Global Commercial Drone Market size is expected to reach USD
2.07 billion by 2022, according to a new report by Grand View Research,
Inc. Increased utility in law enforcement and agricultural applications is
expected to play a pivotal role in market growth over the forecast period.
Having made their presence felt in the military sector, these Unmanned Aerial
Vehicles (UAVs) have gradually gained prominence in the commercial sector and
are foreseen to surpass the growth observed in the former.
Prominent retailers and e-commerce players have experimented
the use of drones to deliver packages to consumers in a much shorter duration
as compared to the traditional delivery media. The use of drones for retail is
pending government approval, particularly in the U.S. Once regulatory clearance
is obtained, drones are expected to revolutionize the retail sector.
Full Research Report on Global Commercial Drone Market:
http://www.grandviewresearch.com/industry-analysis/global-commercial-drones-market
http://www.grandviewresearch.com/industry-analysis/global-commercial-drones-market
Further key findings from the study suggest:
- Government
applications which include law enforcement, infrastructure, and research
& development contributed to over 40% of the market revenue in 2014.
Commercial drones have garnered importance in search and rescue missions,
scientific research, and mapping. Agriculture is expected to emerge as a
lucrative application sector over the forecast period. These UAVs aid
farmers by taking snapshots of a vast array of fields and providing
crucial data pertaining to soil and crops, thereby assisting in crop
management. Use of UAVs in retail is expected to transform the industry
dynamics and is foreseen to positively shape market growth.
- Rotary
blade drone accounted for over 75% of the market share in 2014. Its
popularity can be attributed to the fact that it is capable of flying in
every direction as well as hovering in a fixed position, which its fixed
wing counterparts cannot achieve. Fixed wing drone is more suited for
aerial mapping, undertaking topographic surveys, and terrain modeling of
larger areas which include stockpiles & mine sites.
- North
America contributed to over 55% of the global revenue in 2014, which can
be attributed to high production and increased use in law enforcement and
agricultural activities. The regulatory scenario is Europe is more
conducive to market growth as opposed to the U.S., which is expected to
play a pivotal role in high penetration of commercial drones in Europe.
Asia Pacific stands to witness high proliferation of commercial UAVs over
the forecast period. Countries such as Japan and Australia have emphasized
on the use of UAVs in agriculture.
- Key
market participants include Parrot SA, The Boeing Company, Textron Inc.,
Northrop Grumman, Lockheed Martin Corporation, Israel Aerospace
Industries, General Atomics, Elbit Systems Ltd., DJI, BAE Systems PLC, and
AeroVironment Inc. Strategic alliances with government agencies and
collaborations with prominent technology providers are some of the
strategic steps taken by market players to gain a foothold in the
industry.
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
For the purpose of
this study, Grand View Research has segmented the Global Commercial Drone
Market on the basis of product, application, and region:
Commercial Drone Product Outlook (Revenue, USD Million,
2012 - 2022)
- Fixed
wing
- Rotary
blade
- Nano
- Hybrid
Commercial Drone Application Outlook (Revenue, USD
Million, 2012 - 2022)
- Agriculture
- Energy
- Government
- Media
& Entertainment
- Others
Commercial Drone Regional Outlook (Revenue, USD Million
2012 - 2022)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- MEA
Access Press Release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/commercial-drone-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com