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):
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
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| Report Attribute | Details |
|---|---|
| Published | April 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD ) in 2020 | $ 4.9 Billion |
| Forecasted Market Value ( USD ) by 2027 | $ 18.2 Billion |
| Compound Annual Growth Rate | 20.6% |
| Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
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.
