A new report by Expert Market Research, entitled Global Commercial Drone Market Report and Forecast 2021-2026, evaluates the market based on segments such as product type, application, end-use, and provides a detailed analysis of the global commercial drone market. Offer, and major regions. The report tracks the latest developments in the industry and investigates its impact on the entire market. It also analyzes the market based on SWOT and Porter’s Five Forces models and evaluates the dynamics of the market covering key demand and price indicators.
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The main highlights of the report are:
Market Overview (2016-2026)
- Past market size (2020): US $ 13.44 billion
- Forecast CAGR (2021-2026): 47%
- Prediction market size (2026): US $ 135.6 billion
Drones are in high demand in the real estate and construction industry due to their ability to survey land, provide continuous and accurate project notifications, improve safety and prevent dangerous accidents at construction sites. Over the last few years, the number of business use cases for drones has increased significantly. For example, drone manufacturers and software solution providers are constantly designing, testing, and improving solutions for a variety of markets. Drones are widely used in the medical sector to pick up and deliver laboratory samples, and to transport medicines, to reduce transportation time and exposure to infectious diseases, especially during the outbreak of COVID-19. In addition, the rise of precision agriculture, which uses various technologies to increase yields, is driving the growth of the market. Drones are widely used in agricultural applications such as crop analysis and pesticide spraying, driving the growth of the industry.
Industry definition and key segments
The drone is a pilotless platform that can be remotely controlled by a human operator or autonomously navigated by an on-board computer program. Drones have the potential to transform urban and rural infrastructure while increasing agricultural productivity in developing countries. Commercial drones primarily support monitoring and delivery in a variety of industries. As a result, drones are becoming more and more deployed.
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The main product types of commercial drones are:
- Fixed wing
- Rotary blade
Markets can be broadly categorized as follows, based on their application segment.
- Shooting and photography
- Inspection and maintenance
- Mapping and surveying
- Precision agriculture
- Monitoring and monitoring
Based on the end use, the market is divided as follows:
- Delivery and logistics
- Media and entertainment
- Real estate and construction
- Security and law enforcement
Based on region, the industry is categorized as follows:
- North America
- Asia Pacific
- latin america
- Middle East and Africa
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The development of drones that meet regulatory safety standards to prevent accidents provides additional impetus for the growth of the drone market. Increasing demand for sophisticated and reliable designs is also driving the growth of commercial drone deployments. Advances in imaging technology are expected to drive the growth of the industry by increasing the demand for commercial drones in a variety of high-end applications. By incorporating cutting-edge technologies such as artificial intelligence (AI) and machine learning (ML) into drones, automating numerous operations and collecting and implementing visual data while improving safety and efficiency, the industry It is expected that growth will be promoted. In addition, the trend for drone smart mobility to improve commercial accessibility is expected to drive the growth of the commercial drone industry in the coming years.
Major market players
The major players on the market are Aeroonavics Ltd., AeroVironment, Inc., Autel Robotics, SZ DJI Technology Co., Ltd., and Draganfly Inc., among others. The report covers market share, capacity, plant turnaround, expansion, investment, mergers and acquisitions, among other latest developments for these market players.
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