The global commercial drones market is growing at a CAGR of 17.5% during the forecast period. The factors that augment the growth of the market include increasing demand in varied applications, reduction in size, and technical advancement. Drones are aircraft-flying devices without a human pilot aboard. UAVs are a component of an unmanned aircraft system (UAS) which includes a UAV, a system of communications between the two, and a ground-based controller. The flight of UAVs may operate with various degrees of autonomy either autonomously by onboard computers or under remote control by a human operator. Drones also are known as unmanned aerial vehicles are mainly used for military purposes. The drones are being used for varied purposes for surveying forest and oil fields for agricultural purposes. Drones are used in the entertainment industry for using varied camera angles; especially in sports and live events. Drones are also being used for e-commerce and cargo deliveries. Drones are also being used by law enforcement agencies. Though, high prices, strict government regulations, limited commercialization, and air traffic security and safety issues are some of the few restraining factors that act as a barrier to the growth of the global commercial drones during the forecast period.
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The global Commercial drones market is segmented on the basis of types and application. On the basis of type, the market is further segmented into fixed-wing drones, rotary blades drones, nano drones, and hybrid drones. Further, based on the application segment, the market is sub-segmented into transportation, agriculture, media & entertainment, construction, government & defense, and others.
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The global commercial drones market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. On the basis of geography, the market is segregated into North America, Europe, Asia-Pacific, and the Rest of the World. North America is growing at a significant pace owing to the high production and early adoption of new technologies in various sectors such as e-commerce, government and defense. Increasing applications in law enforcement and agriculture, supportive government initiatives, building retrofits further encourages the demand for commercial drones in the region. APAC is showing a faster pace owing to the increasing adoption of drones in applications such as traffic management, agriculture, and so on. China and India are the major countries in this region. Though, Japan is also working continuously in this technology.
Global Commercial Drones Market – Segmentation
by Type
Fixed Wing Drones
Rotary Blade Drones
Nano Drones
Hybrid Drones
by Applications
Transportation
Agriculture
Media and Entertainment
Construction
Government and Defense
Others(Energy, Tourism)
Global Commercial Drones Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
AeroVironment, Inc.
DRONE VOLT group
AguaDrone, LCC
Tata Advanced Systems Ltd.
AUTEL ROBOTICS Co., Ltd.
BAE Systems PLC,
SZDJITechology Co., Ltd.
Draganfly Inc.
Leonardo S.p.A.
Freefly Systems
General Atomics Aeronautical Systems, Inc.
Tiger Innovations Inc.
Israel Aerospace Industry
Kespry Inc.
Lockheed Martin Corp.
Northrop Grumman
Parrot Drone SAS
SYMA International Trade Development Ltd.
Thales Group
Safran SA
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