The Global Commercial Drone Market Size is estimated to expand rapidly in coming years, at a CAGR of 21.01% from 2018 to 2025. In 2017, the global market valuation was USD 2.39 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The drones, also known as unmanned aerial vehicle (UAV) is an aircraft, which is not handled by human aboard. They can be remote operated, semi-autonomous or fully autonomous drones. These drones are part of unmanned aircraft system. These systems include drones, ground stations and communication system between the two. The commercial drone market is anticipated to have substantial growth in the coming decade owing to the technological advancements in the drone components coupled with its rising application areas.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global commercial drone market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global commercial drone market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Industry Analysis

Standard components in commercial drones includes camera, sensors, actuators, microcontrollers and others. The technological evolvement in these components to attain the highly reliable, affordable and eco-friendly drones for various application areas is the key driving factor for the commercial drone market. For instance, by equipping artificial intelligence and machine learning algorithms with drones whereby making it highly efficient to think as human for numerous tasks in various applications. For instance, Google is in progress to develop AI for automated drones with Pentagon for tasks such as tracking storms, inspections of safety purposes, monitoring and patrolling borders. Moreover, in 2016, a U.S. based company Zipline delivered blood to Rwanda for the medical treatment in the rural areas of East African Region through their advanced fleet of drones. Thus, the advancements in the drone manufacturing would propel the global commercial drone market.

However, the commercial drone market is highly risked by the security of national data. The data generated by the drone may risks the privacy of people. Many of the countries including India have no specific norms for the security of the data. Despite, the U.S. have specific norms for the use of drones by Federal Aviation Administration (FAA) such as remote pilot certificate must be issued by FAA to get approval to fly commercially, drones are not allowed to fly directly over the people and several others, however, the lack of clarity of laws and its implementation is expected to deter the global commercial drone market.

Drone Type Insights: Multi-rotor drone is expected to dominate the global commercial drone market during the projected period majorly owing to its prevalence in commercial applications which is attributed to its better rotor mechanism thereby allowing enhanced flight control. Its numerous applications comprise of mapping, surveillance, monitoring, higher payloads and others. Thus, offering significant revenue growth in the global commercial drone market. For instance, Intel Falcon 8+ drone is a multi-rotor drone developed to be used for numerous industries. Its features include high payload and also have capabilities to capture data for 3D construction with accuracy.

Mode of Operation Analysis: Fully automated drones in the global commercial drone market are anticipated to grow significantly over the forecast period primarily attributed to the involvement of artificial intelligence, machine learning algorithms and advanced microcontrollers which leads drone to operate on their own, without human intervention. It makes tasks accurate and highly reliable and affordable. For instance, Intel offers Intel® Sirius™ Pro drone which have capabilities to perform fully automated flights without set ground control points, thereby, helps in reducing time and cost thereby enhancing the revenue growth in the global commercial drone market

End Use Industry Insights: In terms of end-use industry, agriculture stands to hold one of the key markets in the commercial drone market owing to the increasing prevalence of precision farming. Earlier, precision farming was the only satellite-based farming method which observes, measures and responds to the variability of crops. However, with the rapid evolvement of technology from satellite-based monitoring to drone based monitoring of field that helps in providing enhanced quality of image of the precise field. Other vital applications include soil and filed analysis which provides data for nitrogen level, crop spraying, production of 3D map for farm analysis and others. For instance, Drone Seed is a company working towards the mission to reduce cost of planting, techniques for ariel planting and to make reforestation easy via drones in the commercial drone market. The drone is approved by the U.S. FAA to be used to deliver payloads such as water, fertilizers and herbicides. At present, with the collaboration of the government, the drone is successfully working in Southwest and Northwest U.S. thereby nudging the growth of the commercial drone market.

Regional Analysis

The global commercial drone market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is anticipated to dominant the commercial drone market over the forecast period majorly owing to the increasing government activities for widening the use of commercial drones in the region. The U.S. government, in 2017, initiated the program towards the testing of drones which includes flights flown over people, nighttime operation and others. Moreover, the region comprises of the established market players such as 3D robotics, Precision Hawk and several others which is contributing to the global commercial drone market growth. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.

Global Commercial Drone Market Size, Share Analysis By Region 2017

Key Players Landscape

The key vendors in the commercial drone market are Intel Corporation, Drone Deploy, Amazon Prime Air, Yuneec International, PrecisionHawk, Hoverfly Technologies, Airware DJI, Airobotics, AeroVironment and Ehang Inc among several others. Product launch, mergers & acquisitions, partnership and collaborations are the key underlying strategies adopted by companies to gain market share in commercial drone market. For instance, Yuneec International, a Chinese based manufacturer has upgraded the version of Typhoon H drone which is composed of new camera, Intel’s RealSense technology and noise reducing frame in 2018. This device features an advanced obstacle navigation and collision prevention system that uses sonar sensors and can also capture high quality selfie from 150ft. These activities by the companies would gain traction in the global commercial drone market.

Global Commercial Drone Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.