PDF - Commercial Drone Market

Commercial Drone Market to grow at 25% CAGR till
2025: Global Market Insights Inc.
Commercial Drone Market driven by increasing affordability and accessibility demand in
the world to surpass USD 17 billion by 2024 and will witness 25% CAGR during the forecast
timespan.
The growth of the market is credited to increasing venture capital investment in the market
space. In 2016, there were about 105 deals with an approximation of USD 541 million. It was
estimated that the investment in commercial drones moved from hardware to software in
2017 with the Venture Capitals (VCs) targeting end-to-end solutions, software, and counterdrone
technology. One of the most important investments in 2017 was of 3D Robotics of
about USD 53 million Series D round from Atlantic Bridge CapitalTrue, VenturesFoundry and
GroupMayfield. It witnessed the transition from hardware to software services. Moreover,
commercial drone market companies which led the funding were targeting industrial and
enterprise inspection. With an ever-growing adoption of commercial drones, it implies great
affordability for businesses and operators. Furthermore, manufacturing techniques of
computer chips, economies of scale, and software advances are driving the cost of drone
sensors and platforms and solutions.
Commercial Drone Market
The technological advancements and innovation in the commercial drone market space is
also estimated to drive the revenue. The integration of artificial intelligence and advanced
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machine learning algorithms has developed several new avenues for utilization of UAVs
capabilities. For instance, retail industry is also leveraging the capabilities for delivering
package. In December 2016, Amazon successfully completed one of the first ever
commercial deliveries in Cambridge, UK. Similarly, Zipline, a U.S. based robotics company
deployed its fleet of drones to deliver blood in Rwanda to provide medical relief in remote
areas of the East African region. The company even plans to utilize the capability of civil
drones to delivery one of the largest drone delivery network in Tanzania.
The agriculture industry has emerged as one of the major end-users in the commercial UAV
market. They are used for a wide range of applications such as planting, soil and field
analysis, crop monitoring, health assessment, crop spraying and irrigation in the complete
crop cycle. Other use cases include producing a precise 3D map for soil analysis, which can
guide in planning of seed planting patterns. A drone-driven method of soil analysis offers
data for nitrogen level and irrigation management, which is also estimated to be a major
factor driving the commercial UAV market demand.
Asia Pacific is estimated to gain substantial growth during the forecast period owing to the
rapid increase in awareness for civilian drone applications and relaxation by government for
the use of UAVs for commercial purposes. Furthermore, the presence of substantial number
of drone’s manufacturers in the region, especially in China, such as DJI and Xiaomi, is also
estimated to be drive the growth of the commercial UAV market. The market is also aided by
adoption of drones by the customers and enterprises in fields such as agriculture, retail, and
construction.
Browse key industry insights spread across 350 pages with 210 market data tables & 30
figures & charts from the report, “Commercial Drone/Unmanned Aerial Vehicle (UAV)
Market” in detail along with the table of contents: http://bit.ly/2oVY6GH
The major vendors in the commercial UAV market are 3D Robotics, Airobotics,
AeroVironment, Airware, Amazon Prime Air, Bae Systems, Cyberhawk Innovations Ltd.,
DroneDeploy, DJI, Ehang Inc, Hoverfly Technologies, Intel Corporation, Parrot,
PrecisionHawk, senseFly, and Yuneec International. These players are leveraging on the
various strategies such as product launch, and strategic alliance to enhance their product
portfolio and gain market share. For instance, In January 2017, DJI acquired Hasselblad, a
Swedish camera company. The acquisition will strengthen DJI’s presence in high-end
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camera drones landscape by combining DJI’s aerial drone technology with Hasselblad’s
cameras.
The global commercial drone market research report includes in-depth coverage of the
industry with estimates & forecast in terms of shipments in units and revenue in USD from
2013 to 2024, for the following segments:
Commercial Drone Market, By Product
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Fixed Wing Drone
Rotary Wing Drone
Hybrid Drone
Commercial Drone Market, By Mode of Operation
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Remotely Operated Drone
Semi-autonomous Drone
Autonomous Drone
Commercial Drone Market, By Application
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Aerial photography
Agriculture
Emergency Management
Inspection & Monitoring
Remote Sensing & Mapping
Wildlife Research & Preservation
Others
The above information has been provided for the following regions and countries:
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North America
o U.S.
o Canada
Europe
o UK
o Germany
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o France
o Italy
o Spain
Asia Pacific
o Australia
o China
o India
o Japan
o South Korea
Latin America
o Brazil
o Mexico
o Argentina
MEA
o UAE
o Israel
o South Africa
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Industry Coverage
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