Introduction of the Commercial Drone Market Report

Drones are also known as Unmanned aerial vehicles (UAV) or Unmanned aircraft systems (UASes). A drone is a flying robot that can be controlled by remote ground control systems (GSC). It can be navigated without a human pilot onboard through integrated sensors and GPS. Itcomprisesof a UAV, a ground-based controller or ground Cockpit, and a system of communications between the two.Drones can be equipped with a camera that allows taking pictures and record videos to a userusing controlled navigation.Drones are effectively deployed in many commercial applications across industries. It is being used in insurance inspections, construction work, agriculture, and public safety.

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The global commercial drone market is witnessing a rapid increase in the demand due to the strong demand for drones in the commercial sectors due to the UAV’s ability to perform several hazardous tasks, such as inspecting utility pipelines with higher effectiveness and are highly cost-effective as compared to the other conventional methods. The rising number of drone-supportive regulations implemented by the governments is promoting the entrepreneurs to enter the market. All these factors have further strengthened the demand for the market.Various global technology giants are emphasizing on introducing new utilization methods of drones in the commercial sector, such as commercial drone services. Additionally, the increasing application of drones for the food delivery is another factor that is driving the demand of the market. All these factors, along with the rising number of UAV venture funding, continuous technological advancements, and the growing application of drones in the commercial sector such as 3D mapping and drone delivery, are further boosting the demand of the market.

The commercial drones help in increasing productivity by enhancing graphics visualization and decreases the cost of the project. The growing usage of UAVs has resulted in an improvement in surveying accuracy, especially in the real estate and construction sector. The outbreak of the COVID-19 pandemic has led to an increase in the demand for Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) based solutions. The existing coronavirus outbreak is promoting the pharmaceutical vendors and healthcare establishments to opt for machined-based services with minimum physical human contact. All these factors are boosting the demand for commercial drones in the healthcare sector to deliver medicines, healthcare equipment, and monitor the patients who are not wearing face masks. Thus, the COVID-19 pandemic is the key market contributor, especially in the year 2020.

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Based on the application, the filming & photography segment is projected to grow at a higher CAGR during the forecast period. The growing application of drones for the production of movies, to record events and functions, and to perform aerial photography is the key driver that is surging the demand of the market. With the emergence of drones, the media sector can now cover news in the area where human entry is restricted. Hence, the increasing usage of drones for efficiently shooting action sequences in films from an aerial view and photographing inaccessible places is creating innumerable opportunities for the growth of the segment. In contrast, the precision agriculture segment is anticipated to dominate the commercial drones market. The growing awareness among the farmers related to the remarkable benefits offered by commercial drones, such as provides analysis and planning of crop plantation,manages vital operations of the farm, and field monitoring to help the farmer in determining the growth and health of the crops. The combination of factors is surging the growth of the segment in the market.

On the basis of the end-use, the delivery and logistics segment is expected to grow at a faster CAGR over the coming years.The strong demand of the segment due to its lower cost and its ability to provide faster delivery of goods from warehouses or factories to the target consumers as compared to the other delivery methods is the main factor that is driving the demand of the segment. The growing usage of drones in this segment over the forecast period due to the rising penetration of online shopping and the strong demand for smart devices is also driving the segment’s demand. On the other edge, the real estate & construction segment is predicted to dominate the market over the coming years owing to the increasing adoption of drones in various real estate and construction projects such as for surveying lands, improving safety standards, proving regular updates related to project, and reducing the possibilities of hazardous situations in the construction site.

Based on the product type, the fixed-wing drones segment is expected to lead the market during the forecast period. The growing usage of fixed-wing drones for topographic surveys, terrain modeling, and aerial mapping, due toits ability to fly at high altitude for a longer period of time.

