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Market Research Report

Commercial Drones Market (Multi-rotor, Single Rotor, Fixed Winged, Hybrid; Application - Precision Agriculture, Aerial Photography, Surveillance, Survey Mapping Energy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Published by Transparency Market Research Product code 488750
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Commercial Drones Market (Multi-rotor, Single Rotor, Fixed Winged, Hybrid; Application - Precision Agriculture, Aerial Photography, Surveillance, Survey Mapping Energy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Published: March 27, 2017 Content info: 124 Pages
Description

Global Commercial Drones Market: Snapshot

The demand for commercial drones is accelerating thanks to their increasing use in aerial photography, precision agriculture, and surveillance applications. Images and videos captured through drones provide better image quality and resolution, which is a prime reason behind their application across diverse industries. Furthermore, with the recent advancements, 4K video capable smartphones and televisions have come into foray, which has made customers expect for better video and image quality. Taking cue from the prevailing trends, companies such as YUNEEC and DJI have launched commercial drones that offer HD video monitoring and 4K video recording capabilities. Will these trends will create lucrative opportunities for the market's growth, it is also expected to gain from the falling prices of components.

According to Transparency Market Research (TMR), the global commercial drones market is forecast to exhibit a CAGR of 13.8% between 2017 and 2025. At this pace. The market's valuation is expected to reach US$8.89 bn by the end of 2025, from US$2.8 bn in 2016.

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Increasing Application in Precision Agriculture and Surveillance to Fuel Demand

By type, the multi-rotor segment emerged as the lead holding a share of 25% in the market in 2016. It is expected to remain dominant through the course of the forecast period. The rising application of multi-rotor drones in agriculture and surveillance activities is expected to fuel their demand further in the coming years. Other segments under this category are single rotor, fixed wing, and hybrid. Of these, the fixed wing segment held the second leading market share in 2016. The demand for fixed wing drones is expected to gain pace with their increasing use in survey mapping and surveillance.

In terms of application, the global commercial drones market can be segmented into precision agriculture, aerial photography, surveillance, survey mapping, energy, and others. Of these, the aerial photography segment held the dominant share of 25% in the overall market in 2016. The increasing application of commercial drones in the media and entertainment industry for taking high definition aerial images for video shots will contribute to the segment's growth. A majority of drones used for aerial photography are equipped with high resolution cameras.

Besides this, the use of commercial drones for precision agriculture is also expected to increase in the coming years. For instance, the farming sector in the U.S. are increasingly using this novel technology to monitor crop feeds. During the forecast period, the demand for commercial drones for precision agriculture is forecast to increase at an impressive pace.

North America Emerges as Dominant Regional Market for Commercial Drones

Regionally, North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa are the key market segments. Holding over 35% of the global market, North America emerged dominant in 2016. This regional market is considerably gaining from the increasing use of commercial drones for precision agriculture in the U.S. Commercial drones are used for irrigation equipment monitoring and cattle monitoring besides other purposes. Furthermore, the use of commercial drones for surveillance has considerably bolstered opportunities in the North America market.

Besides this, the market will witness lucrative opportunities in Asia Pacific due to the rising demand from China and Japan. China is gradually shifting towards automating its manufacturing facilities, which also involves considerable use of drones. In the Middle East and African countries, drones are used for surveillance and fighting terrorism.

Some of the leading players included in the study are Parrot S.A., Aurora Flight, Denel SOC Ltd., DJI Innovations, Draganfly, Northrop Grumman Corporation, Lockheed Martin Corporation, Elbit Systems Ltd. and General Dynamics Corporation.

Report Description

Global Commercial Drones Market: Overview

Commercial drones are gaining popularity with their increasing demand in several application areas such as search and rescue operations, product delivery and high altitude mapping among others. There are several advantages of using commercial drones. The drones require less energy compared to large delivery vehicles. In addition, these drones can be easily controlled through a wireless remote controller. Furthermore, these drones can access hard to reach place and are being increasingly implemented in search and rescue missions and media coverage among other applications.

The global report on commercial drones also discusses the market trends related to the commercial drones which can drive the market in future. Furthermore, the study includes the market attractiveness analysis to get a better understanding of the most attractive application segment in future. This market research study analyzes the commercial drones market on a global level, and provides estimates in terms of revenue (USD million) from 2017 to 2025 wherein 2016 has been taken as the base year for the study.

