Commercial Drones Market is a professional and a meticulous report which focuses on primary and secondary drivers, market share, leading segments and geographical analysis. It endows with an analytical measurement of the main challenges faced by the business currently and in the upcoming years.
Furthermore, the recent developments, product launches, joint ventures, mergers and acquisitions employed by the several key players are explained well by systemic company profiles covered in this wide ranging market report. Being a detailed market research report, Commercial Drones Market report gives business a competitive advantage. All this data and information is very significant to the businesses when it comes to define the strategies about the production, marketing, sales, promotion and distribution of the products and services. Commercial Drones Market report gives key measurements, status of the manufacturers and is a significant source of direction for the businesses and organizations.
Global Commercial Drones Market is expected to rise from its initial estimated value of USD 3.96 billion in 2018, to a projected value of USD 17.04 billion by 2026, registering a CAGR of 20% in the forecast period of 2019-2026. This rise in market value can be attributed to growth in the technological offerings resulting in advanced and innovative products.
Market Definition: Global Commercial Drones Market
Commercial drones are unmanned aerial vehicle that have been equipped with the capability of visual imaging capturing and recording devices and equipments, as these drones are used for capturing images and recording videos of various terrains. The usage of drones has increased significantly due to its benefits associated with capturing and reaching places with ease and providing improved visual aids.
- Increasing adoption of commercial drones for a number of end-use applications, majorly from the agricultural segment for the visualization and analysis of land area is expected to act as a driver for the market growth
- Increased levels of investments and research activities associated with commercial drones from private and government sources; this factor is expected to act as a driver for the market growth
- Availability of substitutes to drones such as satellites and other imaging alternatives are factors expected to restrain the market growth
- High cost of drones and requirement of high capital investments for the maintenance of these drones; this factor is expected to restrain the market growth
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Segmentation: Global Commercial Drones Market
- By Drone Type
- Rotary Blade Drones
- Multi-Rotor Drones
- Single Rotor Drones
- Fixed Wing Drones
- Hybrid Drones
- By Offering
- Software & Services
- By Application
- Government & Defense
- Agriculture & Environmental
- Media & Entertainment
- Construction & Archaeology
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
- In June 2018, GE Ventures announced the launch of a startup based out of Boston, United States named AiRXOS. With the company focused on providing commercial drone software and product solutions to the consumers and industries. The startup is a joint venture between two of GE’s business divisions, GE Business Innovations and GE Aviation.
- In August 2017, 3D Robotics and DJI announced that they had collaborated to integrate 3D Robotics’ Site Scan software for drones compatible with DJI’s drones. This venture will help in providing consumers the best that both the organizations can offer.
Competitive Analysis: Global Commercial Drones Market
Global commercial drones market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of commercial drones market for global, Europe, North America, Asia-Pacific and South America.
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Major Market Competitors/Players: Global Commercial Drones Market
3D Robotics; DJI; Aeryon Labs Inc.; Parrot Drones SAS; Aurora Flight Sciences; Denel SOC Ltd; Draganfly Innovations Inc.; Northrop Grumman Corporation; Lockheed Martin Corporation; Elbit Systems Ltd.; General Dynamics Corporation; AeroVironment, Inc.; Leptron Unmanned Aircraft Systems, Inc.; PrecisionHawk; YUNEEC; Trimble Inc.; INSITU; senseFly; Xiaomi; Sentera, Inc.; AiRXOS, a GE venture; QUADROCOPTER; Identified Technologies are few of the major competitors currently present in the market.
The Commercial Drones market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Commercial Drones market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Commercial Drones market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Commercial Drones market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Commercial Drones market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Commercial Drones capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Commercial Drones by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Commercial Drones market. These figures have been provided in terms of both revenue and volume for the period 2020 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Commercial Drones market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Commercial Drones market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
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The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Commercial Drones industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Commercial Drones market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Commercial Drones market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Commercial Drones market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Commercial Drones market. These factors have benefited the growth of the global market for Commercial Drones. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
In this study, the years considered to estimate the market size of Commercial Drones are as follows:
- Historic Year: 2017-2020
- Base Year: 2019
- Forecast Year 2020 to 2027
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)
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Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
- Market outline
PART 05: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 06: MARKET SIZING
- Market definition
- Market sizing 2021
- Market size and forecast
PART 07: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 08: MARKET SEGMENTATION BY PRODUCT
- Global Commercial Drones market by product
- Comparison by product
- Market opportunity by product
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Global Commercial Drones market by distribution channel
- Comparison by distribution channel
- Global Commercial Drones market by offline distribution channel
- Global Commercial Drones market by online distribution channel
- Market opportunity by distribution channel
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
- Global Commercial Drones market by end-user
- Comparison by end-user
PART 12: REGIONAL LANDSCAPE
- Global licensed Commercial Drones market by geography
- Regional comparison
- Licensed Commercial Drones market in Americas
- Licensed Commercial Drones market in EMEA
- Licensed Commercial Drones market in APAC
- Market opportunity
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 15: MARKET TRENDS
PART 16: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 17: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
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