MarketResearch.biz delivers in-depth insights in its upcoming report titled, “Global Commercial Drone Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global commercial drone market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global commercial drone market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global commercial drone market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global commercial drone market is segmented on the basis of product type, applications, and region.
Drones are unmanned aircrafts or unmanned aerial vehicles that are operated via a remote controller or by an on-board programed processor. Initially drones were used in military and defense sector but nowadays they are finding various application in commercial sector.
Increasing demand for drone as a service and increasing penetration on Internet of Things (IoT) are major factors driving growth of the global commercial drone market. In addition, increasing adoption of commercial drones for photogrammetry, traffic surveillance, environmental study, crop monitoring, flood mapping, law enforcement, mining, etc. is further fueling growth of the global commercial drone market. Moreover, the current trend observed in the market is increasing adoption of commercial drones for filming and video shooting, advertising, for recording adventure activities such as bungee jumping, water rafting, etc., and for delivering packages & food orders. This factors are expected to support growth of the global commercial drone market over the forecast period.
Lack of standard regulation in various region for drone operations is a major factor hampering growth of the global commercial drone market. In addition, short operating range, lack of skilled operators, and short battery life are some other factors hampering growth of the global commercial drone market. However, technological advancements and implementation of favorable laws by government can create new opportunities for key players in the global commercial drone market.
North America dominates the global commercial drone market in terms of revenue contribution and is expected to maintain its dominance over the forecast period. This can be attributed to increasing implementation of drone-powered business solutions for various application. The market in Europe is expected to witness significant growth and is expected to register a CAGR of X.X% over the forecast period, followed by the market in Asia Pacific.
Global Commercial Drone Market Segmentation:
Global commercial drone market segmentation, by product type:
- Fixed wing drones
- Rotary blade drones
- Nano drones
- Hybrid drones
Global commercial drone market segmentation, by applications:
- Energy Sector
- Media and Entertainment
Global commercial drone market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- AeroVironment Inc.
- 3D Robotics Inc.
- Airware Inc.
- Dà-Jiāng Innovations Science and Technology Co. Ltd.
- Parrot SA
- Draganﬂy Innovations Inc.
- Lockheed Martin Corporation
- Trimble Inc.
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