openPR Logo
Press release

Commercial Drones Market: Increasing Application in Precision Agriculture and Surveillance to Fuel Demand

10-23-2017 02:22 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Commercial Drones Market: Increasing Application in Precision

The global market for commercial drones is highly consolidated as the two leading players, namely Parrot S.A. and DJI cumulatively accounted for over 75% of the overall market in the year 2016. Among these, DJI held the lead on the back of its large global network and product innovations. Transparency Market Research (TMR) has observed that various companies operating in this market are constantly improving the technological aspects of their products to provide highly functional drones to their consumers. Other prominent players include Northrop Grumman Corporation, Draganfly, Denel SOC Ltd., and Aurora Flight. These players are focusing on improving landing capabilities and high image capturing abilities of drones.

Transparency Market Research has estimated that the market value of the global commercial drones market will reach US$8.89 bn by the end of 2025 from its valuation of US$2.8 bn in 2016. The market is anticipated to expand at an impressive CAGR of 13.8% for the forecast period 2015-2023.


Get Full Report Description @
https://www.transparencymarketresearch.com/commercial-drones-market.html

Based on type, the global commercial drones market can be segmented into hybrid, fixed wing, single rotor, multi-rotor, and others. Among these, the multi-rotor segment contributed the major share, accounting over 33.2% in 2016 in the overall market. Regionally, the global market is segmented into the Middle East and Africa, Asia Pacific, Europe, Latin America, and North America. Of these, the North America market held the leading share in the market contributing 35% to the global market in 2016.

Integration of AR and VR offers Significant Growth Opportunities

The increasing use of commercial drones in surveillance applications, precision agriculture, and aerial photography is enabling growth in the global commercial drones market. Videos and images captured by advanced drones provide high resolution and enhanced image quality, which is increasing their applications across various industries. Furthermore, with technological advancements high image and video format supporting TV and smartphones have come into emergence. Consumers of these devices demand high quality pictures, which can be captured by drones. This demand for high quality images are motivating players to manufacture drones with capabilities of recording high quality videos and images, with improved handling properties. The increasing competition and numerous products available are expected to reduce the product costs, further helping the market to expand.

Download Table Of Content @
https://www.transparencymarketresearch.com/report-toc/4778

Furthermore, the integration of augmented realty (AR) and virtual reality (VR) into commercial drones is offering various opportunities for the market growth. Companies are reducing human errors pertained to site design and area inspection. These are also being used for various educational purposes, to find data of unreachable natural sites. Countries such as the U.S., are expected to augment the usage of drones in various fields such as defense, industrial, and infrastructure.

Request For Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4778

Increasing Privacy Concerns Could Impede Market Growth

The rising number of flying drones is raising privacy concerns among many consumers. The drones can capture private activities, this has restricted the use of drones at several areas. Governments are regulating various rules for the usage of drones. Furthermore, the increasing number of spying by drones are motivating various regulatory bodies to implement strict laws against the unauthorized usage of these flying machines. These factors could impede the market growth. Nonetheless, the rising adoption of drones in developing countries is most likely to assist the market sustain its growth. During the forecast period, applications of drones for transportation and delivery are expected to fuel the market growth. They are most likely to be used for delivering small packages and couriers such as beverages, medicines, letters, and pizzas over short distances.

About Us

Transparency Market Research (TMR) is a 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. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Commercial Drones Market: Increasing Application in Precision Agriculture and Surveillance to Fuel Demand here

News-ID: 781731 • Views: 142

More Releases from Transparency Market Research

Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The

All 5 Releases


More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the