Thermal Drone Market to Outdo Estimation of US$ 9,554.9 Million by 2032 end, Opines Fact.MR

The thermal drones market is anticipated to be worth US$ 2,790.0 million in 2023 and US$ 9,554.9 million by 2033, increasing at a CAGR of roughly 13.1% throughout this period.

The drone industry is anticipated to grow at a 17.6% CAGR, reaching an estimated value of $33.9 billion globally in 2023. When it comes to technological innovation and revenue generation, thermal drone sales are in the lead; by the end of 2022, they will have nearly 8% of the worldwide drone market.

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Market Titans

  • Aeromao Inc
  • Clickmox Solutions Inc
  • ComNav Technology Ltd
  • Delta Drone
  • DJI
  • Dronefly
  • DSLRPros
  • Edall Systems
  • Flytron
  • Globe UAV GmbH
  • ideaForge Pvt Ltd
  • MikroKopter
  • Parrot Drone SAS
  • RCHOBBYTECH SOLUTIONS PRIVATE LIMITED
  • Shenzhen Keweitai Enterprise Development CO LTD

Salient Points

  • Global thermal drone market is poised to expand at a CAGR of 13.1% reaching the valuation of US$ 9,554.9 million by the end of 2033.
  • On the basis of drone type, the market is projected to dominate by military drone sub-segment, which is projected to account for 68.0% of the market share by 2023
  • By end use vertical segment, mining sector is likely to account for 18.7% of revenue share by obtaining a valuation of US$ 521.7 million in 2023.
  • East Asia region is expected to register a CAGR of 14.1% over the forecast period, to be valued at US$ 546.8 million by 2023 end
  • Under sales channel segment, offline sales of thermal drone is estimated to account for approximately a 76.9% share of aftermarket sub-segment in 2023.

Immense Applications of Thermal Drones Especially in Underground Mining to Create Revenue Generation Opportunities” says a Fact.MR analyst

Upshots

Over the years, delays in regulatory approval in many countries have forced several industry players whose business models depend entirely on the approval of thermal drones to cease operations.

However, with countries now granting the necessary regulatory approvals to operate drones, companies may find it easier to enter and compete in the market. Market participants are focusing on their resources and investing capital on research and development. Moreover, they are trying to expand their footprint in the region.

  • DJI, in 2020 introduced the drones having the thermal camera Matrice 300 RTK and the Mavic 2 Enterprise Dual. These drones can be used for thermal imaging purposes.

Thermal drone market size, share, trends and growth forecast by Fact.MR

 Industry Research

  • By Drone Type :
    • Consumer / Civil
    • Commercial
    • Military
  • By Wavelength :
    • Short (Up to 2 microns)
    • Medium (2-5 microns)
    • Long (Above 5 microns)
  • By Sales Channel :
    • Online Sales
      • Direct to customer
      • Third Party Online
    • Offline Sales
      • Modern Trade Channels
      • Electronic Stores
        • Franchised Store
        • Independent Stores
      • Others
  • By End-Use Vertical :
    • Agriculture
    • Military and Government
    • Energy
    • Public Safety and Insurance
    • Mining
    • Healthcare
    • Oil and Gas
    • Logistics
    • Recreational
  • By Region :

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

How Fact.MR Assists in Making Strategic Moves?

The data provided in the Thermal Drone Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

What Do You Get in a Fact.MR Study?

  • Factors affecting the overall development of the global Thermal Drone Market
  • Factor that might restrain the growth of the global market in the coming years of the forecast period.
  • What is present competitive scenario of the global Thermal Drone Market and its intricate details concerning potential business prospects of leading market players
  • Pricing strategies of several different market players in the global Thermal Drone Market

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