Report Ocean has released a market research report on the Commercial Drones industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry’s regulations and policies and potential future advancements.
The global commercial drones market size was US$ 3.36 billion in 2021. The global commercial drones market size is forecast to reach US$ 22 billion by 2030, growing at a compound annual growth rate (CAGR) of 23.8% during the forecast period from 2022 to 2030.
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Drones are aircraft that can operate remotely from the ground using an embedded program or can fly autonomously with the help of a computer program. Commercial drones are unmanned aerial vehicles designed for commercial purposes, including risk mitigation, resource planning, research & excavation, urban planning, engineering, farming management, tourism, aerial imaging, LiDAR applications, cargo management, weather monitoring, traffic control, green mapping, and other applications. In addition to agriculture and the environment, media & entertainment, energy, government, and others use these applications as business solutions.
Factors Influencing Market Growth
- The development of location-based services such as e-commerce companies, food delivery services, shopping apps, tourism websites, social networking apps, and so forth is forecast to boost the global market growth.
- Satellite imagery as a substitute option and stringent government regulations relating to national security may slow down the global market growth.
- Technological advancements such as motion sensors, temperature sensors, 3D mapping software, drones, and others have substantially increased the global market growth opportunities.
Impact Analysis of COVID-19
Globally, the rapid spread of COVID-19 has significantly impacted the global commercial drone market. It is due to the adoption of strict lockdown measures around the world. The COVID-19 pandemic posed several challenges for the commercial drone industry, including disruptions in the supply chain of raw materials and logistics challenges. In contrast, commercial drones technology manufacturers had to cut expansion and R&D investments to cope with declining revenue and operating performance. Thus, the COVID-19 pandemic had negatively impacted the global market growth.
Regional Insights
North America accounts for the majority of market revenue. Globally, the U.S. captured the leading share of the commercial drone market in North America in 2021. Due to the increase in R&D activities, technological developments by key players, and rapid adoption of innovative technologies, commercial drones are more precise, accurate, and efficient.
Asia-Pacific is forecast to experience significant growth during the forecast period. The adoption of commercial drones is on the increase across several Asian nations, such as China, India, Japan, and South Korea.
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Leading Competitors
The leading prominent companies profiled in the global commercial drone market are:
- AeroVironment, Incorporated
- Aeryon Labs Incorporated
- Delair
- DJI Technology Co., Limited
- Insitu Inc.
- Leptron Unmanned Aircraft Systems, Incorporated
- Parrot SA
- PrecisionHawk Incorporated
- SKYDIO
- Yuneec International Co. Limited
- Other Prominent Players
Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Scope of the Report
The global commercial drones market segmentation focuses on Type, Mode of Operation, Application, and Region.
Segmentation based on Type
- Fixed Wing
- Rotary
- Hybrid
Segmentation based on Mode of Operation
- Remotely Operated
- Semi-Autonomous
- Autonomous
Segmentation based on Application
- Agriculture and Environment
- Media and Entertainment
- Energy
- Government
- Construction
- Others
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
What our reviews offer:
- Market share assessments for the regional and country-level segments
- Strategic hints for the new entrants
- Covers market facts for 2023, until 2031
- Market tendencies (drivers, opportunities, threats, challenges, funding opportunities, and recommendations)
- Strategic pointers in key enterprise segments based totally on the market estimations
- Competitive landscaping mapping the key frequent trends
- Company profiling with specified strategies, financials, and current developments
- Supply chain tendencies mapping the modern day technological advancements
Commercial Drones Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Commercial Drones Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Commercial Drones Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Commercial Drones Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Commercial Drones Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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