Rising demand of drones to augment Safety and Security Drones Market Growth

 

Safety and Security Drones Market

Safety and Security Drones Market, By Product (Fixed Wing Drone, Versus Rotary Drone, Other) By Application (Smart Cities, Public Safety and Other) and By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030

The global Safety and Security Drones Market is estimated to be valued at US$ 431.7 Billion in 2022, and is expected to exhibit a CAGR of 9.7 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Safety and Security Drones are being progressively prevalent for usage in the field of security, with claims in law enforcement, monitoring hazardous or remote areas, protecting possessions such as oil or gas pipelines, offering clinical supplies and other. They can conduct perimeter patrols of around 30 times quicker compared to manned automotive, offering feedback in minutes and allowing security staff to take instant action. Additional to the capability to see risks, drones are also capable to captivate high-quality video footage and pictures in real-time. They can also be utilized to record parking lot action, allowing security staff to tally license plates with a hot sheet list and detect unlicensed cars.

Competitive Landscape:

Key players involved in the growth of global Safety and Security Drones Market are DJI, GoPro, Aeryon Labs, Autel Robotics, EHANG, Action Drone, Action Drone, Freefly, Parrot, Flyability, Kespry, Insitu, Azur Drones, Aerialtronics, CyPhy and Delair.

Market Key Drivers:

Active participation of the government is projected to propel the growth of the global Safety and Security Drones Market. For instance, several major governmental administrations are offering active assistance to the production and creation of developed UAVs with an approach to enhance the equipment.

Rising acquisitions and approvals is anticipated to drive the growth of the global Safety and Security Drones Market. For instance, In February 2022 Artillery system delivery team of UK has approved a contract to the SRC for gaining services about in-service assistance for AN/TPQ-49 LCMR.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global Safety and Security Drones Market. The strict imposition of lockdown and shutdown has adversely stopped the usage of drones. The disruption in supply chain and the closure of manufacturing units has impeded the market growth.

Key Takeaways:

The global Safety and Security Drones Market is anticipated to exhibit a CAGR of 9.7 % during the forecast period due to increasing usage of drones. For instance, as per reports the total number of drone shipments across the globe in 2020 was around 5 million units and is expected to reach 6.9 million units by 2030.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the global Safety and Security Drones Market due to rise in adoption of smart home technologies, rising regulatory initiatives, rising collaborations and partnerships and increasing adoption of drones. For instance, in December 2019 US Department of Transportation’s FAA declared the rules for using drones in airspace by fixing an RFID chip in it.