Drone Docking Station Market: Introduction
Drone docking station is a device that helps to charge a drone when it is on ground or midair. Drone docking stations can be battery powered, solar powered, or wirelessly powered. Drone docking stations are required by both people and businesses around the world. Drone technology is gaining popularity because of its highly beneficial nature. From delivering medical aid or Amazon packages to preserving wildlife and assisting law enforcement, drones are now a part of our everyday lives. Drones are used for many commercial and recreational activities including photography and for aerial view images. Drones are used in applications such as construction, agriculture, security, and pipeline monitoring. The use of drones in all these applications needs longer airtime. However, the battery of drones lasts only for 20 to 30 minutes which makes its use difficult.
Key Drivers of the Drone Docking Station Market
Globalization has led to increase in the number of companies, industries, and commercial spaces. Growth in the business environment generates the need for various technologies. The drone docking station market is set to grow with the growth in its applications. The other factor driving the drone docking station market is the rise in disposable income and changing lifestyle of people. Drone docking stations are used during weddings, events, movies, military operations etc. The rise in number of events and growth in end-use sectors globally is expected to drive the drone docking station market during the forecast period.
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Launch of Improved Products Creating Opportunities in the Drone Docking Station Market
Companies are launching improved products and creating new opportunities for the product in the market. A recent launch is an automatic drone hangar devised to install the drone where required, keeping it charged, sheltered, and prepared for automatic, on-demand, and programmed missions. Other features included are IP65 protection, utmost safety, Inox steel construction, optional high-performance HVAC extending operating temperature to -35C and +65C, up to 500W charging, and anti-theft electromechanical locking. These improvements drive the demand for drones and thus the demand for drone docking stations.
Health Issues and Privacy intrusion are Restraints of the Drone Docking Station Market
The chemical content and residue left from drone strikes are harmful to agriculture, public health, and cause numerous skin and respiratory diseases. Apart from these air attacks, the usage of drones also leads to invasion of privacy, interference with air activity, storage of weapons, and many other illegal activities. These factors have a negative impact on the drone market and consequently on the drone docking station market.
North America the Dominant Market
The U.S and Canada are the largest markets for drone docking stations. R&D on drone docking stations is ongoing and many manufacturers are coming up with various solutions to make drone charging feasible. Global players are extending their cross border services and gaining a competitive edge. These factors are creating new market opportunities in the region.
Key Players Operating in the Global Market
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the drone docking station market are:
- Corvus Drones
- H3 Dynamics
- Humavox Ltd.
Drone Docking Station Market: Research Scope
Drone Docking Station Market, by Type
- Indoor charging pad
- Outdoor charging pad
Drone Docking Station Market, by Charging Method
- Solar powered
Drone Docking Station Market, by Distribution Channel
The report on the drone docking station market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
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