Commercial Drones Market Registering Phenomenal Growth- Ready to Reach $10,738 Million Globally by 2022

1
GLOBAL COMMERCIAL DRONES MARKET
Aircrafts that have the capability of autonomous
flight with the help of an embedded program, and
can be remotely operated from ground by a pilot
are called as drones. Commercial drones are
unmanned aerial aircrafts that are designed for
commercial applications such as risk mitigation,
resource planning, research excavation, urban
planning, engineering, farming management,
tourism, aerial imaging, LiDAR applications,
cargo management, weather monitoring, traffic
control, green mapping, and others.
GLOBAL OPPORTUNITY AND FORECAST 2022
2
 
COMMERCIAL DRONES MARKET ANALYST REVIEW
Heavy investment in RD activities related to
drone technology have fueled the use of
innovative tools for the development of
commercial drones. In addition, increase in
demand for GIS (geographic information system),
LiDAR (Light Detection and Ranging), aerial
mapping services across various industries is
expected to boost the adoption of commercial
drones. In addition, increased demand for aerial
imaging market in developing economies and rapid
penetration of high definition cameras present
lucrative opportunities to the commercial drone
market. Pankaj Lanjudkar Lead Analyst, ICT
 
3
 
CURRENT AND FUTURE MARKET SCENARIO

• The global commercial drones market was valued at
  2,145 million in 2015.
• The global commercial drones market is projected
  to reach 10,738 million by 2022.
• The global commercial drones market growing at a
  CAGR of 26.2 from 2016 to 2022. 
• The rotary blade segment dominated the global
  commercial drones market in 2014.
• The hybrid drones segment is expected to grow at
  the highest CAGR of 28.3 from 2016 to 2022.

4
 
TOP IMPACTING FACTORS TO MARKET GROWTH

• Technologically Advanced Products.
• Digitization and technological advancements in
  camera, drone specifications, mapping software,
  multidimensional mapping, and sensory
  applications are expected to fuel the commercial
  drone market growth during the forecast period. 
• Privacy and Security Concerns.
• Privacy issues and national security regulations
  are expected to negatively affect the market in
  the coming years. Aerial services sometimes
  require filming and photography in civilian
  areas, which affects the privacy of people.
• High-Resolution Satellite Imagery as a
  Substitute.
• Earlier, satellite imagery was a costly
  proposition, but now companies focus on
  developing technologically advanced, high
  precision, and cost effective imagery solutions.
• Increased Application Areas for GIS, LiDAR,
  Mapping Services, and Others.
• Increase in demand for GIS, LiDAR, and mapping
  services from various sectors such as
  agriculture, energy, tourism, and others fuels
  the commercial drone market growth.

5
 
COMMERCIAL DRONES MARKET SEGMENTATION

• BY TYPE
• Fixed wing drones
• Rotary bade drones
• Hybrid drones segment

• BY APPLICATION
• Agriculture and Environment
• Media and Entertainment
• Energy
• Government
• Construction Archaeology
• Others

Get PDF Sample Copy_at_ https//www.alliedmarketresea
rch.com/request-sample/974

6
The rotary blade segment dominated the global
commercial drones market in 2014.
The construction archeology segment is
anticipated to present significant growth
opportunities for key players operating in the
global market.
The hybrid drones segment is expected to grow at
the highest CAGR of 28.3 from 2016 to 2022.
7
 
GEOGRAPHICAL OVERVIEW

• Based on region, it is analyzed across North
  America, Europe, Asia-Pacific, and LAMEA.
• North America dominated the global market in
  terms of market size, while Asia-Pacific is
  estimated to grow at a significant growth rate
  during the forecast period.

8
 
DOMINATING MARKET PLAYERS PROFILED IN THE STUDY

• AeroVironment Inc.
• SZ DJI Technology Co. Ltd.
• Parrot SA
• 3D Robotics Inc.
• Leptron Unmanned Aircraft Systems Inc.
• PrecisionHawk Inc.
• Yuneec International Co. Ltd.
• Aeryon Labs Inc.
• Trimble Navigation Ltd.
• Insitu Inc.

9
 
A Report Titled Commercial Drones Market-
Opportunities And Forecasts, 2014 2022 has been
recently published by Allied Market Research. It
makes an In-depth Analysis of current trends,
drivers, and restraining factors that affect
Financial Ratios relevant to the industry.
Company profiles for key vendors in business
builds a comprehensive picture of profitable
opportunities from Stakeholders Perspective. To
Know More About Commercial Drones Market-
Opportunities and Forecasts 2014-2022 https//www.
alliedmarketresearch.com/commercial-drone-market
Get PDF Sample Copy https//www.alliedmarketresear
ch.com/request-sample/974 Follow Allied Market
Research
10
 
ABOUT ALLIED MARKET RESEARCH
Allied Market Research (AMR) is a full-service
market research and business-consulting wing of
Allied Analytics LLP based in Portland, Oregon.
Allied Market Research provides global
enterprises as well as medium and small
businesses with unmatched quality of "Market
Research Reports" and "Business Intelligence
Solutions." AMR has a targeted view to provide
business insights and consulting to assist its
clients to make strategic business decisions and
achieve sustainable growth in their respective
market domain. We are in professional corporate
relations with various companies and this helps
us in digging out market data that helps us
generate accurate research data tables and
confirms utmost accuracy in our market
forecasting. Each and every data presented in the
reports published by us is extracted through
primary interviews with top officials from
leading companies of domain concerned. Our
secondary data procurement methodology includes
deep online and offline research and discussion
with knowledgeable professionals and analysts in
the industry.
Contact Shriram Dighe 5933 NE Win Sivers
Drive 205, Portland, OR 97220 United States Toll
Free 1-800-792-5285 UK 44-845-528-1300 Hong
Kong 852-301-84916 India (Pune)
91-20-66346060 Fax [phone] help_at_alliedma
rketresearch.com Web https//www.alliedmarketrese
arch.com