Commercial Drones Market: Global Industry Analysis and Forecast (2021-2027)

Commercial Drones Market size was valued at US$ 24.5 Bn. in 2020 and the total revenue is expected to grow at 16.5 % through 2021 to 2027, Commercial Drones Market is reaching nearly US$ 68.3 Bn. by 2027.

Commercial Drones Market Overview:

Drone is also known as Unmanned Aerial Vehicle (UAV) which are basically flying robots controlled by software that includes sensors and GPS. In a war zone, it is commonly utilized by military officials to protect the pilot's life. Drones have recently gained popularity among citizens by conducting commercial activities such as drone-based photography, videography, agricultural, delivery service surveillance, and other tasks. Increasing adoption of smartphones in the aerial and military service drive the demand of Commercial Drones market during the forecast period. Key players are introducing advanced technologies and applications to meet the customers need in Commercial Drones market. Commercial Drone Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2020 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Commercial Drones Market Dynamics:

Technological Advancement – Drones that incorporate advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) have enormous growth potential. Drones equipped with artificial intelligence can better know their environment, precisely map locations, track and monitor the movement of specific objects, and provide exact analytical input. They also give their consumers the capacity to make real-time, data-driven decisions by ensuring that data is captured, processed, and transferred quickly. Users may also collaborate and access footage taken by other drones, as well as track drone flight patterns in real time, with AI-powered drones. AI and machine learning, when combined with predictive learning models, provide for faster data processing and actionable insights. Development of urban air mobility services – By 2020, 56.2 % of the world population would be living in cities. With the expanding urban population, transportation infrastructure must be well-managed in order to allow for mass mobility. As a result, cities all over the globe are exploring for alternative modes of transportation to improve traffic congestion. The use of autonomous drones in urban air mobility is intended to cut pollution levels, reduce travel time, and relieve load on current transportation systems. Dubai, Singapore, Los Angeles, and Dallas are among the cities that have begun to test Urban Air Mobility initiatives. Because they make travelling secure and enjoyable, air taxis are predicted to be a promising sector in the forecast period. Privacy and Security Concern – In the forecast years, privacy concerns and national security legislation are expected to have a harmful impact on the market. Aerial services frequently involve recording and photographing in civilian areas, which compromises people's privacy. Aerial imagery and mapping services are not regulated in the majority of Asia-Pacific and Middle Eastern countries. Countries such as the United States and the United Kingdom, on the other hand, have specific regulations for aerial services, but there is a lack of clarity and execution in the regulatory framework, which could stifle the Commercial Drones market’s growth. High Resolution Satellite is an alternative for Drone – Use of satellite as an alternative of drone is an expensive plan, but corporations are now concentrating their efforts on providing technologically advanced, high-precision, and cost-effective imagery solutions. For instance Digital Globe’s Worldview satellite provides high-definition photos. Satellites can provide mapping, GIS, LiDAR, surveillance, and other services. Unlike aerial imagery, satellite services are not subject to any legislative restrictions, which would have a negative impact on the Commercial Drones market share during the forecast period.

Commercial Drones Market Segment Analysis:

The Commercial Drones Market is segmented into Product, Application and End user. Based on Product, market is sub-segmented into fixed wing, rotary wing and hybrid wing. In terms of volume, the rotary blade segment accounted for 80.0% of the market in 2020 and is likely to continue leading the market over the forecast period. Because of their capacity to maintain a visual on a single target for an extended period of time. Rotary blade drones are likely to become more popular for inspection purposes. Drones are commonly thought to be a viable alternative for a variety of commercial uses, including filming and photography, surveillance, and monitoring. In terms of volume, the hybrid segment is expected to grow at the fastest rate, with a CAGR of over 64.0 % from 2021 to 2027. Hybrid drones are being used by technology companies like Facebook and Amazon to provide internet connectivity in rural places and for efficient parcel delivery, respectively. Commercial Drone Market 1 Based on End use, market is sub-segmented into Agriculture, Delivery and logistics, Energy, Media and Entertainment, Real estate and Construction. In 2020, the media and entertainment segment held the highest market share of over 27.0 %, and this trend is likely to continue during the forecast period. Drones have a wide range of applications in media and entertainment. Filmmakers have begun to use professional drones to capture accurate frames in the most cost-effective method possible. The growing demand from clients and owners for aerial photography to advertise resorts, hotels, tourist attractions, public spaces, and amusement parks is expected to enhance the segment's growth. From 2021 to 2027, the delivery and logistics is second largest segment is expected to grow at a CAGR of approximately xx%. Because of the rise of the e-commerce business, drones are poised to alter the delivery and logistics industry globally. Drones are increasingly being used in e-commerce warehouses for product warehousing and delivery in response to the increased demand for quick delivery of items. Warehouses throughout the globe are spending a lot of money to improve their automation. UAVs are beneficial for jobs and operations that take a long time to complete. Barcode scanning is one of the most common uses of drones in warehouses.

Global Commercial Drones Market Regional Analysis –

North America held the largest market share in terms of volume in 2020, accounting for 37.0 %, and it is expected to grow significantly over the forecast period as a result of favorable government efforts, developments in drone technology, and rising demand from enterprises across a wide range of industries The Federal Aviation Administration (FAA) in the United States has issued new regulations to provide more coherent and consistent guidance for the legal and safe operation of unmanned aerial vehicles (UAVs) in commercial environments. These policies and regulations should lower entry barriers and drive product uptake in the region. From 2021 to 2027, Asia Pacific is expected to second largest with a CAGR of xx %. By 2027, the demand for Commercial Drones s in the region is expected to hit 9 million units, surpassing that of North America. A favorable regulatory framework, particularly among developed countries, is expected to drive market expansion. Several governments are continually working on new laws for drones used for commercial purposes. A slew of new start-up companies are experimenting with new Commercial Drones applications and aiming to improve drone safety. The objective of the report is to present a comprehensive analysis of the global Commercial Drones Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Commercial Drones Market dynamics, structure by analyzing the market segments and project the global Commercial Drones Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Commercial Drones Market make the report investor’s guide.

