Press release
Commercial Drone Market to witness increasing venture capital investment in drone technology|By key players Bae Systems, Cyberhawk Innovations, DroneDeploy, DJI, Ehang Inc, Hoverfly Technologies, Intel, Parrot, PrecisionHawk, senseFly
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The agriculture industry has emerged as one of the major end-users in the commercial drone 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 UAV market demand.
Asia Pacific commercial drone market 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 UAV market. The commercial drone market is also aided by adoption of drones by the customers and enterprises in fields such as agriculture, retail, and construction.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. 3D Robotics
2. AeroVironment Inc.
3. Airobotics
4. Airware
5. Amazon Prime Air
6. Bae Systems
7. Cyberhawk Innovations Ltd.
8. DJI
9. DroneDeploy
10. Ehang Inc.
11. Hoverfly Technologies
12. Intel Corporation
13. Kespry
14. Parrot SA
15. Pricisionhawk
16. senseFly
17. Walkera Technology Co., Ltd.
18. Xaircraft
19. Xiaomi Inc.
20. Yuneec International
Commercial Drone Market is set to exceed USD 17 billion by 2024; according to a new research report by Global Market Insights, Inc. The shipments surpassed 100,000 units in 2016. The growth of the market is credited to increasing venture capital investment in the market space. In 2016, there were about 105 deals with an approximation of USD 541 million. It was estimated that the investment in commercial drones moved from hardware to software in 2017 with the Venture Capitals (VCs) targeting end-to-end solutions, software, and counter-drone technology.
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. Moreover, commercial drone 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.
Browse Full Report: https://www.gminsights.com/industry-analysis/unmanned-aerial-vehicles-UAV-commercial-drone-market
The major vendors in the commercial drone market are 3D Robotics, Airobotics, AeroVironment, Airware, Amazon Prime Air, Bae Systems, Cyberhawk Innovations Ltd., DroneDeploy, DJI, Ehang Inc, Hoverfly Technologies, Intel Corporation, Parrot, PrecisionHawk, senseFly, and Yuneec International. These players are leveraging on the various strategies such as product launch, and strategic alliance to enhance their product portfolio and gain market share. For instance, In January 2017, DJI acquired Hasselblad, a Swedish camera company. The acquisition will strengthen DJI’s presence in high-end camera drones landscape by combining DJI’s aerial drone technology with Hasselblad’s cameras.
Browse Related Report:
Video Conferencing Market Size By Component (Hardware [Multipoint Control Unit (MCU), Codecs, Peripheral Devices], Software [On-premise, Cloud], Service [Professional, Managed]), By Type (Room-Based, Telepresence, Desktop), By Application (Corporate Enterprise, Education, Government, Healthcare), Regional Outlook (U.S., Canada, UK, Germany, France, Netherlands, Italy, Spain, China, India, Japan, South Korea, Australia & New Zealand, Brazil, Mexico, UAE, Saudi Arabia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
https://www.gminsights.com/pressrelease/video-conferencing-market
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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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