Global Drone Charging Station Market Highlights 2022 – 2030
The global drone charging station market is estimated to garner a substantial revenue and grow at a robust CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increase in implementation of drone-based applications across the globe, and rapid rate of globalization leading to an increase in the number of companies and industries. The total shipments of internet of things (IoT) enterprise drones were more than 350,000 in the year 2019, increasing up to almost 520,000 drones by the end of 2020. By 2023, the number is estimated to reach a value of about 1.2 million. Along with these, growing adoption of the concept of wireless charging in the drone industry for promoting a level of autonomy in the drones is also expected to boost the growth of the market in the near future. Furthermore, companies are launching enhanced products, including the launch of charging stations with automatic, on-demand and programmed missions. This in turn is projected to offer lucrative opportunities for market growth in the near future.
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The market is segmented by charging method into battery, solar powered. and wireless, out of which, the battery segment is anticipated to hold the largest share in the global drone charging station market. This can be accounted to the fact that the most common charging method found in drones is conductive charging technology. The drones are set up with another set of wires wound around the motors that receive electric charge though the wires’ outer frames. Additionally, on the basis of type, the indoor charging pad segment is evaluated to observe the highest growth during the forecast period owing to the ease of accessibility of this type of drone charging station, and their compatibility with a wide range of devices.
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global Drone Charging Station Market Regional Synopsis
On the basis of geographical analysis, the global drone charging station market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing safety and security concerns across emerging countries, and high production and consumption of surveillance cameras in the region. For instance, more than 175 million units of surveillance cameras were installed in China in public and private areas 2017, which increased up to about 625 million units by the end of 2020.
In addition, escalating demand for autonomous solutions is also assessed to drive the region’s market growth in the future. Moreover, the market in North America is predicted to acquire the largest share during the forecast period, which can be credited to the growing research and development on drone charging stations, and rising number of players in the region who are extending their cross-border services.
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The global drone charging station market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
Market Segmentation
Our in-depth analysis of the global drone charging station market includes the following segments:
By Type
- Indoor Charging Pad
- Outdoor Charging Pad
By Charging Method
- Battery
- Solar Powered
- Wireless
By Distribution Channel
- Online
- Offline
Growth Drivers
- Increasing Implementation of Drone-Based Applications Globally
- Rapid Rate of Globalization Leading to Rising Number of Companies and Industries
Challenges
- Availability of Low-Quality Products by Local Players
Top Featured Companies Dominating the Market
- Flytbase, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Matternet, Inc.
- FLIR Systems, Inc.
- Elbit Systems Ltd.
- Israel Aerospace Industries Ltd.
- Elbit Systems Ltd.
- SZ DJI Technology Co.
- Canon Inc.
- Amazon Wen Services, Inc.
- Arecont Vision LLC
