The Commercial Drones Global Market Report 2023 by The Business Research Company, provides commercial drones market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Commercial Drones Global Market Report 2023, the market size will grow from $1.69 billion in 2022 to $1.8 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global commercial drones is expected to grow to $2.23 billion in 2027 at a CAGR of 5.5%.

Commercial drones are being considered by companies that have last-mile delivery as their main business process. The drones will help reduce the cost per delivery and delivery time, thus increasing profits. increasing the growth of the commercial drones market. According to a McKinsey report, if companies save 40% of their delivery costs using drones, then they will enjoy a 15%–20% increase in their profit margin and a 15-20% decrease in their product or service prices.

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The commercial drones market is segmented:
1) By Type: Fixed wing drones, Rotary blade drones, Hybrid drones
2) By Application: Agriculture and environment, Media and entertainment, Energy, Government, Construction & archaeology, Others
3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous

Drone leasing is a better offer for most companies seeking to save on drone-related investments. Many entry-level companies that do not have sufficient financial backing can aid themselves by leasing drone-related solutions rather than purchasing them at full price. For example, Kespry and LiDARUSA are companies that focus on leasing commercial drones to other companies.

The commercial drones market report table of contents includes:
1. Executive Summary
2. Commercial Drones Market Characteristics
3. Commercial Drones Market Trends And Strategies
4. Commercial Drones Market – Macro Economic Scenario
5. Commercial Drones Market Size And Growth

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26. Africa Commercial Drones Market
27. Commercial Drones Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Commercial Drones Market
29. Commercial Drones Market Future Outlook and Potential Analysis
30. Appendix

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