USD 98.9BN OF POTENTIAL OPPORTUNITY IS OPENING UP IN DRONES INDUSTRY
Download PDFDisruption – as Drones market heads to $ 98.9 Bn, drone services is the next big trend- $25-30 BN of potential opportunity is opening up
Adoption of Upcoming technologies such as ai, 3d printing, digital twin, cloud computing are resulting in numerous product innovations in the drone industry such as drone taxis, swarm drones, Connected drones among others
Disruption – as Drones market heads to $ 98.9 Bn, drone services is the next big trend- $25-30 BN of potential opportunity is opening up
COVID IMPACT PROJECTIONS ON DRONE ECOSYSTEM ACROSS USE CASES
TOP Drones GROWTH STORIES
MARKETSANDMARKETS ASSISTED A $20 billion company FIND NEW APPLICATIONS FOR ITS unmanned system PRODUCTS TO CREATE $130-150 MN REVENUE IMPACT
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MARKETSANDMARKETS HELPED A LEADING DRONE PAYLOAD MANUFACTURER TO GROW THEIR ASIA-PACIFIC BUSINESS, WITH A PROJECTED REVENUE OF US$100-120 MILLION IN 3 YEARS
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MARKETSANDMARKETS PROVIDED CONSULTATION TO A COMPONENT MANUFACTURER IN DRONE ECOSYSTEM TO GROW THEIR BUSINESS BY EXPANDING THE PRODUCT RANGE, WITH A PROJECTED REVENUE ADDITION OF US$60-80 MILLION IN NEXT 2-3 YEARs
Download PDFUNMANNED AERIAL VEHICLE MARKET IS ESTIMATED TO GROW AT A CAGR OF 16-17% IN THE COMING DECADE, DRIVEN BY INCREASED deployment of drones across various applications
UNMANNED AERIAL VEHICLE MARKET IS ESTIMATED TO GROW AT A CAGR OF 16-17% IN THE COMING DECADE, DRIVEN BY INCREASED deployment of drones across various applications such as inspection, disaster relief among others
Vertical takeoff and landing (VTOL) TO REGISTER Highest GROWTH of 17-18% by 2030 within the uav market
SIMILARLY, ADJACENT MARKETS OF drone services HOLD A POTENTIAL OF OVER USD 88.52 BN, MAJORITY OF WHICH WILL BE CONTRIBUTED BY DATA ANALYTICS
ADDITIONALLY, WE HAVE ASSISTED A HOST OF DRONE PLAYERS to TAP HIGH GROWTH OPPORTUNITIES ACROSS EMERGING END-USERS, GEOGRAPHIES & COMPETITION
WHY DO COMPANIES NEED HELP TO GROW?
ABSENCE OF ORIGINAL RESEARCH:
- Since it’s more of a futuristic market, hence it was difficult to validate all the findings through primary interviews that were conducted
INTELLIGENCE IS NOT DEMOCRATISED:
- Client unmet needs need to be understood by all market facing employees for new product development and vendor selection.
- The in-depth knowledge about upcoming trending technologies and growing UAVs applications such as military, commercial, consumer and government & law enforcement.
GROWTH PROGRAM DESIGN AND EXECUTION:
- Lack of awareness and knowledge regarding the competitors pricing, product features and growth strategies.
SOME UNKNOWNS & ADJACENCIES
- Adoption levels of UAVs in Military applications is high. It is expected to ranges between 40-50% globally during 2026, however, in developed countries it is approaching 60%. The UAVS are witnessing increased demand owing to the convenience of use offered by them, as well as their capability to lessen casualties significantly.
- Increasing focus on border management and search & rescue operation scenario in Government & law enforcement application drives the adoption of UAVs.
- Adjacent markets such as Drone services, drone packing & delivery provide immense growth opportunities owing to generation of huge demanding for quicker analysis and reduced turnaround time.
- The focus on adopting UAVs for various applications is primarily high in developed economies as compared to the emerging countries owing the fact that drones and its adjacent market attracts huge capital. Developed countries have more focused and targeted towards UAVs and its applications across the multiple domains.
- The developed region like North America dominates the UAV market with 37%, followed by Asia Pacific with 30% share Europe with 23% market share.
GROWTH PROBLEMS ENCOUNTERED BY Drones COMPANIES
Customer prioritization and assessing unmet needs:
- What are the disruptions in our clients’ businesses? How can we support them for additional growth?
- Who are the most potential customers going forward? Should they provide platform, services or software solutions?
- What are the key unmet needs of end users? Who are the key stakeholders in different applications? Do vendor selection criteria differ by applications? Which new product features should be added to the existing drone products?
Where to Play:
- Which applications and end-use industry areas should the client focus on? Should it be construction & mining, agriculture, oil & gas or any other?
- Which regions should they place bets on? Should they continue with developed countries or do developing countries offer more growth opportunities?
