Press release
Smart Commercial Drones Market was valued at $ 985.61 Billion in 2028, growing at a CAGR of 79.8% during the forecast period 2021-2028
Smart Commercial Drones Market | size
Smart commercial drones are technologically advanced and have features such as audio and video recording facilities. High Definition (HD) cameras and sensors as well as range of drone cameras visibility has improved, which is resulting in rapid adoption of these aircraft across various industries and sectors. Some of these include chemicals, media and entertainment, building and construction, agriculture, search and rescue, law and order, sports events, and others.
Key Smart Commercial Drones Market participants include AeroVironment, Inc., Da-Jiang Innovations (DJI), Parrot Drone SAS, 3D Robotics (3DR), Elbit Systems Ltd., HUVRData, LLC, XAIRCRAFT Technology Co., Ltd., Yamaha Motor Co., Ltd., DraganFly Innovations Inc., and PrecisionHawk, Inc.
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The coronavirus outbreak has led to drastic changes in the current Smart Commercial Drones Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market's post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Smart Commercial Drones Market growth assessed on both regional and global levels.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key inclusions of the Smart Commercial Drones Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
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Some Key Highlights from the Report :
The fixed-winged segment accounted for a significantly large revenue share in 2020 due to increasing adoption of drones for aerial surveillance and monitoring. Beside aerial monitoring of COVID-19 affected areas, rising cross-border tensions are resulting in defense spending being allocated for security and surveillance of border areas and sensitive areas between borders, and demand for fixed-winged smart drones has been increasing owing to suitability of this type due to longer fly time at higher altitude and capability to carry more weight that other drone types.
The delivery & logistics segment accounted for a significantly large revenue share in 2020 due to rising demand for different smart commercial drones in the logistics and transportation sector. Technological advancements and development of smarter features have led to increasing use of drones for various applications in the transportation sector, and the trend is expected to continue over the forecast period.
The payload segment accounted for the largest revenue share in 2020 due to increasing use of smart and technologically advanced drones in the transportation and logistics sector for carrying goods to areas affected by disaster.
Emergen Research has segmented the global smart commercial drones market on the basis of type, component, application, end use, and region:
Type Outlook (Revenue, USD Million, 2018-2028)
Fixed-Wing
Multi-Rotor
Helicopters
Others
Component (Revenue, USD Million, 2018-2028)
Payload
Guidance, Navigation & Control
Propulsion System
Application Outlook (Revenue, USD Million, 2018-2028)
Delivery & Logistics
Agriculture Monitoring
Security & Law Enforcement
Disaster Management
Mapping
Film Making
Networking for Remote Areas
Environmental Drones
Others
End Use Outlook (Revenue, USD Million, 2018-2028)
Transport & Logistics
Agriculture
Oil & Gas
Entertainment & Media
Real Estate & Construction
Others
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
United States
Europe
China
Japan
Southeast Asia
India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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Some of the key questions answered in this report:
What is the size of the overall Smart Commercial Drones Market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities and challenges of the Smart Commercial Drones Market and how they are expected to impact the market?
What are the attractive investment opportunities within the Smart Commercial Drones Market ?
What is the Smart Commercial Drones Market size at the regional and country-level?
Who are the key market players and their key competitors?
What are the strategies for growth adopted by the key players in Smart Commercial Drones Market ?
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