In this blog post, we will delve into the statistics surrounding the booming industry of tethered drones. We will explore the trends, growth projections, market size, and key players shaping the tethered drones market. Stay tuned to discover the latest insights and developments in this innovative and dynamic sector.
The Latest Tethered Drones Industry Statistics Explained
The global tethered drones market is expected to reach USD 557.08 million by 2026.
This statistic indicates the projected growth in market size for tethered drones on a global scale, with an estimated value of USD 557.08 million by the year 2026. Tethered drones are drones that are physically connected to the ground or a stationary object through a cord, enabling them to stay aloft for extended periods of time. This forecast suggests a growing interest and adoption of tethered drones across various industries such as surveillance, telecommunications, and agriculture, driving the market to nearly half a billion dollars by 2026. Factors contributing to this expected growth may include advancements in drone technology, increasing applications for tethered drones, and the expanding usage of drones for various commercial and industrial purposes.
The tethered drones industry saw a CAGR of 25.6% between 2019 and 2026.
The statistic indicates that the tethered drones industry experienced a Compound Annual Growth Rate (CAGR) of 25.6% during the period from 2019 to 2026. This means that on average, the industry’s revenue or market size grew by 25.6% each year over this time frame. A CAGR provides a smooth rate of growth over multiple years, accounting for compounding effects. The substantial growth rate suggests that the tethered drones industry has been expanding rapidly and is likely to continue on a positive growth trajectory in the coming years.
The global tethered drones market was valued at USD 169.61 million in 2020.
The statistic “The global tethered drones market was valued at USD 169.61 million in 2020” indicates the total market size of tethered drones, a type of drone that is connected to the ground with a tether for power and data transmission. This value represents the total revenue generated by sales of tethered drones in the global market in the year 2020. The market value of USD 169.61 million suggests that there is demand for tethered drones and that the market for this technology is growing. It provides valuable insight into the size and potential growth of the tethered drones industry, serving as a key indicator for businesses, investors, and policymakers to understand the market dynamics and opportunities within this sector.
The commercial segment of the market constituted around 68.3% in 2020.
The statistic ‘The commercial segment of the market constituted around 68.3% in 2020’ indicates that within the specified market, the commercial sector accounted for approximately 68.3% of the total market share in the year 2020. This suggests that a significant majority of the market activity, in terms of revenues, sales, or other relevant metrics, was driven by commercial enterprises rather than other segments such as residential or industrial. Such information is vital for businesses, policymakers, and investors to understand the market dynamics, competition, and potential opportunities within the commercial segment, highlighting its significance and impact on the overall market landscape for effective strategic decision-making.
As of 2020, North America held the largest market share, accounting for 35% of the total market.
The statistic ‘As of 2020, North America held the largest market share, accounting for 35% of the total market’ indicates that among all regions considered, North America had the highest proportion of market activity in the year 2020. This means that out of the total market size for the relevant industry or sector, North America contributed the most with a share of 35%. This information suggests that North America was a significant player in the market during that year, potentially having a major impact on industry trends, competition, and overall market dynamics. It could also imply that companies operating in or targeting North America may have a larger potential customer base or revenue opportunity compared to other regions.
Europe is projected to grow at a CAGR of 26.7% during the forecast period.
The statistic indicates that Europe’s economy is expected to experience significant growth over the forecast period, with a Compound Annual Growth Rate (CAGR) of 26.7%. This projection suggests a robust and steady expansion of economic activities in the region over time. A high CAGR such as 26.7% indicates a rapid rate of growth, which could be driven by various factors such as increases in investments, technology advancements, favorable government policies, or expanding markets. This statistic provides valuable insight into the potential economic performance of Europe in the near future, highlighting opportunities for businesses and policymakers to capitalize on this growth trend.
Defense & Military segment is expected to reach USD 296.51 million by 2026 in the tethered drones market.
This statistic indicates that the Defense & Military segment within the tethered drones market is projected to achieve a total market value of approximately USD 296.51 million by the year 2026. This forecast suggests a noticeable growth opportunity in the Defense & Military sector for tethered drones, showcasing a potential increase in demand and adoption of this technology for military applications such as surveillance, reconnaissance, and security operations. The anticipated market value provides insights into the market potential and attractiveness of tethered drones within the Defense & Military industry, emphasizing the significance of this segment in driving market growth and innovation in the coming years.
