Commercial Drone Market Emerging Trends To 2024 | Parrot, DJI, 3D Robotics, Yuneec International, AeroVironment, PrecisionHawk, Bae Systems

Commercial drone market, of late, has been witnessing an inflection point. While investment is soaring, companies are trying out their hands on untested applications. Air Taxis, for instance, is one such application vertical that have created a buzz in the business space lately. Renowned sports car manufacturer Porsche, has recently declared its plan of developing air taxi, in a bid to compete with other drone maker rivals like Uber, Volocopter, Airbus, etc. While most of the operations in the vehicle would be automated, the passengers, reportedly would also have some control on the flying machine. It now remains to be seen how this breakthrough project leaves an impact in commercial drone industry, once the full-fledged architecture come onboard.

Over the recent years, 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

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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

Inherently influenced by the opportunistic wave, the strategic landscape of the business space has been experiencing hefty investment projects via M&A activities. ADIF's recent declaration of significant funding in Aerodyne's drone technology can be symptomatic evidence of the same. Though the total sum has not yet been revealed, the venture capital fund formed by Axiata Group has reportedly poured close to double digit million in the globally acclaimed drone solution provider. Allegedly, through this alliance with Axiata, Aerodyne Group is planning to establish itself as a forerunner in the global commercial drone market.

Although initially conceived as a sophisticated military tool, commercial drone market has successfully empowered its stance in the corporate world over time. This is quite evident from the increasing investment capital pouring into the business space lately. Estimates depict, in 2016, UAV market witnessed almost 105 deals, resulting in a total valuation of USD 541 million. In the same year, global shipments of commercial drones surpassed 100 thousand units.

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