Press release
Smart Commercial Drone Market 2019 To Grow at 79.63% CAGR with Trending Key Players- PrecisionHawk, DJI, Parrot Drones, 3D Robotics, Elbit Systems, IAI, HUVRData, Ascending Technologies, XAIRCRAFT Tech, Zero UAV, Intelligence Technology, AeroVironment and
Smart Commercial Drone Market
Smart Commercial Drone Market is Estimated to Register a CAGR of 79.63% Over 2024
Get a FREE Sample with Complete TOC @ https://www.marketresearchfuture.com/sample_request/7988
Market Highlights
The growth of the global smart commercial drone market can be attributed to the increasing adoption of 3D printing for manufacturing drone parts and the rising use of smart drone cameras in the oil & gas, agriculture and forestry, and construction industries. However, stringent government regulations regarding drone use and the limited flight range are factors that are expected to hinder the market growth. For example, in the US, a commercial remote pilot certificate from the Federal Aviation Administration (FAA) is required to fly drones for commercial purposes.
Intended Audience
• Drone manufacturers
• Information technology companies
• Law enforcement agencies
• Defense organizations
• Government authorities
• Defense companies
• Research institutes
• Regulatory bodies
The global smart commercial drone market has been segmented based on type, application, component, and region.
On the basis of type, the global smart commercial drone market has been divided into fixed-wing, multi-rotor, and others. The fixed-wing segment is expected to account for the largest market share and register the highest CAGR during the forecast period of 2019 to 2024. The fixed-wing drones offer high endurance, long flight range, low cost, and customization, which is driving the growth of this segment.
Based on component, the global smart commercial drone market has been classified as payload, guidance, navigation and control, and propulsion system. The payload segment dominated the market in 2018 and is expected to register the highest CAGR during the forecast period. Payload segment comprises of components which can be changed according to the commercial drone application. The rising utilization of smart commercial drones in law enforcement, disaster management, entertainment, media, and mapping, and networking for remote areas is propelling the growth of this segment.
By application, the global smart commercial drone market has been categorized as delivery drones, agriculture monitoring, oil & gas, law enforcement, disaster management, entertainment, media, and mapping, networking for remote areas, environmental drones, real estate and construction, and others. The delivery drones segment dominated the market in 2018 and is expected to be the fastest-growing during the forecast period. These delivery drones are expected to be better for the environment since they do not emit carbon dioxide into the air. Drones are ecofriendly and more efficient as compared to road transport. Companies such as United Parcel Service and FedEx Corporation are using delivery drones to improve their operational efficiency. Additionally, the drones are compatible with smartphones, which enable users to receive real-time data on their phones.
Based on region, the global smart commercial drone market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The North American market accounted for the largest market share in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period. The presence of various drone manufacturers such as DJI in China is propelling market growth in the region. Additionally, the rising number of smart commercial drone partnerships in developing nations is boosting the market growth. For example, in 2018, DJI and Microsoft Corp. announced a strategic partnership to bring advanced AI and machine learning capabilities to DJI drones, helping the businesses to harness the power of commercial drone technology and edge cloud computing.
Key Players
The key players in the global smart commercial drones market are 3D Robotics, Inc. (US), Elbit Systems Ltd (Israel), Israel Aerospace Industries (Israel), HUVRData, LLC (US), PrecisionHawk, Inc. (US), DJI (China), Parrot Drones SAS (France), Ascending Technologies GmbH (Germany), XAIRCRAFT Technology Co. Ltd (China), Zero UAV (China), Intelligence Technology Co. Ltd (US), AeroVironment, Inc. (US), Yamaha Motor Company Limited (Japan), and Draganfly Innovations Inc. (Canada).
