Commercial Drone Market 2020 - Emerging Trends & Competitive Analysis Report: Parrot, Bae Systems, DJI, DroneDeploy, Intel Corporation, Xiaomi

The commercial drone market has garnered immense popularity owing to the substantial increase in civil applications of unmanned aerial vehicles. It is quite a well-known fact that the commercial utilization of unmanned aerial vehicles has been steadily rising since the early 1980s. However, a significant increase in investments and the relaxation of some regulatory norms across the globe have opened up an array of practical applications of drones across numerous business domains.

The United States is claimed to hold a commendable proportion of authority in terms of commercial growth prospects. According to reliable estimates- valuation of regional drone activity has risen from USD 40 million to USD 1 billion over 2012-2017. By 2026, experts believe, U.S. commercial drone activity both from consumer as well as corporate applications, would witness an annual impact of USD 30 billion to USD 45 billion.

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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

The technological advancements in drones have made it easier to formulate a comprehensive 3D map for soil analysis which can aid farmers to seamlessly analyze seed planting patterns. Apparently, the aforementioned benefits of deploying drones in the agricultural sector have impelled the growth potential of commercial drone market.

Elaborating further, it has been observed that numerous leading commercial drone market participants have been forming robust alliances with government institutions to tap into the steadily evolving agricultural drones space. Citing an instance to highlight this trend, Parrot Drones has recently announced a share-cost initiative with the Technical Centre for Agriculture and Rural Cooperation (CTA) to use drones in the agriculture sector of the sub-Saharan African region

The Trump administration has recently installed a program for expansion of drone testing, allowing UAVs to fly over people at nighttime or beyond the visual line of sight (VLOS). It is perhaps the latest scoop that is grabbing most of the headlines in U.S. commercial drone marketplace, amidst the strict regulations regarding VLOS. Reportedly, the program comes on the heels of the country's long-standing plan of integrating UAVs in the regional airspace sector for testing and detection. The White House hasn't yet disclosed any clear timeline for these advancements, nor did it include any new regulations. These kinds of proactiveness on the regional governmental front is sure to impel unmanned aerial vehicle industry share over the coming years. For the record, the program is still subject to Federal Aviation Administration (FAA) approval.

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