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Tethered Drones Market

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Tethered Drones Market
Tethered Drones Market Research Report - Global Industry Forecast To 2023
Tethered Drones Market
Research Report - Global
Industry Forecast To 2023
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Copyright © 2017 Market Research Future.
Tethered Drones Market Research Report - Global Industry Forecast To 2023
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Copyright © 2017 Market Research Future.
Tethered Drones Market Research Report - Global Industry Forecast To 2023
Summary:
The Global Tethered Drones Market is likely to Expand at a CAGR of 40% during the Assessment Period from 2019
to 2023.
Market Overview:
Tethered drones, as the term implies, are drones that are equipped with a tether station for the dual purpose of
acting as a constant power supply for the drone as well as to maintain aerial stability of the drone. Tethered drones
are often fully automated drone systems from take off, to landing and can provide ariel coverage over large areas
on a continuous basis. Market Research Future has analyzed the global tethered drones market to find its various
growth patterns.
In 2017, the market was found to have valued USD 74 Mn. At the predicted rate of growth, this figure is expected
to resemble USD 557 Mn by 2023. With stellar growth expected for the market, there are plenty of factors driving
the market and many opportunities worth leveraging.
The tether on a tethered drone allows for easy continuous movement which allows a wide range of moving objects
to be covered making these types of drones ideal for surveillance capabilities. The applications for tethered drones
have expanded significantly in recent years, thus driving the market significantly. Other than the growing number
of applications, tethered drones are also in high demand as they are highly technologically advanced and industries
where drones are used often tend to show a high affinity toward procurement of the latest technology to maintain
efficiency in drone applications. Moreover, there is a high demand for proper public safety following many
unfortunate incidents in urban regions. High crime rates in urban areas, which are expanding has prompted law
enforcement and other public safety authorities to employ the use of advanced technology like tethered drones to
promote the feeling of safety among residents of the given area.
Notably, the market is held back by the lack of appropriate technical expertise among the end-users of tethered
drones. This is restricting the functionality of tethered drones.
Segmentation:
The report segmented the global tethered drones market on the basis of type, component, application, and region.
Types of tethered drones have been segmented into military drones and commercial drones. The military drones
segment is largest, while the commercial drone segment is growing at the fastest pace. Most times, advanced
technology like this, are adopted at a high rate for military purposes before gaining popularity for commercial
applications.
Components have been segmented into sensors, controller system, camera, battery, and others, Among these, the
sensor segment has the most significant share while the controller system is set to grow at the highest CAGR.
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Copyright © 2017 Market Research Future.
Tethered Drones Market Research Report - Global Industry Forecast To 2023
Applications of tethered drones have been segmented into law enforcement, surveying, mapping, inspection and
monitoring, and others. The monitoring segment has captured the largest share while mapping is growing swiftly
and will grow at the highest pace.
Regional Analysis:
The Americas have captured the market-leading position due to the percent of huge technological advancements in
the region and the high investments being made in R&D for tethered drones. The high adoption of new
technologies in the market is a significant driving force. The region, particularly the U.S is also home to several
leading manufacturers. Europe follows the Americas in terms of market size while the Asia Pacific market is set to
grow rapidly due to the presence of rapidly growing economies.
Competitive Dashboard:
MRFR has performed an analysis of the competitive roles of the various market leaders present in the global
tethered drones market. Players included in the report are Hoverfly Technologies (US), ECA Group (France),
UAVTEK (UK), Azur Drones (France), Yuneec (China), Drone Aviation (US), Novadem (France), Elistair
(France), Sky Technologies (US), and CyPhy Works (US).
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Tethered Drones Market Research Report - Global Industry Forecast To 2023
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Copyright © 2017 Market Research Future.
Author
Savni
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