PUBLISHER: Grand View Research | PRODUCT CODE: 1301126
PUBLISHER: Grand View Research | PRODUCT CODE: 1301126
The U.S. commercial drone market size is expected to reach USD 9.78 billion by 2030, expanding at a compound annual growth rate (CAGR) of 9.1% from 2023 to 2030, according to a new study by Grand View Research, Inc. The U.S. commercial drone market growth is attributed to increasingly growing applications of drones across the commercial sectors, such as entertainment, agriculture, and energy. In addition, integration of advanced technologies, such as Artificial Intelligence (AI) and Machine Learning (ML) in drones is expected to offer significant growth prospects to the commercial drone industry.
Moreover, the trend of drone usage in agriculture is expected to add to the market growth in the U.S. Drones are used in monitoring vital operations of farms as they assist farmers in multiple tasks that include planning and analysis of crop plantation and field monitoring to determine the growth and health of crops. For instance, in May 2023, Guardian Agriculture received Federal Aviation Administration (FAA) approval for nationwide operation of its commercial agriculture drones for operations such as pesticide spraying and crop monitoring. This, in turn, is anticipated to drive U.S. commercial drone market growth.
The COVID-19 pandemic has had a minor impact on the U.S. commercial drone market. As numerous procedures, such as crowd monitoring, video surveillance, and pickup & delivery of urgent supplies can be carried out using drones, it increased the demand for drones in the U.S., thereby reducing the need of physical presence of healthcare or law enforcement professional. This significant surge in the demand accounted for the growth in the U.S. commercial drone market.