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Pulished Date August, 2021
ID: 11932
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Commercial Drone Market Research Report - Segmented By Type (Fixed Wing Rotary Blade And Hybrid Type), By Application (Filming And Photography, Inspection And Maintenance, Mapping And Surveying, Precision Agriculture, Surveillance And Monitoring), By End Use (Agriculture, Delivery And Logistics, Energy, Media And Entertainment, Real Estate And Construction, Security And Law Enforcement) And By Geography – Forecast (2021-2026)

Pulished: August, 2021
ID: 11932
Pages: 150

Commercial Drone Market Size & Growth (2021-2026):

The Commercial Drone Market was worth US$ 20.8 billion in 2021, and it is estimated to reach a valuation of US$ 501.4 billion by the end of 2026, expanding at an annual growth rate of 57.5% between 2021 and 2026.

The drones are generally used for multiple locations which range from filmmaking to emergency response. The growing demand for Unmanned Aerial Vehicles for military purposes is a factor that is expected to lead the Commercial Drone market during the forecast period.

Recent Developments:

  • DJI company has developed a new DJI air 2S in the month of April 2021 whereas this compact camera drone is an all in one answer for effective flight but also with high-level grade preprogrammed substance creation devices.
  • Northrop Grumman Corporation has signed a deal with the US navy in the month of March 2021 to prototype and incorporate assimilation sense and also to avoid the competencies into his high altitude, long-endurance MQ-4C triton autonomous system which is used to enable its secure functioning in shared airspace with the manned aircraft.
  • EHang Company has collaborated with Giancarlo Zema Design group in the month of March 2021 to develop an eco-sustainable vertiport in Italy.
  • General Atomics Aeronautical Systems has carried out flight demonstrations of captive carrying Sparrow Hawk small unmanned aircraft systems in the month of September 2020, whereas the Sparrow Hawk aircraft is an airborne launch and recovery demonstrator aircraft tailored to suit GS-ASI platforms and it is based on attritableONE technologies of the advanced battle management system.

Commercial drone market drivers:

Several benefits such as the increasing adoption of commercial drones across the different parts of the world is expected to play an essential role in the growth of the market of Commercial Drone across the globe. Other factors such as technology innovation and advancement, rising demand of high-resolution satellite imagery and research and development initiatives influence the growth of the Commercial Drone market during the forecast period. Rising demand for aerial services, growing adoption of smartphones, increased demand for drone services from various sectors players are some of the major driving factors which promote the growth of the revenue rate of the Commercial Drone market during the forecast period.

Commercial drone market restraints:

Privacy issues and national security regulations, high cost of drones is one of the important barriers to market growth. Also, the stringent regulations from the government regarding the national security and satellite imagery which acts as a substitute option, increasing adoption of satellite imagery are some of the restraints that restraints the growth of the Commercial Drone market.

REPORT COVERAGE:

 

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

57.5%

Segments Covered

By type, By application, By end use

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Parrot SA, 3D Robotics, Inc., Leptron Unmanned Aircraft Systems, Inc., AeroVironment, Inc., SZ DJI Technology Co., Ltd., PrecisionHawk Inc., Yuneec International Co. Ltd., Aeryon Labs Inc., Trimble Navigation Ltd., Insitu Inc.

Market Segmentation:

The Commercial Drone market is segmented based on type, based on application and based on end-use.

By typethe Commercial Drone Market is bifurcated into fixed-wing rotary blade and hybrid type. The rotary blade segments held the prominent share and are predicted to remain at the forefront throughout the forecast period due to their ability to maintain a visual on a single target for a long time and to hover and perform the agile manoeuvring.

By applicationthe Commercial Drone Market is divided into filming and photography, inspection and maintenance, mapping and surveying, precision agriculture, surveillance and monitoring and other types of application. Among these segments, the filming and photography segment holds the major share of the market and this segment is expected to hold dominance during the forecast period since nowadays, these drones are becoming an essential part of professional photography.

By end-usethe Commercial Drone Market is segmented into energy, media and entertainment, real estate and construction, security and law enforcement, agriculture, delivery and logistics and other end users. The media and entertainment management segment held prominent share of the market among the other segments due to the increasing demand from clients and owners for advertising resorts, public places and amusement parks through aerial photography, hotels, and tourist spots.

Regional Analysis:

On the basis of region, the Commercial Drone market is segmented into 

  • North America
  • Euorpe 
  • Asia Pacific
  • Latin America 
  • Middle east and Africa 

North America region holds a prominent share of the market due to the factors such as favourable government initiatives, advancements in technology that propels the growth of the market. Furthermore, growing demand from businesses across various industries, gradual rise in Commercial Drone adoption in the region especially in some of the countries such as the US, Canada and Mexico propel the growth of the market.