Global Commercial Drones Market: Drivers and Restraints

The global commercial drones market includes the drivers and restraints which are driving or hindering the demand in the global market. Few of the drivers pushing the demand for commercial drones include their adoption by law enforcement agencies due to their enhanced capabilities of transmitting high resolution videos and images. In addition, these drones are also capable of providing real time surveillance data to their base stations.

The global rise in criminal activities such as terrorism, drug trafficking and others are driving the demand for commercial drones in surveillance application. These factors are further aiding to the growing demand for commercial drones during the forecast period. However, there are few factors hindering the growth of the market. The use of commercial drones has led to the rising concern for privacy. This in return has led to reforms in government regulation for using commercial drones which is expected to hinder the growth of the market. Moreover, the increasing trend for better video and image resolution capabilities of commercial drones is expected to drive the market in future. Furthermore, the increasing technological innovation has resulted into the development of 4K video capable smartphones and televisions. This is in return is increasing the demand and expectation of consumers for drones with similar abilities.

Global Commercial Drones Market: Regional Outlook

The developing economies like China, Japan and South Korea are increasingly adopting the commercial drones for various applications such as surveillance, precision agriculture and aerial photography. Furthermore, the drones are also being used in media and entertainment industry for capturing aerial videos and images in high resolutions. These factors are expected to drive the market for commercial drones in Asia Pacific region significantly during the forecast period.

Global Commercial Drones Market: Key Segments

The global market for commercial drones has been segmented by types, application and geography. In terms of types the commercial drones can be categorized into single rotor, multi-rotor, fixed winged and hybrid drones among others. By application, the market has been segregated into precision agriculture, aerial photography, surveillance, survey mapping and energy among other applications. In terms of geography, the global market has been segmented into five strategic locations: North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The commercial drones market is facing intense competition from major players. These players are undergoing frequent mergers and acquisition from major players in order to sustain in the competitive environment. This report also studies the competitive environment of the major players in the form of market share of the key players. The key players have been profiled in terms of their business overview, financial overview, SWOT analysis and strategies adopted by them. The leading players included in the study are Parrot S.A., Aurora Flight, Denel SOC Ltd., DJI Innovations, Draganfly, Northrop Grumman Corporation, Lockheed Martin Corporation, Elbit Systems Ltd. and General Dynamics Corporation.

The global Commercial Drones market can be segmented as follows;-

Global Commercial Drones Market, By Types

  • Multi-rotor drones
  • Single rotor drones
  • Fixed winged drones
  • Hybrid drones
  • Others

Global Commercial Drones Market, By Application

  • Precision Agriculture
  • Aerial Photography
  • Surveillance
  • Survey Mapping
  • Energy
  • Others

Global Commercial Drones Market, By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East and Africa
    • United Arab Emirates
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Rest of Latin America
Table of Contents

Table of Contents

Section 1 Preface

  • 1.1 Report Scope & Market Segmentation
  • 1.2 Research Highlights

Section 2 Research Methodology

  • 2.1 Secondary Research
  • 2.2 Primary Research
  • 2.3 Models

Section 3 Executive Summary

Section 4 Commercial Drones Market: Dynamics

  • 4.1 Market Introduction
  • 4.2 Market Trend
  • 4.3 Market Drivers
    • 4.3.1 Increasing application of commercial drones for data generation
    • 4.3.2 Rising usage for drones in defense applications
  • 4.4 Market Restraints
    • 4.4.1 Rising usage for drones in defense applications
  • 4.5 Market Opportunities
    • 4.5.1 Rise in adoption of commercial drones in developing economies
  • 4.6 Porter's Five Forces Analysis
  • 4.7 Market Share of Key Players, 2015
  • 4.8 Global Commercial Drones Market Outlook, 2015

Section 5 Global Commercial Drones Market: By Types

  • 5.1 Introduction
  • 5.2 Global Commercial Drones Market Value Share Analysis, By Types
  • 5.3 Global Commercial Drones Market Forecast By Types
  • 5.4 Global Commercial Drones Market Analysis By Types

Section 6 Global Commercial Drones Market: By Application

  • 6.1 Introduction
  • 6.2 Global Commercial Drones Market Value Share Analysis, By Application
  • 6.3 Global Commercial Drones Market Forecast By Application
  • 6.4 Global Commercial Drones Market Analysis By Application