The Asia Pacific is expected to display notable growth in the tethered drones market, backed by the rising defense budget in countries like China and India.
The statistic suggests that the Asia Pacific region is anticipated to experience significant growth in the market for tethered drones. This growth is expected to be driven by increasing defense expenditures in countries such as China and India. Tethered drones, which are drones connected to the ground by a cable for power and data transmission, are likely to see increased adoption in the defense sector in these nations due to their ability to provide persistent surveillance and monitoring capabilities. The rising defense budgets in these countries indicate a higher demand for advanced technology solutions like tethered drones, leading to the projected growth in this market segment within the Asia Pacific region.
Top tethered drone manufacturers are DJI, Elistair, Hoverfly Technologies, Drone Aviation, and Yuneec.
The statistic indicates the top manufacturers in the tethered drone market, with DJI, Elistair, Hoverfly Technologies, Drone Aviation, and Yuneec identified as the leading companies in this industry. Tethered drones are drones that are connected to the ground by a cable, providing continuous power and data transmission, making them suitable for applications requiring prolonged flight times and stable operation. These companies are recognized for producing high-quality tethered drones that cater to a range of industries such as security, surveillance, telecommunications, and aerial photography. Their strong presence in the market signifies their expertise in developing reliable and cutting-edge technology for tethered drone solutions.
Drone Aviation Holding Corp’s market share in the global tethered drones industry was 5% in 2020.
The statistic indicates that in 2020, Drone Aviation Holding Corp held a market share of 5% within the global tethered drones industry. This means that out of the total market for tethered drones worldwide, Drone Aviation Holding Corp accounted for 5% of the sales or revenue generated within that industry. A 5% market share suggests that the company was a moderately sized player within the industry relative to its competitors. This statistic provides insight into Drone Aviation Holding Corp’s position and influence in the global market for tethered drones in 2020, and can be used to evaluate the company’s performance and competitiveness within the industry.
DJI has been on top with a market share of 70% in the global consumer drone market, thus also significantly contributing to the tethered drones market.
The statistic indicates that the DJI brand holds a dominant position in the global consumer drone market with a market share of 70%. This level of market share signifies that DJI is far ahead of its competitors in terms of the number of drones sold and revenue generated in the consumer drone sector. Additionally, the statistic suggests that DJI’s strong presence in the consumer drone market has also had a significant impact on the tethered drones market, likely through cross-promotion or leveraging their existing customer base. Overall, DJI’s market share dominance not only establishes its leadership in the consumer drone industry but also extends its influence to related drone sectors like tethered drones.
The investment in the global tethered drone market was approximately USD 13.1 million in 2019.
The statistic indicates that total investment in the global tethered drone market reached approximately USD 13.1 million in 2019. This figure represents the sum of capital injections, funding rounds, and investments made by various stakeholders in the industry. The investment in the tethered drone market suggests that there is growing interest and confidence in the technology and its potential applications. It also implies that businesses, investors, and governments are increasingly recognizing the value and opportunities presented by tethered drones, such as in surveillance, monitoring, delivery, and other fields. This statistic provides insights into the financial landscape and trends within the tethered drone market in 2019, highlighting the sector’s growth and attractiveness to investors.
There has been an increasing demand of tethered drones from fire departments and disaster management authorities worldwide, thereby driving the market growth.
The statistic indicates a notable trend towards the adoption of tethered drones by fire departments and disaster management authorities globally. This increasing demand suggests that these organizations are recognizing the value and benefits that tethered drones can provide in emergency response situations. The tethered drones offer a stable and continuous aerial perspective for monitoring and assessing disaster areas or fire incidents, enabling more effective and efficient decision-making processes. As a result, the market for tethered drones is experiencing growth due to the heightened interest and utilization of this technology by organizations entrusted with public safety and disaster response.
The increase in use of tethered drones for surveillance has been a significant trend in the market, especially in military and police units.
The statistic indicates that there has been a noticeable rise in the adoption of tethered drones for surveillance purposes, particularly within the military and police sectors. This trend suggests a shifting preference towards utilizing drones that are physically connected to the ground through a tether, as opposed to free-flying drones. The tether provides benefits such as longer endurance, stable flight, and secure data transmission, making these drones highly attractive for surveillance applications where continuous and reliable monitoring is essential. This growing reliance on tethered drones underscores the increasing importance of aerial surveillance technologies in enhancing the operational capabilities of military and law enforcement units, and signals a shift towards more advanced and specialized tools for conducting surveillance operations.
