Global Tethered Drones Market 2019-2023
About this market
The increasing importance of drones in military operations, has led the prevailing demand for drones that can be used in numerous commercial applications. Since tethered drones use charging stations for uninterrupted power supply, they can be used to conduct 24/7 surveillance and monitoring in any area. This is because tethered drones are not restricted by the charge capacity of their batteries and have virtually unlimited endurance. Therefore, these drones can be equipped with several advanced imagery payloads, which consist of live-feed and infrared cameras, and similar components. In addition, these drones can become essential for combating cross-border trespassing in harsh climatic conditions where human surveillance cannot be carried out with ease. Such deployments are anticipated to drive the demand for tethered drones during the forecast period. Technavio’s analysts have predicted that the tethered drones market will register a CAGR of over 70% by 2023.
Growing demand for drones in telecommunications
Drones are emerging as the preferred maintenance tool for telecom operators. They are being deployed to conduct tower inspections, as drones capture pictures, video and data about towers, and automatically transmit them to the carrier network, thus saving inspection time and otherwise required manual effort. Drones are also being used by telecom operators for radio planning and line-of-sight testing to determine the ideal location and height for the installation of an antenna.
Inadequately trained drone pilots
Trained pilots are essential for proper navigation of a drone, both military and commercial, as improper handling could risk damage to both life and property. The targeted focus of defense agencies toward the development of a burgeoning drone fleet, drone operators face a lack of opportunities for promotion to higher ranks as the global defense community has failed to identify and cultivate the new category of aviators, deterring candidates from pursuing this field of work.
For the detailed list of factors that will drive and challenge the growth of the tethered drones market during the 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several vendors. The vendors are now focusing on offering drones that can be used in multiple commercial applications. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Tethered Drones Market 2019-2023
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the development of alternate propulsion technologies for UAV.”
According to the report, one of the major drivers for this market is the associated operational costs of tethered drones and hence facilitate increased adoption by global industries.
Further, the report states that one of the major factors hindering the growth of this market is the advent of newer drones such as hydrogen-powered or fuel-cell-powered drones, which offer increased endurance, is expected to restrict the growth of the global tethered drones market.
Aria Insights Inc.
DRAGONFLY PICTURES INC.
Drone Aviation Holding Corp.
Hoverfly Technology Inc
SKY SAPIENCE LTD.
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