Commercial Drones Market
Global Commercial Drones Market Size, Share & Trends Analysis Report by Type (Fixed Wing Drones, Rotary Blade Drones, Nano Drones, Hybrid Drones), By Application (Transportation, Agriculture, Media & Entertainment, Construction, Government & Defense, and Others), Forecast Period 2020-2026 Update Available - Forecast 2024-2030
The global commercial drones market is growing at a CAGR of 17.5% during the forecast period. The factors that augment the growth of the market include increasing demand in varied applications, reduction in size, and technical advancement. Drones are aircraft-flying devices without a human pilot aboard. UAVs are a component of an unmanned aircraft system (UAS) which includes a UAV, a system of communications between the two, and a ground-based controller. The flight of UAVs may operate with various degrees of autonomy either autonomously by onboard computers or under remote control by a human operator. Drones also are known as unmanned aerial vehicles are mainly used for military purposes. The drones are being used for varied purposes for surveying forest and oil fields for agricultural purposes. Drones are used in the entertainment industry for using varied camera angles; especially in sports and live events. Drones are also being used for e-commerce and cargo deliveries. Drones are also being used by law enforcement agencies. Though, high prices, strict government regulations, limited commercialization, and air traffic security and safety issues are some of the few restraining factors that act as a barrier to the growth of the global commercial drones during the forecast period.
Segmental Outlook
The global Commercial drones market is segmented on the basis of types and application. On the basis of type, the market is further segmented into fixed-wing drones, rotary blades drones, nano drones, and hybrid drones. Further, based on the application segment, the market is sub-segmented into transportation, agriculture, media & entertainment, construction, government & defense, and others.
Global Commercial Drones Market Share by Type, 2019 (%)
Global Commercial Drone market to be driven by hybrid drone segment
The hybrid drone market is projected to grow at a significant pace during the forecast period. The hybrid drones are popular among all other drones because they can be easily converted from vertical take-off and landing (VTOL) to fixed-wing flight. Additionally, the wide applications of hybrid drones in the area of military and civilian operations such as disaster recovery further projected to contribute in the market. Moreover, fixed-wing drone segment is projected considerable share and are estimated to maintain their dominance during the forecast period. Additionally, fixed-wing drones are more efficient than rotary drones in terms of longer ranges, greater endurance, and more power with the same battery capacity.
Regional Outlooks
The global commercial drones market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. On the basis of geography, the market is segregated into North America, Europe, Asia-Pacific, and the Rest of the World. North America is growing at a significant pace owing to the high production and early adoption of new technologies in various sectors such as e-commerce, government and defense. Increasing applications in law enforcement and agriculture, supportive government initiatives, building retrofits further encourages the demand for commercial drones in the region. APAC is showing a faster pace owing to the increasing adoption of drones in applications such as traffic management, agriculture, and so on. China and India are the major countries in this region. Though, Japan is also working continuously in this technology.
Global commercial drones market Growth, by Region 2020-2026
Asia-Pacific will have considerable growth in the global commercial drones market
Asia-Pacific will have considerable growth in the global commercial drones market due to the increasing demand for automated drones, especially in Japan and China. Additionally, the rising number of drone production companies and higher investment by market players in research and development for technology advancement drives the growth of the market in this region. Moreover, the use of UAVs in the agriculture sector for higher efficiency as compared to manual labor is lead to the growth of this region.
Market Players Outlook
Key players of the global commercial drones market include - AeroVironment Inc, Drone Volt Group, 3D Robotics, DJI Technology Co, Ltd., Parrot Drone SAS, ActionDrone USA, AguaDrone LLC, Tata Advanced Systems, and others. In order to survive in the market, these players adopt different marketing strategies such as a merger and acquisitions, product launch, and geographical expansion so on. For Instance, in Feb 2021, AeroVironment Inc., has announced that it has completed its accusation of Arcturus UAV, Inc for a deal of $405 million in cash and stock to expand their business.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global commercial drones market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.2.4. Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. AeroVironment, Inc
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. SZDJI Technology Co., Ltd.,
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Parrot Drone SAS
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. DRONE VOLT Group
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Action Drone Inc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Commercial Drones Market by Type