Section 7 North America Commercial Drones Market Analysis

  • 7.1 Introduction
  • 7.2 North America Commercial Drones Market Value Share Analysis, By Types
  • 7.3 North America Commercial Drones Market Forecast, By Types
  • 7.4 North America Commercial Drones Market Value Share Analysis, By Application
  • 7.5 North America Commercial Drones Market Forecast, By Application
  • 7.6 North America Commercial Drones Market Value Share Analysis, By Country
  • 7.7 North America Commercial Drones Market Analysis, By Country
    • 7.7.1 U.S. Commercial Drones Market, 2016 - 2025, USD Mn
    • 7.7.2 Canada Commercial Drones Market, 2016 - 2025, USD Mn
    • 7.7.3 Mexico Commercial Drones Market, 2016 - 2025, USD Mn

Section 8 Europe Commercial Drones Market

  • 8.1 Introduction
  • 8.2 Europe Commercial Drones Market Value Share Analysis, By Types
  • 8.3 Europe Commercial Drones Market Forecast By Types
  • 8.4 Europe Commercial Drones Market Value Share Analysis, By Application
  • 8.5 Europe Commercial Drones Market Forecast By Application
  • 8.6 Europe Commercial Drones Market Value Share Analysis, By Country
  • 8.7 Europe Commercial Drones Market Analysis By Country
    • 8.7.1 U.K. Commercial Drones Market, 2016 - 2025, USD Mn
    • 8.7.2 Germany Commercial Drones Market, 2016 - 2025, USD Mn
    • 8.7.3 France Commercial Drones Market, 2016 - 2025, USD Mn
    • 8.7.4 Italy Commercial Drones Market, 2016 - 2025, USD Mn
    • 8.7.5 Rest of EuropeCommercial Drones Market, 2016 - 2025, USD Mn

Section 9 Asia Pacific Commercial Drones Market

  • 9.1 Introduction
  • 9.2 Asia PacificCommercial Drones Market Value Share Analysis, By Types
  • 9.3 Asia PacificCommercial Drones Market Forecast By Types
  • 9.4 Asia PacificCommercial Drones Market Value Share Analysis, By Application
  • 9.5 Asia PacificCommercial Drones Market Forecast By Application
  • 9.6 Asia PacificCommercial Drones Market Value Share Analysis, By Country
  • 9.7 Asia Pacific Commercial Drones Market Analysis By Country
    • 9.7.1 China Commercial Drones Market, 2016 - 2025, USD Mn
    • 9.7.2 Japan Commercial Drones Market, 2016 - 2025, USD Mn
    • 9.7.3 India Commercial Drones Market, 2016 - 2025, USD Mn
    • 9.7.4 South Korea Commercial Drones Market, 2016 - 2025, USD Mn
    • 9.7.5 Rest of Asia Pacific Commercial Drones Market, 2016 - 2025, USD Mn

Section 10 Middle East and Africa Market

  • 10.1 Introduction
  • 10.2 Middle East and Africa Pacific Commercial Drones Market Value Share Analysis, By Application
  • 10.3 Middle East and Africa Pacific Commercial Drones Market Forecast By Application
  • 10.4 Middle East and Africa Pacific Commercial Drones Market Value Share Analysis, By Application
  • 10.5 Middle East and Africa Pacific Commercial Drones Market Forecast By Application
  • 10.6 Middle East and Africa Pacific Commercial Drones Market Value Share Analysis, By Country
  • 10.7 Middle East and Africa Pacific Commercial Drones Market Forecast By Country
    • 10.7.1 Saudi Arabia Commercial Drones Market, 2016 - 2025, USD Mn
    • 10.7.2 UAE Commercial Drones Market, 2016 - 2025, USD Mn
    • 10.7.3 South Africa Commercial Drones Market, 2016 - 2025, USD Mn
    • 10.7.4 Rest of Middle East & Africa Commercial Drones Market, 2016 - 2025, USD Mn

Section 11 Latin America Market

  • 11.1 Introduction
  • 11.2 Latin America Pacific Commercial Drones Market Value Share Analysis, By Types
  • 11.3 Latin America Pacific Commercial Drones Market Forecast By Types
  • 11.4 Latin America Pacific Commercial Drones Market Value Share Analysis, By Application
  • 11.5 Latin America Pacific Commercial Drones Market Forecast By Application
  • 11.6 Latin America Pacific Commercial Drones Market Value Share Analysis,By Country
  • 11.7 Latin America Pacific Commercial Drones Market Forecast By Country
    • 11.7.1 Brazil Commercial Drones Market, 2016 - 2025, USD Mn
    • 11.7.2 Rest of Latin America Commercial Drones Market, 2016 - 2025, USD Mn

