Global Commercial Drones Markets Report 2021-2027 - Internet of Things (IoT) to Fuel Commercial Use of Drones

DUBLIN, Sept. 3, 2021 /PRNewswire/ -- The "Commercial Drones - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Commercial Drones Market to Reach $18.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Commercial Drones estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$18.2 Billion by 2027, growing at a CAGR of 20.5% over the period 2020-2027.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 20.1% CAGR

The Commercial Drones market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 20.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 17.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Commercial Drones - An Expanding Market
• Outlook
• A Walk Through the Transition from Military to Commercial and Civilian Applications
• Recent Market Activity
• Beyond Line of Sight Drone Operations to Stir Future Growth
• Use Cases of Commercial Drones Continue to Expand
• Technology Advancements Critical for Commercial Drones Market
• Rotary Blade UAVs to Lead Commercial Drones Market
• Challenges Confronting Commercial Drones Market
• Lack of Regulatory Framework Hampers Adoption of Drones in Commercial Sector
• Drone Use Raises Concerns over Damage to Property & People
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS  (Total 154 Featured)

• AeroVironment, Inc. (USA)
• Agribotix, LLC (USA)
• Cyberhawk Innovations Ltd. (UK)
• CyPhy Works, Inc. (USA)
• Draganfly Innovations Inc. (Canada)
• DroneDeploy (USA)
• Drone Aviation Holding Corporation (USA)
• EHang, Inc. (China)
• Intel Corporation (USA)
• Lockheed Martin Corporation (USA)
• Parrot SA (France)
• senseFly Ltd. (Switzerland)
• PrecisionHawk (USA)
• Prioria Robotics, Inc. (USA)
• Sharper Shape Ltd. (Finland)
• Skycatch, Inc. (USA)
• SZ DJI Technology Co., Ltd. (China)
• XAIRCRAFT Technology Co., Ltd. (China)
• Yuneec International Co., Ltd. (China)

3. MARKET TRENDS & DRIVERS

• Artificial Intelligence to Drive Future Growth
• Automation - A Significant Area of Development
• Use of Drones in Gathering Data Drives Adoption in the Enterprise Sector
• Internet of Things (IoT) to Fuel Commercial Use of Drones
• Companies Focus on Battery Technologies for Extended Flight Times
• UAV Technology to Enable Creation of Customized 3D Maps
• 3D Mapping to Optimize Vehicular Movement at Construction Sites
• Drone-as-a-Service Takes Flight
• Drone Rental Centers - A Growing Concept
• Photography Drones - Smart Capabilities Spur Adoption
• Falling Cost of Materials Bodes Well for the Adoption of Commercial Drones
• Advancing Smartphone Tech Facilitates Adoption of Drones in Commercial Applications
• Testing: An Essential Requirement for Commercialization of Drones
• Open Source Development Efforts to Reduce Penetration of Proprietary Drone Designs

4. GLOBAL MARKET PERSPECTIVE

• World Current & Future Analysis for Commercial Drones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
• World 7-Year Perspective for Commercial Drones by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/4xz4p2

Media Contact:
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets

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