According to a market report by Lucintel, the future of the earth observation drone market looks promising with opportunities in the military, civil government, and commercial market. The global earth observation drone market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major drivers for this market are growing on demand aerial survey and rising usage of drones for industrial & civil-government applications.
Fixed-wing and rotor-wing are the major segments of earth observation drone market by drone type. Lucintel forecasts that rotor-wing will remain the largest segment over the forecast period due to excellent aerial operations, easy vertical takeoff, and landing,
Within this market, commercial end user is expected to remain the largest segment due to growing need for ground-breaking equipment in the agriculture, energy, and farming sectors.
North America will remain the largest region due to existence of players engaged in producing earth observation drones, sensors-related accessories, and repair services.
DJI, Parrot Drone SAS, Lockheed Martin Corporation, AeroVironment, General Atomics Aeronautical Systems, Northrop Grumman Corporation, Embention, Hubsan, INSITU, Autel Robotics, and AgEagle Aerial System are the major suppliers in the global earth observation drone market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global earth observation drone market by application, end use, drone type, sensor type, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Earth Observation Drone Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global earth observation drone market by application, end use, drone type, sensor type, and region, as follows:
Earth Observation Drone Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Environmental Monitoring
· Disaster Management
· Survey and Mapping
· Search and Rescue
· Surveillance and Reconnaissance
· Industrial Inspection and Monitoring
· Agriculture and Forestry
· Cinematography
Earth Observation Drone Market by End Use [Value ($B) shipment analysis for 2017 to 2028]:
· Military
· Civil Government
· Commercial
Earth Observation Drone Market by Drone Type [Value ($B) shipment analysis for 2017 to 2028]:
· Fixed-Wing
· Rotor-Wing
Earth Observation Drone Market by Sensor Type [Value ($B) shipment analysis for 2017 to 2028]:
· LiDAR
· Hyperspectral Sensor
· Infrared Sensor
· Electro-Optical Sensor
· Red Green Blue Sensor
· Ground Penetrating Radar
Earth Observation Drone Market by Region [Value ($B) shipment analysis for 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Earth Observation Drone Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the earth observation drone market by application (environmental monitoring, disaster management, surveying and mapping, search and rescue, surveillance and reconnaissance, industrial inspection and monitoring, agriculture and forestry, and cinematography), end use (military, civil government, and commercial), drone type (fixed-wing and rotor-wing), sensor type (LiDAR, hyperspectral sensor, infrared sensor, electro-optical sensor, red green blue sensor, and ground penetrating radar), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?