Get More Information on Report @ https://www.marketresearchfuture.com/reports/smart-commercial-drone-market-7988
Key Insights
• Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
• Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America along with key countries in each region
• Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
• Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
• Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
• Regional attractiveness and related growth opportunities
Market Research Future
Office No. 524/528
Amanora Chambers
Magarpatta Road
Hadapsar
Pune -411028
Maharashtra, India
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Commercial Drone Market 2019 To Grow at 79.63% CAGR with Trending Key Players- PrecisionHawk, DJI, Parrot Drones, 3D Robotics, Elbit Systems, IAI, HUVRData, Ascending Technologies, XAIRCRAFT Tech, Zero UAV, Intelligence Technology, AeroVironment and here
News-ID: 1814140 • Views: …
More Releases from Market Research Future
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years.
Market Overview and Size
The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in…
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends.
Get Sample @ https://www.marketresearchfuture.com/sample_request/41217
Market Size and Growth
The global washable…
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and…
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview:
The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical…
More Releases for Drone
Qinux Drone K8 Reviews 2024: Is Qinux Drone K8 The Best Drone? Everything You Ne …
Qinux Drone K8 Reviews 2024: Is Qinux Drone K8 The Best Drone? Everything You Need To Know About Qinux Drone K8 Drone.
In the ever-evolving landscape of drone technology, the Qinux Drone K8 has emerged as a groundbreaking success, holding the prestigious title of the best-selling drone in the UK and some parts of the world. The enduring allure of this aerial marvel has left many in awe, drawing attention from…
Qinux Drone K8 Reviews USA 2024: Is Qinux Drone K8 Any Good? Consumer Reports Ab …
Qinux Drone K8 Reviews USA 2024: Is Qinux Drone K8 Any Good? Consumer Reports About Qinux Drone K8 Drone.
The Qinux Drone K8 has swiftly risen to prominence as a revolutionary force in the drone industry, capturing the title of best-selling drone not only in the USA but also gaining widespread acclaim in various global markets. (Click here to buy your Qinux Drone K8 now on the official website https://bit.ly/Click-Here-To-Buy-QinuxDroneK8-At-Discounted-Price)
This…
Qinux Drone K8 Reviews UK: Is Qinux Drone K8 The Best Drone in the UK? All You N …
Qinux Drone K8 Reviews UK: Is Qinux Drone K8 The Best Drone in the UK? All You Need To Know About Qinux Drone K8 Drone.
In the ever-evolving landscape of drone technology, the Qinux Drone K8 has emerged as a groundbreaking success, holding the prestigious title of the best-selling drone in the UK. The enduring allure of this aerial marvel has left many in awe, drawing attention from enthusiasts and individuals…
Skyline X Drone - Legit Foldable Drone
Visit Official Website Here >> https://bit.ly/3IjfkCq
The Skyline X Drone is a compact and efficient quad copter with a modern design, made for users who love capturing beautiful, spectacular, wide angled, high-definition aerial photographs and videos.
Contrary to common beliefs and opinions of portable drones being just toys, the Skyline X drone has numerous great features that the user can greatly benefit from, and this puts it far apart from toy views.
Get…
QuadAir Drone - Best Affordable Drone of 2021
QuadAir Drone is a precision engineered drone which is specifically designed for easy flying, making it perfect to fly inside or to record action shots whilst on the move.
Get Exclusive Discount on QuadAir Drone >> https://bit.ly/2YwTw3H
About QuadAir Drone
A marvel of engineering and design, the QuadAir Drone Pro was built to go wherever you travel. Inheriting the best of the QuadAir Drone series, this ultraportable and foldable drone features…
Quadair Drone review;The latest Drone
QUADAIR DRONE REVIEW 2021; IS THIS LATEST DRONE WHAT YOU ACTUALLY NEED?
Quadair Drone review; It is so amazing how the world keeps unfolding with many technologies. Though this has all been proved decades back in paperwork, the practical aspect will never cease to be a wonder scientists keep proving their worth.
To say that unmanned aerial vehicles popularly known as drones keep advancing from what was majorly used by the…
