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Commercial Drones - Global Market Trajectory & Analytics

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    Report

  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 3619376
Global Commercial Drones Market to Reach $18.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Commercial Drones estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$18.2 Billion by 2027, growing at a CAGR of 20.5% over the period 2020-2027.





The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 20.1% CAGR

The Commercial Drones market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 20.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 17.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.

Select Competitors (Total 154 Featured):
  • AeroVironment Inc.
  • Agribotix, LLC
  • Airware
  • Cyberhawk Innovations Ltd.
  • CyPhy Works Inc.
  • Draganfly Innovations Inc.
  • Drone Aviation Holding Corporation
  • DroneDeploy
  • EHang Inc.
  • Intel Corporation
  • Lockheed Martin Corporation
  • Parrot SA
  • PrecisionHawk
  • Skycatch Inc.
  • SZ DJI Technology Co. Ltd.
  • Yuneec International Co., Ltd.
Frequently Asked Questions about the Global Market for Commercial Drones

What is the estimated value of the Global Market for Commercial Drones?

The Global Market for Commercial Drones was estimated to be valued at $4.9 Billion in 2020.

What is the growth rate of the Global Market for Commercial Drones?

The growth rate of the Global Market for Commercial Drones is 20.6%, with an estimated value of $18.2 Billion by 2027.

What is the forecasted size of the Global Market for Commercial Drones?

The Global Market for Commercial Drones is estimated to be worth $18.2 Billion by 2027.

Who are the key companies in the Global Market for Commercial Drones?

Key companies in the Global Market for Commercial Drones include AeroVironment Inc., Agribotix, LLC, Airware, Cyberhawk Innovations Ltd., CyPhy Works Inc., Draganfly Innovations Inc., Drone Aviation Holding Corporation, DroneDeploy and Intel Corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Commercial Drones - An Expanding Market
  • Outlook
  • A Walk Through the Transition from Military to Commercial and Civilian Applications
  • Recent Market Activity
  • Beyond Line of Sight Drone Operations to Stir Future Growth
  • Use Cases of Commercial Drones Continue to Expand
  • Technology Advancements Critical for Commercial Drones Market
  • Rotary Blade UAVs to Lead Commercial Drones Market
  • Challenges Confronting Commercial Drones Market
  • Lack of Regulatory Framework Hampers Adoption of Drones in Commercial Sector
  • Drone Use Raises Concerns over Damage to Property & People
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
  • AeroVironment, Inc. (USA)
  • Agribotix, LLC (USA)
  • Cyberhawk Innovations Ltd. (UK)
  • CyPhy Works, Inc. (USA)
  • Draganfly Innovations Inc. (Canada)
  • DroneDeploy (USA)
  • Drone Aviation Holding Corporation (USA)
  • EHang, Inc. (China)
  • Intel Corporation (USA)
  • Lockheed Martin Corporation (USA)
  • Parrot SA (France)
  • senseFly Ltd. (Switzerland)
  • PrecisionHawk (USA)
  • Prioria Robotics, Inc. (USA)
  • Sharper Shape Ltd. (Finland)
  • Skycatch, Inc. (USA)
  • SZ DJI Technology Co., Ltd. (China)
  • XAIRCRAFT Technology Co., Ltd. (China)
  • Yuneec International Co., Ltd. (China)

3. MARKET TRENDS & DRIVERS
  • Artificial Intelligence to Drive Future Growth
  • Automation - A Significant Area of Development
  • Use of Drones in Gathering Data Drives Adoption in the Enterprise Sector
  • Internet of Things (IoT) to Fuel Commercial Use of Drones
  • Companies Focus on Battery Technologies for Extended Flight Times
  • UAV Technology to Enable Creation of Customized 3D Maps
  • 3D Mapping to Optimize Vehicular Movement at Construction Sites
  • Drone-as-a-Service Takes Flight
  • Drone Rental Centers - A Growing Concept
  • Photography Drones - Smart Capabilities Spur Adoption
  • Falling Cost of Materials Bodes Well for the Adoption of Commercial Drones
  • Advancing Smartphone Tech Facilitates Adoption of Drones in Commercial Applications
  • Testing: An Essential Requirement for Commercialization of Drones
  • Open Source Development Efforts to Reduce Penetration of Proprietary Drone Designs

4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Current & Future Analysis for Commercial Drones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Commercial Drones by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027

III. MARKET ANALYSIS
  • UNITED STATES
  • Table 3: USA Current & Future Analysis for Commercial Drones by Segment - Commercial Drones - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • CANADA
  • Table 4: Canada Current & Future Analysis for Commercial Drones by Segment - Commercial Drones - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • JAPAN
  • Table 5: Japan Current & Future Analysis for Commercial Drones by Segment - Commercial Drones - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • CHINA
  • Table 6: China Current & Future Analysis for Commercial Drones by Segment - Commercial Drones - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • EUROPE
  • Table 7: Europe Current & Future Analysis for Commercial Drones by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: Europe 7-Year Perspective for Commercial Drones by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • FRANCE
  • Table 9: France Current & Future Analysis for Commercial Drones by Segment - Commercial Drones - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • GERMANY
  • Table 10: Germany Current & Future Analysis for Commercial Drones by Segment - Commercial Drones - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • ITALY
  • Table 11: Italy Current & Future Analysis for Commercial Drones by Segment - Commercial Drones - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • UNITED KINGDOM
  • Table 12: UK Current & Future Analysis for Commercial Drones by Segment - Commercial Drones - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • REST OF EUROPE
  • Table 13: Rest of Europe Current & Future Analysis for Commercial Drones by Segment - Commercial Drones - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • ASIA-PACIFIC
  • Table 14: Asia-Pacific Current & Future Analysis for Commercial Drones by Segment - Commercial Drones - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • REST OF WORLD
  • Table 15: Rest of World Current & Future Analysis for Commercial Drones by Segment - Commercial Drones - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

IV. COMPETITION
  • Total Companies Profiled: 154

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AeroVironment Inc.
  • Agribotix, LLC
  • Airware
  • Cyberhawk Innovations Ltd.
  • CyPhy Works Inc.
  • Draganfly Innovations Inc.
  • Drone Aviation Holding Corporation
  • DroneDeploy
  • EHang Inc.
  • Intel Corporation
  • Lockheed Martin Corporation
  • Parrot SA
  • PrecisionHawk
  • Skycatch Inc.
  • SZ DJI Technology Co. Ltd.
  • Yuneec International Co. Ltd.