The global commercial drone market size is anticipated to reach USD 501.4 billion by 2028, registering a CAGR of 57.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The rising demand for commercial drones can be attributed to the growing application base across a wide range of end-use verticals, including real estate and construction, media and entertainment, and agriculture. Majority of the end-use verticals that involve a high proportion of operational processes are expected to experience substantial productivity gains from drone usage owing to the automation of business operations.
UAVs
or drones are reinventing old businesses and even creating new prospects. In 2016,
the Federal Aviation Administration (FAA) released regulations related to the
usage of commercial drones that clarified the legal landscape for businesses
and workers. Since then, the industrial applications of commercial drones have
significantly increased. Drones are expected to emerge as versatile tools,
which can transform the existing business operations and help to establish new
startups.
The
prominent industry players are involved in the manufacturing as well as supply
of accessories required for drone operation. Additionally, they provide
applications for Android/iOS-based smartphones and tablets to
efficiently operate and maneuver the drones during flight. These manufacturers
offer drones for various verticals, such as security & law enforcement,
energy, agricultural, retail, media, and entertainment.
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Commercial Drone
Market Report Highlights
- The ability
of drones to perform increasingly complex tasks is likely to improve with
advancements in technologies such as collision avoidance and autonomy
- Commercial
drones are anticipated to become a potential alternative for the logistics
activities of companies, helping them increase their competitive advantage
- Drones are
widely being used to inspect power plants, oil and gas, and other
industrial sites to ensure proper operations and safeguard these sites
- Newer
drone-supportive regulations are expected to lower the entry barriers for
startups providing commercial operations of drones
- The advent of
drones is set to transform the media industry as it allows the journalism
sector to cover news in areas where human entry is prohibited
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Commercial Drone
Market Segmentation
Grand View Research has
segmented the global commercial drone market based on product, application,
end-use, and region:
Commercial Drone
Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)
- Fixed-wing
- Rotary Blade
- Hybrid
Commercial Drone
Application Outlook (Revenue, USD Million, 2016 - 2028)
- Filming & Photography
- Inspection & Maintenance
- Mapping & Surveying
- Precision Agriculture
- Surveillance & Monitoring
- Others
Commercial Drone
End-use Outlook (Revenue, USD Million, 2016 - 2028)
- Agriculture
- Delivery & Logistics
- Energy
- Media & Entertainment
- Real Estate & Construction
- Security & Law Enforcement
- Others
Commercial Drone
Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Asia Pacific
- China
- Australia
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa (MEA)
- UAE
- Israel
- South Africa
List of Key
Players in the Commercial Drone Market
- DJI
- Parrot Drones SAS
- YUNEEC
- 3D Robotics
- EHANG
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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