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Commercial Drones - Market Analysis, Trends, and Forecasts

  • ID: 3619376
  • Report
  • February 2020
  • Region: Global
  • 66 pages
  • Global Industry Analysts, Inc
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Commercial Drones market worldwide is projected to grow by US$12.4 Billion, driven by a compounded growth of 22.4%. Commercial Drones, one of the segments analyzed and sized in this study, displays the potential to grow at over 22.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$16.4 Billion by the year 2025, Commercial Drones will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 25.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$406.6 Million to the region's size and clout in the next 5 to 6 years. Over US$572.2 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Commercial Drones will reach a market size of US$1.1 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 21.5% over the next couple of years and add approximately US$2.1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • AeroVironment Inc.
  • Agribotix, LLC
  • Airware
  • Cyberhawk Innovations Ltd.
  • CyPhy Works Inc.
  • Draganfly Innovations Inc.
  • DroneDeploy
  • Drone Aviation Holding Corporation
  • EHang Inc.
  • Intel
  • Lockheed Martin Corporation
  • Parrot SA
  • PrecisionHawk
  • Skycatch Inc.
  • SZ DJI Technology Co. Ltd.
  • XAIRCRAFT Technology Co. Ltd.
  • Yuneec International Co., Ltd.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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

Global Competitor Market Shares

Commercial Drones Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

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: Commercial Drones Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025

TABLE 2: Commercial Drones Market Share Shift across Key Geographies Worldwide: 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

Market Analytics

TABLE 3: United States Commercial Drones Market Estimates and Projections in US$ Thousand: 2018 to 2025

CANADA

TABLE 4: Canadian Commercial Drones Market Estimates and Forecasts in US$ Thousand: 2018 to 2025

JAPAN

TABLE 5: Japanese Market for Commercial Drones: Annual Sales Estimates and Projections in US$ Thousand for the Period 2018-2025

CHINA

TABLE 6: Chinese Commercial Drones Market Growth Prospects in US$ Thousand for the Period 2018-2025

EUROPE

Market Facts & Figures

Market Analytics

TABLE 7: European Commercial Drones Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025

TABLE 8: European Commercial Drones Market Share Shift by Region/Country: 2019 VS 2025

FRANCE

TABLE 9: Commercial Drones Market in France: Estimates and Projections in US$ Thousand for the Period 2018-2025

GERMANY

TABLE 10: Commercial Drones Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2018-2025

ITALY

TABLE 11: Italian Commercial Drones Market Growth Prospects in US$ Thousand for the Period 2018-2025

UNITED KINGDOM

TABLE 12: United Kingdom Market for Commercial Drones: Annual Sales Estimates and Projections in US$ Thousand for the Period 2018-2025

REST OF EUROPE

TABLE 13: Rest of Europe Commercial Drones Market Estimates and Forecasts in US$ Thousand: 2018-2025

ASIA-PACIFIC

TABLE 14: Commercial Drones Market in Asia-Pacific: Estimates and Projections in US$ Thousand for the Period 2018-2025

REST OF WORLD

TABLE 15: Rest of World Commercial Drones Market Estimates and Forecasts in US$ Thousand: 2018 to 2025

IV. COMPETITION

Total Companies Profiled: 154

Note: Product cover images may vary from those shown
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