Commercial Drone Industry Overview and Analysis Report, 2022

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Commercial Drone Market Share, Size, Analysis,
Regional Outlook, Growth, Trends and Forecasts to
2024 Hexa Research
Global Commercial Drone Market to Surpass USD 2
Billion By 2022
Global Commercial Drone Market size is estimated
to reach USD 2,069.6 million by 2022, as per a
new research report by Hexa Research. Increasing
application of these machines in various industry
sectors such as military, agriculture and energy
among others is expected to drive industry
demand. Growing investments in industrialized
markets for technology innovation and
commercialization is likely to provide
opportunities for future applications in the
commercial drones market.
Drones are being increasingly used for commercial
purposes such as delivering products to
customers without hiring a driver. For instance,
Dominos adopted these machines in order to
deliver food items. In addition, solar powered
drones with five years airborne capacity are
increasingly used as mobile access points to
provide internet access in remote areas. Media
and entertainment industries are expected to
fuel the demand considerably owing to its small
size and flying capability. These machines are
also used in real estate industry to capture
aerial shots of the infrastructure.
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Rotary blade accounted for over 75 of the
overall industry share in 2014. It is expected to
dominate the industry due to its fixed position
hovering and multi-directional flying capability.
Nano drone was valued at USD 38.7 million in 2014
and is projected to witness highest growth rate
over the forecast period. This spur can be
addressed to its portability and efficient
application in security and photography activities
Event organizers are increasingly using drones
for safety and proper crowd management. Growing
usage in law enforcement activities is projected
to fuel the demand. It is mainly used to gather
evidence and also investigate crime scenes by
capturing high definition videos as well as
photos.
Strict government norms regarding safety and
privacy concerns are anticipated to hinder the
industry growth. Scarcity of trained pilots in
the industry owing to lack of training and career
opportunities pose as a key challenge to the
industry demand. Commercial drones are
anticipated to witness significant
growth opportunities due to increasing demand
from agriculture industry for crop management to
augment yields.
Key report insights suggest
- Global commercial (UAV) drone market was valued
at USD 552.0 million in 2014 and it is likely to
reach USD 2,069.6 million by 2022 growing with an
estimated CAGR of 16.9 from 2015 to 2020.
- North America captured majority of the market
share and dominated the regional demand owing to
high production and increasing applications in
commercial sectors. Asia Pacific was valued at
USD 117.8 million in 2014. The region is expected
to witness significant growth due to prominent
use of drones for agricultural purposes.
- Agriculture accounted for 24.13 of the overall
industry share in 2014. It is projected to be
valued at USD 557.8 by 2022 owing to crop
monitoring activity for enhancing yield.
Government sector was value at USD 245.4 million
in 2014. It is likely to reach USD 846.1 million
by 2022 growing at a CAGR of 15.6 from 2015 to
2022 over the forecast period.
- The commercial drone industry consists of top
three participants occupying majority of the
industry share. DJI Innovations dominated the
industry with over 43 share in 2014. Key
industry players encapsulate Parrot SA and
AeroVironment Inc among others.
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Table of Content of Commercial Drone Market
Chapter 1 Methodology and Scope 1.1 Research
methodology
1.2 Research scope and assumptions 1.3 List of
data sources
Chapter 2 Executive Summary
2.1 Commercial drone - Industry Summary Key
Buying Criteria, 2012-2022
Chapter 3 Commercial Drone Industry Overview 3.1
Market segmentation
3.2 Market size and growth prospects 3.3
Commercial drones value chain analysis 3.3.1
Vendor landscape
3.4 Commercial drones technology roadmap 3.5
Commercial drones market dynamics 3.5.1 Market
driver analysis
3.5.1.1 Technological proliferation
3.5.1.2 Increase in demand from application
areas 3.5.1.3 Effective adoption of drones for
law enforcements 3.5.2 Market restraint analysis
3.5.2.1 Stringent government regulations 3.5.2.2
Scarcity of trained pilots
3.5.2.3 Air traffic management and security and
safety issues 3.6 Key opportunities - Prioritized
3.7 Industry Analysis - Porters
3.8 Commercial drones - Key company analysis,
2014 3.8.1 Company strategy overview
3.9 Commercial drones - PESTEL Analysis
Chapter 4 Commercial Drone Product Overview 4.1
Commercial drone market share by product, 2014
2022 4.2 Fixed wing
4.3 Rotary blade
4.4 Nano drones
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4.5 Hybrid
Chapter 5 Commercial Drone Application Overview
5.1 Commercial drone market share by application,
2014 2022
5.2 Agriculture 5.3 Energy
5.4 Government 5.5 Media Entertainment 5.6
Others
Chapter 6 Commercial Drone Regional Overview 6.1
Commercial drone market share by region, 2014
2022 6.2 North America
6.2.1 North America market by product, 2012 -
2022 6.2.2 North America market by application,
2012 - 2022 6.2.3 U.S.
