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Commercial Drone Market Trend & Segmentation, by Product, by Mode of Operation, by Application, by Region; Trend Analysis, Competitive Market Share & Forecast, 2016-26

  • ID: 4997120
  • Report
  • January 2020
  • Region: Global
  • 125 pages
  • Blueweave Consulting & Research Pvt Ltd
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The Global Market for Commercial Drone is predicted to grow at a 23.6% CAGR during 2020-2026 period owing to the rising implementation of machine learning algorithms and AI to enhance the capabilities of autonomous drones. The fixed-wing drones segment expected to boost market growth at a significant rate. Fixed-wing drones are preferred in activities such as topographical surveys, aerial mapping, and terrain modeling in larger areas due to their long-term flying ability at high altitudes. Followed by fixed-wing drones, the hybrid drones segment expected to contribute substantially to the global market over the forecast period based on the fact that they can provide increased range, power, and payload size compared to their battery-powered counterparts.

Due to the increasing demand for improved information to enable better and more practical insights into results, machine learning and AI are integrated in the commercial drones . One factor driving their demand in commercial industries is the ability of Unmanned Aerial Vehicles (UAVs) to execute hazardous activities with higher precision and cost-effectiveness compared to conventional methods, including inspecting utility pipelines.

Technologically Advanced Products driving demand of Commercial Drone during the forecast period

Camera digitization and technological advances, drone features, mapping software, multidimensional imaging, and sensor applications are going to drive the growth of the demand for commercial drones throughout the forecast period. Persistent technology advances and the introduction of technologically advanced devices, such as Mavic Pro from SZ DJI Technology Co., Ltd.; Hero5 camera from GoPro, Inc.; SPECTRO XR (Extra Range), a multispectral electro-optic system from Elbit Systems Ltd.; and M-19HD from Israel Aerospace Industries Ltd. introduced by industry players, have raised drone market demand in forecast period. North America accounted for the largest revenue market share in 2019 and is projected to continue to dominate during the forecast period as a result of favorable government initiatives to develop drone technology coupled with growing industry demand for drone-acquired data.

Expanding industrial applications of drones predicted to be the significant market-driven of Commercial Drone across the globe

The growing demand for drones in various commercial applications, rapidly growing approvals from regulatory bodies such as the FAA to drone companies, coupled with increasing investments in drone companies, are amongst the main reasons for driving the global market for commercial drones over the forecast period. Moreover, the use of drones in industrial applications offers enhanced productivity through improvement in graphics visualization and also reduces the cost of the project.

During various phases of disaster management, commercial drones seem to be very useful because they support search and recuse teams to find disaster-affected areas and assist during disaster response. Drones also help emergency managers in determining a critical situation and preventing entry into a dangerous zone. The use of drones has proved notable improvement in the accuracy of surveying, primarily in the construction and real estate sector. The growing demand for drones in commercial applications is expected to create new job opportunities and add value to end-user segments.

Commercial Drone: Competitive Landscape

The major market players in the Commercial Drone are focusing on explaining their portfolio of services in the global market. Such as The Boeing Company, Parrot SA, 3D Robotics, Strat Aero, Thales Group, Lockheed Martin Corporation, Textron Inc., Israel Aerospace Industries, Northrop Grumman, Prox Dynamics AS, Turkish Aerospace Industries Inc. and other prominent players.

The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Commercial Drone market size & forecast. The report promises to provide state-of-the-art technology of Commercial Drone and industry insights which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
Note: Product cover images may vary from those shown
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1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation

3. Executive Summary

4. Global Commercial Drone Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Regulatory Framework
4.5. Company market share analysis,2018
4.6. Porter’s Five forces analysis
4.6.1. Bargaining Power of Suppliers
4.6.2. Bargaining Power of Buyers
4.6.3. Threat of New Entrants
4.6.4. Threat of Substitutes
4.6.5. Intensity of Rivalry
4.7. Strategic Outlook

5. Global Commercial Drone Market Overview
5.1. Market Size & Forecast 2016-2026
5.1.1. By Value (USD)
5.2. Market Share & Forecast
5.2.1. By Type Fixed Wing Drones Nano Drones Rotary Bade Drones Hybrid Drones
5.2.2. By Mode of Application Remotely Operated Semi-Autonomous Autonomous
5.2.3. By Application Aerial Photography Agriculture Emergency Management Inspection & Monitoring Remote Sensing & Mapping Wildlife Research & Preservation Others
5.2.4. By Region North America Europe Asia Pacific Latin America Middle East & Africa

6. North America Commercial Drone Market
6.1. Market estimates & forecast
6.1.1. By Type
6.1.2. By Mode of Application
6.1.3. By Application
6.1.4. By Country U.S Canada Mexico

7. Europe Commercial Drone Market
7.1. Market estimates & forecast
7.1.1. By Type
7.1.2. By Mode of Application
7.1.3. By Application
7.1.4. By Country Germany U.K France Italy Rest of Europe

8. Asia Pacific Commercial Drone Market
8.1. Market estimates & forecast
8.1.1. By Type
8.1.2. By Mode of Application
8.1.3. By Application
8.1.4. By Country China India Japan South Korea Rest of APAC

9. Latin America Commercial Drone Market
9.1. Market estimates & forecast
9.1.1. By Type
9.1.2. By Mode of Application
9.1.3. By Application
9.1.4. By Country Brazil Mexico Argentina Rest of Latin America

10. Middle East & Africa Commercial Drone Market
10.1. Market estimates & forecast
10.1.1. By Type
10.1.2. By Mode of Application
10.1.3. By Application
10.1.4. By Country Saudi Arabia UAE South Africa Rest of MEA

11. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)*
11.1. The Boeing Company
11.2. Parrot SA
11.3. 3D Robotics
11.4. Strat Aero
11.5. Thales Group
11.6. Lockheed Martin Corporation
11.7. Textron Inc.
11.8. Israel Aerospace Industries
11.9. Northrop Grumman
11.10. Prox Dynamics AS
11.11. Turkish Aerospace Industries Inc
11.12. Intel Corporation
11.13. Hubsan
11.14. Precision Hawk
11.15. YUNEEC
11.16. Other Prominent Players
Note: Product cover images may vary from those shown
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