Press release
Commercial Drone Market is Forecasted to Reach US$ 17.7 billion in 2032, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global commercial drone market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2588/Commercial-Drone-Market.html#form
Report Highlights:
Market Size in 2032: US$ 17.7 billion
Growth (CAGR): 12.3% during 2024-2032
Forecast Period: 2024-2032
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Commercial Drone Market:
The global commercial drone market is segmented based on end-use type, application type, product type, and region.
Based on end-use type - The market is segmented into agriculture, delivery & logistics, media & entertainment, building & construction, general, photography/real estate, energy, insurance, and others. Agriculture is expected to maintain its dominance in the market during the forecast period. Agriculture leads the commercial drone business due to its transformative applications in precision farming, crop monitoring, and resource optimization. Their ability to cover large areas quickly while providing actionable data through multispectral and thermal imaging enhances productivity and sustainability, making them invaluable for modern agriculture.
Based on the application type - The commercial drone market is segmented into filming & photography, inspection & maintenance, mapping & surveying, precision agriculture, surveillance & monitoring, and others. Surveillance & Monitoring is the dominant application type, whereas Precision Agriculture is the fastest-growing application type in the market during the forecast period. Surveillance and monitoring are the most widely used applications in the market, mainly due to their use across industries such as agriculture, building and construction, energy, and insurance. Precision agriculture with drones enhances productivity, promotes sustainable farming practices, and supports better decision-making through detailed and timely data.
Based on the product type - The commercial drone market is segmented into rotary blade drones, fixed-wing drones, and hybrid drones. Rotary blade drones stand tall as the leading product type in the market, reigning throughout the forecast period. Rotary blade drones are the dominant product type in the market due to their versatility, maneuverability, ability to hover, and suitability for diverse applications like surveillance, inspection, and photography.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/2588/Commercial-Drone-Market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is anticipated to maintain its position as the largest market for commercial drones throughout the forecast period. This growth outlook is majorly attributed to the following-
The region is quite vulnerable to high-tension border conflicts and terror threats.
• Asia-Pacific is likely to remain the largest market until 2032. China is the key player in the region and a drone manufacturing hub.
• Key Chinese players are DJI Technology Co., Ltd., JOUAV Automation Tech Co., Ltd, Yuneec International Co. Ltd., Beijing TT Aviation Technology LTD, and others.
• The extensive farmland area in Asia-Pacific creates the need for precision agriculture, which is another major reason for Asia-Pacific's market dominance.
Commercial Drone Market Drivers:
Some of the key drivers listed in the report are given below.
Key factors driving this growth include increasing venture capital investments in drone startups and collaborations between companies to advance drone technologies. Innovations like AI-powered autonomy, longer battery life, advanced sensors like LiDAR, and 5G connectivity are expanding drones' capabilities. Additionally, the rise of global e-commerce and the benefits of drones in agriculture, such as efficient spraying and monitoring, further fuel market demand.
Top Companies in the Commercial Drone Market:
Stratview Research has identified the following companies as the top market players.
• DJI Technology Co., Ltd.
• Yuneec International
• Parrot Drone SAS
• Skydio Inc.
• AeroVironment, Inc.
• Draganfly Innovations Inc
• AgEagle Aerial Systems Inc
• JOUAV Automation Tech Co., Ltd
• Teal Drones, Inc.
• Ehang Holdings Limited
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Commercial Drone Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Precision Agriculture Market: https://www.stratviewresearch.com/2690/precision-agriculture-market.html
• Drone Analytics Market: https://www.stratviewresearch.com/729/drone-analytics-market.html
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Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
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Call Us: +13133074176
About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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