Section 12 Commercial Drones Market: Company Profiles

  • 12.1 Parrot S.A.
    • 12.1.1 Company Details
    • 12.1.2 Market Presence
    • 12.1.3 SWOT Analysis
    • 12.1.4 Financial
    • 12.1.5 Strategic Overview
  • 12.2 Aurora Flight
    • 12.2.1 Company Details
    • 12.2.2 Market Presence
    • 12.2.3 SWOT Analysis
    • 12.2.4 Financial
    • 12.2.5 Strategic Overview
  • 12.3 Denel SOC Ltd.
    • 12.3.1 Company Details
    • 12.3.2 Market Presence
    • 12.3.3 SWOT Analysis
    • 12.3.4 Financial
    • 12.3.5 Strategic Overview
  • 12.4 DJI Innovations
    • 12.4.1 Company Details
    • 12.4.2 Market Presence
    • 12.4.3 SWOT Analysis
    • 12.4.4 Financial
    • 12.4.5 Strategic Overview
  • 12.5 Draganfly
    • 12.5.1 Company Details
    • 12.5.2 Market Presence
    • 12.5.3 SWOT Analysis
    • 12.5.4 Financial
    • 12.5.5 Strategic Overview
  • 12.6 Northrop Grumman Corporation
    • 12.6.1 Company Details
    • 12.6.2 Market Presence
    • 12.6.3 SWOT Analysis
    • 12.6.4 Financial
    • 12.6.5 Strategic Overview
  • 12.7 Lockheed Martin Corporation
    • 12.7.1 Company Details
    • 12.7.2 Market Presence
    • 12.7.3 SWOT Analysis
    • 12.7.4.Financial
    • 12.7.5 Strategic Overview
  • 12.8 Elbit Systems Ltd.
    • 12.8.1 Company Details
    • 12.8.2 Market Presence
    • 12.8.3 SWOT Analysis
    • 12.8.4 Financial
    • 12.8.5 Strategic Overview
  • 12.9 General Dynamics Corporation
    • 12.9.1 Company Details
    • 12.9.2 Market Presence
    • 12.9.3 SWOT Analysis
    • 12.9.4 Financial
    • 12.9.5 Strategic Overview
  • 12.10 BAE Systems
    • 12.10.1 Company Details
    • 12.10.2 Market Presence
    • 12.10.3 SWOT Analysis
    • 12.10.4 Financial
    • 12.10.5 Strategic Overview

