NEW YORK, March 9 , 2020 /PRNewswire/ --
Commercial Drones market worldwide is projected to grow by US$12.4 Billion, driven by a compounded growth of 22.4%. Commercial Drones, one of the segments analyzed and sized in this study, displays the potential to grow at over 22.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$16.4 Billion by the year 2025, Commercial Drones will bring in healthy gains adding significant momentum to global growth.
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- Representing the developed world, the United States will maintain a 25.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$406.6 Million to the region's size and clout in the next 5 to 6 years. Over US$572.2 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Commercial Drones will reach a market size of US$1.1 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 21.5% over the next couple of years and add approximately US$2.1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
- Competitors identified in this market include, among others,
- AeroVironment Inc.
- Agribotix, LLC
- Airware
- Cyberhawk Innovations Ltd.
- CyPhy Works Inc.
- Draganfly Innovations Inc.
- DroneDeploy
- Drone Aviation Holding Corporation
- EHang Inc.
- Intel
- Lockheed Martin Corporation
- Parrot SA
- PrecisionHawk
- Skycatch Inc.
- SZ DJI Technology Co. Ltd.
- XAIRCRAFT Technology Co. Ltd.
- Yuneec International Co., Ltd.
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Commercial Drones - An Expanding Market
Outlook
A Walk Through the Transition from Military to Commercial and
Civilian Applications
Recent Market Activity
Beyond Line of Sight Drone Operations to Stir Future Growth
Use Cases of Commercial Drones Continue to Expand
Technology Advancements Critical for Commercial Drones Market
Rotary Blade UAVs to Lead Commercial Drones Market
Challenges Confronting Commercial Drones Market
Lack of Regulatory Framework Hampers Adoption of Drones in
Commercial Sector
Drone Use Raises Concerns over Damage to Property & People
Global Competitor Market Shares
Commercial Drones Competitor Market Share Scenario Worldwide
(in %): 2020 & 2029
2. FOCUS ON SELECT PLAYERS
AeroVironment, Inc. (USA)
Agribotix, LLC (USA)
Cyberhawk Innovations Ltd. (UK)
CyPhy Works, Inc. (USA)
Draganfly Innovations Inc. (Canada)
DroneDeploy (USA)
Drone Aviation Holding Corporation (USA)
EHang, Inc. (China)
Intel Corporation (USA)
Lockheed Martin Corporation (USA)
Parrot SA (France)
senseFly Ltd. (Switzerland)
PrecisionHawk (USA)
Prioria Robotics, Inc. (USA)
Sharper Shape Ltd. (Finland)
Skycatch, Inc. (USA)
SZ DJI Technology Co., Ltd. (China)
XAIRCRAFT Technology Co., Ltd. (China)
Yuneec International Co., Ltd. (China)
3. MARKET TRENDS & DRIVERS
Artificial Intelligence to Drive Future Growth
Automation - A Significant Area of Development
Use of Drones in Gathering Data Drives Adoption in the
Enterprise Sector
Internet of Things (IoT) to Fuel Commercial Use of Drones
Companies Focus on Battery Technologies for Extended Flight Times
UAV Technology to Enable Creation of Customized 3D Maps
3D Mapping to Optimize Vehicular Movement at Construction Sites
Drone-as-a-Service Takes Flight
Drone Rental Centers - A Growing Concept
Photography Drones - Smart Capabilities Spur Adoption
Falling Cost of Materials Bodes Well for the Adoption of
Commercial Drones
Advancing Smartphone Tech Facilitates Adoption of Drones in
Commercial Applications
Testing: An Essential Requirement for Commercialization of Drones
Open Source Development Efforts to Reduce Penetration of
Proprietary Drone Designs
4. GLOBAL MARKET PERSPECTIVE
Table 1: Commercial Drones Global Market Estimates and
Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 2: Commercial Drones Market Share Shift across Key
Geographies Worldwide: 2019 VS 2025
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
Market Analytics
Table 3: United States Commercial Drones Market Estimates and
Projections in US$ Thousand: 2018 to 2025
CANADA
Table 4: Canadian Commercial Drones Market Estimates and
Forecasts in US$ Thousand: 2018 to 2025
JAPAN
Table 5: Japanese Market for Commercial Drones: Annual Sales
Estimates and Projections in US$ Thousand for the Period
2018-2025
CHINA
Table 6: Chinese Commercial Drones Market Growth Prospects in
US$ Thousand for the Period 2018-2025
EUROPE
Market Facts & Figures
Market Analytics
Table 7: European Commercial Drones Market Demand Scenario in
US$ Thousand by Region/Country: 2018-2025
Table 8: European Commercial Drones Market Share Shift by
Region/Country: 2019 VS 2025
FRANCE
Table 9: Commercial Drones Market in France: Estimates and
Projections in US$ Thousand for the Period 2018-2025
GERMANY
Table 10: Commercial Drones Market in Germany: Recent Past,
Current and Future Analysis in US$ Thousand for the Period
2018-2025
ITALY
Table 11: Italian Commercial Drones Market Growth Prospects in
US$ Thousand for the Period 2018-2025
UNITED KINGDOM
Table 12: United Kingdom Market for Commercial Drones: Annual
Sales Estimates and Projections in US$ Thousand for the Period
2018-2025
REST OF EUROPE
Table 13: Rest of Europe Commercial Drones Market Estimates and
Forecasts in US$ Thousand: 2018-2025
ASIA-PACIFIC
Table 14: Commercial Drones Market in Asia-Pacific: Estimates
and Projections in US$ Thousand for the Period 2018-2025
REST OF WORLD
Table 15: Rest of World Commercial Drones Market Estimates and
Forecasts in US$ Thousand: 2018 to 2025
IV. COMPETITION
Total Companies Profiled: 154
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