Fixed Wing Drone Market is Forecasted to Expand at a CAGR of 17.2% and Reach US$ 40.6 Billion by 2034 | Fact.MR Report
Rockville, MD, Sept. 09, 2024 (GLOBE NEWSWIRE) -- According to a recently updated research report compiled by Fact.MR, the global fixed wing drone market is expected to reach a size of US$ 8.3 billion in 2024 and further expand at a high-value CAGR of 17.2% from 2024 to 2034.
Integration of advanced sensors and laser technology have made fixed wing drones ideal for different types of inspection operations. Navigation systems are enabling end users to obtain accurate, timely, and consistent detection results. Growing demand for drones powered by artificial intelligence (AI) to detect and analyze the severity of rig structure coating breakdown and corrosion on ships is boosting the drone surveillance and monitoring fixed wing drone market forward.
Governments in several have bumped up their spending on drones and unmanned aerial vehicles to address terrorist threats and security concerns. Unmanned aerial vehicle solutions have a wide range of applications in the military and defense sectors for effective asset and area surveillance to achieve optimal operational efficiency, thereby expanding the fixed wing drone market.
For More Insights into the Market, Request a Sample of this Report-
https://www.factmr.com/connectus/sample?flag=S&rep_id=7880
Key Takeaways from Market Study
- The global fixed wing drone market size is analyzed to reach US$ 40.6 billion by 2034.
- Sales of fixed wing drones are projected to rise at 2% CAGR from 2024 to 2034.
- Sales of 25 to 150 kg payload fixed wing drones are forecasted to reach US$ 28.5 billion by the end of 2034.
- The United States market for fixed wing drones is poised to reach a valuation of US$ 1.38 billion in 2024.
- Sales of fixed-wing drone drones in South Korea are evaluated to increase at a noteworthy 19% CAGR from 2024 to 2034.
- The market in East Asia is projected to expand at 7% CAGR through 2034.
- Revenue from fixed-wing drone sales in China is expected to reach US$ 1.17 billion in 2024.
“OEMs are investing in R&D to enhance battery life, flight control systems, and payload capacity of fixed wing drones. This is ensuring high-product standards, positively influencing market acceptance and adherence to regulatory compliance,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Fixed Wing Drone Market:
Alti UAS; Arcturus UAV, Inc.; A-Techsyn; Autel Robotics; AVY; DJI; Bluebird Aero Systems Ltd.; Carbonix; Elroy Air; Height Technologies; Ideaforge; Latitude Engineering; Lockheed Martin Corporation; Quantum-Systems GmbH; Sunbirds; Textron Inc.
OEMs Manufacturing Fundamental Components of Fixed Wing Drone Systems:
OEMs are investing heavily in R&D to create new and improved fixed-wing drone technologies. They are promoting improvements in battery life, flight control systems, and payload capacity. OEMs are developing and manufacturing core components of fixed-wing drone systems. They are developing a diverse range of products to meet the demands of various market segments and applications.
Fixed Wing Drone Industry News:
- SA-based ALTI UAS is a significant participant in this market. It offers a wide variety of fixed-wing VTOL UAVs for various uses, such as mapping and photography, agriculture, security and surveillance, and more.
- Another significant American-based producer of these UAVs is Aerovironment, Inc. The company sells military-grade items in this sector. The corporation uses partnerships and joint ventures as part of its long-term growth plan.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7880
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the fixed wing drone market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges insights into the market based on payload (less than 25 kg, 25 to 150 kg, above 150 kg), application (filming & photography, inspection & maintenance, mapping & surveying, precision agriculture, surveillance & monitoring), end-use industry (agriculture & forestry, delivery & logistics, media & entertainment, construction & mining, oil & gas, security & law enforcement, recreational activity), and sales channel (online, offline, OEMs, aftermarket), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
Checkout More Related Studies Published by Fact.MR Research:
Drone Market: Worldwide sales of drones are evaluated to climb to US$ 223.66 billion by the end of 2034, up from US$ 29.96 billion in 2024. The global drone market size is projected to expand at a remarkable CAGR of 22.3% from 2024 to 2034.
Drone Accessories Market: is evaluated at US$ 25.2 billion for 2024 and is projected to rise at a CAGR of 20% to reach US$ 156 billion by the end of 2034.
UAV Inspection Drones Market: The global UAV inspection market is set to enjoy a valuation of US$ 212.8 million in 2023 and further expand at a CAGR of 15.6% to reach US$ 906.9 million by the end of 2033.
Drone Batteries Market: The global drone batteries market is set to enjoy a valuation of US$ 6.3 billion in 2022 and further expand at a CAGR of 8.3% to reach US$ 14.1 billion by the end of 2032.
Drone as a Service Market: is expected to reach a valuation of US$ 6.6 billion in 2023. The market is further expected to grow at a CAGR of 14.3% over the next 10 years and attain a market value of US$ 25.2 billion by the end of 2033.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
© Copyright Globe Newswire, Inc. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Globe Newswire, Inc.
