Report : North America Tethered Drones Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Quadcopter and Multicopter), Application (Inspection/Surveying/Mapping, Law Enforcement, Search & Rescue, and Others), and End User [Military and Commercial (Energy & Power, Media & Entertainment, Telecom, and Others)]
At 38.4% CAGR, the North America Tethered Drones Market is speculated to be worth US$ 231.67 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America tethered drones’ market was valued at US$ 32.99 million in 2022 and is expected to reach US$ 231.67 million by 2028, registering an annual growth rate of 38.4% from 2022 to 2028. Increasing demand for long operational ISR drones for military applications and development 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 North America. 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. 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 North America 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 decreases the operational efficiency of tethered drone hurdles the growth of North America tethered drone’s market.
- Based on type, the North America tethered drones’ market is divided into quadcopter and multicopter. The quadcopter tethered drones segment held 63.0% market share in 2022, amassing US$ 20.78 million. It is projected to garner US$ 163.82 million by 2028 to expand at 41.1% CAGR during 2022–2028.
- Based on end user, the North America tethered drones’ market is categorized into military and commercial (energy & power, media & entertainment, telecom, and others). The military segment held 63.4% market share in 2022, amassing US$ 20.92 million. It is projected to garner US$ 159.15 million by 2028 to expand at 40.2% CAGR during 2022–2028.
- Based on application, the North America tethered drones’ market is categorized into inspection/surveying/mapping, law enforcement, search & rescue, and others. The law enforcement segment held 40.0% market share in 2022, amassing US$ 13.19 million. It is projected to garner US$ 90.22 million by 2028 to expand at 37.8% CAGR during 2022–2028.
- Based on country, the North America tethered drones’ market has been categorized into the US, Canada, and Mexico. Our regional analysis states that US captured 86.9% market share in 2022. It was assessed at US$ 28.68 million in 2022 and is likely to hit US$ 208.75 million by 2028, exhibiting a CAGR of 39.2% during the forecast period.
Key players dominating the North America tethered drones’ market are ECA Group, Elistair, Fotokite, Menet Aero (NTP Inc.), Hoverfly Technologies, Sky SAPIENCE, and Yuneec Holding Ltd., among others.
- In Feb 2021, ECA Group upgrades its UAV IT180 for ISTAR missions.
- In Mar 2021, Elistair, the pioneer in tethered UAVs, announces a US$ 5.86 million Series B round to accelerate its international expansion.
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