Commercial Drone/Unmanned Aerial Vehicle Market Key Players are Parrot, DJI, 3D Robotics, Yuneec International, AeroVironment, PrecisionHawk, Bae Systems, Airobotics, Airware, DroneDeploy, senseFly, Cyberhawk, Hoverfly Technologies

Market Overview: -

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.

Commercial Drone Market is projected to grasp USD 17.0 billion by 2024. The increasing application of the drones for the commercial purposes is anticipated to be one of the major factor driving the market growth. Since the advent of commercial UAVs, they have been utilized for video and photography. However, due to the relaxation by regulatory bodies such as U.S. Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) on the use of drones for commercial drones, their adoption among the different industry sectors, such as agriculture, real estate, architecture & construction, delivery and media has increased rapidly.

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Top Key Players: -

Some of the prominent vendors of the commercial drone market are Parrot, DJI, 3D Robotics, Yuneec International, AeroVironment, PrecisionHawk, Bae Systems, Airobotics, Airware, DroneDeploy, senseFly, Cyberhawk, Hoverfly Technologies, Ehang Inc, and Intel Corporation.

Market share calculation in this report is not done based on companies covered in it. The calculation of commercial drone market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

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.

The Asia Pacific region is anticipated to grow with the highest rate during the forecast timespan due to the supportive government policies and initiatives for the driving the adoption of UAVs for commercial purposes and rising awareness for drone applications. The market is also aided by the rising adoption of drones by the enterprises and customers in fields such as retail, agriculture, and construction. Furthermore, the existence of considerable number of UAV manufacturers in the Asia, particularly in China, such as Xiaomi and DJI, is aiding to the market.

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Partial Chapter of the Table of Content

Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and research parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Commercial drone industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Type trends
2.1.4. Mode of operations trends
2.1.5. Application trends
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

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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.

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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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