Building a compelling Right to Win (RTW):
- For M&A, which are the right targets? Should they target platform manufacturers, software providers or service providers? Should they enter new markets directly or through partners?
- How can they differentiate from top players? What is the right-to-win vs ours?
OBSTACLES TO GROWTH FOR CURRENT PLAYERS
- Not able to keep pace with fast evolving drone industry – New technologies are emerging with increasing level of autonomy
- Many start-ups and emerging companies eating up market share of established companies
- Limited clarity on unmet needs, hence requirements for product features
- Limited clarity on regulatory scenario
- li>Unclear picture about the pricing of the solution across various geographies and future pricing trend
KEY UNCERTAINTIES/ PERSPECTIVES WHICH INDUSTRY LEADERS SEEK ANSWERS TO:
KEY QUESTIONS OF Drones COMPANIES
- What are the market entrance regulation and norms for emerging economic countries?
- What would be the change in revenue mix in near future, and what would be opportunity for star-ups in near five years?
- Will UAVs become affordable for consumer application, or will it continue being used for specific applications?
- What drone services will be relevant and redundant in the next 5 years?
- How does the aftermarket for UAVs look like in the next 10 years?
- What are the core applications of UAVs, which application segment is expected to dominate the market for coming years?
- Currently, does the market look lucrative or saturated. How would be the scenarios going forward.
KEY QUESTIONS OF COMPANIES IN ADJACENT MARKETS
- Which products and solutions should the company focus? Should they have a tailored offering for new platform, vs only bringing their existing products?
- How are companies planning on providing aftermarket services?
- When can a 100% UAVs adoption be expected?
- What will be the overall impact of UAVs on competitive markets?
What is driving change
in your business
- Product life cycles getting shorter.
- Ecosystems getting converged.
- Newer technologies and new use-cases disrupting.
- New markets, new geographies, new clients, competition and partners.
Are changes only impacting you or your clients and their clients as well?
The trial will be a guided tour by our representative to help you discover the shift in revenue sources of your clients and clients' clients that will impact your revenue. This is your opportunity to unlock the research IP worth $100 million
MNM ASSISTED A $20 billion company FIND NEW APPLICATIONS FOR ITS unmanned system PRODUCTS TO CREATE $130-150 MN REVENUE IMPACT
RI STORY #1: FOR A LEADING DRONE PAYLOAD MANUFACTURER, WE HELPED THEM GROW THEIR ASIA-PACIFIC BUSINESS, WITH A PROJECTED REVENUE OF US$100-120 MILLION IN 3 YEARS
RI STORY #2: FOR A COMPONENT MANUFACTURER IN DRONE ECOSYSTEM, WE HELPED THE CLIENT GROW THEIR BUSINESS BY EXPANDING THE PRODUCT RANGE, WITH A PROJECTED REVENUE ADDITION OF US$60-80 MILLION IN NEXT 2-3 YEARs
mnm RESEARCH FOCUSES ON HIGH GROWTH & NICHE MARKETS – such as Fixed-wing vtol UAVS, drone analytics, drone logistics and transportation, drone services AND RELATED MARKETS
INDICATIVE LIST OF OTHER PROJECTS EXECUTED FOR Drones COMPANIES:
- STUDY
- Unmanned Aerial Vehicles
- Drone Payloads
- Fixed Wing VTOL UAVs
- Military Drones
- Unmanned Composites
- Small Drones
- Drone Services
- Drone Simulators
- Drone Taxis
- Military Robots
- Unmanned Electronic Warfare
- Drone Package Delivery
- Drone Analytics
- Drone Logistics and Transportation
- Drone Defence System
- Target Drones
- Drone Battery
- Drone Inspection and Monitoring
- Drone Software
- Autonomous Last Mile Delivery
- Airborne ISR
- eVTOL Aircraft
- Swarm Intelligence
- Agriculture Drones
- Urban Air Mobility
- Multirotor Drones
- LiDAR Drones
- Renewable Drones
- Autonomous Aircraft
- Targeting Pods
- Anti Drones
- Utility Drones
- Drone Sensors
We UNDERSTAND THE ECOSYSTEM OF drones AND HAS RESEARCH COVERAGE ACROSS THE submarkets
impacting you and
your clients
Drones COMPANIES
VP, Marketing & Business Development
Leading Drone Platform Manufacturing Company
Thanks for delivering our customized market study on drone payloads in time and with the expected quality. Your responsiveness and continuous support proved to be very valuable. The results we rely on will assist us in making strategic business decisions in the future
DEPUTY MANAGER
Strategic Planning Office
I wanted to give your team some feedback based off of our experience with MarketsandMarkets. I was very impressed with your professionalism as well as ability to answer questions in a timely fashion. You also promised to get our research on impact of upcoming technologies on drones done by the end of October and you delivered on time. Overall we are happy to have worked with you and if another project comes up in the future regarding detailed analysis, we would consider working with Markets to Markets again.
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