Global Commercial Drones Market Size, Share & Trends Analysis Report by Type (Fixed Wing Drones, Rotary Blade Drones, Nano Drones, Hybrid Drones), By Application (Filming & Photography, Inspection & Maintenance, Surveillance & Monitoring, Others), By End-Use (Transportation, Agriculture, Media & Entertainment, Construction, Government & Defense, and Others) Forecast (2022-2028)
The global commercial drones market is anticipated to grow at a significant CAGR of 50.5% during the forecast period. The major factor that drives the global commercial drones market is the increasing use of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in drones. The government is launching various programs to increase the adoption of drones in the country which is further contributing to the growth of the market. For instance, The Drone Federation of India (DFI) announced the Adopt Drones program. In November 2020, with help from Amazon Web Services (AWS)cloud services, to accelerate the adoption of AI-driven drone technologies. Drone application developers who use machine learning to provide deep insights from data acquired by drones will be recognized by the Adopt Drones Program. AWS will help drone app developers in a variety of ways, including technical review of solutions for cost and performance optimization, AWS Promotional Credits to enable developers to use the breadth and depth of AWS Cloud services to build, test, and deploy secure and scalable solutions on the cloud, and go-to-market support to assist developers in pitching the solution to large enterprises.
The global commercial drones market is segmented based on types, application, and end-use. Based on type, the market is further segmented into fixed-wing drones, rotary blades drones, nano drones, and hybrid drones. Among these, the rotary blade segment is anticipated to hold a lucrative share in the market during the forecast period owing to their capacity to maintain sight on a single target for a long period, hover, and execute agile maneuvering, rotary blade drones are likely to become more popular for inspection purposes. Based on application, the market is segmented into filming & photography, inspection & maintenance, surveillance & monitoring, and others. Further, based on the end-use segment, the market is sub-segmented into transportation, agriculture, media & entertainment, construction, government & defense, and others.
The global commercial drones market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific region is anticipated to hold a lucrative share in the commercial drones market owing to the increasing adoption of new technologies and programs by governments in the region. For instance, in January 2020, Tata AIG and DFI partnered to provide world-class drone insurance products and services. The Drone Federation of India (DFI), a non-profit industry-led organization dedicated to developing a safe and scalable unmanned aviation business in India, held the Drone Festival of India in New Delhi on January 6th and 7th, 2020. The partnership with Tata AIG will aid in the development of insurance solutions for the drone industry, putting into practice a key component of the DGCA India's Civil Aviation Requirements for RPAS.
The major companies serving the global commercial drones market include AeroVironment Inc, Drone Volt Group, Parrot Drone SAS, Action Drone USA, AguaDrone LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Zypp Electric, India's premier Tech-Enabled EV-as-a-Service Shared Electric Mobility platform, announced a partnership with TSAW Drones to include drone delivery in their portfolio for last-mile delivery services in January 2022. TSAW Drones is a startup focused on integrating drones into the logistics industry. For drones to carry all kinds of goods, this startup develops an end-to-end intelligent technological stack that includes smart GCS, UTM, and AI-assisted smart fleet health management.
Research Methodology
The market study of the global commercial drones market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of the market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Commercial Drones Market Research and Analysis by Type.
- Global Commercial Drones Market Research and Analysis by Application.
- Global Commercial Drones Market Research and Analysis by End-use.
The Report Covers
- Comprehensive research methodology of the global commercial drones market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global commercial drones market.
- Insights about market determinants that are stimulating the global commercial drones market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- AeroVironment, Inc.
- AguaDrone, LCC
- AUTEL ROBOTICS Co., Ltd.
- BAE Systems PLC,
- Draganfly Inc.
- DRONE VOLT group
- Freefly Systems
- General Atomics Aeronautical Systems, Inc.
- Israel Aerospace Industry
- Kespry Inc.
- Leonardo S.p.A.
- Lockheed Martin Corp.
- Northrop Grumman
- Parrot Drone SAS
- Safran SA
- SYMA International Trade Development Ltd.
- Tata Advanced Systems Ltd.
- Thales Group
- Tiger Innovations Inc.
