGB (Red Green Blue), and ground-penetrating radars. Modern drones are also equipped with Artificial Intelligence (AI) and machine learning technology, which automate drone operations and enable drones to fly safely over any environmentally demanding terrain. Aside from reducing or eliminating human intervention, automation aids in the drones' rapid arrival at their target and swift return to the original takeoff area.
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The Global Earth Observation Drone market is segmented on the basis of application type, end-user type, and region. Based on application type, the market of surveillance and reconnaissance is the most dominating segment in Earth observation drones. With the development of technology, drones have emerged as a crucial tool for defense and military end-users conducting surveillance and reconnaissance operations. Based on end user, the market is divided into three segments of Military, Civil Government and Commercial and on the basis of end user, the commercial drone occupies the largest market share. This is primarily due to newly developed applications where drones have shown to be more eco-friendly, cost-effective, and effective, including precision agriculture, solar power inspection, wind turbine inspection, railway, and bridge monitoring.
Some of the major players operating in the Earth Observation Drone Market include:
- SZ DJI Technology Co., Ltd.
- Parrot Drone SAS
- Lockheed Martin Corporation
- AeroVironment, Inc.
- General Atomics Aeronautical Systems, Inc.
- Northrop Grumman Corporation
- Embention Sistemas Inteligentes SA Can you explain why 4 lines are must in the statement .
- Hubsan,
- Insitu Inc.
- AgEagle Aerial Systems Inc.
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“Many companies are investing in research and development of earth observation drone so that they will diversify more operational ability of drone with the enhanced technologies and have a competitive edge over others. Also, with the versatile application of the drone, the demand of drones will increase in the upcoming years. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Earth Observation Drone Market is Segmented by Application (Environmental Monitoring, Disaster Management, Surveying and Mapping, Search and Rescue, Surveillance and Reconnaissance, Industrial Inspection and Monitoring, Agriculture and Forestry, Cinematography), by End-User (Military, Civil Government, Commercial), By Region has evaluated the future growth potential of Earth Observation Drone Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Earth Observation Drone Market.
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