The Commercial Drone market is projected to grow from USD 5.32 billion in 2024 to USD 9.34 Billion by 2030, at a CAGR of 11.2% from 2024 to 2030.
The Global Commercial Drone Market is anticipated to register a robust CAGR in the forecast period.
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Recent Developments
September 2021 – The Indian Ministry of Defense and the United States Department of Defense signed a Project Agreement (PA) for an Air-Launched Unmanned Aerial Vehicle (ALUAV) under the Defense Technology and Trade Initiative's Joint Working Group Air Systems (DTD).
The commercial drone market experienced numerous fluctuations during the COVID-19 pandemic. Prospects in certain industries, such as manufacturing and hospitality, significantly narrowed throughout 2020, owing to the cessation of all activities in these domains due to the imposition of lockdowns. However, drones became necessary for general surveillance purposes, particularly to ensure that social distancing protocols were followed.
Increasing Demand for Drones
The growing use of small unmanned aerial vehicles for commercial applications such as aerial photography, filmmaking, precision agriculture, wildlife monitoring, entertainment, relief & rescue operations, research & development, and logistics & transportation is expected to drive market growth. Several engineering firms and other businesses are widely utilizing small drones for a variety of commercial projects. In-depth project inspection, maintenance, transmission cable and oil pipeline inspection are also key commercial applications
Advanced Technologies Will Drive Commercial Drone Market Growth
Drones rely heavily on sophisticated technologies, but most of them are still under development. As few drones can fly without human intervention, autonomous flight technology will advance. Developments in dynamic routing handoffs between machine and human controllers, as well as system-failure responses, will drive demand for commercial drones over the next five years. With improved autonomous control, businesses will pursue previously unattainable applications such as unpiloted and repeated surveillance of pipelines, construction projects, and mines.
The commercial drone is in high demand because it improves productivity by lowering overall costs and improving project graphics visualization.
Strict regulations regarding rising satellite adoption
Strict government regulations related to satellite imagery and national security as a replacement option are expected to hamper the growth of the global commercial drone market. Another factor preventing the growth of the global commercial drone market during the forecast period is the growing utilization of satellite imagery.
Market Segmentation
The Global Commercial Drone Market is segmented by application type, by system, by technology, by type, by payload, by region and competitive landscape. Based on Application, the market is segmented into Delivery & Logistics, Filming & Photography, Inspection & Maintenance, Horticulture & Agriculture, Mapping & Surveying). Based on the System, the market is segmented into hardware and software. Based on the technology, the market is divided into
Company Profiles
SZ DJI technologies Co, Ltd, Parrot Drone SA, AeroVironment, Inc., Holy Stone, Teal Drones Inc., Skydio, Inc, Delair, Insitu, Inc., Yuneec Holding Ltd, and AgEagle Aerial Systems Inc. are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.
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Base Year |
2022 |
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Historical Years |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Billion, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
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Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
· By Application · By System · By Technology · By Type · By Payload |
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Regional Scope |
Asia-Pacific, North America, Europe & CIS, Middle East & Africa, South America |
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Country Scope |
United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, Malaysia, Indonesia, Thailand, South Africa, Saudi Arabia, Turkey, Israel, United Arab Emirates, Argentina, Brazil, Colombia. |
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Key Companies Profiled |
SZ DJI technologies Co, Ltd, Parrot Drone SA, AeroVironment, Inc., Holy Stone, Teal Drones Inc., Skydio, Inc, Delair, Insitu, Inc., Yuneec Holding Ltd, and AgEagle Aerial Systems Inc. |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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