Commercial Drone Market Size, Share & Forecast Analysis Report 2020-2027

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Commercial Drone Market Size, Share & Forecast Analysis Report 2020-2027

The Commercial Drone Market is projected to grow at a significant CAGR over the forecast period (2020-2027).

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Commercial Drone Market

The Commercial Drone Market is projected to grow at a significant CAGR over the forecast period (2020-2027).

The factors driving the growth of Commercial Drone Market includes the growing demand of drones for inspecting utility pipelines, construction and agriculture related activities and public safety across the globe. Moreover, the increasing Government initiative to facilitate the commercial drone ownership ecosystem, is further augmenting the Commercial Drone Market Growth, for instance, the New Drones Policy initiated by the Government of India, has reduced the number of approvals required for obtaining drone license from 25 to 5. In addition, the rising demand for food delivery and e-commerce products, increasing investments by Venture Capitalists on Unmanned Ariel Vehicles and continuous technological advancements in the drone market, are further supplementing the Commercial Drone Market Share. As per the data available at Statista, the revenue earned from Online Food Delivery worldwide in 2021 was around USD 296.80 billion and is expected to reach US $343.80 billion in 2022, which will propel the Commercial Drone Market Size in the coming years.

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However, the growth of Commercial Drone Market is hindered due to inadequate Air Traffic Control Infrastructure and skilled labor.

The major players operating in the market are TRACE Intelligent Systems, DJI, SZ Dajiang Innovations Technology Co. Ltd, Ascending Technologies GmbH, Parrot S.A., 3D Robotics Inc., Textron Inc., PrecisionHawk USA Inc., AeroVironment Inc. and BAE Systems PLC among others.

Application: Segment Analysis

According to Commercial Drone Market Forecast, the filming & photography segment is expected to expand at a faster CAGR over the forecast period due to rising application of drones in the Media Industry and Ariel Photography.

On the other hand, the precision agriculture segment is expected to lead the market during the forecast period due to its growing application in Agriculture sector for planning crop plantation and monitoring the fields.

End-Use: Segment Analysis

Based on the end-use, the delivery and logistics segment is anticipated to expand at a higher CAGR during the forecast period attributed to growing demand for online shopping and smart devices all over the world.

Regional: Segment Analysis

Based on the region, the North American region is anticipated to grow at a faster CAGR over the forecast period. The growing demand for commercial drones in different industries along with the increasing involvement of Key manufacturers to produce advanced drones, are further accelerating the growth of Commercial Drone Market in North America.

Market Segmentation

Global Commercial Drone Market by Product Type

Fixed-Wing

Rotary Blade

Hybrid

Global Commercial Drone Market by End-Use

Agriculture

Delivery & Logistics

Energy

Media & Entertainment

Real Estate & Construction

Security & Law Enforcement

Others

Global Commercial Drone Market by Application

Filming & Photography

Inspection & Maintenance

Mapping & Surveying

Precision Agriculture

Surveillance & Monitoring

Others

Global Commercial Drone Market by Region

Asia Pacific

China

Japan

India

Rest of APAC

North America

United States of America

Canada

Europe

United Kingdom

Germany

France

Spain

Rest of Europe

RoW

Brazil

South Africa

Saudi Arabia

UAE

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