Market Segments' Analysis
Commercial Drone Market Share: By Product Type
Based on the product type, the market is segmented as fixed wing drone, rotary blade drone and hybrid drone. The rotary blade drone segment accounted for the largest share of the market in 2021, and is expected to maintain its indubitable lead during the forecast period as well. The ability to maintain a visual on a single target for a long time and to hover and perform agile maneuvering drives the demand for rotary blade drones, which is expected to increase for inspection activities in the coming years
Commercial Drone Market Share: By Application
Based on the application type, the market is segmented as filming & photography, inspection & maintenance, mapping & surveying, precision agriculture, surveillance & monitoring, and others. The filming & photography segment accounted for the largest share of the market in 2021, and is expected to maintain its incontestable position during the forecast period. The growth of the segment is owing to the fact that drones are becoming an essential part of professional photography. Furthermore, landscapes and areas that remained inaccessible earlier can now be easily captured with the help of drones, which drives the segment’s growth over the forecast period.
Commercial Drone Market Share: By Region
In terms of regions, Asia-Pacific is expected to register the fastest growth in the commercial drone market during the forecast period. The regional demand for commercial drones is estimated to exceed 9 million units by 2028, surpassing North America. The regional market growth is expected to be supported by a favorable regulatory landscape, especially among the developed nations. The growth of the market is further driven by several governments working incessantly on formulating new regulations for the commercial applications of drones. Furthermore, with numerous start-up companies testing new applications of drones for commercial purposes and working on enhancing the safety of the drones, the market is all set to experience unprecedented growth opportunities over the forecast period
Market Scope & Segmentation
Commercial Drone is an unmanned aerial vehicle (UAV) used for commercial applications. It is a type of aircraft that can fly without any human pilot, and boards no crew or passengers. For them to function, they include a ground-based controller and a system of communications with the UAV. They may operate either under remote control by a human operator, as remotely-piloted aircraft (RPA), or with various degrees of autonomy, such as autopilot assistance, up to fully autonomous aircraft, having no provision for human intervention
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market
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Commercial Drone Market Research Report - Features
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Market Segmentation
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4
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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1
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The Commercial Drone Market is segmented into the following categories
Commercial Drone Market Size, Share, & Forecast, by Product Type:
- Fixed Wing Drone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Rotary Blade Drone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hybrid Drone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Commercial Drone Market Size, Share, & Forecast, by Application Type:
- Filming & Photography (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Inspection & Maintenance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Mapping & Surveying (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Precision Agriculture (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Surveillance & Monitoring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Commercial Drone Market Size, Share, & Forecast, by End-Use Type:
- Agriculture (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Delivery & Logistics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Media & Entertainment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Real Estate & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Security & Law Enforcement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Commercial Drone Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation by any one of the product types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across End-Uses. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
