Smart Drone 60% Market Share, Growth Reach US$ 1740 million by 2023

Over the next five years, projects that Smart Drone Services will register a 7.8% CAGR in terms of revenue, reach US$ 1740 million by 2023, from US$ 1110 million in 2017

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A smart commercial drone has a computer inside. They are easy to fly, maneuverable remotely, and contain sensor logic. Soon all smart drones will have computer driven collision avoidance technology making the flying more reliable. Remote operation occurs in the context of a workflow and sensors. Cameras are improving dramatically to permit management of video and picture taking that is realistic and detailed. Smart commercial drones are used for commercial application such as agriculture, government and entertainment.

The Smart Drone Services industry concentration is relative high; there are many producers in this market, but DJI only take above 60% market share.
DJI focus on micro and mini products, its product mark a strong growth rate, even there are more and more new players entered into this market. Its market leadership is relatively stable due to the product performance and incomparable prices. The many other players have to adjust their market strategy, such as focus only one or two applications, or for the large and professional products.

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The key consumption markets locate at developed countries. The North America takes the market share of 32%, followed by Europe with 30%. China’s consumption market has a quicker growing speed of CAGR 73%.
We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.

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This report presents a comprehensive overview, market shares, and growth opportunities of Smart Drone Services market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Micro Drones
• Mini Drones
• Other Drones
• Segmentation by application:
• Delivery Drones
• Agriculture Monitoring
• Oil and Gas
• Law Enforcement
• Disaster Management
• Entertainment, Media, and Mapping
• Networking for Remote Areas
• Environmental Drones
• Real Estate &Construction
• Others

This report also splits the market by region:
Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Spain
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
DJI
Parrot
3D Robotics
Intel (AscTec)
Xaircraft
Microdrones
AeroVironment
Yamaha
Draganflyer

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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Research objectives

To study and analyze the global Smart Drone Services consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Smart Drone Services market by identifying its various subsegments.
Focuses on the key global Smart Drone Services manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Smart Drone Services with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Smart Drone Services submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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