Press release
Commercial Drones Market Is Expected To Reaching Nearly USD 21.69 Billion By 2030 | CAGR of 23.7%
Commercial Drones Market
The global commercial drones market is expanding rapidly due to robust demand for location-derived services involving e-commerce sector, shopping applications, and food delivery, technological advancements in products and ample growth rate of the drone sector. However, a rise in security and privacy concerns hamper market growth to some extent. On the contrary, increased application sectors for GIS, LiDAR, mapping services, and others will provide prolific growth opportunities in the upcoming future.
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Technologically advanced products and promising growth rate of the drone market are expected to drive the commercial drones market during the forecast period. However, privacy and security concerns are anticipated to hamper the growth of the market. Moreover, increased application areas for GIS, LiDAR, mapping services, and others are expected to offer lucrative opportunities for the market in future.
COVID-19 Impact Analysis
The COVID-19 impact on the commercial drones market is unpredictable, and is expected to remain in force for a few years.
The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of raw materials items for most of 2020 & few months in 2021. This led to sudden fall in the availability of important raw materials for manufacturing commercial drones.
Moreover, nationwide lockdown forced drone manufacturing facilities to partially or completely shut their operations.
Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of advanced commercial drones globally.
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As per the regional analysis, the APAC region would cite the fastest growth with 25.8% CAGR from 2021 to 2030, due to the increase in demand for commercial drones across numerous countries in the region. On the other hand, North America garnered the major share of nearly two-fifths of the total market revenue in 2020. The reason behind this substantial growth is extensive utilization of commercial drones in several applications across the region.
Key players profiled in the report:
Leptron Unmanned Aircraft Systems, Inc.
Parrot SA
DJI Technology Co., Ltd.
Aeryon Labs Inc.
SKYDIO
Yuneec International Co. Ltd.
Insitu Inc.
Delair
AeroVironment, Inc.
PrecisionHawk Inc.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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