Commercial Drone Market Demand By Manufacturers, Countries, Type and Application, Forecast to 2030 – CAGR of 57.5% during the forecast period
New Jersey, United States- The Market Research report 2023-2030 is an in-depth analysis of the Global Commercial Drone Market. On the basis of historic growth analysis and the current scenario of the Commercial Drone Market place, the report intends to offer actionable insights into Global market growth projections. Authenticated data presented in the report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate a deeper understanding of multiple aspects of the Global Commercial Drone Market. This further helps users with their developmental strategy.
The global Commercial Drone Market size was valued at USD 13.44 Billion in 2022. It is expected to expand at a compound annual growth rate (CAGR) of 57.5% from 2023 to 2030.
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What Is The Commercial Drone Market Overview?
In terms of quantity, it was anticipated that in 2020 there would be a demand for 689,4 thousand units. There are currently a variety of applications for drones, including cinematography and emergency response. In addition, the real estate and construction industries have a high demand for these devices due to their ability to survey land, provide continuous and accurate project alerts, increase safety, and prevent hazardous accidents on construction sites. There has been a significant increase in the number of commercial use cases for drones over the past few years. Market participants, such as companies that manufacture drones and companies that provide software solutions, are constantly inventing, testing, and enhancing products that can be used in multiple markets. In industries with high labor costs and crime rates, traditional use cases such as security, surveillance, and monitoring are expected to increase the most. Search and rescue operations and mapping out elevated infrastructure that may have damaged electrical lines and unstable rooftops are two of the most common applications of drones in dangerous and inaccessible areas. Additionally, drones are widely utilized in the construction industry.
Who are the Top key players in the Commercial Drone market?
Yuneec Holding Ltd, Skydio, Inc., Parrot Group, Intel Corporation, Teal Drones, Ehang Holdings Limited, AeroVironment Inc., 3D Robotics, Inc., and Others.
Competitive Landscape:
- February 2022 – Saudi Arabia and a significant territorial media communications organization declared a cooperation to foster commercial drone’s innovation. An update of understanding was endorsed between the King Abdulaziz City for Science and Technology and Zain Saudi Arabia. The two will cooperate on drone innovative work, as indicated by the Saudi Press Agency.
- Under the Trade Initiative’s Joint Working Group Air Systems andDefense Technology, the United States and India’s Ministry of DefenseDepartment of Defense settled on a Project Arrangement for an Air-Launched Unmanned Aerial Vehicle in September 2021.
Which Is the Most potential Commercial Drone market segment?
By Product
- Fixed-wing
- Rotary Blade
- Hybrid
By Application
- Filming & Photography
- Inspection & Maintenance
- Mapping & Surveying
- Precision Agriculture
- Surveillance & Monitoring
- Others
By End-use
- Agriculture
- Delivery & Logistics
- Energy
- Media & Entertainment
- Real Estate & Construction
- Security & Law Enforcement
- Others
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Which Region Dominated The Commercial Drone Market?
In terms of volume, North America held the largest market share of approximately 37.0% in 2020 and is expected to experience significant growth over the next seven years due to favorable government initiatives, advancements in drone technology, and the rising demand from businesses in a variety of industries. Also, the U.S. Federal Aviation Administration (FAA) has put out new rules to make it easier to understand how UAVs can be used safely and legally in business settings. It is hoped that these laws and rules will make it easier for businesses to get into the area and make it easier for people to buy their products.
Asia-Pacific is expected to have the most growth in volume between 2021 and 2028, at a rate of 63.1% per year. By 2028, the area will need more than 9 million commercial drones, which is more than North America.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Commercial Drone Market these regions, from 2020 to 2026 (forecast), covering
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Columbia, etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
- Historical Years: 2017-2021
- Base Year: 2022
- Estimated Year: 2022
- Forecast Period: 2023-2030
What Is The Main Objective of the Report?
The Global Commercial Drone market report provides a holistic evaluation of the market for the forecast period (2022-2030). The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. The Commercial Drone market report growth depends on product application, type, technology, and region. An extended view of regional analysis aims to bring readers closer to market opportunities and risks. It also examines the economic scenarios with the impact of Covid-19 analysis is expected to grow the market on a large and small scale.
Strategic Points Covered in Table of Content of Commercial Drone Market:
Chapter 1: Introduction
Chapter 2. Executive Summary
Chapter 3. Industry Outlook
3.1. Commercial Drone Global Market segmentation
3.2. Commercial Drone Global Market size and growth prospects, 2015 – 2026
3.3. Commercial Drone Global Market Value Chain Analysis
3.3.1. Vendor landscape
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Porter’s Analysis
3.6.1. Threat of New Entrants
3.6.2. Bargaining Power of Buyers
3.6.3. Bargaining Power of Buyers
3.6.4. Threat of Substitutes
3.6.5. Internal Rivalry
3.7. PESTEL Analysis
Chapter 4. Commercial Drone Global Market Product Outlook
Chapter 5. Commercial Drone Global Market Application Outlook
Chapter 6. Commercial Drone Global Market Geography Outlook
6.1. Commercial Drone Industry Share, by Geography, 2022 & 2030
6.2. North America
6.2.1. Commercial Drone Market 2022 -2030 estimates and forecast, by product
6.2.2. Commercial Drone Market 2022 -2030, estimates and forecast, by application
6.2.3. The U.S.
6.2.4. Canada
6.3. Europe
6.3.3. Germany
6.3.4. the UK
6.3.5. France
Chapter 7. Competitive Landscape
Chapter 8. Appendix
Customization of the Report: This report can be customized as per your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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