Commercial Drones Market Size, Key Players, Global Opportunities, Latest Insights and Forecast 2023-2028

According to IMARC Group’s latest report, titled “Commercial Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global commercial drones market size reached US$ 16.06 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 71.99 Billion by 2027, exhibiting a growth rate (CAGR) of 26.60% during 2022-2027.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021

Historical Period: 2016-2021

Forecast Period: 2022-2027

Global Commercial Drones Market Overview:

Commercial drones represent unmanned aerial vehicles (UAVs) designed for industrial purposes rather than personal or recreational usage. They are integrated with several components, such as flight control computers, thermal cameras, ultrasonic and collision avoidance sensors, receivers, global positioning systems (GPS), etc. Commercial drones aid in mapping areas and gathering real-time data while surveying and performing superior-quality aerial filming and photography. They prove extremely effective in risk mitigation, weather monitoring, urban planning, farm management, traffic controlling, green mapping, research and excavation, etc. Consequently, commercial drones find extensive applications across various sectors, including agriculture, delivery and logistics, energy, media and entertainment, construction, security and law enforcement, etc.

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Global Commercial Drones Market Trends:

The growing need for intelligent UAVs with high-resolution cameras and state-of-the-art sensors to perform numerous business-related operations is among the key factors driving the commercial drones market. In addition to this, the expanding location-based services, such as e-commerce shipping, tourism, food delivery, and social networking, and the elevating requirement for speeding-up distribution procedures are acting as significant growth-inducing factors. Apart from this, the launch of smart commercial drones with built-in compliance technologies to facilitate efficacious flight control is also positively influencing the global market.

In line with this, the development of new products incorporated with three-dimensional (3D) mapping, automatic dependent surveillance-broadcast or ADS-B transponder solutions, artificial intelligence (AI), and machine learning (ML), that assist in geographical mapping, tracking multiple objects, and offering analytical insights after capturing, transferring, and processing data is further stimulating the market growth. Moreover, the increasing use of the drone variants in the agricultural segment to promote sustainable growth of crops by delivering information related to climate change to farmers is expected to bolster the commercial drones market in the coming years.

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Commercial Drones Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the commercial drones market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Aeronavics Ltd.
• AeroVironment Inc.
• Autel Robotics
• Delair
• Insitu Inc.
• Leptron Unmanned Aircraft Systems Inc.

Key Market Segmentation:

The report has segmented the global  commercial drones market on the basis of weight, system, product, mode of operation, application and end use.

Breakup by Weight:

• <2 Kg
• 2 Kg-25 Kg
• 25 Kg-150 Kg

Breakup by System:

• Hardware
  • Airframe
  • Propulsion System
  • Payloads
  • Others
• Software

Breakup by Product:

• Fixed Wing
• Rotary Blade
• Hybrid

Breakup by Mode of Operation:

• Remotely Operated
• Semi-Autonomous
• Autonomous

Breakup by Application:

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

Breakup by End Use:

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

Breakup by region:

• China
• India
• European Union
• United States
• Brazil
• Others

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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