
Published On: Nov 2022
Published On: Nov 2022
At 52.3% CAGR, the Asia Pacific Tethered Drones Market is projected to be worth US$ 234.51 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific tethered drones’ market was valued at US$ 18.82 million in 2022 and is expected to reach US$ 234.51 million by 2028, registering an annual growth rate of 52.3% from 2022 to 2028. Rising demand for long operational ISR drones for military applications and progress of tethered drones for commercial applications.
The growing focus of armed forces for communications, security, and ISR operations where drones have the capability to be rapidly deployed to establish robust channels and cover broad areas is one of the major factors propelling the adoption of tethered drone systems across the APAC region. The battery-operated UAV systems deployed across the military forces provide a limited time service for respective operations which is one of the major challenges faced by the military forces. Tethered drones provide almost unlimited power supply and allows the drone to operate for a longer time and support the military operations for the desired period. Several military forces are collaborating with different tethered drone vendors to develop and deploy advanced tethered drones for their critical mission needs. For instance, in May 2022, Elistair announced that it has been awarded a framework agreement by the DGA (French Armament General Directorate) for the supply of ORION 2 tethered Unmanned Aerial Vehicles (UAVs). Moreover, in 2019, Hoverfly Technologies announced that it has won a contract worth US$ 10 Million to deliver its LiveSky Dismounted and LiveSky SkyBox variants of tethered drone systems. Such developments are catalyzing the tethered drone market growth globally. Furthermore, the field camps and command vehicles are among the most important assets for military operations. Tethered drones provide the safety of these equipment during a military operation. As such equipment have their own radio signatures that can be detected by other detecting technologies, tethered drones help to reduce their radio signature by providing lower visual signals to the moving assets that also helps in procuring the information from the operational locations more safely while performing the objectives. Such mission calls for tethered drones which is likely to propel the procurement and deployment of tethered drones across different military forces APAC which is driving the tethered drone market growth. This is expected to drive the market during the forecast period.
On the contrary, higher weight of cables lowers the operational efficiency of tethered drone hurdles the growth of Asia Pacific tethered drone’s market.
Key players dominating the Asia Pacific tethered drones’ market are ECA Group, Elistair, Sky SAPIENCE, Yuneec Holding Ltd., and Skyshot Private Limited, among others.
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