Press release
Commercial Drone / UAV Market Growth Evolution By Key Players: 3D Robotics, AeroVironment, Amazon Robotics, BAE Systems, DJI, Intel Corporation, Parrot, senseFly, Xiaomi Technology, Kespry, DroneDeploy, Airware, Airobotics, EHANG, Inc.
Commercial Drone/Unmanned Aerial Vehicle (UAV) Market
One of the most important investments in 2017 was of 3D Robotics of about USD 53 million Series D round from Atlantic Bridge CapitalTrue, VenturesFoundry and GroupMayfield. It witnessed the transition from hardware to software services.
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The agriculture industry has emerged as one of the major end-users in the commercial drone/UAV market. They are used for a wide range of applications such as planting, soil and field analysis, crop monitoring, health assessment, crop spraying and irrigation in the complete crop cycle. Other use cases include producing a precise 3D map for soil analysis, which can guide in planning of seed planting patterns. A drone-driven method of soil analysis offers data for nitrogen level and irrigation management, which is also estimated to be a major factor driving the commercial drone/UAV market demand.
Moreover, commercial drone/UAV market companies which led the funding were targeting industrial and enterprise inspection. With an ever-growing adoption of commercial drones, it implies great affordability for businesses and operators. Furthermore, manufacturing techniques of computer chips, economies of scale, and software advances are driving the cost of drone sensors and platforms and solutions.
The technological advancements and innovation in the commercial drone market space is also estimated to drive the revenue. The integration of artificial intelligence and advanced machine learning algorithms has developed several new avenues for utilization of UAVs capabilities. The company even plans to utilize the capability of civil drones to delivery one of the largest drone delivery network in Tanzania.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. 3D Robotics
2. AeroVironment
3. Amazon Robotics
4. BAE Systems
5. DJI
6. Intel Corporation
7. Parrot
8. senseFly
9. Xiaomi Technology
10. Kespry
11. DroneDeploy
12. Airware
13. Airobotics
14. EHANG, Inc.
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Commercial Drone Market, By Product
• Fixed Wing Drone
• Rotary Wing Drone
• Hybrid Drone
Commercial Drone Market, By Mode of Operation
• Remotely Operated Drone
• Semi-autonomous Drone
• Autonomous Drone
North America is leading the commercial drone/UAV market owing to increasing adoption for innovative capturing and discovering of events through filming, video and aerial photography. The relaxation on the use of UAVs for commercial applications by the FAA is also estimated to contribute towards the growth of the market.
Asia Pacific is estimated to gain substantial growth during the forecast period owing to the rapid increase in awareness for civilian drone applications and relaxation by government for the use of UAVs for commercial purposes. Furthermore, the presence of substantial number of drone’s manufacturers in the region, especially in China, such as DJI and Xiaomi, is also estimated to be drive the growth of the commercial drone/UAV market. The market is also aided by adoption of drones by the customers and enterprises in fields such as agriculture, retail, and construction.
The major vendors in the commercial UAV market are 3D Robotics, AeroVironment, Airobotics, Airware, Amazon Robotics, BAE Systems, DJI, DroneDeploy, EHANG, Inc., Intel Corporation, Kespry, Parrot, senseFly, and Xiaomi Technology.
Browse key industry insights spread across 350 pages with 210 market data tables & 30 figures & charts from the report, Commercial Drone/Unmanned Aerial Vehicle (UAV) Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/unmanned-aerial-vehicles-UAV-commercial-drone-market
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