Based on the region, the North American region is expected to witness a higher CAGR in the commercial drone market over the coming years. This is attributed to the rising number of government initiatives related to the growing technological advancement in drones, along with theincreasing demand from businesses for drone-acquired data. Moreover, the Federal Aviation Administration (FAA) in the U.S. has released new regulations to provide more coherent and consistent guidelines related to the legal and safe operation of UAVs in commercial spaces. All these regulations have reduced the entry barriers and encouraged the adoption of these products. In contrast, the Asia-Pacific region is projected to dominate the market in the next six years. Countries such as China and Japan are widelyopting for automation and advancement in technologies to counter the rising labor cost. Another factor surging the market growth in this region is the higher efficiency of UAVs as compared to manual labor, especially in the agriculture sector.

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Various notable players in the commercial drone market includePrecisionHawk USA Inc., BAE Systems PLC, AeroVironment Inc., Ascending Technologies GmbH, Parrot S.A., TRACE Intelligent Systems, DJI, SZ Dajiang Innovations Technology Co. Ltd, 3D Robotics Inc., and Textron Inc., among others.

Key Developments:

• • In 2020, AeroVironment Inc., entered into a $10.7 million contract for its Puma 3 drones from the U.S. Navy and Marine Corps. The hand-launched Puma 3 AE has a wingspan of 9.2 feet, weighs 15 pounds, and can operate for up to 2.5 hours at a range of up to 12.4 miles.
  • In 2018, PrecisionHawk USA Inc., successfully acquired Uplift Data Partners. Through this acquisition PrecisionHawk USA Inc., aims to expand the industry expertise and relationships in drone-based services for construction and facility management nationwide.

The global commercial drone market segmented into application, product, end-use, and region. Based on the application, the market has been segmented into filming & photography, inspection & maintenance, mapping & surveying, precision agriculture, surveillance & monitoring, and others. Based on the product, the market has been segmented into fixed-wing, rotary blade, and hybrid. Based on the end-use, the market is segmented into agriculture, delivery & logistics, energy, media & entertainment, real estate & construction, security & law enforcement, and others.

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Key questions answered in this research report:

• • At what pace is the global commercial drone market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the global commercial drone market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global commercial drone market?
  • What are the various application areas of the globalCommercial Dronemarket, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By End-Use, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	PrecisionHawk USA Inc., BAE Systems PLC, AeroVironment Inc., Ascending Technologies GmbH, Parrot S.A., TRACE Intelligent Systems, DJI, SZ Dajiang Innovations Technology Co. Ltd, 3D Robotics Inc., and Textron Inc., among others; A total of 10 Companies Covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Commercial Drone Market by Product Type

• • Fixed-Wing
  • Rotary Blade
  • Hybrid

Global Commercial Drone Market by End-Use

• • Agriculture
  • Delivery & Logistics
  • Energy
  • Media & Entertainment
  • Real Estate & Construction
  • Security & Law Enforcement
  • Others

Global Commercial Drone Market by Application

• • Filming & Photography
  • Inspection & Maintenance
  • Mapping & Surveying
  • Precision Agriculture
  • Surveillance & Monitoring
  • Others

Global Commercial DroneMarket by Region

• • North America Commercial Drones Market(Option 1: As a part of the free 25% customization)
    • North America Market by Product Type
    • North America Market by End-Use
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Commercial Drones Market(Option 2: As a part of the free 25% customization)
    • Europe Market by Product Type
    • Europe Market by End-Use
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Commercial Drones Market(Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Product Type
    • Asia-Pacific Market by End-Use
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Commercial Drones Market(Option 4: As a part of the free 25% customization)
    • RoW Market by Product Type
    • RoW Market by End-Use
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Commercial Drone(Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • PrecisionHawk USA Inc.
  • BAE Systems PLC
  • AeroVironment Inc.
  • Ascending Technologies GmbH
  • Parrot S.A.
  • TRACE Intelligent Systems
  • DJI
  • SZ Dajiang Innovations Technology Co. Ltd
  • 3D Robotics Inc.
  • Textron Inc.