Press release
Commercial Drones Market : Vast Rise in the Applications ,North America to Maintain Dominance in Global Market
On the other hand, strict government regulations regarding safety and security issues are anticipated to restrict the growth of the global commercial drones market in the next few years. In addition, the lack of effective air traffic management systems and the lack of skilled pilots are expected to hamper the market’s growth. Nonetheless, the rising focus of key players on widening their product portfolio and expanding their application base is estimated to offer promising growth opportunities throughout the forecast period.
On the basis of product type, the global commercial drones market has been classified into fixed wing drone, hybrid drone, rotary blade drone, nano drone, and others. On the basis of technology, the market has been categorized into energy and propulsion systems, collision avoidance systems, radio frequency spectrum capacity, on-board data processing, cyber-security and jamming, communication data links, and automation systems. Key applications of commercial drones include infrastructure, energy and power manufacturing, agriculture, media and entertainment, law enforcement, and scientific research.
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From a geographical viewpoint, North America is expected to lead the global commercial drones market and account for a key share in the forecast period. The growing demand for commercial drones in diverse applications and the increasing rate of production are some of the primary factors estimated to augment the commercial drone market in the coming years. On the other hand, Europe and Asia Pacific are projected to witness substantial growth, thanks to favorable government initiatives and the rising demand in the agricultural sector.
Some of the prominent players operating in the global commercial drones market are 3D Robotics, Drone Deploy, Trimble Uas, Precision Hawk, Sensefly, Elbit Systems, Bae Systems Plc, Aeronautics Ltd., Thales Sa, Boeing Corporation, Textron Inc., Denel Soc Ltd., Aerovironment Inc, Northrop Grumman Corporation, Aurora Flight Sciences, Safran Sa, Airware Inc. DJI, and Hoovy Llc. To provide a clear understanding of the market, detailed profiles of these players have been included in the research report.
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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