What is Commercial Drones?
The adoption of commercial drones is increasing at a significant rate across the world, mainly due to the growing demand for improved data along to facilitate better and more effective data insights. Several vendors in the commercial drones market are focusing on developing innovative commercial UAVs that can provide access to better data at an affordable cost. The growing use of artificial intelligence (AI) will be one of the key commercial drones market trends that will gain traction over the forecast period.
The market study is broken down by Type (Fixed Wing Drones, Rotary Bade Drones and Hybrid Drones Segment), by Application (Agriculture and Environment, Media and Entertainment, Energy, Government, Construction & Archaeology and Others) and major geographies with country level break-up. According to AMA, the Global Commercial Drones market is expected to see growth rate of 31.08% and may see market size of USD18.0 Billion by 2026.
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Commercial Drones market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AeroVironment (United States), SZ DJI Technology Co. Ltd. (China), Parrot SA (France), 3D Robotics (United States), Leptron Unmanned Aircraft Systems Inc. (United States), PrecisionHawk (United States), Yuneec International Co. Ltd. (Hong Kong), Aeryon Labs (Canada), Trimble Navigation Ltd. (United States) and Insitu (A Boeing Company) (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Commercial Drones market by Type, Application and Region.
On the basis of geography, the market of 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). If we see Market by Mode of Operation, the sub-segment i.e. Remotely Operated Commercial Drones will boost the Commercial Drones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by MTOW Type, the sub-segment i.e. <25 Kilograms will boost the Commercial Drones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In February 2019, AeroVironment, Inc., a global leader in unmanned aircraft systems for both defense and commercial applications, introduced the next generation of its Quantix VTOL hybrid drone and the AeroVironment Decision Support System (AV DSS) for precision agriculture. and In February 2019, Insitu Commercial Solutions (operating through Insitu Pacific Pty. Ltd.) recently conducted a series of aerial data collection operations in Papua New Guinea (PNG) after obtaining its first approval to undertake commercial Unmanned Air Systems (UAS) operations in the country.
The Federal Aviation Association (FAA) released Title 14 CFR Part 107 rules that apply towards commercial use of small unmanned aircraft systems (sUAS). This rule includes the option to apply for a certificate of waiver or authorization (COA) which allows sUAS operators to deviate from Part 107 rules if the FAA finds that the proposed operation is performed safely.
Market Trend
- Increasing Use of Commercial Drones By Defense Forces as Loitering Munition
- Technological Developments in the Field of Drone Payloads
Market Drivers
- Exemptions Made By the Federal Aviation Administration (FAA) to Allow the Use of Commercial Drones in Several Industries
- Increasing Preference for Modern Warfare Techniques By Defense Forces
Opportunities
- Increased Deployment of UAVs to Carry Out Aerial Remote Sensing
- Increased Defense Budgets of Emerging Economies
- Surging Adoption of Commercial Drones for Cargo Delivery in Military Operations
Restraints
- Lack of Proper Air Traffic Management for UAVs
- Lack of Skilled & Trained Personnel for Operating Commercial Drones
Challenges
- Restrictions Imposed on the Commercial Drones
- Issues With Safety and Security
Key Target Audience
Manufacturers of Commercial Drones, Component Manufacturers of Commercial Drones, System Integrators, Government and Certification Bodies, Software Providers and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.