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Wednesday, August 23, 2023

Commercial Drones Market Size, Share, Trends, Report and Global Forecast 2023-2028

The ‘Global Commercial Drones Market Share, Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global commercial drones market, assessing the market on the basis of its segments like product types, applications, end uses, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2022): About USD 30.6 Billion
  • Forecast CAGR (2023-2028): 35.2%
  • Forecast Market Size (2028): Nearly USD 195.1 Billion

The surging implementation of drones in mapping and surveying activities is a significant commercial drones market driver. Aided by technological advancements, the development of advanced drones with improved control, enhanced imaging, reliability, and ability to carry heavy loads is significantly increasing.

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The demand for advanced drones is rapidly rising in applications like precision agriculture, aerial imaging, cargo management, and traffic monitoring, among others. Moreover, the growing potential of drones in the entertainment sector to capture cinematic views and enhance the visual experience of viewers is aiding the market. With advancements in cameras and imaging technologies, the commercial drones market is expected to experience a healthy growth during the forecast period.

Law enforcement and security organisations are increasingly using drones for monitoring and surveillance applications to enhance their security and preparedness. Moreover, commercial drones are used for the delivery of necessities, like medical supplies, water, and food, during health emergencies, man-made disasters, and natural calamities, among others.

Commercial Drones Industry Definition and Major Segments

Commercial drones, various known as unmanned aerial vehicles (UAVs), are used to carry out highly detailed imaging for business and industrial purposes. Some applications of such drones include 3D mapping, surveying, photography, and videography. A drone for commercial purposes can be available in various forms such as a quadcopter, octocopter, hexacopter, or other multi-rotor type craft. These drones are operated remotely on the ground by trained and professional pilots or fly according to automated flight routes.

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The commercial drones market segmentation, based on product types, includes:

  • Fixed Wing
  • Rotary Blade
  • Hybrid

Based on its applications, the market can be categorised into:

  • Filming and Photography
  • Inspection and Maintenance
  • Mapping and Surveying
  • Precision Agriculture
  • Surveillance and Monitoring
  • Others

Based on end use, the market segmentations include:

  • Agriculture
  • Delivery and Logistics
  • Energy
  • Media and Entertainment
  • Real Estate and Construction
  • Security and Law Enforcement
  • Others

The major regions in the market are:

  • North America
  • Europe
  • Middle East and Africa
  • Latin America
  • Asia Pacific

Commercial Drones Market Trends

Commercial drones are gaining popularity across a various sectors due to their affordability and time efficiency as compared to conventional methods of data collection and processing. Governments around the world are encouraging the use of commercial drones for a variety of purposes, including infrastructure and agriculture monitoring, enhancing public safety, and conducting search and rescue operations.

Commercial drones are increasingly used in infrastructure inspection, photogrammetric surveys, and forest monitoring activities. With the rising utilisation of advanced ADS-B transponder technologies, the operator can receive precise positional information from such aerial vehicles.

Governments in the Asia Pacific region are increasingly investing to accelerate advancements in drone technology. In addition, due to the presence of large manufacturers like DJI and TerraDrone, the commercial drones market in Asia Pacific is expected to experience exponential growth during the forecast period.

Key Market Players

The major players in the commercial drones market report include:

  • Aeronavics Ltd.
  • AeroVironment, Inc.
  • Autel Robotics
  • SZ DJI Technology Co., Ltd.
  • Draganfly Inc.
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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