Firefighting drone market to reach USD2.76 billion

In Issue69 by FIEALeave a Comment

The Global Firefighting Drone Market size was valued at USD 1.31 Billion in 2022 and is forecasted to be USD 2.76 Billion by 2030, growing at a CAGR of 9.8 % from 2023 to 2030, as per a recent report published by Cognitive Market Research.As per Cognitive Market Research analysis, the growing number of fire incidences in forests and industries is fuelling the demand for firefighting drones, as they are capable of monitoring and capturing scenes in an instance where firefighters and fire trucks cannot reach them. In addition, government initiatives for developing firefighting solutions with the help of new technologies are expected to further drive market growth during the forecasted period. For example, in 2020, the British Government invested USD 43 Million in firefighting and COVID drones to solve global challenges.

Major Findings:

  • The growing number of fire-born incidences in several industries is a significant driver responsible for the firefighting drone market growth.
  • Limited operational bandwidth and lack of skilled pilots can hinder the market growth during the forecast period.
  • Technological advancements such as cloud platform and AI technology is expected to open new opportunities for market growth during the forecasted period.
  • By type, the multirotor firefighting drone segment dominated the market in 2022 due to its vast application in several industries.
  • By size, micro-firefighters’ drones adopted the largest market share in 2022. This is attributed to the fact that they can reach anywhere for quick and reliable inspection.
  • By region, North America has dominated the market for firefighting drones in 2022 owing to the high adoption of firefighter drones in different sectors.
  • Asia Pacific is expected to grow at the fastest CAGR during the forecasted period due to the increasing adoption of high technology among emerging countries such as China and India.
  • Product development, product launch, collaboration, and partnerships by key market players are expected to open new avenues for market growth.

More >>

Source: prnewswire

0 0 votes
Article Rating

Share this Post

Notify of
Inline Feedbacks
View all comments