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The Drone Telematics Market Size was valued at USD 1.59 billion in 2023 and is expected to reach USD 2.81 billion by 2032, growing at a CAGR of 6.55% from 2024-2032.
Telematics is the most extensively used car technology. However, the demand for drone telematics is projected to skyrocket in the near future. This is because drones are increasingly being used for commercial and defense purposes. Drone telematics enables the efficient management of a large number of drones while increasing operational efficiency. It enables commercial and defense end customers with expertise to remotely monitor drone location and information. Furthermore, in logistics and transportation, drone telematics enables organizations to track numerous supply chain activities.
MARKET DYNAMICS
KEY DRIVERS
Drones are becoming more popular in logistics and transportation.
Drones are increasingly being used to combat internal and external security threats.
RESTRAINTS
Concerns about consumer acceptance and hacking, as well as privacy and security concerns
OPPORTUNITIES
The Development of Drone Swarming Technology
CHALLENGES
Telematics system use is steadily increasing due to worries regarding repair warnings, annual maintenance time, and total running expenses.
IMPACT OF COVID-19
According to World Bank figures, the COVID-19 epidemic has reduced world GDP by around 3.5 percent in 2020. By 2021, many countries' economies had begun to recover and had partially adapted to pandemic constraints.Vaccine research and development has made great progress, and many countries, particularly in the United States, have implemented various strategies to boost economic recovery, which is anticipated to give relief. a significant boost to economic activity, but prospects for long-term growth vary greatly across countries and sectors. Although the world economy is recovering from the massive downturn caused by COVID-19, it will continue to lag behind pre-pandemic levels for some time.
The pandemic has heightened the hazards linked with the decade-long global debt accumulation surge. It is also likely to exacerbate the long-anticipated decrease in potential growth over the coming decade.
A quadcopter is a rotary drone with four rotors that lift and propel it. Two propellers in the quadcopter rotate clockwise, while the other two spin counterclockwise, allowing it to fly. Quadcopters are also easy to manage and can hover because to their four rotors. Quadcopters can also navigate in tight spaces and have a higher vertical take-off and landing capability.
Fixed Wing: During the forecast period, the fixed-wing segment is predicted to increase at a stable rate. Fixed-wing drones have wings rather than vertical lift rotors, and they are the most efficient.
They can be controlled by ailerons, elevators, and rudders that are built into the wings. These drones are capable of covering long distances, mapping large areas, and providing long-term surveillance. They also have other advantages, such as a long lifespan, a large geographical coverage, and a fast flight speed.
During the projected period, 2021 to 2028, the long-term category is expected to increase the most. The growing need for long-range drones in military applications is projected to propel this market forward.
In 2021, the medium range segment led the worldwide drone telematics market. This is because commercial end-users are increasingly using medium-range drones for recreational photography and filming, drone racing, and fishing.
During the projected period, 2021 to 2028, the short-term segment is expected to rise significantly. This increase is mostly due to an increase in the use of short-range drones by end-users.
The military & defence segment is predicted to increase the most throughout the projection period, owing to the military forces' widespread use of drones in intelligence, surveillance, and reconnaissance (ISR) tasks.
During the forecast period, the commercial category is expected to grow significantly. Factors like as an increase in the number of start-ups, a decrease in drone costs, and intense competition are driving rising demand for commercial drones in the global market.
During the projection period, the consumers sector is expected to rise at a steady CAGR. This is due to the increased use of drones for drone racing and fishing.
Tethered, embedded, and integrated form types are classified. With a market share of roughly 38.02 percent in 2021, the embedded category lead the market. Many telematics systems, such as eCall and remote patient monitoring, are ineffective in the absence of a vehicle-integrated connectivity solution.
By Range
Long Range
Medium Range
Short Range
By End-User
Military & Defense
Commercial
Consumers
By Type
Quad copters
Fixed Wing
Others
By Technology
Embedded
Tethered
Integrated
REGIONAL ANALYSIS
The drone telematics market is dominated by North America. Due to the presence of several prominent players such as EnVue Telematics, LLC, Verizon Telematics Inc., and Google LLC, as well as the significant investments made by these companies in the development of advanced drone telematics solutions, this region is expected to maintain its dominance during the forecast period.
Europe: The growing use of drones by European air forces for observation and reconnaissance operations is likely to drive demand for drone telematics solutions in the worldwide Drone Telematics Market over the forecast period.
Asia-Pacific During the forecast period, the market in this area is expected to grow at a rapid pace.
Growing defence spending and raised terrorist activity in nations such as India, China, Indonesia, and Australia have considerably increased demand for combat drones. During the projected period, this is expected to fuel the growth of the Asia-Pacific drone telematics market.
Defense spending increases by countries such as Saudi Arabia, the UAE, and Israel are driving market expansion throughout the Middle East and Africa.
Drones are increasingly being used in Latin America for information gathering on drug trafficking and rebel groups, monitoring deforestation, and controlling illegal migration, which is likely to boost the growth of the Drone telematics market over the forecast period.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Octo Telematics, DJI, Nokia Corporation, Verizon Telematics Inc., EnVue Telematics, LLC, vHive Ltd., Google LLC, Continental AG, Robert Bosch GmbH, L.G. Corp., and other players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 1.59 Billion |
| Market Size by 2032 | USD 2.81 Billion |
| CAGR | CAGR of 6.55% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Range (Long Range, Medium Range and Short Range) • By End-User (Military & Defense, Commercial and Consumers) • By Type (Quad copters, Fixed Wing and others) • By Technology (Embedded, Tethered and Integrated) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Octo Telematics, DJI, Nokia Corporation, Verizon Telematics Inc., EnVue Telematics, LLC, vHive Ltd., Google LLC, Continental AG, Robert Bosch GmbH, L.G. Corp., and other players. |
| DRIVERS | • Drones are becoming more popular in logistics and transportation. • Drones are increasingly being used to combat internal and external security threats. |
| RESTRAINTS | • Concerns about consumer acceptance and hacking, as well as privacy and security concerns |
The expected CAGR of the Drone Telematics Market is 7% during the forecast period of 2023-2030.
The Covid-19 pandemic impacted the Drone Telematics Market significantly. The detailed analysis is included in the final report.
The leading players in the Drone Telematics Market include Octo Telematics, DJI, Nokia Corporation, Verizon Telematics Inc., EnVue Telematics, LLC, vHive Ltd., Google LLC, Continental AG, Robert Bosch GmbH, L.G. Corp., and other players.
Concerns about consumer acceptance and hacking, as well as privacy and security concerns, are the restraints of the Drone Telematics Market.
North America region dominated the Drone Telematics Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Drone Telematics Market Segmentation, By Range
8.1 Long Range
8.2 Medium Range
8.3 Short Range
9. Drone Telematics Market Segmentation, By End-User
9.1 Military & Defense
9.2 Commercial
9.3 Consumers
10. Drone Telematics Market Segmentation, By y Type
10.1 Quad copters
10.2 Fixed Wing
10.3 Others
11. Drone Telematics Market Segmentation, By Technology
11.1 Embedded
11.2 Tethered
11.3 Integrated
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Octo Telematics
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 DJI
13.3 Nokia Corporation
13.4 Verizon Telematics Inc.
13.5 EnVue Telematics, LLC
13.6 vHive Ltd.
13.7 Google LLC
13.8 Continental AG
13.9 Robert Bosch GmbH,
13.10 L.G. Corp.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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