Press release
Flying High: A 2024 Market Analysis of the Booming Commercial Drones Industry
As per the report, the commercial drones market size has grown rapidly in recent years. It will grow from $1.95 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The commercial drones market size is expected to see strong growth in the next few years. It will grow to $2.88 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
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Increasing Use Of Commercial Drones In Last-Mile Delivery
Commercial drones are being considered by companies that have last-mile delivery as their main business process. The drones will help reduce the cost per delivery and delivery time, thus increasing profits. Increasing the growth of the commercial drones market. According to a McKinsey report, if companies save 40% of their delivery costs using drones, then they will enjoy a 15%-20% increase in their profit margin and a 15-20% decrease in their product or service prices. For example, in June 2022, Amazon.com, Inc., a US-based web service provider and online retailer, started Prime Air Service in California, the USA. Using drones, Amazon's Prime Air service is expected to deliver packages weighing up to five pounds in less than an hour. Customers in Lockeford, California, and College Station, Texas, will be able to use the service.
Innovations In Drone Leasing
Drone leasing is a better offer for most companies seeking to save on drone-related investments. Many entry-level companies that do not have sufficient financial backing can aid themselves by leasing drone-related solutions rather than purchasing them at full price. For example, Kespry and LiDARUSA are companies that focus on leasing commercial drones to other companies.
The commercial drones market covered in this report is segmented -
1) By Type: Fixed wing drones, Rotary blade drones, Hybrid drones
2) By Technology: Remotely Operated, Semi-Autonomous, Autonomous
3) By Application: Agriculture and environment, Media and entertainment, Energy, Government, Construction & archaeology, Others
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Major companies operating in the commercial drones market include SZ DJI Technology Co. Ltd., Parrot SA, AeroVironment Inc., PrecisionHawk Inc., Draganfly Inc., 3D Robotics Inc., AsTec, XAIRCRAFT Technology Co. Ltd., ZeroTech Robotics, Yamaha Motor Co. Ltd., Lockheed Martin Corporation, Yuneec International Co. Ltd., DroneDeploy Inc., senseFly Ltd., Insitu a Boeing Company, Kespry Inc., LiDARUSA, EHang Holdings Limited, Delair, Nutel Communications Pvt Ltd, CyPhy Works Inc., Aerialtronics (Note: The company is now part of DroneMatrix), GoPro Inc., FLIR Systems Inc., Intel Corporation, Skycatch Inc., Raptor Maps Inc., DroneBase Inc., Cape Analytics Inc., Drone Volt, Cyberhawk Innovations Ltd, Flytrex Aviation Ltd., Volansi Inc., Flirtey, Skyfront, Vaayu Drones
Contents of the report:
1. Executive Summary
2. Commercial Drones Market Report Structure
3. Commercial Drones Market Trends And Strategies
4. Commercial Drones Market - Macro Economic Scenario
5. Commercial Drones Market Size And Growth
…..
27. Commercial Drones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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