Commercial Drone Market: Overview
A drone refers to an
unpiloted aircraft, space, unmanned aerial vehicle, "or UAV. Drones are
used for military applications because they do not place a pilot's life at risk
in combat areas. The commercial use of the drone is known as a commercial
drone. Drones fly with several propellers mounted on arms extending from the
middle. You can use a proprietary controller or a smartphone app to fly drones.
To achieve autonomous flight or pre-programmed flight plans, UAVs operated with
a computer. To improve maneuverability while flying and reduce the weight, a
drone made of various light composite materials. Commercial drone fitted with a
range of additional devices, including cameras, GPS-guided missiles, Global
Positioning Systems (GPS), navigation systems, sensors, etc.
Commercial Drone Market Forecast and Trends
The global market for
Commercial Drone anticipated expanding at a 23.6% CAGR to reach US$ Billion by
2026. Due to the increasing demand for improved information to enable better
and more practical insights into results. The fact that UAVs can perform
dangerous tasks, such as inspecting utility pipelines, with greater precision
and price-effectiveness compared to traditional methods, is one of the key
factors driving their demand in commercial sectors. Leading technology pioneers
have illustrated the use of UAVs to deliver goods to the customer from the
factory. Emerging economies would offer growth and expansion opportunities.
Drone hardware and software vendors ' rising ecosystem is already catering for
the significant farming, electricity, land management, real estate, etc.
markets. Are not only small private companies or start-ups interested in using
commercial drones, but large companies and industries often invest in
commercial drone technology.
Camera digitization and
technological advances, drone features, mapping software, multidimensional
imaging, and sensitive applications are expected to drive the growth of the
demand for commercial drones during the forecast period. Persistent technology
advances and the introduction of technologically advanced devices, including
such Elbit Systems Ltd.'s multi-spectral electro-optic system; and Israel
Aerospace Industries Ltd.'s M-19HD, introduced by players in the industry, have
increased drone market demand in recent years.
Imagery as a Substitute
Satellite imagery used to be
a costly proposition, but now businesses are focusing on developing advanced
technological, strong-precision, and cost-effective imaging solutions. In
contrast, as opposed to aerial imagery, satellite services have no regulatory
hurdles, negatively affecting the share of the market of commercial drones
during the forecast period.
and Security Concerns
Privacy issues and
legislation on national security are projected to impact the market negatively
in the coming years. In civilian areas, aerial services sometimes enable
filming and photography, something that affects people's privacy. Many
Asia-Pacific and Middle East countries do not have clear guidelines for aerial
imaging and mapping services.
Rising adoption of satellite
service (LBS) adoption and increasing the use of satellite imagery in different
sectors propel the market growth of the global market for commercial satellite
imagery. The increase in context-conscious applications is expected to hinder
the growth of commercial drones on the global market during the forecast
Commercial Drone Market: Type
The commercial drone market
segmented into Fixed Wing Drones, Nano Drones, Rotary Bade Drones and Hybrid
Drones based on size. Amid the class of fixed-wing drones, market growth with a
significant growth rate expected. Fixed-wing drones usually preferred
activities such as topographical surveys, aerial mapping, and terrain modeling
in more substantial areas because of their long-term flying ability at high
altitudes. Followed by fixed-wing drones, over the forecast period, the hybrid
drones segment is expected to contribute significantly to the global market as
they can provide increased range, power, and payload size relative to their battery-powered
Commercial Drone Market: Application
Market segmented in
Agriculture and Environment, Media and Entertainment, Energy, Government,
Construction & Archaeology, as well as others based on commercial drone
applications. During various phases of disaster management, commercial drones
prove to be quite beneficial as they support search and recuse teams to find
disaster-affected areas and assist during disaster response. The increasing use
of drones in the real estate and construction industry has resulted in a
significant transformation of the industry's traditional business processes.
Increasing demand for the production of advanced farming techniques is expected
to drive the agricultural sector's market for commercial drones throughout the
Commercial Drone Market: Regional insights
North America expected to be
the largest market share in revenue in 2019 and anticipated to witness market
growth in the forecast period as a result of favorable government programs to
promote drone technology coupled with increased competition for drone-acquired
data from businesses. In the forecast period, Asia Pacific anticipated
contributing to the global market. Emerging economies like China and Japan are
rapidly adopting automation and advanced technology across a wide range of
industries to combat rising labor costs. Companies operating on the regional
market are exploring new ways of changing their traditional business operations
by taking advantage of drones ' benefits.
objective of the Study:
To analyze and forecast the global Commercial
Drone market size of the market in terms of value.
To examine the careful market segmentation
and forecast the market size, in terms value, based on the region by segmenting
the Global Commercial Drone market into five regions, namely, North America,
Europe, Asia Pacific, Middle East, South America, and their leading countries.
To outline, categorized, and forecast the
global Commercial Drone market based on the type and application.
· To examine competitive developments like
technological advancement, services, and regulative framework within the global
Commercial Drone Market.
· To highlight the impact analysis of the
factors affecting the market dynamics such as drivers, restraints,
opportunities, and challenges.
· To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.
of the Report
Fixed Wing Drones
Rotary Bade Drones
By Mode of Application
Inspection & Monitoring
Remote Sensing & Mapping
Wildlife Research & Preservation
Asia Pacific (APAC)
Middle East & Africa
The Boeing Company
Lockheed Martin Corporation
Israel Aerospace Industries
Prox Dynamics AS
Turkish Aerospace Industries Inc
Other Prominent Players
Questions Answer by the Report
How will the market drivers, restraints, and
opportunities affect the market dynamics?
What will be the market size in terms of
value and volume and market statistics with a detailed classification?
Which segment dominates the market or region,
and one will be the fastest-growing, and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key
player and their impact on other players.
Scope for the Client
Client satisfaction is our
first and last priority, and that’s why BlueWeave Consulting offers
customization according to Company’s specific needs. The following
customization options are available for the report:
With five additional company detail analysis
Additional country analysis
Detailed segment analysis