From $213.11 million in 2020, the global Tethered Drones market is projected to reach $2,722.85 million by 2028. Based on our analysis the market is expected to grow at a CAGR of 37.5% from 2020 - 2028 timeframe.
Some of the prominent trends that the market is witnessing include growing usage in wildlife research, demand for 24/7 surveillance and monitoring, and rising inclination for long duration deployment in firefighting.
Global Tethered Drones Market: Market Dynamics
Drones usage has drastically increased over the past few years. Up until recently, drones were mostly used in the defense sector. The game has changed now with leisure drones already selling in the millions. The development of small and cost-effective drones has led to a variety of uses that businesses and public institutions are starting to leverage to reduce risk, optimize processes and drive new forms of customer and societal value.
However, tethered drones, with their reliable power supply and well-maintained aerial stability, have a huge demand in areas where continuous aerial coverage over large areas is required. For instance, sectors such as law enforcement, public safety, private security, military, and crisis monitoring use tethered drones for reliable aerial coverage.
On the other hand, the invasion of privacy is likely to obstruct the profit boundaries. In addition, increasing application areas of tethered drones will further boost for the Tethered Drones market.
Impact of COVID-19 on Tethered Drones
Using tethered drones to deliver essential medicines and to collect patient samples for COVID-19 testing is being widely promoted. In most cases, the deployment of new tethered drone projects for high frequency deliveries in response to the pandemic is still expected to face several important constraints. It should also note that when some governments and local authorities instruct tethered drone experts to spray disinfectants to contain COVID-19, for example, these local experts may have no choice. Even then, however, if the relevant medicines to help treat COVID symptoms are unavailable, or if insufficient tests are available to test for the virus, then the added value of tethered drones may be limited.
Military Drones Segment Dominate the market in 2020
The military drones segment made huge revenue in 2020 and growing its prominence during the forecast period. The most common use of tethered drones is to provide a persistent surveillance capability for situational awareness. This may be used for military ISR (intelligence, surveillance and reconnaissance), event management and security, disaster response, traffic monitoring and a variety of other applications. Data transmitted via fibre optic military drone tether has the advantage of being more secure as it is less susceptible to interference than wireless signals, and cannot be jammed like RF signals. Military tethered drones are also used as part of long-range communications relays to create temporary networks for cellular, radio and broadband internet signals. Research is also being conducted on the use of UAV tether systems for power generation via the harnessing of wind energy. Military drones can be outfitted with a range of payloads to suit the particular mission, including IR and HD video cameras for real-time streaming, radio repeaters and environmental sensors.
North America Region is Leading in the Global Market Place
North America region is likely to have a huge demand in the forecast period owing to huge technological advancements led by the substantial investments made in the R&D sector. The rapid uptake of new technologies and investment by the government in the defense sector are some of the major driving forces driving the market. The presence of well-established market players is fuelling the market growth. The resurgent economy in the region is playing a vital role in market growth by increasing the consumers’ purchasing power. In particular, the US is the leader in producing defense drone systems, followed by Israel, and China is the leader in producing leisure units that tend to be used more for professional purposes.
List of the Key Players Profiled in the Market Include:
• AeroVironment Inc • Airbus SE • Azur Drones • ComSovereign Holding Corp • CyPhy Works • DRAGONFLY PICTURES Inc • Drone Aviation • ECA Group • Elistair SAS • FLIR Systems Inc • Hoverfly Technology Inc • Sky Sapience Ltd • Yuneec International Co. Ltd
List of the Regions/Countries Profiled in the Market Include:
North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (RoW) • South Africa • Others
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