Commercial Drones Market Size, Share, Trends, Growth, Industry Analysis, Report and Global Forecast 2023-2028
The ‘Global Commercial Drones Market Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the commercial drones market global forecast, assessing the market on the basis of its segments like product types, applications, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): About USD 30.6 Billion
- Forecast CAGR (2023-2028): 35.2%
- Forecast Market Size (2028): Nearly USD 195.1 Billion
Commercial farms are increasingly utilising drones for efficiently managing crops and livestock, planting seeds, spraying fertilisers and insecticides, and monitoring crops. Moreover, the growing use of drones to perform topographical surveys and photogrammetry, coupled with their rising cost-effectiveness, is favouring the commercial drones market.
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The evolving regulatory framework supporting the use of commercial drones in diverse applications is stimulating the market. There is a rising awareness regarding the economic benefits of drones in applications like inspection of energy utility infrastructure, precision agriculture, and local delivery programs, among others, hence augmenting the market.
The decreasing costs of customising drones are also likely to surge their deployment in tasks like monitoring traffic incidents, delivering products, and surveying hard-to-reach areas. Besides, the growing trend of sustainability is anticipated to boost the use of drones to reduce carbon emissions and energy usage in delivery applications while increasing the efficiency of renewable energy plants and the oil and gas sector.
Commercial Drones Industry Definition and Major Segments
Commercial drones, variously known as professional unmanned vehicles, refer to drones that are used for industrial and commercial applications. They are equipped with high-definition thermal cameras, can be remotely controlled from the ground, and are widely used to handle complex tasks. Commercial drones find extensive applications in diverse end-use sectors, including construction, agriculture, and energy, among others.
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The market, on the basis of product type, is categorised into:
- Fixed Wing
- Rotary Blade
- Hybrid
Based on application, the market is divided into:
- Filming and Photography
- Inspection and Maintenance
- Mapping and Surveying
- Precision Agriculture
- Surveillance and Monitoring
- Others
By end use, the market is segmented into:
- Agriculture
- Delivery and Logistics
- Energy
- Media and Entertainment
- Real Estate and Construction
- Security and Law Enforcement
- Others
The major regional markets of commercial drones include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Commercial Drones Market Trends
In the robustly growing construction sector, commercial drones are used to gather precise data and measurements by evaluating large worksites. They are also utilised to develop 3D models and detailed maps of construction sites for efficient measuring of volumes, elevations, and surfaces. Moreover, construction contractors are extensively deploying drones to spot errors, progress tracks, and inspect construction sites.
With the growing concerns regarding safety among construction companies, the use of drones to navigate hazardous conditions while ensuring workers’ safety is significantly rising. Besides, the commercial drones market is being bolstered by the growing use of drones for data collection, advancements in imaging technology, the rising demand for reliable and sophisticated designs, and the development of innovative drones that can prevent accidents.
Advancements in drone technology aimed at decreasing the manufacturing costs and improving the accuracy of drones are anticipated to fuel their demand in diverse end-use sectors, ranging from construction to entertainment, in the coming years.
Key Market Players
The major players in the commercial drones market report are:
- Aeronavics Ltd.
- AeroVironment, Inc.
- Autel Robotics
- SZ DJI Technology Co., Ltd.
- Draganfly Inc.
- Others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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