Tethered Drones Market To Reach USD 0.2 Billion By 2032 | DataHorizzon Research

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The tethered drones market size was valued at USD 0.1 Billion in 2023 and is expected to reach a market size of USD 0.2 Billion by 2032 at a CAGR of 5.9%.

Fort Collins, Colorado, April 19, 2024 (GLOBE NEWSWIRE) —

Industry expansions across several sectors boost industry growth.

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The tethered drones market shows immense promise for expanding into new industry verticals beyond surveillance and communication. Sectors such as energy, construction, and agriculture are increasingly realizing the advantages of tethered drones for aerial inspection, surveying, and monitoring purposes. For instance, within the energy industry, tethered drones can efficiently inspect power lines, wind turbines, and solar panels, reducing reliance on manual inspections and improving safety measures. Recognizing the potential of drones in the energy sector, the U.S. Department of Energy has invested in research and development initiatives to advance drone technologies for inspecting energy infrastructure. As more industries explore the potential applications of tethered drones, the market stands ready for significant growth and diversification.

Tethered drones have emerged as a transformative technology in surveillance and security, providing continuous aerial monitoring capabilities with their capacity to remain airborne for prolonged durations, often surpassing 24 hours.  They are well-suited for border patrol, crowd surveillance, and emergency response tasks. As per a report from the U.S. Department of Homeland Security, the deployment of tethered drones has substantially bolstered border surveillance initiatives, facilitating uninterrupted monitoring of expansive areas while reducing reliance on human patrols. Moreover, incorporating advanced sensors and imaging systems has broadened the scope of surveillance applications, enabling real-time data collection and analysis. 

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Segmentation Overview:

The tethered drones market has been segmented into component, type, application, and region.

Surveillance and protection accounted for a significant market share in 2023.

  • Based on the market segmentation by application, the surveillance and protection sub-segment dominated the tethered drones market in terms of application. The increasing demand for persistent aerial monitoring and security solutions across industries has been a major driving force behind the growth of this sub-segment. 

The commercial drone segment registered a massive growth in 2023.

  • Based on the market segmentation by product type, the commercial drone sub-segment is expected to hold the largest market share in the tethered drones market. The increasing adoption of tethered drones in various commercial applications, such as aerial photography, videography, and industrial inspection, has been a critical driver for this sub-segment’s growth. 

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Tethered Drones Market Report Highlights:

  • The tethered drones market growth is anticipated at a CAGR of 5.9% by 2032.
  • The upcoming trends in the tethered drones market include integrating advanced sensors, increasing payload capacities, and developing autonomous tethered drone systems.
  • The Asia-Pacific is the leading region for tethered drones, attributed to widespread drone applications and substantial development in drone technology.
  • Some prominent players in the tethered drones market report include Elistair, Hoverfly Technologies, Dragonfly Systems, CyPhy Works (Aria Insights), Drone Aviation Holding Corp., TCOM L.P., Zenith AeroTech, Fotokite, Skysapience Inc., Skytether LLC, AeroVironment Inc., and IdeaForge. 

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About DataHorizzon Research:

DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

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