The Asia Pacific tethered drones market is expected to grow from US$ 18.82 million in 2022 to US$ 234.51 million by 2028; it is estimated to grow at a CAGR of 52.3% during the projected period.
The tethered drone market players are focusing on the development of innovative products to cater different commercial sectors demand, owing to which they are collaborating with several companies of different commercial sector entities to understand the needs and provide them a reliable solution. Apart from military applications, several other applications have witnessed deployment of tethered drones for a variety of tasks over the past few years. Such applications of tethered drones for commercial purposes are pushing the tethered drone market vendors to develop new and innovative products to cater to emerging market demands. The demand for tethered drones for long-term monitoring of critical infrastructures such as shipping ports and road traffic control across cities is another major factor pushing the vendors to develop such products for commercial applications. The ground monitoring system lags in offering continuous relaying of monitored data, thus the demand for tethered drones have been on the rise in the recent years. Tethered drones provide continuous aerial monitoring by covering all the area of the port and facilitating in the identification of any suspicious movement patterns, as well as help in tracking the movements across the restricted areas of the ports. Due to such benefits, the tethered drone market players are experiencing higher demand for their products from shipping ports. Similarly, the vendors across tethered drone market are focusing to cater to the challenges being faced by traffic control operators by providing them solution for efficient management of traffic controls. For traffic control operators, aerial monitoring is one of the critical solutions that can help reduce the number of accidents across busy road routes. Tethered drones can help detect and document violations of traffic rules across any specific area wherever it is being deployed. Also, it can help monitor traffic count and provide exact stats to the operators for better management of the traffic congestion routes. These advantages offered by tethered drones are anticipated to crate lucrative business opportunities for the tethered drone market players from the law enforcement agencies.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific tethered drone’s market. The Asia Pacific tethered drones market is expected to grow at a stellar CAGR during the forecast period.
Asia Pacific Tethered Drones Market Segmentation
The Asia Pacific tethered drones market is segmented based on type, end user, application, and country. Based on type, the Asia Pacific tethered drones market is bifurcated into quadcopter and multicopter. The quadcopter segment dominated the Asia Pacific tethered drones market in 2022. By end user, the Asia Pacific tethered drones market is categorized into military and commercial (energy & power, media & entertainment, telecom, and others). The military segment dominated the Asia Pacific tethered drones market in 2022. In terms of application, the Asia Pacific tethered drones market is categorized into inspection/surveying/mapping, law enforcement, search & rescue, and others. The law enforcement segment dominated the Asia Pacific tethered drones market in 2022. From country point of reference, the Asia Pacific tethered drones market is segmented into Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. China dominated the Asia Pacific tethered drones market in 2022.
ECA Group, Elistair, Sky SAPIENCE, Yuneec Holding Ltd., and Skyshot Private Limited, by Altair are among the leading companies in the Asia Pacific tethered drone’s market.