Introduction-
Allied Market Research has recently published a report, titled, “Drone Communication Market Size, Share, Competitive Landscape and Trend Analysis Report by Method, by Application: Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global drone communication market generated $2.3 billion in 2022, and is anticipated to generate $15.8 billion by 2032, witnessing a CAGR of 21.4% from 2023 to 2032.
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- 125 – Tables
- 51 – Charts
- 320 – Pages
Growing Factors
The rising demand for advanced drone technology in surveillance, reconnaissance, and various industries, coupled with advancements in satellite and cellular communication technologies, is boosting the growth of the drone communication market. However, the challenges associated with long-distance communication, scalability issues, and computational variability in drones is restraining the market’s growth during the forecast period. On the other hand, the increasing adoption of drones for applications in construction, mining, agriculture, and inspection sectors, along with the development of innovative communication solutions, is poised to unlock lucrative market growth opportunities in the future.
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Application: Agriculture Sub-Segment to Observe Significant Growth during the Forecast Period
The agriculture sub-segment led the market in 2022, holding a substantial share of 32.0%. This is mainly due to the increasing adoption of drones for precision farming, boosting efficiency and productivity in agricultural operations. Rising demand for real-time crop monitoring and analysis, coupled with the need for optimized resource management, is driving the adoption of drone technology in the agriculture sector.
By Region: North America to Hold the Leading Market Share in Forecast Period
The North America region dominated the global drone communication market in 2022, holding a major share of 34.3%. The dominance of this region is expected to continue by 2032, growing with a major share of 32.1%. This is mainly due to increasing investments in drone technology, rising demand across diverse sectors such as construction, agriculture, and defense, and driving innovation in communication systems in this region. Additionally, the region’s well-established regulatory framework and supportive infrastructure are boosting market growth and fostering a conducive environment for drone operations.
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Leading Players in the Drone Communication Market:
- Teal Drones
- AgEagle Aerial Systems Inc.
- Parrot Drone SAS
- AeroVironment, Inc.
- DJI
- Draganfly Innovations Inc.
- Yuneec
- Freefly Systems
- Skydio, Inc.
- Microdrones
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Key Takeaways of Drone Communication Market Report
- Based on method, the satellite sub-segment emerged as the global leader in 2022 and the 5G sub-segment is anticipated to be the fastest growing during the forecast period.
- Based on application, the construction & mining sub-segment emerged as the global leader in 2022 and the inspection sub-segment is predicted to show the fastest growth in the upcoming years.
- Based on region, North America registered the highest market share in 2022 and Asia-Pacific is projected to the show fastest growth during the forecast period.
- The report on drone communication market comprehensively analyzes over 16 countries, conducting a segment analysis for each country based on value ($ billion) during the forecast period of 2023-2032.
- The research incorporates high-quality data, key industry participant’s opinions, and crucial growth-driving factors to offer a balanced view of global markets.
- The objective of this study is to assist stakeholders in making well-informed decisions to achieve ambitious growth trends. Also, to gain deeper insights into the market, the study reviewed more than 3,700 product literature, annual reports, industry statements, and similar research materials from key industry participants.
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