6.2.3.1 U.S. market by product, 2012 -
2022 6.2.3.2 U.S. market by application, 2012 -
2022 6.2.4 Canada
6.2.4.1 Canada market by product, 2012 -
2022 6.2.4.2 Canada market by application, 2012 -
2022 6.3 Europe
6.3.1 Europe market by product, 2012 - 2022 6.3.2
Europe market by application, 2012 - 2022 6.3.3 UK
6.3.3.1 UK market by product, 2012 - 2022 6.3.3.2
UK market by application, 2012 - 2022 6.3.4
Germany
6.3.4.1 Germany market by product, 2012 -
2022 6.3.4.2 Germany market by application, 2012
- 2022 6.4 Asia Pacific
6.4.1 Asia Pacific market by product, 2012 -
2022 6.4.2 Asia Pacific market by application,
2012 - 2022 6.4.3 China
6.4.3.1 China market by product, 2012 -
2022 6.4.3.2 China market by application, 2012 -
2022
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6.4.4 Japan
6.4.4.1 Japan market by product, 2012 -
2022 6.4.4.2 Japan market by application, 2012 -
2022 6.5 Latin America
6.5.1 Latin America market by product, 2012 -
2022 6.5.2 Latin America market by application,
2012 - 2022 6.6 MEA
6.6.1 MEA market by product, 2012 - 2022 6.6.2
MEA market by application, 2012 - 2022
Chapter 7 Competitive Landscape 7.1 AeroVironment
Inc.
7.1.1 Company Overview 7.1.2 Financial
Performance 7.1.3 Product Benchmarking 7.1.4
Strategic Initiatives 7.2 Aurora Flight
Sciences 7.2.1 Company Overview 7.2.2 Financial
Performance 7.2.3 Product Benchmarking 7.2.4
Strategic Initiatives 7.3 BAE Systems PLC
7.3.1 Company Overview 7.3.2 Financial
Performance 7.3.3 Product Benchmarking 7.4
Challis Heliplane UAV Inc. 7.4.1 Company
Overview 7.4.2 Financial Performance 7.4.3
Product Benchmarking 7.5 Denel Dynamics
7.5.1 Company Overview 7.5.2 Financial
Performance 7.5.3 Product Benchmarking 7.6 DJI
Innovations
7.6.1 Company Overview 7.6.2 Financial Performance
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7.6.3 Product Benchmarking 7.7 Draganfly
Innovations Inc. 7.7.1 Company Overview 7.7.2
Financial Performance 7.7.3 Product
Benchmarking 7.7.4 Strategic Initiatives 7.8
Elbit Systems Ltd.
7.8.1 Company Overview 7.8.2 Financial
Performance 7.8.3 Product Benchmarking 7.8.4
Strategic Overview
7.9 General Atomics
7.9.1 Company Overview 7.9.2 Financial
Performance 7.9.3 Product Benchmarking 7.10
General Dynamics Corporation 7.10.1 Company
Overview 7.10.2 Financial Performance 7.10.3
Product Benchmarking 7.11 Israel Aerospace
Industries 7.11.1 Company Overview 7.11.2
Financial Performance 7.11.3 Product
Benchmarking 7.11.4 Strategic Initiatives 7.12
Lockheed Martin Corporation 7.12.1 Company
Overview 7.12.2 Financial Performance 7.12.3
Product Benchmarking 7.12.4 Strategic
Initiatives 7.13 Northrop Grumman 7.13.1 Company
Overview 7.13.2 Financial Performance 7.13.3
Product Benchmarking 7.13.4 Strategic
Initiatives 7.14 Parrot SA
7.14.1 Company Overview
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7.14.2 Financial Performance 7.14.3 Product
Benchmarking 7.15 Prox Dynamics AS
7.15.1 Company Overview 7.15.2 Financial
Performance 7.15.3 Product Benchmarking 7.15.4
Strategic Initiatives 7.16 SAIC
7.16.1 Company Overview 7.16.2 Financial
Performance 7.16.3 Product Benchmarking 7.16.4
Strategic Initiatives 7.17 Textron Inc.
7.17.1 Company Overview 7.17.2 Financial
Performance 7.17.3 Product Benchmarking 7.17.4
Strategic Initiatives 7.18 Thales Group
7.18.1 Company Overview 7.18.2 Financial
Performance 7.18.3 Product Benchmarking 7.18.4
Strategic Initiatives 7.19 The Boeing
Company 7.19.1 Company Overview 7.19.2 Financial
Performance 7.19.3 Product Benchmarking 7.19.4
Strategic Initiatives
7.20 Turkish Aerospace Industries Inc. 7.20.1
Company Overview
7.20.2 Financial Performance 7.20.3 Product
Benchmarking 7.20.4 Strategic Initiatives
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organization, offering industry reports, custom
research and consulting services to a host of key
industries across the globe. We offer
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