Global Commercial Drones Market Scope: Inquire before buying

Global Commercial Drones Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 24.5Bn.
Forecast Period 2021 to 2027 CAGR: 16.5 % Market Size in 2027: US $  68.3 Bn.
Segments Covered: by Product • Fixed-wing • Rotary Blade • Hybrid
by Application • Filming & Photography • Inspection & Maintenance • Mapping & Surveying • Precision Agriculture • Surveillance & Monitoring • Others
by End-use • Agriculture • Delivery & Logistics • Energy • Media & Entertainment • Real Estate & Construction

Global Commercial Drones Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Commercial Drones Market Key Players

• DJI • Parrot Drones SAS • YUNEEC • 3D Robotics • EHANG • Aerobo • Airware • Cyberhawk • Deveron UAS • Drone Deploy • Identified Technologies • Measure • Phoenix Drone Services • Prioria Robotics • SenseFly • Sharper Shape • Sky-Futures • Terra Drone • The Sky Guys • Unmanned Experts

Frequently Asked Questions:

1) What was the market size of Global Market in 2020? Ans - Global was worth US$ 24.5 Bn. in 2020. 2) What is the market segment of the Commercial Drones Market? Ans -The market segments are based on Product, Application and End use. 3) What is the forecast period considered for Commercial Drones Market? Ans -The forecast period for Commercial Drones Market is 2021 to 2027. 4) What is the market size of Commercial Drones Market markets in 2027? Ans –Commercial Drones Market is estimated as worth US$ 68.3 Bn. 5) Which region is dominated in Commercial Drones Market? Ans -In 2020, the Asia pacific region dominated the Commercial Drones Market.
1. Global Commercial Drones Market : Research Methodology 2. Global Commercial Drones Market : Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Commercial Drones Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Commercial Drones Market : Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-17.6 Impact 4. Global Commercial Drones Market Segmentation 4.1. Global Commercial Drones Market ,by Product (2020-2027) • Fixed-wing • Rotary Blade • Hybrid 4.2. Global Commercial Drones Market , by Application (2020-2027) • Filming & Photography • Inspection & Maintenance • Mapping & Surveying • Precision Agriculture • Surveillance & Monitoring • Others 4.3. Global Commercial Drones Market , by End use (2020-2027) • Agriculture • Delivery & Logistics • Energy • Media & Entertainment • Real Estate & Construction 5. North America Commercial Drones Market (2020-2027) 5.1. North America Commercial Drones Market , by Product type (2020-2027) • Fixed-wing • Rotary Blade • Hybrid 5.2. North America Commercial Drones Market , by Application (2020-2027) • Filming & Photography • Inspection & Maintenance • Mapping & Surveying • Precision Agriculture • Surveillance & Monitoring • Others 5.3. North America Commercial Drones Market , by End use (2020-2027) • Agriculture • Delivery & Logistics • Energy • Media & Entertainment • Real Estate & Construction 5.4 North America Commercial Drones Market , by Country (2020-2027) • US • Canada • Mexico 6. European Commercial Drones Market (2020-2027) 6.1. European Commercial Drones Market , by Product type (2020-2027) 6.2. European Commercial Drones Market , by Application (2020-2027) 6.3. European Commercial Drones Market , by End use (2020-2027) 6.4. European Commercial Drones Market , by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Commercial Drones Market (2020-2027) 7.1. Asia Pacific Commercial Drones Market , by Product type (2020-2027) 7.2. Asia Pacific Commercial Drones Market , by Application (2020-2027) 7.3. Asia Pacific Commercial Drones Market , by End use (2020-2027) 7.4. Asia Pacific Commercial Drones Market , by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Commercial Drones Market (2020-2027) 8.1. Middle East and Africa Commercial Drones Market , by Product type (2020-2027) 8.2. Middle East and Africa Commercial Drones Market , by Application (2020-2027) 8.3. Middle East and Africa Commercial Drones Market , by End use (2020-2027) 8.4. Middle East and Africa Commercial Drones Market , by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Commercial Drones Market (2020-2027) 9.1. Latin America Commercial Drones Market , by Product type (2020-2027) 9.2. Latin America Commercial Drones Market , by Application (2020-2027) 9.3. Latin America Commercial Drones Market , by End use (2020-2027) 9.4. Latin America Commercial Drones Market , by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. DJI 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Parrot Drones SAS 10.3. YUNEEC 10.4. 3D Robotics 10.5. EHANG 10.6. Aerobo 10.7. Airware 10.8. Cyberhawk 10.9. Deveron UAS 10.10. Drone Deploy 10.11. Identified Technologies 10.12. Measure 10.13. Phoenix Drone Services 10.14. Prioria Robotics 10.15. SenseFly 10.16. Sharper Shape 10.17. Sky-Futures 10.18. Terra Drone 10.19. The Sky Guys 10.20. Unmanned Experts

About This Report

Report ID 25322
Category Engineering Equipment
Published Date JAN 2020
Updated Date Dec 2021
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