Commercial Drones Market Worth $4+ Billion by 2021 and Growing at 109% CAGR to 2020

DALLAS, June 29, 2015 /PRNewswire/ --

RnRMarketResearch.com offers "Commercial Drones: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021", "Commercial Drones Market by Type, Technology, Application & Geography - Global Forecast to 2020" as well as "Commercial and consumer drones - Market potential and outstanding issues in Europe and the United States" research reports in its store.

Complete report on commercial drones market for 2015 to 2021 spread across 630 pages, talking about 22 drone companies and supported with 314 tables and figures is now available at http://www.rnrmarketresearch.com/commercial-drones-highways-in-the-sky-unmanned-aerial-systems-uas-market-shares-strategies-and-forecasts-worldwide-2015-to-2021-market-report.html .

Commercial drones are set to build highways in the sky. The market will only evolve past the early adopter stage after the industry finds ways to build navigation infrastructure that is safe and that works. Roads in the sky will create altitude differences that function as bridges to separate the drones from each other when they are flying at angles to each other. This type of navigation needs to be defined by industry standards groups, much as the software industry has been able to develop industry stands that provide the base for a market, so also, the commercial drone manufacturers need to come together with representatives from each company and from all the governments to decide on the highways in the sky. Another aspect of commercial drone markets is the safety issue. If drones become so prevalent that they fall out of the sky on people or homes, this becomes a problem for the people hit or the people who own the homes that are destroyed.

Quantities of fielded systems increase. Police departments, the oil and gas industry, border patrol, and utilities are all using commercial drones. Units are used for agriculture. Vendors continue to improve the capabilities of these drone aircraft. Their ability to support the commercial endeavors is increasing. Unmanned aircraft have fundamentally changed the accuracy of utility and oil and gas inspections. They are set to fundamentally change how agriculture is conducted. Unmanned aerial systems (UAS) markets at $609 million in 2014 are forecast to reach $4.8 billion dollars, worldwide by 2021. This is a sizable market growth with oil and gas mapping, utility line inspection, package delivery, and agricultural applications accounting for virtually all the unit sales. Drones can provide more information at less cost than a human inspection team can.

Companies mentioned in this commercial drones market research for 2015 to 2021 include AeroVironment, ASN Technologies, Aurora Flight, BAE Systems, Boeing, Challis UAV Inc., China Aerospace, Draganflyer, Finmeccanica, General Atomics, Google, Integrated Dynamics, L-3 Communications, Laser Motive, Lockheed Martin, Marcus UAV, MMist, Northrop Grumman, Parrot/senseFly, Proxy Technologies, Scaled Composites, Schiebel and Textron. Order a copy of Commercial Drones: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=258534 .

The second research titled Commercial Drones Market by Type (Fixed Wing, Rotary Blade, Quad Rotor), Technology (Energy & Propulsion System, Automation, Collision Avoidance), Application (Government, Agriculture, Manufacturing, Retail) & Geography - Global Forecast to 2020 says the total commercial drones market was valued at $15.22 Million in 2014 and is expected to reach $1.27 Billion by 2020, at an estimated CAGR of 109.31% between 2014 and 2020. The commercial drones industry has witnessed significant technological developments over the last few years.  The increase in demand for drones in law enforcement applications and technological advancement are the key drivers propelling the growth of the market. This market in the report has been categorized by products, namely fixed wing, rotary blade, nano, and hybrid. The rotary blade drone held the maximum share of 72% of the overall Commercial Drones Market as of 2014.

The report also covers the key application sectors of the Commercial Drones Market, which include law enforcement, energy and power, manufacturing, infrastructure, media and entertainment, agriculture, and scientific research. Among all the applications, law enforcement is expected to be the largest contributor to the overall commercial drones market. Geographically, the Americas comprised the largest market for commercial drones as of 2014 and are expected to grow at the highest CAGR among all the regions. Companies like Thales SA, BAE Systems PLC, Aerovironment Inc, Israel Aerospace Industries Ltd. (IAI), Boeing Corporation, Textron Inc, Lockheed Martin Corporation, Aeronautics Ltd., Aurora Flight Sciences, Elbit Systems, Northrop Grumman Corporation, Safran SA, Turkish Aerospace Industries, Inc., Denel Soc Ltd., Finmeccanica SPA, General Atomics Aeronautical Systems Ltd., Airware Inc., Drone Deploy, DJI, Precision Hawk, Sensefly, 3D Robotics, VDOS, Trimble UAS and Hoovy LLC are profiled in this research on Commercial Drones Market by Type, Technology, Application & Geography - Global Forecast to 2020 available for purchase at  http://www.rnrmarketresearch.com/contacts/purchase?rname=306954 .

Another relevant report titled Commercial and consumer drones - Market potential and outstanding issues in Europe and the United States says although still quite small, the civilian drone market is flourishing, particularly in France. A host of trials are being conducted with professional drones, and the first major contracts should not be far behind. Applications are many and various. The use of UAV in all industry sectors is opening up an array of new prospects. As in any nascent market, there is no shortage of issues to address, and stakeholders will have to rise to some major challenges.

Issues and challenges that are explored in this consumer and commercial drones market report help answer questions like: What key properties must civilian drones have to meet market demand? What will the core applications be for UAV? Which players will secure contracts with major (still unconvinced) corporations? Will regulations help or hinder market development? How will civilian drone sales evolve over the next five years? Companies examined or mentioned in this commercial drones market research include 3DRobotics, Aérodrones, Airbus, AirDog, Alibaba, Amazon, ArcelorMittal, Delair-Tech, DeltaDrone, DHL, Diades, DJI, EiffageTravauxPublics, ERDF, Facebook, Google, GoPro, Hexo+, nfotron, LaPoste, LHAviation, Microdrone, Monnoyeur, Novadem, Parrot, Redbird, Safran, senseFly, SNCF, SurveyCopter, Thalès, Total, Varioptic, Veolia, Wipro Ltd and Zano. Read more on the research titled Commercial and consumer drones - Market potential and outstanding issues in Europe and the United States at http://www.rnrmarketresearch.com/commercial-and-consumer-drones-market-potential-and-outstanding-issues-in-europe-and-the-united-states-market-report.html .

Explore more reports on the electronics market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics .

About Us:  

RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

Connect with Us: 

G+/Google Plus: https://plus.google.com/104156468549256253075/posts

Twitter: https://twitter.com/RnRMR

Facebook: https://www.facebook.com/pages/RnR-Market-Research/413488545356345

RSS/Feeds: http://www.rnrmarketresearch.com/feed

Contact:
Ritesh Tiwari
TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252
Tel: +1-888-391-5441
[email protected]

SOURCE RnR Market Research