Commercial Drones Market Registering Phenomenal Growth- Ready to Reach $10,738 Million Globally by 2022
Heavy investment in R&D activities related to drone technology have fueled the use of innovative tools for the development of commercial drones. In addition, increase in demand for GIS (geographic information system), LiDAR (Light Detection and Ranging), aerial & mapping services across various industries is expected to boost the adoption of commercial drones. In addition, increased demand for aerial imaging market in developing economies and rapid penetration of high definition cameras present lucrative opportunities to the commercial drone market. The global Commercial Drones market was valued at $2,145 million in 2015, and is projected to reach $10,738 million by 2022, growing at a CAGR of 26.2% from 2016 to 2022. Download Sample PDF Copy@ https://www.alliedmarketresearch.com/request-sample/974
Heavy investment in R&D activities related to drone technology have fueled the use of innovative tools for the development of commercial drones. In addition, increase in demand for GIS (geographic information system), LiDAR (Light Detection and Ranging), aerial & mapping services across various industries is expected to boost the adoption of commercial drones. In addition, increased demand for aerial imaging market in developing economies and rapid penetration of high definition cameras present lucrative opportunities to the commercial drone market.
The global Commercial Drones market was valued at $2,145 million in 2015, and is projected to reach $10,738 million by 2022, growing at a CAGR of 26.2% from 2016 to 2022.
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GLOBAL<br />
COMMERCIAL DRONES MARKET<br />
Aircrafts that have the capability of au<strong>to</strong>nomous flight with the help of an embedded program, and can be remotely operated from ground <strong>by</strong><br />
a pilot are called as drones. <strong>Commercial</strong> drones are unmanned aerial aircrafts that are designed for commercial applications such as risk<br />
mitigation, resource planning, research & excavation, urban planning, engineering, farming management, <strong>to</strong>urism, aerial imaging, LiDAR<br />
applications, cargo management, weather moni<strong>to</strong>ring, traffic control, green mapping, and others.<br />
GLOBAL OPPORTUNITY AND FORECAST <strong>2022</strong>
COMMERCIAL DRONES MARKET ANALYST<br />
REVIEW<br />
Heavy investment in R&D activities related <strong>to</strong> drone technology have fueled the use<br />
of innovative <strong>to</strong>ols for the development of commercial drones. In addition, increase in<br />
demand for GIS (geographic information system), LiDAR (Light Detection and<br />
Ranging), aerial & mapping services across various industries is expected <strong>to</strong> boost the<br />
adoption of commercial drones. In addition, increased demand for aerial imaging<br />
market in developing economies and rapid penetration of high definition cameras<br />
present lucrative opportunities <strong>to</strong> the commercial drone market.<br />
Pankaj Lanjudkar<br />
Lead Analyst, ICT
CURRENT AND FUTURE MARKET SCENARIO<br />
• The global commercial drones market was valued at $2,145 million in 2015.<br />
• The global commercial drones market is projected <strong>to</strong> reach <strong>$10</strong>,<strong>738</strong> million <strong>by</strong><br />
<strong>2022</strong>.<br />
• The global commercial drones market growing at a CAGR of 26.2% from 2016 <strong>to</strong><br />
<strong>2022</strong>.<br />
• The rotary blade segment dominated the global commercial drones market in<br />
2014.<br />
• The hybrid drones segment is expected <strong>to</strong> grow at the highest CAGR of 28.3% from<br />
2016 <strong>to</strong> <strong>2022</strong>.
TOP IMPACTING FACTORS TO MARKET GROWTH<br />
• Technologically Advanced Products.<br />
Digitization and technological advancements in camera, drone specifications, mapping<br />
software, multidimensional mapping, and sensory applications are expected <strong>to</strong> fuel the<br />
commercial drone market growth during the forecast period.<br />
• Privacy and Security Concerns.<br />
Privacy issues and national security regulations are expected <strong>to</strong> negatively affect the<br />
market in the coming years. Aerial services sometimes require filming and pho<strong>to</strong>graphy<br />
in civilian areas, which affects the privacy of people.<br />
• High-Resolution Satellite Imagery as a Substitute.<br />
Earlier, satellite imagery was a costly proposition, but now companies focus on<br />
developing technologically advanced, high precision, and cost effective imagery<br />
solutions.<br />
• Increased Application Areas for GIS, LiDAR, Mapping Services, and Others.<br />
Increase in demand for GIS, LiDAR, and mapping services from various sec<strong>to</strong>rs such as<br />
agriculture, energy, <strong>to</strong>urism, and others fuels the commercial drone market growth.
COMMERCIAL DRONES MARKET SEGMENTATION<br />
BY TYPE<br />
• Fixed wing drones<br />
• Rotary bade drones<br />
• Hybrid drones segment<br />
BY APPLICATION<br />
• Agriculture and Environment<br />
• Media and Entertainment<br />
• Energy<br />
• Government<br />
• Construction & Archaeology<br />
• Others<br />
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DOMINATING<br />
SEGMENTS<br />
ROTARY BLADE<br />
SEGMENT<br />
HYBRID DRONES<br />
SEGMENT<br />
CONSTRUCTION &<br />
ARCHEOLOGY<br />
SEGMENT<br />
The rotary blade segment<br />
dominated the global<br />
commercial drones market in<br />
2014.<br />
The hybrid drones segment is<br />
expected <strong>to</strong> grow at the highest<br />
CAGR of 28.3% from 2016 <strong>to</strong><br />
<strong>2022</strong>.<br />
The construction & archeology<br />
segment is anticipated <strong>to</strong><br />
present significant growth<br />
opportunities for key players<br />
operating in the global market.
GEOGRAPHICAL OVERVIEW<br />
• Based on region, it is analyzed across<br />
North America, Europe, Asia-Pacific, and<br />
LAMEA.<br />
• North America dominated the global<br />
market in terms of market size, while Asia-<br />
Pacific is estimated <strong>to</strong> grow at a significant<br />
growth rate during the forecast period.
DOMINATING MARKET PLAYERS PROFILED IN<br />
THE STUDY<br />
• AeroVironment Inc.<br />
• SZ DJI Technology Co. Ltd.<br />
• Parrot SA<br />
• 3D Robotics Inc.<br />
• Leptron Unmanned Aircraft<br />
Systems Inc.<br />
• PrecisionHawk Inc.<br />
• Yuneec International Co. Ltd.<br />
• Aeryon Labs Inc.<br />
• Trimble Navigation Ltd.<br />
• Insitu Inc.
A Report Titled “<strong>Commercial</strong> <strong>Drones</strong> <strong>Market</strong>- Opportunities And Forecasts, 2014– <strong>2022</strong>” has<br />
been recently published <strong>by</strong> Allied <strong>Market</strong> Research. It makes an In-depth Analysis of current<br />
trends, drivers, and restraining fac<strong>to</strong>rs that affect Financial Ratios relevant <strong>to</strong> the industry.<br />
Company profiles for key vendors in business builds a comprehensive picture of profitable<br />
opportunities from Stakeholder’s Perspective.<br />
To Know More About <strong>Commercial</strong> <strong>Drones</strong> <strong>Market</strong>- Opportunities and Forecasts<br />
2014-<strong>2022</strong><br />
https://www.alliedmarketresearch.com/commercial-drone-market<br />
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