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Market Research Report

Commercial Drones

Published by Global Industry Analysts, Inc. Product code 352661
Published Content info 202 Pages
Delivery time: 1-2 business days
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Commercial Drones
Published: September 1, 2020 Content info: 202 Pages
Description

Global Commercial Drones Market to Reach $18.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Commercial Drones estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$18.2 Billion by 2027, growing at a CAGR of 20.5% over the period 2020-2027.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 20.1% CAGR

The Commercial Drones market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 20.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 17.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.We bring years of research experience to this 18th edition of our report. The 202-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • AeroVironment Inc.
  • Agribotix, LLC
  • Airware
  • Cyberhawk Innovations Ltd.
  • CyPhy Works Inc.
  • Draganfly Innovations Inc.
  • Drone Aviation Holding Corporation
  • DroneDeploy
  • EHang Inc.
  • Intel Corporation
  • Lockheed Martin Corporation
  • Parrot SA
  • PrecisionHawk
  • Skycatch Inc.
  • SZ DJI Technology Co. Ltd.
  • Yuneec International Co., Ltd.
Table of Contents
Product Code: MCP-7951

TABLE OF CONTENTS

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
    • Impact of Covid-19 and a Looming Global Recession
  • 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: 2020-2027
    • TABLE 2: Commercial Drones Market Share Shift across Key Geographies Worldwide: 2020 VS 2027

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: 2020 to 2027
  • CANADA
    • TABLE 4: Canadian Commercial Drones Market Estimates and Forecasts in US$ Thousand: 2020 to 2027
  • JAPAN
    • TABLE 5: Japanese Market for Commercial Drones: Annual Sales Estimates and Projections in US$ Thousand for the Period 2020-2027
  • CHINA
    • TABLE 6: Chinese Commercial Drones Market Growth Prospects in US$ Thousand for the Period 2020-2027
  • 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: 2020 VS 2027
  • FRANCE
    • TABLE 9: Commercial Drones Market in France: Estimates and Projections in US$ Thousand for the Period 2020-2027
  • GERMANY
    • TABLE 10: Commercial Drones Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
  • ITALY
    • TABLE 11: Italian Commercial Drones Market Growth Prospects in US$ Thousand for the Period 2020-2027
  • UNITED KINGDOM
    • TABLE 12: United Kingdom Market for Commercial Drones: Annual Sales Estimates and Projections in US$ Thousand for the Period 2020-2027
  • REST OF EUROPE
    • TABLE 13: Rest of Europe Commercial Drones Market Estimates and Forecasts in US$ Thousand: 2020-2027
  • ASIA-PACIFIC
    • TABLE 14: Commercial Drones Market in Asia-Pacific: Estimates and Projections in US$ Thousand for the Period 2020-2027
  • REST OF WORLD
    • TABLE 15: Rest of World Commercial Drones Market Estimates and Forecasts in US$ Thousand: 2020 to 2027

IV. COMPETITION

  • Total Companies Profiled: 154
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