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    Commercial Drone Market Report

    Commercial Drone Market Report
    Report code - SR1730 Delivery - 2 Weeks
    Commercial Drone Market Size, Share, Trend, Forecast, & Industry Analysis – 2022 See more...

    Market Insights

    Commercial Drone Market is likely to witness a CAGR of 58% during the forecast period. Major factors driving the growth of the market are widespread adoption of drones for commercial applications and relative technology developments. In addition, the surge in adoption of commercial drones across municipal and industrial enterprises along with expanding revenue opportunities in the agriculture sector is expected to significantly contribute to the market demand during the forecast period

    Commercial Drone Market – Snapshot

    Growth

    58% for the next five years

    Major Product Type

    Rotary Blade

    Major Application Type

    Filming & Photography

    Major End-Use Type

    Media & Entertainment

    Region with the highest demand

    Asia-Pacific

    Key Players

    Aeronavics Ltd., AeroVironment Inc., Autel Robotics, DJI, Draganfly Innovations Inc., EHang, Inc., Intel Corporation, Parrot Drones SAS, PrecisionHawk Inc., and YUNEE

     

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    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

    Commercial Drone Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    1

     

    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)

    Key Players

    Some of the key players in the Commercial Drone market are:
    • Aeronavics Ltd.
    • AeroVironment Inc.
    • Autel Robotics
    •  DJI
    •  Draganfly Innovations Inc.
    • EHang, Inc.
    •  Intel Corporation
    •  Parrot Drones SAS
    •  PrecisionHawk Inc.
    •  YUNEEC

    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 Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factor

    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

    Frequently Asked Questions (FAQs)

    Commercial Drone Market is likely to witness a CAGR of 58% during the forecast period.

    In terms of regions, Asia-Pacific is expected to register the fastest growth in the commercial drone market during the forecast period.

    Aeronavics Ltd., AeroVironment Inc., Autel Robotics, DJI, Draganfly Innovations Inc., EHang, Inc., Intel Corporation, Parrot Drones SAS, PrecisionHawk Inc., and YUNEEC are some of the leading players in the market.

    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

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