The global commercial drone market size was valued at USD 13.60 billion in 2020 and is expected to expand at a CAGR of 57.2% during the forecast period, 2021–2028. The growth of the market is attributed to owing to their ability to provide ongoing and precise project notifications, survey land, improve safety, and prevent dangerous incidents on construction sites.
Commercial drones, also called as unpiloted aircraft, are used for a variety of commercial purposes including filmmaking and emergency response. Using drones, users can map out elevated infrastructure that may have damaged power lines or unstable roofs, and for search and rescue operations in dangerous and inaccessible locations.
Drones equipped with Artificial Intelligence (AI) can better comprehend surroundings, accurately map areas, track and monitor the movement of specific objects, and provide precise analytical feedback. They also give their users the ability to make real-time and data-driven decisions by ensuring that data is captured, processed, and transferred quickly. Drones with high-speed internet can communicate in high-demand environments and perform tasks such as media sharing, command and control, and autonomous flight.
With the outbreak of the COVID-19 pandemic, governments across the globe imposed several restrictions and measures to curb the virus spread or at least reduce the risk of contamination. Drone technology was seen widely adopted by businesses to monitor their operations and other activities, which had resulted a significant increase in the use of drone. As per the global reports, more than eighteen countries have deployed drones for delivery and transportation purposes during the pandemic.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid proliferation of advanced technologies into the drone system and solutions is expected to boost the market growth.
- Adoption of drones in law and enforcement and wide application of such devices in other industries such as logistic and construction are major key factors of the market.
- Stringent government regulations on the operation of drone system for the privacy and security purpose is a key hurdle anticipated to hinder the market growth rate.
- Lack of trained pilots and experts handling drones is projected to hamper during the forecast period.
- Increasing economic opportunities and transport convenience provided by drones are creating lucrative opportunities for the market growth in the coming years.
Scope of Commercial Drone Market Report
The report on the global commercial drone market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Commercial Drone Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Mapping & Surveying, Precision Agriculture, Surveillance & Monitoring, Filming & Photography, Inspection & Maintenance, and Others), Products (Rotary Blade, Hybrid, and Fixed-wing), and End-users (Energy, Media & Entertainment, Real Estate & Construction, Security & Law Enforcement, Agriculture, Delivery & Logistics, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Parrot Drones SAS; YUNEEC; 3D Robotics; EHANG; and DJI
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Commercial Drone Market Segment Insights
Filming & photography segment to expand at a considerable CAGR
On the basis of applications, the commercial drone market is segmented into mapping & surveying, precision agriculture, surveillance & monitoring, filming & photography, inspection & maintenance, and others. The filming & photography segment is projected to expand at a considerable CAGR during the forecast period. Drones are becoming an integral part of professional photography and photographers are increasingly using them to gain a competitive advantage. On the other hand, the precision agriculture segment is anticipated to account for a major market share during the forecast period as drones have become one of the most important tools for managing farm operations.
Rotary blade segment to account for significant share of the market
In terms of products, the market is divided into rotary blade, hybrid, and fixed-wing. The rotary blade segment is expected to account for significant share of the market due to their ability to maintain a visual on a single target for an extended period of time, hover, and perform agile maneuvering. Moreover, they are becoming more popular for inspection activities. However, the hybrid segment is expected to hold a large market share as it offers combined benefits of batteries and fuel to increase their power and efficiency.
Media & entertainment segment to expand at a considerable CAGR
Based on end-users, the commercial drone market is divided into energy, media & entertainment, real estate & construction, security & law enforcement, agriculture, delivery & logistics, and others. The media & entertainment segment is projected to expand at a considerable CAGR during the forecast period as professional drones are now being used by filmmakers to capture precise frames in the most cost-effective manner possible. However, the delivery & logistics segment is expected to become more prominent as drones are being used in e-commerce warehouses for product warehousing and delivery in response to the growing demand for quick delivery of goods.
North America is anticipated to constitute a key market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to growing demand for effective transport and logistic tools from numerous industries. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period as a favorable regulatory environment particularly among major economies in the region.
Segments
The global commercial drone market has been segmented on the basis of
Applications
- Mapping & Surveying
- Precision Agriculture
- Surveillance & Monitoring
- Filming & Photography
- Inspection & Maintenance
- Others
Products
- Rotary Blade
- Hybrid
- Fixed-wing
End-users
- Energy
- Media & Entertainment
- Real Estate & Construction
- Security & Law Enforcement
- Agriculture
- Delivery & Logistics
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global commercial drone market are Parrot Drones SAS; YUNEEC; 3D Robotics; EHANG; and DJI. Drone manufacturers and providers all over the world are working towards custom-made industry-specific solutions to meet their customers' business needs. Drone technologies have advanced to the point where manufacturers can now produce a wide range of models in a variety of sizes, weights, and shapes that can carry a variety of sensor payloads, making them useful in a wide range of applications.
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