Market Research Report
Commercial Drones Market 2019-2024
|Commercial Drones Market 2019-2024|
Published: June 13, 2019
IoT Analytics GmbH
Content info: 322 Pages
Delivery time: 1-2 business days
The ‘Commercial Drones market is accelerating in 2019’ as ongoing investment and market consolidation continues. Spending on Drone-related hardware, software and services for both commercial and private markets is forecast to grow at a rate of 20.5% per year becoming a $43B opportunity by 2024. Drones have evolved from basic hobbyist toys to complex IoT devices. As more and more advanced IoT technology is being integrated into drones it is possible to have drones constantly connected and streaming data in real-time for instant analysis and decision making. Furthermore, 5G technology is expected to be a key driver for the drone market in the coming years with the main benefits being able to react to commands in real-time and enabling instant insights from the drones' measurements in real-time due to the technology's high data rate and low latency. This comprehensive report examines the commercial drone market in detail including 166 market graphs, 41 tables, and 12 charts as well as 36 data tables from the market model.
Drone capabilities have rapidly expanded beyond consumer products, adding on-board intelligence for real-time remote control, video streaming, environment sensing capabilities and automatic self-landing. Modern drones have nowadays become more sophisticated “IoT devices” that are constantly connected (via RF or 4G) and as such are able to cover a large number of IoT applications such as mapping, surveying, inspection, monitoring, photography & filming, and delivery of goods.
The Commercial Drones market report forecasts a compound annual growth rate (CAGR) of 20.5% over the time frame of 2019-2024, with annual spending surpassing US$43.1 Billion by 2024.
Regulations play an integral role in the drone market and they differ greatly from country to country, as such the report provides in depth analysis of 20 countries approach to drone regulation across various parameters as below:
The report includes a detailed database and overview of 730+ drone applications across 15 industry verticals broken down by and analyzed by their manufacturers, industrial sectors, drone configurations, sensor types and many more parameters.
The report also includes an Drone ecosystem environment map with 1,000 companies and discusses future trends for the market for the next 10 years.
3D Robotics, Autel Robotics, DJI, GoPro, Holy Stone, Intel, Kespry, Parrot, SenseFly, Yuneec, and more...