Explosives And Pyrotechnics Market Report Covers Market Size, Company Market Share, Competitive Landscape, Growth Factors, Trends 2013-2024

Global Explosives Market is expected to reach USD 31.95 billion by 2024, according to a new report by Grand View Research, Inc. The global explosives and pyrotechnics market is expected to grow significantly over the forecast period on account of increasing use of the product in construction and mining activities.

Rising number of projects for infrastructure development in Asia Pacific is expected to drive the demand for explosives as a blasting agent. Increasing government spending for infrastructure development in Asia Pacific and the Middle East on account of increasing domestic output is expected to play a significant role in amplifying construction activities in these regions.

In 2013, Asia Pacific contributed to approximately 44% of the total global construction spending, an increase of 4% from the previous year. Also, the development of new construction and building projects in Asia is likely to boost market growth. The demand for explosives in the region is expected to be 14.93 million tons by 2024.

Full Research Report on Global Explosives And Pyrotechnics Market Analysis:
http://www.grandviewresearch.com/industry-analysis/explosives-pyrotechnics-market

Further key findings from the report suggest:

• Positive outlook towards the mining sector in Chile, and Peru, and owing to government policies to open opportunities for investments by foreign players, to improve the economic conditions, is expected to drive the demand for explosives subsequently. The segment is projected to witness volume growth at a CAGR of 4.9% over the forecast period.
• Coal mining was the largest application within the mining sector accounting for 49.8% of the volume in 2015. However, the outlook towards coal is likely to be bleak over the forecast period on account of increasing shifting trends of consumers towards alternative sources of energy including natural gas and renewable energy. However, metal mining is expected to witness tremendous growth on account of rising demand for metals including rare earth elements.
• Consumer pyrotechnics accounted for 36.2% of the global volume in 2015 and is expected to grow on account of increasing demand for recreational fireworks, model rocket motors, and powder-actuated nail guns.
• Key market players include Orica Mining Services, ENAEX, Maxam Corp., Sasol Limited, Austin Powder Company, AEL Mining Services, Chemring Group, Incitec Pivot, AECI Group, Pyro Company Fireworks, ePC Group, Alliant Techsystems, Titanobel SAS, Hanwha Corp., Solar Industries India, and LSB Industries.
• Companies are focusing on product innovation to cater to the growing demand for safe & effective explosives. For instance, in September 2016, Orica launched a new product, Vistis Bulk System, catering to the growing consumer demand in Australia.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments  

Grand View Research has segmented the Global Explosives And Pyrotechnics Market on the basis of product, application and region:

Global Explosives Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 - 2024)

• Blasting agents
• Propellants
• Pyrotechnics
• Others

Global Explosives Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 - 2024)

• Mining
• Construction
• Military
• Others

Global Pyrotechnics Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 - 2024)

• Proximate pyrotechnics
• Consumer pyrotechnics
• Display pyrotechnics
• Others

Global Explosives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Latin America
• Brazil
• Middle East & Africa (MEA)

Access Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-explosives-pyrotechnics-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

Excipients Market Is Anticipated To Growing At A CAGR Of 6.0% From 2014 To 2020

Global Excipients Market is anticipated to reach USD 5.22 billion by 2020, growing at a CAGR of 6.0% from 2014 to 2020, according to a new report by Grand View Research, Inc. Growing developments in the field of medicine formulation and rise in research in the field of dosage technology are expected to drive this industry through the forecast period. 

Introduction of novel technologies for utilization of generic drugs in the development of new formulations is expected to boost growth of this industry over the forecast period. Furthermore, increasing global geriatric population base is anticipated to significantly raise demand for pharmaceuticals as this segment of the population is prone to high risk of organ disorders and infections, thereby propelling market growth. 

Full Research Report on Global Excipients Market Analysis:
http://www.grandviewresearch.com/industry-analysis/excipients-market-analysis

Increasing demand for diverse excipients pertaining to interaction with active pharmaceutical ingredients and ongoing R&D for developing sustained and immediate drug delivery techniques for novel drugs is also expected to serve as high impact driver for the growth of this industry over the forecast period. 

Polymer segment dominated with respect to market share in 2014 with over 45% of global excipients revenue. Factors contributing towards high revenue share of this segment in 2014 include growing demand for major polymers such as lubricants, anti-adherents, fillers/diluents, binders, disintegrates, and coating materials in the pharmaceutical and cosmetic industries. 

Sugar segment is expected to register fast growth of about 7.0% over the forecast period owing to higher consumption rate of sugar in different drug formulations. Benefits associated with use of sugars as sweetening agents and disintegrants such as longer disintegration times, odourless formulations even on long storage, inert nature, and low expenses are expected to fuel growth of this segment through to 2022. 

Europe was observed to be the dominant region for excipients industry accounting for 32% of global revenue in 2014 owing to the presence of a large number of pharmaceutical manufacturers, high demand for medicine products as a consequence of rising geriatric population base in the western European countries. 

Asia Pacific region is expected to grow at lucrative rate and its revenue is estimated to reach over USD 1,500 million in 2020. Presence of low cost manufacturing options and high unmet medical needs in countries of this region are factors that are anticipated to attribute to growth of this industry in the given region through to 2020. 

Major players in this industry include P&G, Avantor Performance Materials, Inc., Huntsman Corporation, BASF, Eastman Chemical Company, Danisco A/S, Ashland Inc., Roquette, Colorcon, Inc., FMC Corporation, Evonik Industries, and Lubrizol Corporation. This industry is competitive in nature marked by high industry rivalry levels. Players are striving to gain competitive advantage by focusing on stringent regulations issued by regulatory bodies pertaining to safety of finished products. 

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the Global Excipients Market on the basis of product and region: 

Excipients Product Outlook

            • Polymers

                    • MCC (Microcrystalline Cellulose)

                    • HPMC (Hydroxypropyl Methyl Cellulose)

                    • Ethyl Cellulose

                    • Methyl Cellulose

                    • CMC (Carboxymethyl Cellulose)

                    • Croscarmellose Sodium

                    • Povidone

                    • Pregelatinized Starch

                    • Sodium Starch Glycolate

                    • Polyethylene Glycol

                    • Acrylic Polymers

            • Minerals

                    • Calcium Phosphate

                    • Calcium Carbonate

                    • Clay

                    • Silicon Dioxide

                    • Titanium Dioxide

                    • Others

            • Sugars and Others

                    • Lactose

                    • Sucrose

                    • Others

            • Alcohol

                    • Glycerin

                    • Propylene Glycol

                    • