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Published on : Apr 06, 2016

ALBANY, New York, April 06, 2016: The study talks about the global drones market, focusing on the overview, product portfolio, and vendor analysis. It also covers the current trends, drivers and barriers, growth prospects, and opportunities and challenges faced by the major players in the global drones market. The insightful inputs given by industry experts are expected to help the decision-makers and market players in designing their strategies and policies accordingly. 

The diverse applications of drones are estimated to drive the global drones market in the next few years. The market, which is standing at US$6.8 bn at present, is projected to reach a value of US$36.9 bn by the end of 2022. The research study has further included the historical data and forecast statistics with the help of tables, charts, infographics, and graphs.

Drones are flying machines that can carry various instruments, including weapons and cameras. With the help of drones, a person can choose several vantage locations, extending visualization beyond thoughts. Drones are being widely used in diverse industries such as oil and gas, law enforcement, homeland security, disaster response, agriculture, photography, border patrol, videography, online retail, and others.

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The increasing use of drones for commercial purposes is one of the major factors fuelling the growth of the global drones market. The capability of drones of transmitting high-resolution videos, images, and other surveillance information in real time to their base stations has further contributed to the rapid growth of the overall market. In addition, the introduction of technological advancements such as better data processing capabilities and improved design in the last few years is estimated to augment the growth of the market in the near future.

On the flip side, rigid government regulations for safety and security are estimated to curb the growth of the global market for drones. Moreover, the lack of air traffic management systems and paucity of trained pilots are further expected to hamper the growth of the market through the forecast period.

Furthermore, the research study provides a detailed analysis of the major players operating in the global drones market. An overview of the companies has been presented in the study along with their contact information, financial overview, SWOT analysis, and major mergers and acquisitions if any. The prominent players operating in the global drones market include Boeing / Insitu / L3, Textron AAI, Yamaha, and Go Pro. Some of the other vendors mentioned in the research study are Honeywell, Flirtey, General Atomics, Laser Motive, Disney, Sky-Futures, Scaled Composites, Roketsan, AgEagle, Google, Enertis, Israel Aerospace Industries, MMist, XAircraft, and TeamUAV.

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