Commercial Drones Market Report Examines Analysis by Latest Trends, Growth Factors, Key Players and Forecast to 2028 | AeroVironment, Inc., SZ DJI Technology Co., Ltd., Leptron Unmanned Aircraft Systems, Inc., PrecisionHawk Inc, Xiaomi Inc., General Elect

The Commercial Drones Market report highlights market opportunities and competitive scenarios for commercial drones on a regional and global basis. Market size estimation and forecasts have been provided based on a unique research design customized to the dynamics of the commercial drones market.

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One of the key factors driving their demand in commercial sectors is the fact that UAVs have the ability to perform hazardous tasks, such as inspecting utility pipelines, with higher precision and cost-effectiveness as compared to the conventional methods. Newer drone-supportive regulations by government bodies worldwide are expected to lower the entry barriers for new startups and innovators providing commercial operations of UAVs. Leading technology giants have demonstrated utilization of UAVs in delivering goods from the warehouse to the customer. The introduction of commercial drone delivery services is expected to foster various innovative forms of cargo transportation capabilities such as transport of temperature sensitive commodities and emergency medicines.

The commercial drone/UAV market growth is owing to rising adoption of drone technology in industrial verticals including agriculture, mining, and construction. For instance, in the agricultural sector, drones are widely used for monitoring farmlands to enable farmers to respond quickly to threats such as drought and pests. Precision technology is gaining popularity in the sector to provide more meaningful insights to farmers and agricultural practitioners so that they can accurately plan and manage their farm operations.

There are many factors that are helping the commercial drone market to flourish. The growing investment in the technology by emerging economies have resulted in stable flight platform which is a pre-requisite for aerial photography. These investments have also given rise to collision avoidance system for easy maneuverability in the cities. This factor is expected to be amongst the major factors driving the market.

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Regional Outlook:

Historic back-drop for the commercial drones market has been analyzed according to organic and inorganic developments to provide precise market size estimations. Also, key factors impacting the growth of the commercial drones market have been identified with potential gravity. Major regions covered in the study include North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World.
North America accounted for the largest market share in terms of revenue and is anticipated to continue leading over the next six years owing to favorable government initiatives regarding the advancement in drone technology coupled with the growing demand from businesses for drone-acquired data.

Major Market Players:

AeroVironment, Inc., SZ DJI Technology Co., Ltd., Parrot SA, 3D Robotics, Inc., Leptron Unmanned Aircraft Systems, Inc., PrecisionHawk Inc, Yuneec International Co. Ltd., Aeryon Labs Inc., senseFly, Dragany Innovations, Xiaomi Inc., Sentera, LLC, General Electric Co., Quadrocopter, Identified Technologies, and others.

Market Segmentation:

By Type:
o Fixed Wing Drones
o Rotary Bade Drones
o Hybrid Drones Segment

By Application:
o Agriculture and Environment
o Media and Entertainment
o Energy
o Government
o Construction & Archaeology

By Region:

North America
o North America, by Country
US
Canada
Mexico
o North America, by Type
o North America, by Application

Western Europe
o Western Europe, by Country
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Western Europe
o Western Europe, by Type
o Western Europe, by Application

Asia Pacific
o Asia Pacific, by Country
China
India
Japan
South Korea
Australia
Indonesia
Rest of Asia Pacific
o Asia Pacific, by Type
o Asia Pacific, by Application

Eastern Europe
o Eastern Europe, by Country
Russia
Turkey
Rest of Eastern Europe
o Eastern Europe, by Type
o Eastern Europe, by Application

Middle East
o Middle East, by Country
UAE
Saudi Arabia
Qatar
Iran
Rest of Middle East
o Middle East, by Type
o Middle East, by Application

Rest of the World
o Rest of the World, by Country
South America
Africa
o Rest of the World, by Type
o Rest of the World, by Application

Reasons to Buy This Report:

o It provides niche insights for a decision about every possible segment helping in the strategic decision-making process.
o Market size estimation of the commercial drones market on a regional and global basis.
o A unique research design for market size estimation and forecast.
o Identification of major companies operating in the market with related developments
o Exhaustive scope to cover all the possible segments helping every stakeholder in the commercial drones market.

Customization:

This study is customized to meet your specific requirements:

o By Segment
o By Sub-segment
o By Region/Country
o Product Specific Competitive Analysis

Contact:
Quince Market Insights
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Pune, Maharashtra 411028
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Email: sales@quincemarketinsights.com
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This release was published on openPR.