According to a report by Reports and Data, the global commercial drone market is expected to reach USD 44.39 Billion by 2030, with growing demand in various industries including agriculture being a major driver of market growth. The shift from traditional to digitalized farming methods and the development of advanced automated solutions is creating demand for drones with advanced imaging capabilities, GPS, GIS, and autopilot systems. This is expected to help farmers with scouting and field mapping, as well as the efficient and precise distribution of fertilizers, without harming soil fertility.
Furthermore, companies in the e-commerce sector are also extensively using drones to transform their last-mile delivery services in a commercial setting. Previously, governmental regulations had restricted the deployment of drones for commercial purposes, including the delivery of goods, but the regulations have now been amended to allow for the use of UAVs for deliveries under certain clauses. This has allowed players in the e-commerce industry, as well as parcel delivery firms like FedEx, to use the service and drive market growth..
The commercial drones market is also supported by a growing ecosystem of software and service providers, such as drone data analytics and management platforms, which enable companies to manage and analyze the data collected by drones more efficiently.
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In agriculture, drones with rotary wings are used to gather information on crops, soil conditions, and pest infestations. They can also be used for precise spraying of pesticides and fertilizers, which helps to increase crop productivity and reduce the use of harmful chemicals.
In agriculture, drones are being used for crop monitoring, yield analysis, and irrigation control, which helps farmers to make data-driven decisions and increase crop productivity. In construction, drones are being used for site surveys, 3D mapping, and progress monitoring, which helps to reduce costs and improve project efficiency.
In construction, rotary-wing drones are used for aerial surveying, mapping, and inspections, which improve project planning and reduce the risk of human damage. In the media and entertainment industry, these drones are used for aerial photography and filmmaking, providing stunning images that were once difficult to capture.
the increasing use of drones in various industries is driving the revenue growth of the commercial drone market. Drones offer a range of benefits, including increased efficiency, cost savings, improved safety, and access to hard-to-reach areas, which are useful in a variety of industries.
Top Companies Operating in the Global Commercial Drones Market:
DJI, Parrot Drones, Zipline International, Hardis Group, 3D Robotics, INSITU, Flirty, Matternet, PrecisionHawk, Uber Technologies, and Flytrex Aviation Limited, among others.
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The global market is further segmented into type and application:
Application Outlook (Revenue, USD Billion; 2019-2030)
- Filming Photography
- Inspection Maintenance
- Mapping Surveying
- Precision Agriculture
- Surveillance Monitoring
- Others
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Fixed Wing
- Rotary Blade
- Hybrid
- Others
Operation Outlook (Revenue, USD Billion; 2019-2030)
- Autonomous
- Semi-autonomous
- Remotely Operated
Industry Vertical Outlook (Revenue, USD Billion; 2019-2030)
- Agriculture
- Delivery Logistics
- Media Entertainment
- Energy
- Construction Real Estate
- Security Law Enforcement
- Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further key findings from the report suggest
- By product type, rotary blade drones dominated the market in 2019. The main benefit of rotary commercial drones is the capability for vertical takeoff and landing, enabling the user to operate within a smaller surrounding area. Their ability to hover and perform agile maneuvering makes rotary-wing drones appropriate to applications such as inspections where accuracy maneuvering and the ability to uphold a visual on a single target for prolonged periods of time is required.
- By mode of operation, autonomous commercial drones are likely to witness the fastest growth rate in the period 2020-2027
- By application, filming photography contributed to the largest market share of over 25.0% in 2019. The advantage of using commercial drones for filming photography is that it enables to take images from a higher perspective. The majority of drones, predominantly the ones made for advanced users, have built-in cameras that have the ability to rotate and swivel to let the operator to capture photos and videos from varied angles.
- By industry vertical, construction and real estate is projected to grow at a rate of 51.7% in the forecast period. Drones can fly in unreachable and hazardous areas and gather data easily, while providing real-time information, resulting in significant enhancement in surveying precision.
- The market in the Asia Pacific region is likely to grow at the fastest rate of 54.1% in the forecast period, attributed to heavy investments made by the Indian and Chinese companies into drone delivery technology, as well as growth of the end-user industries.
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Overall, the use of drones in various industries is driving the growth of the commercial drone market, and this trend is expected to continue as more industries discover the benefits of using drones in their operations.
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