Commercial Drones Industry Market Analysis Applications and Market Segmentation 2030

The commercial drones market is growing rapidly, driven by the increasing adoption of drones across various industries such as agriculture, construction, transportation, and logistics, among others. The market is expected to register a CAGR of over 23.9% during the forecast period.

The use of drones in agriculture is rapidly increasing, with drones being used for crop mapping, monitoring, and spraying. The use of drones in construction is also on the rise, with drones being used for site surveys, progress monitoring, and safety inspections. In the transportation and logistics industry, drones are being used for package delivery and warehouse inventory management, among other applications.

The growing demand for unmanned aerial vehicles (UAVs) in military and defense applications is also driving the growth of the commercial drones market. UAVs are increasingly being used for surveillance, intelligence gathering, and reconnaissance purposes.

The commercial drones market is characterized by the presence of numerous players, ranging from startups to established players. The market is highly competitive, with players focusing on innovation and product differentiation to gain a competitive edge.

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Top 10 Companies Operating in the Global Keyword Market:

DJI, Parrot Drones, Zipline International, Hardis Group, 3D Robotics, INSITU, Flirty, Matternet, PrecisionHawk, Uber Technologies, and Flytrex Aviation Limited, among others.

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The global market is further segmented into type and application:

Application Outlook (Revenue, USD Billion; 2019-2030)

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

Product Type Outlook (Revenue, USD Billion; 2019-2030)

• Fixed Wing
• Rotary Blade
• Hybrid
• Others

Operation Outlook (Revenue, USD Billion; 2019-2030)

• Autonomous
• Semi-autonomous
• Remotely Operated

Industry Vertical Outlook (Revenue, USD Billion; 2019-2030)

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

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further key findings from the report suggest

• By product type, rotary blade drones dominated the market in 2019. The main benefit of rotary commercial drones is the capability for vertical takeoff and landing, enabling the user to operate within a smaller surrounding area. Their ability to hover and perform agile maneuvering makes rotary-wing drones appropriate to applications such as inspections where accuracy maneuvering and the ability to uphold a visual on a single target for prolonged periods of time is required.
• By mode of operation, autonomous commercial drones are likely to witness the fastest growth rate in the period 2020-2027
• By application, filming & photography contributed to the largest market share of over 25.0% in 2019. The advantage of using commercial drones for filming & photography is that it enables to take images from a higher perspective. The majority of drones, predominantly the ones made for advanced users, have built-in cameras that have the ability to rotate and swivel to let the operator to capture photos and videos from varied angles.
• By industry vertical, construction and real estate is projected to grow at a rate of 51.7% in the forecast period. Drones can fly in unreachable and hazardous areas and gather data easily, while providing real-time information, resulting in significant enhancement in surveying precision.
• The market in the Asia Pacific region is likely to grow at the fastest rate of 54.1% in the forecast period, attributed to heavy investments made by the Indian and Chinese companies into drone delivery technology, as well as growth of the end-user industries.

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