Commercial Drones Market Will Reach at a Highest CAGR of 20% in 2019-2026 With Parrot, Aurora Flight Sciences Corporation, Denel, Northrop Grumman, Lockheed Martin, Elbit Systems Ltd, General Dynamics, AeroVironment

The Commercial Drones Market research report is a champion among the most rising and astoundingly endorsed divisions. This overall market has been creating at a higher pace with the improvement of innovative structures and a creating end-customer propensity. This report gives an examination of various segments that are relied on to watch the speediest progression subject to the approximated gauge outline. Granular market information can empower clients to take gainful business decisions and the proportionate is outfitted with this Commercial Drones Market report. The report additionally makes an unmistakable image of the different elements that will drive the worldwide Commercial Drones Market in the years to come.

The Commercial Drones Market report makes the investigations and figures increasingly precise and encourages experts to inspect the market from a more extensive viewpoint.

So as to help organizations spot potential dangers and to give them an unmistakable image of the open doors that exist in the Commercial Drones Market, the report offers a SWOT analysis of the worldwide market. The most recent advancements in the business were including while forming this Commercial Drones Market report to foresee future market scenario. The report additionally characterizes different promoting directs that are across the board in the market and gives data about fundamental wholesalers who work in the market.

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Major Market Competitors/Players:

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.

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 Content:

Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Commercial Drones Market Landscape
Part 04: Global Commercial Drones Market Sizing
Part 05: Global Commercial Drones Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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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

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.

Competitive Analysis:

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.

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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