Commercial Drones Market Prime Factors, Competitive Outlook Analysis and Forecast To 2031

The global commercial drones market size was US$ 3.36 billion in 2021. The global commercial drones market size is forecast to reach US$ 22 billion by 2030, growing at a compound annual growth rate (CAGR) of 23.8% during the forecast period from 2022 to 2030.

Drones are aircraft that can operate remotely from the ground using an embedded program or can fly autonomously with the help of a computer program.

Commercial drones are unmanned aerial vehicles designed for commercial purposes, including risk mitigation, resource planning, research & excavation, urban planning, engineering, farming management, tourism, aerial imaging, LiDAR applications, cargo management, weather monitoring, traffic control, green mapping, and other applications. In addition to agriculture and the environment, media & entertainment, energy, government, and others use these applications as business solutions.

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Factors Influencing Market GrowthThe development of location-based services such as e-commerce companies, food delivery services, shopping apps, tourism websites, social networking apps, and so forth is forecast to boost the global market growth.

Satellite imagery as a substitute option and stringent government regulations relating to national security may slow down the global market growth.

Technological advancements such as motion sensors, temperature sensors, 3D mapping software, drones, and others have substantially increased the global market growth opportunities.

Impact Analysis of COVID-19

Globally, the rapid spread of COVID-19 has significantly impacted the global commercial drone market. It is due to the adoption of strict lockdown measures around the world.

The COVID-19 pandemic posed several challenges for the commercial drone industry, including disruptions in the supply chain of raw materials and logistics challenges. In contrast, commercial drones technology manufacturers had to cut expansion and R&D investments to cope with declining revenue and operating performance. Thus, the COVID-19 pandemic had negatively impacted the global market growth.

Regional Insights

North America accounts for the majority of market revenue. Globally, the U.S. captured the leading share of the commercial drone market in North America in 2021. Due to the increase in R&D activities, technological developments by key players, and rapid adoption of innovative technologies, commercial drones are more precise, accurate, and efficient.

Asia-Pacific is forecast to experience significant growth during the forecast period. The adoption of commercial drones is on the increase across several Asian nations, such as China, India, Japan, and South Korea.

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Leading Competitors

The leading prominent companies profiled in the global commercial drone market are:

AeroVironment, Incorporated
Aeryon Labs Incorporated
Delair
DJI Technology Co., Limited
Insitu Inc.
Leptron Unmanned Aircraft Systems, Incorporated
Parrot SA
PrecisionHawk Incorporated
SKYDIO
Yuneec International Co. Limited
Other Prominent Players

Scope of the Report

The global commercial drones market segmentation focuses on Type, Mode of Operation, Application, and Region.

Segmentation based on Type

Fixed Wing
Rotary
Hybrid

Segmentation based on Mode of Operation

Remotely Operated
Semi-Autonomous
Autonomous

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Segmentation based on Application

Agriculture and Environment
Media and Entertainment
Energy
Government
Construction
Others

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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