By product type, the larger than 5 Kg segment held dominance with a share of more than 40% in 2020.
The statistic “By product type, the larger than 5 Kg segment held dominance with a share of more than 40% in 2020” indicates that among the different product categories being considered, those weighing more than 5 Kg had the highest market share in 2020, accounting for over 40% of the total sales or production within that market. This suggests that products falling within the larger than 5 Kg category were the most popular or prevalent among consumers or manufacturers during the specified period. The dominance of this segment highlights its significant impact on the overall market dynamics and emphasizes the importance of understanding and targeting products of this particular size range when making strategic business decisions related to production, marketing, or sales initiatives.
In 2021, the Communication sector has been estimated to be the most lucrative end-user of tethered drones with a market share of nearly 47.9%.
The statistic indicates that in 2021, the Communication sector is projected to emerge as the leading consumer of tethered drones, owning a substantial market share of approximately 47.9%. This implies that within the drone industry, the Communication sector, which includes telecommunications companies, media organizations, and other communication-focused businesses, is expected to have the highest demand for tethered drones. Tethered drones are gaining traction in various industries due to their ability to provide durable and long-duration aerial surveillance and communication capabilities. The significant market share held by the Communication sector suggests that these organizations see value in utilizing tethered drones for a range of applications such as broadcasting events, enhancing network coverage, and supporting emergency response efforts.
The number of patents in the tethered drones industry has increased more than five-fold between 2010 and 2019.
The statistic stating that the number of patents in the tethered drones industry has increased more than five-fold between 2010 and 2019 indicates a significant surge in innovation and intellectual property development within this particular sector over the past decade. A five-fold increase suggests a substantial rise in the number of unique inventions and technologies being developed and protected through patents, highlighting the industry’s growing importance and potential for advancements. This trend may suggest increased competition, investment, and interest in tethered drones as a technology with promising applications and commercial viability. The statistic reflects a dynamic and progressive landscape within the tethered drones industry, indicating rapid growth and innovation during the specified time period.
Over the next five years the Tethered Drones market will register a 14.3% CAGR in terms of revenue.
This statistic suggests that the Tethered Drones market is projected to experience a Compound Annual Growth Rate (CAGR) of 14.3% in terms of revenue over the next five years. A CAGR is a measure of the mean annual growth rate of an investment over a specified period of time, assuming the investment has grown at a steady rate each year. In this context, the 14.3% CAGR indicates a consistent and relatively strong growth trajectory for the Tethered Drones market. This statistic implies that the market is expected to expand significantly in terms of revenue over the next five years, reflecting a positive outlook for the industry.
The Military segment is estimated to lead the market for tethered drones during the forecast period.
This statistic indicates that the Military segment is projected to have the highest market share and growth rate among all market segments for tethered drones in the upcoming forecast period. This suggests that the demand for tethered drones from military organizations is expected to surpass that of other sectors like commercial, industrial, or public safety. Factors driving this trend may include increased investments in defense and security capabilities, the growing adoption of drones for surveillance and reconnaissance purposes, as well as advancements in military drone technology. Overall, it highlights the importance of the Military segment as a key driver of market growth in the tethered drone industry in the forecasted period.
U.S. tethered drones market size was around USD 50 million in 2019 and is estimated to grow at over 60% CAGR between 2020 and 2024.
The statistic highlights that the U.S. tethered drones market was valued at approximately USD 50 million in 2019, and it is projected to experience rapid growth with a compound annual growth rate (CAGR) exceeding 60% between 2020 and 2024. This indicates a significant expansion opportunity for the tethered drones market in the United States over the specified period. The high CAGR suggests a strong market demand for tethered drones, likely driven by various factors such as advancements in technology, increasing applications across industries, and regulatory support. This growth trajectory underscores the potential for substantial market development and investment opportunities within the U.S. tethered drones industry in the coming years.
References
0. – https://www.www.fortunebusinessinsights.com
1. – https://www.www.themarketreports.com
2. – https://www.www.360researchreports.com
3. – https://www.patentforecast.magicnumberip.com
4. – https://www.www.technavio.com
5. – https://www.www.globenewswire.com
6. – https://www.www.mordorintelligence.com
