Smart Commercial Drone Market Current Global Scenario | Industry Analysis, Key Players Review, Industry Demand, Top Companies, Product Category and Forecast to 2024
Research Reports
Dec 29, 2020
Market Highlights
Unmanned aerial vehicles (UAVs) are gradually being used in the entertainment, agriculture and energy industries, which is eventually projected to have a beneficial effect on business development. Initially seen as a military weapon, over the past few years, UAVs have developed a major presence in the commercial world.
However, several of the factors that are likely to threaten the development of the commercial drone industry to some degree are many privacy and safety risks, the lack of qualified pilots, and UAS traffic management problems.
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Competitive Dashboard
The notable players in the global Smart Commercial Drone Market are PRECISIONHAWK, Inc. (US), Parrot Drones SAS (France), 3D Robotics, Inc. (US), Elbit Systems Ltd (Israel), Israel Aerospace Industries (Israel), Ascending Technologies GmbH (Germany), XAIRCRAFT Technology Co. Ltd (China), HUVRDATA, LLC (US), Zero UAV (Beijing), Intelligence Technology Co. Ltd (US), AeroVironment, Inc. (US), DJI (China), Yamaha Motor Company Limited (Japan), and DRAGANFLY Innovations Inc. (Canada).
Segmental Analysis
The market has been segmented into fixed-wing, multi-rotor, and others on the basis of form. In 2020, the global market was led by the fixed-wing segment and is expected to record the highest CAGR over the forecast period. Multi-rotor drones are tailored and versatile depending on the payload model.
The market was divided into payload, guidance, navigation and control, and propulsion system, depending on the part. In 2020, the payload segment led the market and during the forecast period, Global Smart Commercial Drone Market expected to record the highest CAGR. Weights, cameras, and instruments are used in the payload.
The industry was categorized as distribution drones, agricultural surveillance, oil & gas, law enforcement, emergency prevention, culture, media and mapping, remote area networking, environmental drones, real estate and development and others on the basis of the application. The industry was led by the delivery drones segment in 2020 and is expected to record the highest CAGR during the forecast period.
Regional Overview
North America, Europe, Asia-Pacific, the Middle East & Africa and Latin America were segmented on a region-based basis in the global smart commercial drone industry.
In 2020, due to the use of drones in diverse applications such as agricultural surveillance, oil & gas, and networking in remote regions, the North American industry led the global smart commercial drone market.
During the projected era, the Asia-Pacific market is predicted to be the fastest growing one. In countries like China, the availability of low-cost smart drones and the growing production of lightweight drones are driving market growth in the country. In addition, rising construction activities in China and India are boosting the region’s business growth. In addition, investment by prominent commercial drone manufacturers in India is projected to fuel the growth of the sector.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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