As per GMI Research’s latest analysis, Global Commercial Drone Market reveals that the market is slated to register a significant CAGR over the upcoming years. This is mainly attributed to the rising demand for drones in the commercial industries due to the UAV’s ability to perform various hazardous tasks, including inspecting utility pipelines with higher efficiency.
Request for a FREE Sample Report on Commercial Drone Market
Commercial Drone Market’s leading Manufacturers:
- PrecisionHawk USA Inc.
- BAE Systems PLC
- AeroVironment Inc.
- Ascending Technologies GmbH
- Parrot S.A.
- TRACE Intelligent Systems
- DJI
- SZ Dajiang Innovations Technology Co. Ltd
- 3D Robotics Inc.
- Textron Inc.
Commercial Drone Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The rising demand for drones in the commercial industries owing to the UAV’s capability to perform various hazardous tasks, including inspecting utility pipelines with higher efficiency and are cost-effective in comparison to other conventional methods, are the key drivers propelling the growth of the commercial drone market size. The increasing number of drone-supportive regulations applied by the governments is encouraging entrepreneurs to enter the market. These factors are expected to boost the demand for the market. Several global technology organizations are focusing on launching new utilization methods of drones in the commercial industry like commercial drone services. Furthermore, the growing application of drones for food delivery will further stimulate the growth of the commercial drone market share in terms of revenue. Along with the increasing number of UAV venture funding, rapid technological advancements, and the rising application of drones in the commercial industry, including 3D mapping and drone delivery, are some other factors driving the demand of the market.
Commercial drones facilitate rising productivity by improving graphics visualization and reduces the price of the project. The increasing use of UAVs has resulted in an enhancement in surveying accuracy, particularly in the real estate and construction sector. The emergence of the COVID-19 pandemic has positively impacted the demand for Virtual Reality (VR), Artificial Intelligence (AI), and Augmented Reality (AR) based solutions. The recent outbreak of coronavirus is encouraging pharmaceutical vendors and healthcare establishments to opt for machined-based services with decreased physical human contact. All these factors are increasing the demand for commercial drones in the healthcare industry to deliver medicines, healthcare equipment and track the patients who are not wearing face masks. Thereby, the COVID-19 pandemic is the major market contributor, particularly in 2020.
Commercial Drone Market Segmentation:
Segmentation by Product Type:
- Fixed-Wing
- Rotary Blade
- Hybrid
Segmentation by End-Use:
- Agriculture
- Delivery & Logistics
- Energy
- Media & Entertainment
- Real Estate & Construction
- Security & Law Enforcement
- Others
Segmentation by Application:
- Filming & Photography
- Inspection & Maintenance
- Mapping & Surveying
- Precision Agriculture
- Surveillance & Monitoring
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
