Commercial Drone Market to Grow due to Increasing Adoption of Drone for Commercial Applications
Increasing demand for drones due to
their versatile applications and enhanced technologies in
drones are driving the Global Commercial Drone Market.
According to
the TechSci Research report, "Commercial Drone Market- Global Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F,"
the Global Commercial Drone market is anticipated to surge in the upcoming
years. The increased use of small drones in commercial applications and
advancement in drone technologies is driving the growth of Global Commercial
Drone market. The UAV is an aircraft that does not have a pilot on board. They
can be controlled or flown autonomously based on pre-programmed flight plans.
They provide 24-hour security and inspection of utility guidelines with high
accuracy and cost-effectiveness. Recent advancements in the Global commercial
drone market include UAV adoption by the military, consumer goods,
transportation, and agriculture industries. The solo smart drone, with built-in
safeguards, compliance technology, sensors, and self-monitoring, is the
next-generation drone that will bring new opportunities to the market.
Drones are aircraft that can fly autonomously using an
embedded program or that can be remotely operated from the ground by a pilot.
Commercial drones are unmanned aerial vehicles designed for commercial
applications such as risk mitigation, resource planning, research and
excavation, urban planning, engineering, farming management, tourism, aerial
imaging, LiDAR applications, cargo management, weather monitoring, traffic
control, green mapping, and others. Several industries, including agriculture and
the environment, media and entertainment, energy, government, and others, use
these applications as business solutions.
Commercial drones are making inroads into the trade
industry, fueling market growth, for example, delivering small parcels to
hospitals in third-world countries. Along with Google, Amazon and Walmart are
testing a possible customer package delivery service. Toy drones (DJI
Phantom4), AirDog drones, and 3DRSolo Drone by 3D Robotics are among the other
innovations. Drones or unmanned aerial vehicles (UAVs are useful for 3D mapping
site, construction site inspections, and building surveys in the construction
industry.
Browse more than
XX market data Figures spread through XX Pages and an in-depth
TOC on "Global Commercial
Drone Market"
The
Global Commercial Drone Market is segmented by application, system, technology,
type, payload, region and competitive landscape. Based on Application the market
is segmented into delivery & logistics, filming & photography,
inspection & maintenance, horticulture & agriculture, mapping &
surveying. Based on the system, the market is segmented into hardware and
software. The hardware industry is expected to have the largest market share.
The growing use of drones for commercial applications such as pipeline
inspection, aerial photography, surveillance, and wildlife monitoring is
expected to drive the segment's growth. Based on the technology, the market is
divided into fully autonomous, semi-autonomous and remotely controlled. The
fully autonomous segment is expected to grow faster. The growing demand for
drones that can fly beyond visual line of sight (BVLOS) is expected to fuel the
growth of the fully autonomous segment. Based on the type of commercial drone,
the market is divided into fixed wing, rotary blade and hybrid. Fixed Wing
Drones are expected to account for the largest market share due to their
preference for larger areas such as topographic surveys, aerial mapping, and
terrain modelling, as well as their ability to fly at high altitudes for longer
periods of time. Based on the payload, the market is segmented into <5kg,
5-25kg, 26-50kg, 51-100kg, Above 100kg.
Some of the major players operating in the
Global Commercial Drone Market include:
·
SZ
DJI technologies Co, Ltd
·
Parrot
Drone SA
·
AeroVironment,
Inc.
·
Holy
Stone
·
Teal
Drones Inc.
·
Skydio,
Inc,
·
Delair,
·
Insitu,
Inc.,
·
Yuneec
Holding Ltd
·
AgEagle
Aerial Systems Inc.
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“Many
companies are investing in research and development of commercial drones to
have a competitive edge over others. Modern innovations such as machine
learning (MI) and artificial intelligence (AI) are being integrated to significantly
expand the commercial drone sector. The technological advancements and
versatile operational usage of commercial drones will provide huge
opportunities for the market to grow in the upcoming years,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Commercial Drone Market
-Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented
By Application (Delivery & Logistics, Filming & Photography, Inspection
& Maintenance, Horticulture & Agriculture, Mapping & Surveying), By
system (Hardware, Software), By Technology (Fully Autonomous, Semi-autonomous
and Remotely controlled), By Type (Fixed Wing, Rotary Blade and Hybrid), By Payload
(<5kg, 5-25kg, 26-50kg, 51-100kg, Above 100kg), By Region,” has
evaluated the future growth potential of Global Commercial Drone Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Commercial Drone Market.
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