Global Commercial Drone Market 2024 Overview, Demands, Market Share and Growth Rate Analysis - PowerPoint PPT Presentation

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Global Commercial Drone Market 2024 Overview, Demands, Market Share and Growth Rate Analysis

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An unmanned aerial vehicle (UAV), commonly known as a drone, is an aircraft without a human pilot aboard. UAVs are a component of an unmanned aircraft system (UAS); which include a UAV, a ground-based controller, and a system of communications between the two. The flight of UAVs may operate with various degrees of autonomy: either under remote control by a human operator or autonomously by onboard computers. Request for a sample of this research report @ – PowerPoint PPT presentation

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Title: Global Commercial Drone Market 2024 Overview, Demands, Market Share and Growth Rate Analysis


1
Unmanned Aerial Vehicle (UAV) Market By Product ,
Applications and Regional Outlook 2017-2024
Global Market Insights, Inc.
https//www.google.co.in/url?sairctjqesrcs
sourceimagescdcadrjauact8ved2ahUKEwisorzt
jc3ZAhVEP48KHTmrA2cQjRx6BAgAEAYurlhttps3A2F2F
agriculture.trimble.com2Fprecision-ag2Fabout2Fl
earn2FpsigAOvVaw06AXM-trUaXr7iuPeabgIfust1520
061862616754
2
Commercial Drone Industry Overview
  • The growth of the market is credited to
    increasing venture capital investment in the
    market space. In 2016, there were about 105 deals
    with an approximation of USD 541 million. It was
    estimated that the investment in commercial
    drones moved from hardware to software in 2017
    with the Venture Capitals (VCs) targeting
    end-to-end solutions, software, and counter-drone
    technology. One of the most important investments
    in 2017 was of 3D Robotics of about USD 53
    million Series D round from Atlantic Bridge
    CapitalTrue, VenturesFoundry and GroupMayfield.
    It witnessed the transition from hardware to
    software services. Moreover, commercial drone
    market companies which led the funding were
    targeting industrial and enterprise inspection.
  • The technological advancements and innovation in
    the commercial drone market space is also
    estimated to drive the revenue. The integration
    of artificial intelligence and advanced machine
    learning algorithms has developed several new
    avenues for utilization of UAVs capabilities. For
    instance, retail industry is also leveraging the
    capabilities for delivering package. In December
    2016, Amazon successfully completed one of the
    first ever commercial deliveries in Cambridge,
    UK. Similarly, Zipline, a U.S. based robotics
    company deployed its fleet of drones to deliver
    blood in Rwanda to provide medical relief in
    remote areas of the East African region. The
    company even plans to utilize the capability of
    civil drones to delivery one of the largest drone
    delivery network in Tanzania.  

3
Commercial Drone Industry Background
  • The commercial UAVs market is growing
    exponentially with the advancement of technology
    and relaxation on regulation by the government
    authorities. The market has grown immensely in
    the past decade, with the start of an
    increasingly adoption and decline of costs since
    2004. This has resulted in an increase of
    production. Furthermore, increasing use cases in
    industry verticals such as construction, retail,
    reUAVal estate and agriculture is augmenting the
    industry growth.
  • An unmanned aerial vehicle (UAV), commonly known
    as a drone, is an aircraft without a human pilot
    aboard. UAVs are a component of an unmanned
    aircraft system (UAS) which include a UAV, a
    ground-based controller, and a system of
    communications between the two. The flight of
    UAVs may operate with various degrees of
    autonomy either under remote control by a human
    operator or autonomously by onboard computers.

4

Browse Full Market Research Report Of Precision
Farming Market _at_ http//bit.ly/2pNHwYg
Request for a Sample of this Research
report _at_ https//www.gminsights.com/request-sample
/detail/115
5
U.S. Commercial Drone Market Volume Share, By
Application, 2016

6
Industry Coverage
7
Commercial Drone Industry By Applications
  • Despite management of data being one of the major
    hindrances to the growth of this business space,
    the application matrix of the precision farming
    market has encompassed weather monitoring,
    financial management, field monitoring, waste
    management, yield monitoring, irrigation
    management. As the application scope of precision
    tools increases in the ensuing years, the
    precision farming market is projected to observe
    an exponential growth rate, with a target revenue
    estimation in excess of USD 10 billion by 2024.
  • Weather monitoring applications will dominate the
    precision farming market during the forecast
    timeline as they provide key information related
    to important weather parameters such as moisture
    levels, relative humidity levels, rainfall and
    wind directions. Unlike other industries, farm
    production is most affected by weather conditions
    and hence, the adoption of these solutions for
    effective weather monitoring will witness
    consistent growth over the forecast period.

8
Commercial Drone Industry By Applications
  • The agriculture industry has emerged as one of
    the major end-users in the commercial UAV market.
    They are used for a wide range of applications
    such as planting, soil and field analysis, crop
    monitoring, health assessment, crop spraying and
    irrigation in the complete crop cycle. Other use
    cases include producing a precise 3D map for soil
    analysis, which can guide in planning of seed
    planting patterns. A drone-driven method of soil
    analysis offers data for nitrogen level and
    irrigation management, which is also estimated to
    be a major factor driving the commercial UAV
    market demand.
  • Aerial photography is one of the most common
    application areas. The growth of the commercial
    UAV market is attributed to the increasing
    adoption in the media and entertainment industry
    for photography and filming. They are highly
    useful in reporting events for capturing footage
    for news and broadcast. For instance, BBC is
    using drones for capturing footage in sports
    competitions and has its own in-house drone team.
    Furthermore, the growing applicability in
    wildlife photography is also augmenting the
    demand of the UAVs for aerial photography
    applications.

9
Precision Farming Industry By Region
  • Asia Pacific is estimated to gain substantial
    growth during the forecast period owing to the
    rapid increase in awareness for civilian drone
    applications and relaxation by government for the
    use of UAVs for commercial purposes. Furthermore,
    the presence of substantial number of drones
    manufacturers in the region, especially in China,
    such as DJI and Xiaomi, is also estimated to be
    drive the growth of the commercial UAV market.
    The market is also aided by adoption of drones by
    the customers and enterprises in fields such as
    agriculture, retail, and construction.

10
Competitive Precision Farming Industry Share
  • The major vendors in the commercial UAV market
    are 3D Robotics, Airobotics, AeroVironment,
    Airware, Amazon Prime Air, Bae Systems, Cyberhawk
    Innovations Ltd., DroneDeploy, DJI, Ehang Inc,
    Hoverfly Technologies, Intel Corporation, Parrot,
    PrecisionHawk, senseFly, and Yuneec
    International. These players are leveraging on
    the various strategies such as product launch,
    and strategic alliance to enhance their product
    portfolio and gain market share. For instance, In
    January 2017, DJI acquired Hasselblad, a Swedish
    camera company. The acquisition will strengthen
    DJIs presence in high-end camera drones
    landscape by combining DJIs aerial drone
    technology with Hasselblads cameras.

11
Market research reports Key analytical components
12
Market Insight Coverage
13
Report Content
Chapter 1.   Methodology Scope 1.1. 
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Scope, definition and research
parameters 1.2.  Data Sources 1.2.1.
Primary 1.2.2. Secondary Chapter 2.   Executive
Summary 2.1.  Commercial drone industry 360º
synopsis, 2013 - 2024 2.1.1. Business
trends 2.1.2. Regional trends 2.1.3. Type
trends 2.1.4. Mode of operations trends 2.1.5.
Application trends
14
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