Commercial Drone Market

Commercial Drone Market by Applications (Mapping & Surveying, Precision Agriculture, Surveillance & Monitoring, Filming & Photography, Inspection & Maintenance, and Others), Products (Rotary Blade, Hybrid, and Fixed-wing), End-users (Energy, Media & Entertainment, Real Estate & Construction, Security & Law Enforcement, Agriculture, Delivery & Logistics, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3592
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 210
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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 Drone Market

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 the 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.

Attributes

Details

Report Title

Commercial Drone Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

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)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Parrot Drones SAS; YUNEEC; 3D Robotics; EHANG; and DJI

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.

Commercial Drone Market

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.

Commercial Drone Market

Segments

Segments Covered in the Report

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

  • Parrot Drones SAS
  • YUNEEC
  • 3D Robotics
  • EHANG
  • DJI

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.

Commercial Drone Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Commercial Drone Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Commercial Drone Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Commercial Drone Market - Supply Chain
  4.5. Global Commercial Drone Market Forecast
     4.5.1. Commercial Drone Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Commercial Drone Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Commercial Drone Market Absolute $ Opportunity
5. Global Commercial Drone Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Commercial Drone Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Commercial Drone Demand Share Forecast, 2019-2026
6. North America Commercial Drone Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Commercial Drone Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Commercial Drone Demand Share Forecast, 2019-2026
7. Latin America Commercial Drone Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Commercial Drone Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Commercial Drone Demand Share Forecast, 2019-2026
8. Europe Commercial Drone Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Commercial Drone Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Commercial Drone Demand Share Forecast, 2019-2026
9. Asia Pacific Commercial Drone Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Commercial Drone Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Commercial Drone Demand Share Forecast, 2019-2026
10. Middle East & Africa Commercial Drone Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Commercial Drone Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Commercial Drone Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Commercial Drone Market: Market Share Analysis
  11.2. Commercial Drone Distributors and Customers
  11.3. Commercial Drone Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

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

  • Parrot Drones SAS
  • YUNEEC
  • 3D Robotics
  • EHANG
  • DJI

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.

Commercial Drone Market

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