Commercial Drone Market Trends by Key Players: DJI, Parrot, 3D Robotics, AeroVironment, PrecisionHawk, Yuneec International, Airobotics, Airware, Amazon Prime Air, Bae Systems, Hoverfly Technologies, Intel Corporation and senseFly

Extensive usage of UAVs in the agricultural sector to drive the commercial drone/UAV industry progression

Boasting of a vast expanse of application spectrum, commercial drone/UAV market has gained extensive popularity over the past few years. As far as the wide-scale deployment of UAVs is concerned, the agriculture sector has emerged as one of the most lucrative end use segment of commercial drone/UAV industry in the recent times. It would be prudent to mention that drones are increasingly being utilized across agricultural fields in analyzing soil, assessing the health of crop, appropriate spraying of pesticides, planting of seeds, and irrigating the field throughout the crop cycle.

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In fact, the technological advancements in drones have made it easier to formulate a comprehensive 3D map for soil analysis which can aid farmers to seamlessly analyze seed planting patterns. Apparently, the aforementioned benefits of deploying drones in the agricultural sector have impelled the growth potential of commercial drone/UAV industry.

Over the recent years, the commercial drone/UAV market has garnered immense popularity owing to the substantial increase in civil applications of unmanned aerial vehicles. It is quite a well-known fact that the commercial utilization of unmanned aerial vehicles has been steadily rising since the early 1980s. However, a significant increase in investments and the relaxation of some regulatory norms across the globe have opened up an array of practical applications of drones across numerous business domains. This has, in consequence, acted as a pivotal factor in propelling the commercial drone/UAV market share in the recent times. In fact, as per a research report by Global Market Insights, Inc., the global commercial drone/UAV industry commanded a total valuation of over USD 2 billion in the year 2016.

Elaborating further, it has been observed that numerous leading commercial drone/UAV market participants have been forming robust alliances with government institutions to tap into the steadily evolving agricultural drones space. Citing an instance to highlight this trend, Parrot Drones has recently announced a share-cost initiative with the Technical Centre for Agriculture and Rural Cooperation (CTA) to use drones in the agriculture sector of the sub-Saharan African region. Reportedly, the announcement of the latest collaboration comes in the backdrop of Parrot’s recent launch of its thermal imaging drone, the Parrot Bluegrass, that is particularly designed for precision agriculture. The innovative drone is equipped with both a multispectral sensor and a video camera along with a unique processing cloud platform.

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Partial Chapter of the Table of Content

Chapter 3. Commercial Drone Industry Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2013 - 2024

3.4. Industry ecosystem analysis

3.5. Market evolution

3.6. Market news

3.7. Commercial drone regulations

3.7.1. U.S.

3.7.2. Canada

3.7.3. U.K.

3.7.4. Germany

3.7.5. France

3.7.6. Italy

3.7.7. Spain

3.7.8. Australia

3.7.9. China

3.7.10. India

3.7.11. Japan

3.7.12. South Korea

3.7.13. Brazil

3.7.14. Mexico

3.7.15. Argentina

3.7.16. UAE

3.7.17. Israel

3.7.18. South Africa

3.8. Pricing analysis

3.9. Technology & innovation landscape

3.9.1. AI in drones

3.9.2. Nano & Mini drones

3.9.3. 3D printing of drones

3.9.4. Cloud computing-based services

3.9.5. Advanced material in manufacturing of drones

3.9.6. Drones taxies or passenger drones

3.9.7. IoT drones

3.10. Commercial drone use cases

3.10.1. Agriculture

3.10.2. Photography & Filming

3.10.3. Construction

3.10.4. Real estate

3.10.5. Retail

3.11. Industry impact forces

3.11.1. Growth drivers

3.11.1.1. Venture capital investment in drone technology

3.11.1.2. Increasing use cased of drones in civil applications

3.11.1.3. Increasing affordability and accessibility of drones

3.11.1.4. Advancement in design and integrated data intelligence

3.11.1.5. Strong Chinese market and growing demand from developing economies

3.11.2. Industry pitfalls & challenges

3.11.2.1. Stringent government regulations

3.11.2.2. Security & privacy issues

3.12. Growth potential analysis

3.13. Porter's analysis

3.14. PESTEL analysis

Chapter 4. Competitive Landscape

4.1. Introduction

4.2. Company analysis by major players, 2016

4.2.1. DJI

4.2.2. Parrot

4.2.3. 3D Robotics

4.2.4. Xiaomi

4.2.5. AeroVironment

4.3. Company analysis by innovation leaders, 2016

4.3.1. Precision Hawk

4.3.2. Airware

4.3.3. Skycatch

4.3.4. DroneDeploy

4.3.5. Kespry

4.4. Other prominent vendors

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Citing yet another instance of the technological advancement in the commercial drone/UAV industry, it has been reported that scientists in the UK have successfully grown the world’s first crop of barley by deploying drones. Apparently, the project was named as Hands Free Hectare, given that researchers automated agricultural machines by using drone technology and no agronomists set foot in the land utilized to grow the crop. Moreover, an autopilot drone was used to get the tractors working for seeding, harvesting, and monitoring purposes. Considering the aforementioned instances which highlight the inventive usage of drones, the prospective growth of commercial drone/UAV market undoubtedly looks promising.

With a marked increase in the number of collaborations between technology leaders, governments, and industry players, the utilization of drones is bound to witness a transformative change in the forthcoming years. Furthermore, the deployment of drones across various end use domains including Wildlife Research & Preservation, Aerial Photography, Inspection & Monitoring, Emergency Management, and Remote Sensing & Mapping has observed a substantial increase. All these factors are certain to positively influence the growth potential of commercial drone/UAV market, which is forecast to surpass a remuneration portfolio of more than USD 17 billion by 2024.

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