Global Commercial Drones Market Research Report | Trends

1
Commercial Drones Market Popular Applications
Drones, also known as unmanned aerial vehicles
(UAVs) or unmanned aerial systems (UAS), have
traversed a dramatic path from being a
sophisticated military technology to commercial
applications. An increasing number of industries
are using drones to transform daily work. For
instance, insurance companies use drones to
inspect damaged assets, while farmers use them to
collect soil data and monitor crops. As a result,
the surging commercial applications of drones are
a key growth driver of the global commercial
drones market, expected to register a CAGR of
26.80 during the forecast period, 2022-2030.
INKWOOD
AEROSPACE DEFENCE INDUSTRY GLOBAL COMMERCIAL DRO
NES MARKET
CAGR 26.80 2022-2030 sales_at_inkwoodresea rch.com
In this regard, here are a few popular
applications of commercial drones Aerial
Photography and Videography The most popular
application of commercial drones has been aerial
photography. Businesses and companies are
therefore using drones for aerial videography and
photography. Similarly, marketing strategists and
real estate agents are using UAVs to offer a
detailed look at the property they intend to
sell. Integrating aerial drone photography and
video can help real estate agents offer a
'fly-through' of the property and show different
features of the house that are otherwise
difficult to view through photos alone.
Infrastructure Inspections
2
Drones or unmanned aerial vehicles (UAVs) are
used for inspection in several industries. For
instance, drones are used to inspect and maintain
solar panels to ensure their efficient operation.
Also, they are used for inspecting aircraft
parts, telecommunication towers, utilities, and
powerline installations. In addition, the oil
industry depends on drones to assess pipelines
and associated facilities. However, the most
common uses for unmanned commercial drones are
aircraft and pipeline inspections. Trained
personnel use drones that move along a
predetermined path and capture images further
checked for signs of dent or damage. These
methods help industries save money and time. For
instance, Airbus displayed the benefits and
importance of drone use at the Farnborough
Airshow, wherein the drone took only 15 minutes
to complete the task while the traditional
methods took 2 hours or more. Moreover, drones
help improve safety by conducting otherwise
dangerous inspections for plant inspectors.
Surveying Mapping Drones have made two broad
survey types more accessible. For instance, land
surveys for environmental preservation or
agriculture. Drones have made these inspections
easy for what once took hours. In addition, with
regard to agriculture, they can help look over
harvests. More importantly, drones enable access
to dangerous areas and aid in avoiding loss of
life. As a result, the use of drones in
surveying, geophysical mapping, cartography,
photogrammetry, and GIS mapping is on the rise
alongside increasing technological advancements.
Accordingly, UAVs are efficient for LiDAR 3D
mapping, which relies on GPS systems for
accuracy. A drone equipped with a GPS eliminates
the need for an aircraft with expensive
photogrammetry tools. Another factor in GIS UAV's
growing traction is eco-friendliness. Compared to
conventional geophysical mapping methods, drones
are non-invasive as they fly through the area
collecting photos and organizing data without
damaging the environment. As per Inkwood
Research's evaluations, precision agriculture is
the fastest-growing application in the global
commercial drones market.
Last Mile Delivery by Drones Viable Market
Potential Last mile delivery is one of the supply
chain's most expensive and difficult aspects.
Every enterprise's transportation sector is
looking for an alternative to save expenses and
time on last mile delivery. Accordingly, high-end
logistics technology, GPS tracking systems, and
route optimization software have helped manage
large transportation fleets. However, there are
transportation hurdles like air congestion, high
fuel consumption, fuel expenses, and traffic
pollution. Drones offer an optimal solution to
such hindrances since they are eco-friendly,
cost-effective, and easy to deploy, thereby
boosting the supply chain's productivity.
Besides, autonomous last mile deliveries are
considered a suitable prospect to sustain the
surging e-commerce boom.
At the same time, many policies and legal
implications exist against using unmanned
delivery drones in countries like Japan, the
United States, China, India, etc., given the
security threats. Nevertheless,
3
policies are being reformed to cater to the
increasing demand from e-commerce companies,
local retailers, and FMCG industries. Moreover,
companies are increasingly exploring the use of
last mile drones to curb delivery costs and
improve consumer service. For instance, Amazon
demonstrated its first commercial drone delivery
in December 2016 to a customer in Cambridge, the
UK, within 13 minutes of their online order.
Whereas in October 2019, Wing launched America's
first commercial drone delivery service in
Virginia. Besides, consumers prefer drone
deliveries to in-person deliveries, citing
occurrences of human errors like delays, package
losses, rejected orders, etc. As a result, the
widening commercial applications are among the
key growth drivers of the global commercial
drones market.
FAQs Which are the key players in the
global commercial drones market? A AeroVironment
Inc, Xiaomi, EHANG, 3D Robotics INSITU, etc., are
among the key players in the global commercial
drones market. Which is the prominent
product type in the global commercial drones
market? A Fixed-wing drones are the prominent
product type in the global commercial drones
market.