5.1.1. Fixed Wing Drones
5.1.2. Rotary Blade Drones
5.1.3. Nano Drones
5.1.4. Hybrid Drones
5.2. Global Commercial Drones Market by Applications
5.2.1. Transportation
5.2.2. Agriculture
5.2.3. Media and Entertainment
5.2.4. Construction
5.2.5. Government and Defense
5.2.6. Others(Energy, Tourism)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. AeroVironment, Inc.
7.2. DRONE VOLT group
7.3. AguaDrone, LCC
7.4. Tata Advanced Systems Ltd.
7.5. AUTEL ROBOTICS Co., Ltd.
7.6. BAE Systems PLC,
7.7. SZDJITechology Co., Ltd.
7.8. Draganfly Inc.
7.9. Leonardo S.p.A.
7.10. Freefly Systems
7.11. General Atomics Aeronautical Systems, Inc.
7.12. Tiger Innovations Inc.
7.13. Israel Aerospace Industry
7.14. Kespry Inc.
7.15. Lockheed Martin Corp.
7.16. Northrop Grumman
7.17. Parrot Drone SAS
7.18. SYMA International Trade Development Ltd.
7.19. Thales Group
7.20. Safran SA
1. GLOBAL COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY TYPES, 2019-2026 ($ MILLION)
2. GLOBAL FIXED WING DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL ROTARY BLADE DRONES MARKET DRONES RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL NANO DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL HYBRID DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2019-2026 ($ MILLION)
7. GLOBAL COMMERCIAL DRONES IN TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL COMMERCIAL DRONES IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL COMMERCIAL DRONES IN MEDIA AND ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL COMMERCIAL DRONES IN CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL COMMERCIAL DRONES IN GOVERNMENT AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL COMMERCIAL DRONES IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. NORTH AMERICAN COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
14. NORTH AMERICAN COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
15. NORTH AMERICAN COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
16. EUROPEAN COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
17. EUROPEAN COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
18. EUROPEAN COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
19. ASIA-PACIFIC COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
20. ASIA-PACIFIC COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
21. ASIA-PACIFIC COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
22. REST OF THE WORLD COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
23. REST OF THE WORLD COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
24. REST OF THE WORLD COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. GLOBAL COMMERCIAL DRONES MARKET SHARE BY TYPE, 2019 VS 2026 (%)
2. GLOBAL COMMERCIAL DRONES MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
3. GLOBAL COMMERCIAL DRONES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. GLOBAL COMMERCIAL FIXED WING DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2019 VS 2026 (%)
5. GLOBAL COMMERCIAL ROTATRY BLADE DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2019 VS 2026 (%)
6. GLOBAL COMMERCIAL NANO DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2019 VS 2026 (%)
7. GLOBAL COMMERCIAL HYBRID DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2019 VS 2026 (%)
8. GLOBAL COMMERCIAL DRONES IN TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2019 VS 2026 (%)
9. GLOBAL COMMERCIAL DRONES IN AGRICULTURE MARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2019 VS 2026 (%)
10. GLOBAL COMMERCIAL DRONES IN MEDIA AND ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019 VS 2026 (%)
11. GLOBAL COMMERCIAL DRONES IN CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2019 VS 2026 (%)
12. GLOBAL COMMERCIAL DRONES IN GOVERNMENT AND DEFENSE RESEARCH AND ANALYSIS BY REGION, 2019 VS 2026 (%)
13. GLOBAL COMMERCIAL DRONES IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019 VS 2026 (%)
14. GLOBAL COMMERCIAL DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2019 VS 2026 (%)
15. US COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
16. CANADA COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
17. UK COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
18. FRANCE COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
19. GERMANY COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
20. ITALY COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
21. SPAIN COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
22. REST OF EUROPE COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
23. INDIA COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
24. CHINA COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
25. JAPAN COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
26. REST OF ASIA-PACIFIC COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
27. REST OF THE WORLD COMMERCIAL DRONES MARKET SIZE, 2019-2026 ($ MILLION)
