Press release
Tethered Drones Market Soars: Projected to Reach USD 0.220 Billion by 2032 with a 7.0% CAGR
Tethered Drones Market InsightsTethered Drones Market Size was valued at USD 0.12 Billion in 2022. The Tethered Drones market industry is projected to grow from USD 0.128 Billion in 2023 to USD 0.220 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.0% during the forecast period (2023 - 2032).
The tethered drones market refers to the industry segment that involves the manufacturing, sale, and deployment of drones that are tethered or connected to the ground by a cable or tether. These drones are equipped with a power source and communication link through the tether, allowing them to stay airborne for extended periods of time compared to traditional battery-operated drones.
The market for tethered drones has seen significant growth in recent years, driven by increasing demand for aerial surveillance, public safety and security, industrial inspections, and disaster management. These drones find applications in sectors such as law enforcement, military, oil and gas, utilities, construction, and entertainment.
The COVID-19 pandemic had significant impacts on the tethered drones market. The pandemic highlighted the need for contactless operations and reduced human interaction. Tethered drones, with their ability to perform aerial surveillance, monitoring, and data collection without direct human involvement, gained significant traction. They were utilized for applications such as monitoring public spaces, enforcing social distancing measures, and conducting thermal screenings, helping to limit the spread of the virus.
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Key Players
Key Companies in the Tethered Drones market include.
• Yuneec
• Novadem
• CyPhy Works
• Drone Aviation
• Elistair
• Sky Technologies
• UAVTEK
• Hoverfly Technologies
• Azur Drones
• ECA Group
Market Segmentation
The Tethered Drones Market has been segmented into type technology and application.
Based on the type, the market has been segmented into military drones and commercial drones.
Based on the technology, the market has been segmented into sensors, controller system, camera and battery.
Based on the application, the market has been segmented into inspection & monitoring, law enforcement, surveying and mapping.
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Regional Analysis
North America has been the largest region in the tethered drones market. The United States, in particular, has been a major contributor to the market's growth in this region. North America has been at the forefront of technological advancements, including the development and adoption of drone technologies.
The United States, in particular, has a well-established regulatory framework for drones, which has facilitated their widespread adoption. The Federal Aviation Administration (FAA) has implemented regulations that allow for the commercial use of drones, including tethered drones, under specific conditions.
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Agriculture Drones Market Research Report Information forecast till 2032 -
https://www.marketresearchfuture.com/reports/agriculture-drones-market-10794
Utility Drones Market Research Report Information Forecast Till 2032 - https://www.marketresearchfuture.com/reports/utility-drones-market-8348
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