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Commercial Drones - Global Market Trajectory & Analytics

  • ID: 3619376
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • AeroVironment Inc.
  • Agribotix, LLC
  • Airware
  • CyPhy Works Inc.
  • DroneDeploy
  • EHang Inc.
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.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AeroVironment Inc.
  • Agribotix, LLC
  • Airware
  • CyPhy Works Inc.
  • DroneDeploy
  • EHang Inc.
I. METHODOLOGY

II. 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
Note: Product cover images may vary from those shown

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.
Note: Product cover images may vary from those shown
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