List of Figures

  • FIG. 1 Report Scope
  • FIG. 2 Market Size, Indicative (USD Million)
  • FIG. 3 Market Size, By Application, 2025 (USD Million)
  • FIG. 4 Market Share, By Regions, 2016 & 2025
  • FIG. 5 Key Trends
  • FIG. 6 Market Attractiveness Analysis by Application, 2016
  • FIG. 7 Market Share of Key Players, 2016
  • FIG. 8 Commercial Drones: Global Market Value Share Analysis By Types, 2016 and 2025
  • FIG. 9 Multi-rotor Drones Market, 2016 - 2025, USD Mn
  • FIG. 10 Single rotor Drones Market, 2016 - 2025
  • FIG. 11 Fixed winged Drones, 2016 - 2025, USD Mn
  • FIG. 12 Hybrid Drones, 2016 - 2025, USD Mn
  • FIG. 13 Others, 2016 - 2025, USD Mn
  • FIG. 14 Commercial Drones: Global Market Value Share Analysis By Application, 2016 and 2025
  • FIG. 15 Precision Agriculture Market, 2016 - 2025, USD Mn
  • FIG. 16 Aerial Photography Market, 2016 - 2025
  • FIG. 17 Surveillance Market, 2016 - 2025, USD Mn
  • FIG. 18 Survey Mapping, 2016 - 2025, USD Mn
  • FIG. 19 Energy, 2016 - 2025, USD Mn
  • FIG. 20 Other Applications Market, 2016 - 2025, USD Mn
  • FIG. 21 North America Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 22 North America Commercial Drones Market, Value Share Analysis, By Application, 2016 and 2025
  • FIG. 23 North America Commercial Drones Market, Value Share Analysis, By Application, 2016 and 2025
  • FIG. 24 North America Commercial Drones Market, Value Share Analysis, By Country, 2016 and 2025
  • FIG. 25 U.S. Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 26 Canada Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 27 Mexico Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 28 Europe Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 29 Europe Commercial Drones Market Value Share Analysis, By Types, 2016 and 2025
  • FIG. 30 Europe Commercial Drones Market Value Share Analysis, By Application, 2016 and 2025
  • FIG. 31 Europe Commercial Drones Market, Value Share Analysis, By Country, 2016 and 2025
  • FIG. 32 U.K. Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 33 Germany Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 34 France Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 35 Italy Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 36 Rest of Europe Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 37 Asia Pacific Commercial Drones Market, Value Share Analysis, By Type, 2016 and 2025
  • FIG. 38 Asia Pacific Commercial Drones Market, Value Share Analysis, By Application, 2016 and 2025
  • FIG. 39 Asia Pacific Commercial Drones Market, Value Share Analysis, By Country, 2016 and 2025
  • FIG. 40 China Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 41 Japan Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 42 India Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 43 South Korea Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 44 Rest of Asia Pacific Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 45 Middle East & Africa Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 46 Middle East and Africa Commercial Drones Market, Value Share Analysis, By Types, 2016 and 2025
  • FIG. 47 Middle East and Africa Commercial Drones Market, Value Share Analysis, By Application, 2016 and 2025
  • FIG. 48 Middle East and Africa Commercial Drones Market, Value Share Analysis, By Country, 2016 and 2025
  • FIG. 49 Saudi Arabia Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 50 UAE Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 51 South Africa Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 52 Rest of Middle East & Africa Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 53 Latin America Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 54 Latin America Commercial Drones Market Value Share Analysis, By Types, 2016 and 2025
  • FIG. 55 Latin America Commercial Drones Market Value Share Analysis, By Application, 2016 and 2025
  • FIG. 56 Latin America Commercial Drones Market Value Share Analysis, By Country, 2016 and 2025
  • FIG. 57 Brazil Commercial Drones Market, 2016 - 2025, USD Mn
  • FIG. 58 Rest of Latin America Commercial Drones Market, 2016 - 2025, USD Mn

List of Tables

  • TABLE 1 Global Market Size (USD Mn) Forecast, By Types, 2016 - 2025
  • TABLE 2 Global Market Size (USD Mn) Forecast, By Application, 2016 - 2025
  • TABLE 3 North America Commercial Drones Market, Revenue (USDMn) and Forecast, By Types, 2016-2025
  • TABLE 4 North America Commercial Drones Market, Revenue (USDMn) and Forecast, By Application, 2016-2025
  • TABLE 5 North America Commercial Drones Market, Revenue (USDMn) and Forecast, By Country, 2016-2025
  • TABLE 6 Europe Commercial Drones Market Revenue (USDMn) and Forecast, By Types, 2016-2025
  • TABLE 7 Europe Commercial Drones Market Revenue (USDMn) and Forecast, By Application, 2016-2025
  • TABLE 8 Europe Commercial Drones Market Revenue (USDMn) and Forecast, By Country, 2016-2025
  • TABLE 9 Asia Pacific Commercial Drones Market Revenue (USDMn) and Forecast, By Types, 2016-2025
  • TABLE 10 Asia Pacific Commercial Drones Market Revenue (USDMn) and Forecast, By Application, 2016-2025
  • TABLE 11 Asia Pacific Commercial Drones Market Revenue (USDMn) and Forecast, By Country, 2016-2025
  • TABLE 12 Middle East and Africa Commercial Drones Market Revenue (USD Mn) and Forecast, By Types, 2016-2025
  • TABLE 13 Middle East and Africa Commercial Drones Market Revenue (USD Mn) and Forecast, By Application, 2016-2025
  • TABLE 14 Middle East and Africa Commercial Drones Market Revenue (USD Mn) and Forecast, By Country Type, 2016-2025
  • TABLE 15 Latin America Commercial Drones Market Revenue (USD Mn) and Forecast, By Types, 2016-2025
  • TABLE 16 Latin America Commercial Drones Market Revenue (USD Mn) and Forecast, By Application, 2016-2025
  • TABLE 17 Latin America Commercial Drones Market Revenue (USD Mn) and Forecast, By Country, 2016-2025
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