Asia Pacific region is also expected to increase the market growth due to the favourable regulatory landscape in some of the major economies of the region such as India, China and Japan propel the growth of the revenue rate of the enterprise's software market during the forecast period. Furthermore, the increase of investments by the major key players of the market for R & D activities and also for the new advancements in the technology is also one of the major driving factors which promote the growth of the revenue rate of the Commercial Drone market.

Europe is next in leading the highest shares of the market. Increasing awareness and rapid of the latest technologies in industries are promoting the growth rate of the market.

Latin America and Middle East & Africa are likely to have significant growth opportunities in the coming years.

Key Players:

Key market participants of the Commercial Drone market are Parrot SA, 3D Robotics, Inc., Leptron Unmanned Aircraft Systems, Inc., AeroVironment, Inc., SZ DJI Technology Co., Ltd., PrecisionHawk Inc., Yuneec International Co. Ltd., Aeryon Labs Inc., Trimble Navigation Ltd., Insitu Inc.

Impact of COVID 19 for Commercial Drone Market:

Due to the COVID 19 pandemic, there is a gradual rise in utilization of drone technology across various scenarios since these drones proving to be of immense assistance in such situations. Since these drones are widely adopted in the healthcare sector for lab sample pickup and delivery as well as transportation of medical supplies for reducing the transportation turnaround time, the business will expand more and will reach impeccable growth during the outlook period.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods 

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Commercial Drone Market, By Type                

                                6.1.1 fixed wing rotary blade      

                                6.1.2 hybrid type             

      6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Commercial Drone Market, By Application                    

                                6.2.1 filming and photography  

                                6.2.2 inspection and maintenance           

                                6.2.3 mapping and surveying     

                                6.2.4 precision agriculture           

                                6.2.5 surveillance and monitoring            

      6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.7 Y-o-Y Growth Rate Analysis              

                                6.2.8 Market Attractiveness Index           

                6.3 Commercial Drone Market, By end use                          

                                6.3.1 agriculture              

                                6.3.2 delivery and logistics           

                                6.3.3 energy      

                                6.3.4 media and entertainment

                                6.3.5 real estate and construction            

                                6.3.6 security and law enforcement        

       6.3.7 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.8 Y-o-Y Growth Rate Analysis              

                                6.3.9 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2021 - 2026)      

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application       

                                7.2.4 By end use              

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application       

                                7.3.4 By end use              

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application       

                                7.4.4 By end use              

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application       

                                7.5.4 By end use              

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Application       

                                7.6.4 By end use              

8. Key Player Analysis                                    

                8.1 3D robotics                 

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Parrot SA                     

                8.3 Leptron Unmanned Aircraft Systems, Inc                       

                8.4 AeroVironment, Inc                

                8.5 SZ DJI Technology Co., Ltd                    

                8.6 PrecisionHawk Inc.                  

                8.7 Yuneec International Co. Ltd               

                8.8 Aeryon Labs Inc                        

                8.9 Trimble Navigation Ltd                          

                8.10 Insitu Inc                   

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of offering, deployment type, security type, technology, end user along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Global Commercial Drone Market By Region, From 2021-2026 ( USD Billion )
  2. Global Commercial Drone Market By Type, From 2021-2026 ( USD Billion )
  3. Global fixed wing rotary blade Market By Region, From 2021-2026 ( USD Billion )
  4. Global hybrid type Market By Region, From 2021-2026 ( USD Billion )
  5. Global Commercial Drone Market By Application, From 2021-2026 ( USD Billion )
  6. Global filming and photography Market By Region, From 2021-2026 ( USD Billion )
  7. Global inspection and maintenance Market By Region, From 2021-2026 ( USD Billion )
  8. Global mapping and surveying Market By Region, From 2021-2026 ( USD Billion )
  9. Global precision agriculture Market By Region, From 2021-2026 ( USD Billion )
  10. Global surveillance and monitoring Market By Region, From 2021-2026 ( USD Billion )
  11. Global Commercial Drone Market By end use, From 2021-2026 ( USD Billion )
  12. Global agriculture Market By Region, From 2021-2026 ( USD Billion )
  13. Global delivery and logistics Market By Region, From 2021-2026 ( USD Billion )
  14. Global energy Market By Region, From 2021-2026 ( USD Billion )
  15. Global media and entertainment Market By Region, From 2021-2026 ( USD Billion )
  16. Global real estate and construction Market By Region, From 2021-2026 ( USD Billion )
  17. Global security and law enforcement Market By Region, From 2021-2026 ( USD Billion )

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