The explosive detection drone market is predicted to climb the growth ladder steadily throughout the forecast period of 2019-2029 with rising security concerns being the main reason. Protection against terror threats is of utmost importance for any nation. This factor is a growth influencer for the explosive detection drone market. As the world battles with the COVID-19 pandemic, terrorism is a type of pandemic the world is facing for many years. Anti-social elements and terrorist organizations always come up with heinous terrorist attacks to devastate the lives the many. In such situations, cutting-edge explosive detection technologies help military and bomb detection squads identify the threat and act accordingly. These factors augur well for the growth of the explosive detection drone market. By end use, the explosive detection drone market can be classified into events, yachts, infrastructure, military, correctional facilities, airports, border protection, police, and VIPs.
Unexploded landmines also pose a grave threat as explosions can cause unprecedented human loss. There are over 100 million unexploded landmines across the globe. Landmines have been in use since the 1st World War and 15000-20000 people are killed every year due to the unexploded landmines. Mitigation of such incidents is necessary. Therefore, this aspect can benefit the explosive detection drone market greatly.
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Technology to Influence Growth of Explosive Detection Drone Market
Manufacturers in the explosive detection drone market are intensely focusing on research and development activities for creating new technologies that can efficiently cater to the needs of the consumers. Laser Detect Systems, an Israeli technology company, launched SpectroDrone that has a 3km flight range. Such inventions tune in greatly with the growth rate of the explosive detection drone market. Studies and research are also being conducted to integrate low-cost technologies that enable explosive detection without any compromise on the performance. Recently, a study was conducted on the use of ARdrone 2.0 for using it as a complemented tool for landmine detection. These developments help in propelling the growth of explosive detection drone market.
Partnerships to Boost Growth Prospects of Explosive Detection Drone Market
Mergers and partnerships in the explosive detection drone market for developing drones are a common phenomenon and are expected to rise through the forecast period. The explosive detection drone market recently witnessed a similar instance. Dragonfly Inc., a commercial drone company, partnered with Windfall Geotek, a technology services company in Quebec having expertise in the artificial intelligence (AI) sector and state-of-the-art extraction techniques in the mining field. These companies will work together for the development of unmanned aerial solutions for developing an AI-based drone for the detection and elimination of landmines. Therefore, these inventions bring stellar opportunities for the growth of explosive detection drone market. Key players in the explosive detection drone market are DeTect Inc., Drone Labs, Squarehead Technology, Heliguy, Rohde & Schwarz, Aaromia AG, etc. New players are also entering the explosive detection drone market with good explosive detection technologies.
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North America Lucrative Regional Market
The explosive detection drone market is regionally spread across the Middle East and Africa, North America, Europe, Latin America, Asia Pacific, and Europe. North America is expected to hold a massive share of the explosive detection drone market. The growth of the explosive detection drone market in this region is due to the increase in the use of detection drones for surveillance operations. The explosive detection drone market is also expected to observe steady growth in Europe as the region is moving toward technological advancements. The explosive detection drone market is also expected to fare well in the Middle East and Africa due to incidences of explosions in oil hotspots.