Commerical Drone market

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• Rising Technological Advancements to Boost Growth
• Nowadays, the demand for commercial UAVs is
  upsurging. It is resulting in the persistent
  creation of technologically advanced drones.
  Several prominent manufacturers are also
  investing huge sums in research and development
  activities to launch unique products. As per one
  of our lead analysts, Industry giants, such as
  AeroVironment, 3D Robotics, and DJI are
  accelerating the commercial unmanned aerial
  vehicle (UAV) market growth by introducing
  innovative drones. Some of the novel technologies
  consist of automation, artificial intelligence,
  and robotics.
• The global commercial drone market is set to gain
  traction from their increasing use in different
  industries, namely, Infrastructure, Transport
  Delivery, Insurance, Media, Telecommunication,
  Agriculture, Security, and Mining. Additionally,
  introduction to various technologies, such as
  wireless communication, GNSS, satellite
  communications, RADAR/LiDar, and GPS, would
  affect the market positively.
• As per the study, the commercial drone market
  size is projected to reach USD 6.30 billion by
  2026, at a CAGR of 23.37 during the forecast
  period. However, it stood at USD 1.20 billion in
  2018.
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• Regional Analysis
• North America to Dominate Backed by High Demand
  for Drones for Security Purposes
• In terms of region, the market is fragmented into
  Asia Pacific, Europe, the Middle East and
  Africa, Latin America, and North America. Amongst
  these, North America held USD
• 711.9 million commercial drone market revenue in
  2018 and is set to remain in the dominating
  position throughout the forecast period. This
  growth is attributable to the upsurging usage of
  drones for security and recreational purposes,
  engineering projects, and surveying and mapping
  applications in countries such as Canada and the
  U.S. Besides, the U.S. Federal Aviation
  Administration (FAA) put forward a few changes in
  norms to deliver coherent guideline concerning
  the safe and legal operation of UAVs in
  commercial sector.
• Asia Pacific, on the other hand, is anticipated
  to showcase considerable growth backed by high
  demand for unique and automated drones from Japan
  and China. They are used extensively in both
  countries to tackle the increasing labor cost.
  Europe is expected to experience steady growth
  in the coming years because of the increasing
  government interventions to promote the usage of
  drones for a wide range of industrial
  applications.

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• 3DR
• Airbus S.A.S.
• YUNEEC
• EHANG
• Kespry
• INSITU
• Delair
• AguaDrone.com
• Autel Robotics USA
• Other reputed companies
• Competitive Landscape
• Reputed Drone Manufacturers Engage in Strategic
  Collaborations to Strengthen Position
• Numerous commercial drone companies present in
  the market are mainly focusing on partnering up
  with other enterprises to broaden their
  geographic presence and increase product
  portfolio. In addition to that, they are working
  persistently to gain maximum commercial UAV
  market share during the forthcoming years.
• Below are a couple of key industry developments

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