October 13, 2020
According to the report titled ‘Global Public Safety Drones Market Size study with COVID Impact, by Type (Fixed Wing Drones, Multi Rotor Drones), Application (Law Enforcement, Emergency Management, Firefighting, Search and Rescue and others) and Regional Forecasts 2020-2027’, available with Market Study Report, global public safety drones market is expected to record substantial growth during 2020-2027.
Surging demand for unmanned aerial vehicle owing to its usage in mining, telecommunications, entertainment & media, transportation, government, real estate, oil/gas, and agriculture is primarily driving the growth of global public safety drones market.
For those uninitiated, public safety drones are small unmanned aircraft vehicles (SUAVs) used by the government in the areas of public safety and emergency. They are a subset of commercial drone industry and the broader unmanned aerial vehicle (UAV) industry. As per Center for the Study of the Drone at Bard College report on public safety drones, in May 2018, around 910 U.S. local & state police, fire & emergency service, and sheriff agencies have obtained unmanned aerial vehicles, stimulating global public safety drones market trends.
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Industry experts further cites that global drone technology market was valued at USD 14.1 billion in 2018 and is estimated to reach a valuation of USD 43 billion by the year 2024. Escalating demand from civil and commercial sectors, along with engagement models and emerging technology fields are impelling global public safety drones market size.
However, usage restrictions & government norms, non-licensed hobbyists and their customers developing internal expertise, along with decreasing professionalism may hinder global public safety drones industry landscape over the study period.
Based on type, global public safety drones industry is divided into multi rotor drone and fixed wing drones. Speaking of application spectrum, the industry is bifurcated into search & rescue, firefighting, emergency management, law enforcement, and others.
Citing regional landscape, worldwide public safety drones market is segmented into Latin America, Asia Pacific, Europe, North America, and Rest of the World. The report states that North America held considerable share of the overall market and is expected to expand further over the assessment period.
Meanwhile, Asia Pacific public safety drones industry is poised to register notable gains by the year 2027, on account of surging demand for drones in countries such as China, Australia, Japan, and India.
Leading organizations impacting global public safety drones market dynamics are Xaircraft, AscTec, Parrot SA, 3D Robotics, DJI Innovations, Lockheed Martin Corporation, Harris Corporation, Raytheon Company, Thales Group, and Northrop Grumman Corporation.