LAMEA Commercial Drones Market Size, Share & Industry Trends Analysis Report By Product (Rotary Blade, Fixed-wing and Hybrid), By End-use, By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Commercial Drones Market would witness market growth of 41.4% CAGR during the forecast period (2022-2028).
The use of autonomous drones or UAVs for crop management is becoming more and more accepted in the agricultural sector. This involves eyeing crops, spotting pests, sowing seeds, managing animals, and even applying pesticides and fertilizers. Farmers are using drone technology for a variety of reasons. They may first observe crops from above rather than needing to go to the fields on foot or by vehicle. Since they don't have to drive across vast stretches of land, it also saves them time and money on gasoline.
It also enables farmers to make better field management choices based on precise data, which increases production. Changes in the light reflected by plants may be captured by drones utilizing multi-spectral payloads. Even though these changes aren't apparent to the unaided eye, crop health problems may be signaled by plants' reflected light long before humans can see them. Compared to farmers who may depend on the more conventional techniques of examining crops, drones outfitted with multi-spectral payloads can treat crop stress concerns more proactively.
The UAE is testing a unique technology that utilizes electricity to zap clouds to create rain because the country is dry and parched from heat waves. But, as the Desert Research Institute reported, the practice frequently involved salt flares and prompted concerns regarding the expense, efficacy, and environmental impact. Hence, it was earlier reported that the UAE is developing a revolutionary method incorporating drones flying through clouds and electrifying them with electricity to make rain fall. Furthermore, the United Arab Emirates National Center of Meteorology recently reignited interest in the initiative by sharing several clips on Instagram showing heavy rain in various parts of the nation. This, in turn, fuels LAMEA's commercial drone market demand.
The Brazil market dominated the LAMEA Commercial Drone Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,354.7 Million by 2028. The Argentina market is experiencing a CAGR of 42.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 41% during (2022 - 2028).
Based on Product, the market is segmented into Rotary Blade, Fixed-wing and Hybrid. Based on End-use, the market is segmented into Media & Entertainment, Security & Law Enforcement, Agriculture, Energy, Real Estate & Construction and Others. Based on Application, the market is segmented into Filming & Photography, Mapping & Surveying, Surveillance & Monitoring, Inspection & Maintenance, Precision Agriculture and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Commercial Drones Market is Predict to reach $167 Billion by 2028, at a CAGR of 34.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AeroVironment, Inc., SZ DJI Technology Co., Ltd., PrecisionHawk, Inc., Autel Robotics Co., Ltd., Draganfly Inc., Intel Corporation, Teledyne FLIR LLC (Teledyne Technologies Incorporated), Aeronavics Ltd., Parrot Drones SAS, and EHang Holdings Limited.
Scope of the Study
Market Segments Covered in the Report:
- Rotary Blade
- Media & Entertainment
- Security & Law Enforcement
- Real Estate & Construction
- Filming & Photography
- Mapping & Surveying
- Surveillance & Monitoring
- Inspection & Maintenance
- Precision Agriculture
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- AeroVironment, Inc.
- SZ DJI Technology Co., Ltd.
- PrecisionHawk, Inc.
- Autel Robotics Co., Ltd.
- Draganfly Inc.
- Intel Corporation
- Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- Aeronavics Ltd.
- Parrot Drones SAS
- EHang Holdings Limited
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