The global commercial drones market has witnessed a substantial growth in recent years. The rise in the application areas of drones majorly in precision agriculture and law-enforcement, favourable government policies and regulations as well as increased technological advancements are the key factors fuelling the growth of commercial drone’s market. Apart from this, the developing economies are increasingly adopting drones for military applications which will help the market to grow at a substantial rate during the forecast period.
The rotary blade segment is expected to grow at the highest rate during the forecast period owing to the increased usage of both multi and single rotor drones in various end-use applications such as mapping, surveying and photography, inspection and monitoring, among others. On the basis of application, agriculture is estimated to grow at a substantial rate during the forecast period due to the rising demand of drones for crop spraying, monitoring, planting, irrigation as well as health assessment.
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North America holds the largest market share in the global commercial drones market in 2016. The rise in applications of drones in major end-use industries and favourable government policies pertaining to the usage of drones are the major factors propelling the growth of the commercial drone’s market in the region. United States accounts for the majority share in the North America commercial drones market. Europe and Asia-Pacific are the most dominant regions in the global commercial drone’s market.
This research report on commercial drone’s market provides in-depth analysis of the global commercial drone’s market based on type, application and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for commercial drone’s market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
The report also profiles the major companies active in this field including SZ Dajiang Innovations Technology Co. Ltd, 3D Robotics Inc., Parrot S.A., PrecisionHawk USA Inc., AeroVironmen Inc., Ascending Technologies GmbH, TRACE Intelligent Systems, BAE Systems PLC, DJI, Textron Inc.
Key questions this research would answer:
- Is the commercial drones market growing? How long will it continue to grow and at what rate?
- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3. What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the commercial drone’s market?
4. Who are the various application areas and how they are poised to grow?
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The global commercial drones market is segmented on the basis of type, application, and geography:
Global Commercial Drones Market by Type
- Rotary Blade Drones
- Fixed Winged Drones
• Hybrid Drones
• Nano Drones
Global Commercial Drones Market by Application
• Surveying & Photography
• Precision Agriculture
• Inspection & Monitoring
• Law Enforcement
• Media & Entertainment
Global Commercial Drones Market by Region
- North America
Global Robotic Lawn Mower Market Competitive Landscape
- Major Players and their Market Share Analysis
• New product launches
• Mergers and acquisitions
• Collaborations, partnerships, agreements and joint venture
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