What is Smart Commercial Drones Market?
Smart commercial drones are the autonomous aerial machines with abilities to perform tasts without a human interference across different applications. The global smart commercial drones market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising demand from different sectors such as agriculture, industrial operations, construction, law enforcement and increasing demand for automated monitoring of difficcult monitoring operations in order to increase the operational efficiency of tasks are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
Highlights from Smart Commercial Drones Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | DJI (China), Yuneec (China), UVify (United States), Hubsan (China), Parrot Drone SAS (France), Autel Robotics (United States), Spin Master (Canada), Walkera (United States), 3D Robotics (United States), Yamaha Corporation (Japan), Zero Tech (China), AeroVironment (United States), Intel Germany GmbH (Germany), Draganfly (Canada) and XAG Co., Ltd. (China) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States, China Manufacturers will contribute to the maximum growth of Global Smart Commercial Drones market throughout the forecasted period.
DJI (China), Yuneec (China), UVify (United States), Hubsan (China), Parrot Drone SAS (France), Autel Robotics (United States), Spin Master (Canada), Walkera (United States), 3D Robotics (United States), Yamaha Corporation (Japan), Zero Tech (China), AeroVironment (United States), Intel Germany GmbH (Germany), Draganfly (Canada) and XAG Co., Ltd. (China) are some of the key players profiled in the study. Smart Commercial Drones Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Delivery Drones, Agriculture Monitoring, Industrial, Law Enforcement, Disaster Management, Entertainment, Media, and Mapping and Others |
Type | Fixed Wing, Rotary Blade and Hybrid |
End Use | Media & Entertainment,Oil & Gas,Food Service,Agriculture,Law Enforcement,Rescue & Security,Others |
Sales Channel | Online,Offline |
On the basis of geography, the market of Smart Commercial Drones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Automation Across Different Industries
Market Growth Drivers:
Rising Demand for Autonomous Vehicles Across Different Applications and Increasing Demand for Monitoring Industrial Operations
Challenges:
Reduced Operations Across Different Industries Owing to COVID-19 Pandemic has Impacted the Demand for Smart Commercial Drones in the FY 2020
Restraints:
High Cost of Drones
Opportunities:
Industry 4.0 is Expected to Generate Huge Opportunities for Market Vendors During the Forecast Period
Market Leaders & Development Strategies
In March 2023, Ondas Holdings Inc., a leading provider of private industrial radio networks and commercial drone and automated data solutions, acquired the assets of Iron Drone Ltd., an Israel-based company specializing in the development of autonomous drone countermeasure systems. Ondas has integrated the Iron Drone's anti-drone technology within its division, Ondas Autonomous Systems. With the Optimus System, Ondas is providing government-grade drone solutions for security and critical infrastructure protection and monitoring, especially when deployed in homeland security applications to protect critical assets in complex commercial environments.
In June 2023, Workhorse Group Inc. launched its first commercial drone purchase orders for HorseFly. The Company received purchase orders for two commercial drones, including one from Valqari, a Chicago-based smart mailbox company with international exposure that works with companies, governments, and other organizations to shape the future of drone delivery.
Stringent Government Regulations Regarding Shutting Down of Operations Across Different Industries Worldwide Due to the COVID-19 Pandemic is Impacting the Demand for Commercial Drones and Stringent Government Regulations Regarding Usage of Drones Across Different Countries
Analyst Comment
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the global smart commercial drones market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.