What is Maritime Drone Market?
Maritime drones can be defined as the autonomous drones used to perform marine operations such as offshore asset inspection, coast guard monitoring & operations, surveillance, ship inspection, and other military naval operations. The France maritime drone market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The growing demand from naval operations such as surveillance & patrolling and increasing demand for marine monitoring are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Fixed Wing, Rotary Blade and Hybrid), by Application (Coastal Monitoring, Routing, Ocean Data Service, Surveillance & Combat Operations and Others) and major geographies with country level break-up.
Airbus (France), DJI (Dajiang) Innovations (China), Ambarella (United States), Boeing (United States), GoPro (United States), Lockheed Martin Corporation (United States), 3D Robotics (United States), Parrot SA (France), Yuneec (China), Autel Robotics (United States), Hubsan (China) and AeroVironment (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Maritime Drone market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Maritime Drone market by Type, Application and Region.
On the basis of geography, the market of Maritime Drone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand from Navy Sector for Surveillance & Patrolling Operations
- Increasing Demand of Drone Inspection for Offshore Asset Inspection
Market Trend
- Rising Deployment of Unmanned Systems Across the Marine Sector
Restraints
- High Cost of Maritime Drones
Opportunities
- Rising Adoption of Autonomous Systems in Marine Industry is Expected to Generate Huge Opportunities for Market Vendors During the Forecast Period
Challenges
- COVID-19 Reduced the Marine Operations Across Marine Including the International Transportation & Shipping Operations During FY 2020
Stringent Government Regulations Regarding Shutting Down of Marine Transport Operations Worldwide Due to the COVID-19 Pandemic has Impacted the Demand for Maritine Drones
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