Commercial Drones Market 2019 Global Forecast 2026 | Top Key Players Aurora Flight Sciences Corporation, Denel, Northrop Grumman, Lockheed Martin, Elbit Systems Ltd, General Dynamics, AeroVironment, 3D Robotics, DJI, Aeryon Labs Inc, Parrot, Others

Global Commercial Drones Market is having several developments, product launches, joint ventures, merges and accusations by its prominent market players and top brands which are driving the market in the terms of sales, import, export and revenue. This report gives an edge to not just compete but to outmatch the competition. The report provides with CAGR value fluctuation during the forecast period of 2019-2026 for the Commercial Drones Market. This report also contains all the drivers and restrains with the help of SWOT analysis for the Global Commercial Drones Market.

The report also holds it place when it comes detailed market definition, classifications, applications and market trends.

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Global Commercial Drones Market By Drone Type (Rotary Blade Drones, Fixed Wing Drones, Hybrid Drones, Others), Offering (Software & Services, Hardware), Application (Government & Defense, Agriculture & Environmental, Energy, Media & Entertainment, Construction & Archaeology, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Commercial Drones Market

Global Commercial Drones Market is expected to rise from its initial estimated value of USD 3.96 billion in 2018, to a projected value of USD 17.04 billion by 2026, registering a CAGR of 20% in the forecast period of 2019-2026. This rise in market value can be attributed to growth in the technological offerings resulting in advanced and innovative products.

Market Definition: Global Commercial Drones Market

Commercial drones are unmanned aerial vehicle that have been equipped with the capability of visual imaging capturing and recording devices and equipments, as these drones are used for capturing images and recording videos of various terrains. The usage of drones has increased significantly due to its benefits associated with capturing and reaching places with ease and providing improved visual aids.

Market Drivers:

• Increasing adoption of commercial drones for a number of end-use applications, majorly from the agricultural segment for the visualization and analysis of land area is expected to act as a driver for the market growth

• Increased levels of investments and research activities associated with commercial drones from private and government sources; this factor is expected to act as a driver for the market growth

Market Restraints:

• Availability of substitutes to drones such as satellites and other imaging alternatives are factors expected to restrain the market growth

• High cost of drones and requirement of high capital investments for the maintenance of these drones; this factor is expected to restrain the market growth

Table of Contents:

1. Introduction

2. Market Segmentation

3. Market Overview

4. Executive Summary

5. Premium Insights

6. Global, By Component

7. Product Type

8. Delivery

9. Industry Type

10. Geography

10.1. Overview

10.2. North America

10.3. Europe

10.4. Asia-Pacific

10.5. South America

10.6. Middle East & Africa

11. Company Landscape

12. Company Profiles

13. Related Reports

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Key Developments in the Market:

• In June 2018, GE Ventures announced the launch of a startup based out of Boston, United States named AiRXOS. With the company focused on providing commercial drone software and product solutions to the consumers and industries. The startup is a joint venture between two of GE’s business divisions, GE Business Innovations and GE Aviation.

• In August 2017, 3D Robotics and DJI announced that they had collaborated to integrate 3D Robotics’ Site Scan software for drones compatible with DJI’s drones. This venture will help in providing consumers the best that both the organizations can offer.

Segmentation:

By Drone Type

• Rotary Blade Drones
• Multi-Rotor Drones
• Single Rotor Drones
• Fixed Wing Drones
• Hybrid Drones
• Others

By Offering

• Software & Services
• Hardware

By Application

• Government & Defense
• Agriculture & Environmental
• Energy
• Media & Entertainment
• Construction & Archaeology
• Others

By Geography

• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa

Competitive Analysis: Global Commercial Drones Market

Global commercial drones market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of commercial drones market for global, Europe, North America, Asia-Pacific and South America.

Major Market Competitors/Players: Global Commercial Drones Market

3D Robotics; DJI; Aeryon Labs Inc.; Parrot Drones SAS; Aurora Flight Sciences; Denel SOC Ltd; Draganfly Innovations Inc.; Northrop Grumman Corporation; Lockheed Martin Corporation; Elbit Systems Ltd.; General Dynamics Corporation; AeroVironment, Inc.; Leptron Unmanned Aircraft Systems, Inc.; PrecisionHawk; YUNEEC; Trimble Inc.; INSITU; senseFly; Xiaomi; Sentera, Inc.; AiRXOS, a GE venture; QUADROCOPTER; Identified Technologies are few of the major competitors currently present in the market.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints

• Key market players involved in this industry

• Detailed analysis of the market segmentation

• Competitive analysis of the key players involved

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