Market Share of Drones Industry
The drones market is moderately fragmented due to the presence of several local and global players holding significant shares in the global market. Some of the prominent players in the market are SZ DJI Technology Co. Ltd., The Boeing Company, Terra Drone Corporation, Intel Corporation, and Parrot Drones S.A.S.
The market comprises a handful of established players, which enjoy a strong foothold in the market. However, the market analysis report shows that many small companies and startups entered the target market in the past few years due to the high profitability in the market. Companies are competing to gain market shares and are developing advanced technology-integrated drone hardware and software solutions that reduce human effort in applications such as mining, construction, and aerial mapping.
Additionally, the entry of companies, like The Boeing Company, Alphabet, and Intel Corporation, into the commercial sector of drones is expected to make the market fragmented over the coming years. Since the payload, endurance, and flight range of a drone platform are the primary concerns of OEMs and operators alike, the emergence of alternative fuel-powered drones is expected to cause significant changes in the competitive scenario.
Moreover, R&D efforts in terms of composite-based materials for the construction of critical components and parts of drones may increase the capabilities of the drone platforms and fuel their widespread adoption across different industries.
Drones Market Leaders
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Intel Corporation
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The Boeing Company
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Terra Drone Corporation
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SZ DJI Technology Co. Ltd.
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Parrot Drones S.A.S.
*Disclaimer: Major Players sorted in no particular order
