Global Commercial Drones Market Size to Reached US$ 71.99 Billion by 2027
IMARC Group has recently released a new research study “Commercial Drones Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of The Commercial Drones Industry?
The global commercial drones market size reached 16.06 billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 71.99 Billion by 2027, exhibiting a growth rate (CAGR) of 26.60% during 2022-2027.
What Is Commercial Drones?
Commercial drones represent unmanned aerial vehicles (UAVs) designed for industrial purposes rather than personal or recreational usage. They are integrated with several components, such as flight control computers, thermal cameras, ultrasonic and collision avoidance sensors, receivers, global positioning systems (GPS), etc.
Commercial drones aid in mapping areas and gathering real-time data while surveying and performing superior-quality aerial filming and photography. They prove extremely effective in risk mitigation, weather monitoring, urban planning, farm management, traffic controlling, green mapping, research and excavation, etc. Consequently, commercial drones find extensive applications across various sectors, including agriculture, delivery and logistics, energy, media and entertainment, construction, security and law enforcement, etc.
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What Are The Key Factors Driving In The Commercial Drones Market?
The growing need for intelligent UAVs with high-resolution cameras and state-of-the-art sensors to perform numerous business-related operations is among the key factors driving the commercial drones market. In addition to this, the expanding location-based services, such as e-commerce shipping, tourism, food delivery, and social networking, and the elevating requirement for speeding-up distribution procedures are acting as significant growth-inducing factors.
Apart from this, the launch of smart commercial drones with built-in compliance technologies to facilitate efficacious flight control is also positively influencing the global market. In line with this, the development of new products incorporated with three-dimensional (3D) mapping, automatic dependent surveillance-broadcast or ADS-B transponder solutions, artificial intelligence (AI), and machine learning (ML), that assist in geographical mapping, tracking multiple objects, and offering analytical insights after capturing, transferring, and processing data is further stimulating the market growth. Moreover, the increasing use of the drone variants in the agricultural segment to promote sustainable growth of crops by delivering information related to climate change to farmers is expected to bolster the commercial drones market in the coming years.
Who Are The Key Players/Companies In Commercial Drones Market?
Aisin Corporation, Akebono Brake Industry Co. Ltd., BorgWarner Inc., Brembo S.p.A., Continental AG, Haldex AB, HELLA GmbH & Co. KGaA (Faurecia SE), Hitachi Ltd., Hyundai Mobis Co. Ltd. (Hyundai Motor Group), Knorr-Bremse AG, Performance Friction Corporation, Robert Bosch GmbH and ZF Friedrichshafen AG.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Weight:
- <2 Kg
- 2 Kg-25 Kg
- 25 Kg-150 Kg
Breakup by System:
- Hardware
- Airframe
- Propulsion System
- Payloads
- Others
- Software
Breakup by Product:
- Fixed Wing
- Rotary Blade
- Hybrid
Breakup by Mode of Operation:
- Remotely Operated
- Semi-Autonomous
- Autonomous
Breakup by Application:
- Filming and Photography
- Inspection and Maintenance
- Mapping and Surveying
- Precision Agriculture
- Surveillance and Monitoring
- Others
Breakup by End Use:
- Agriculture
- Delivery and Logistics
- Energy
- Media and Entertainment
- Real Estate and Construction
- Security and Law Enforcement
- Others
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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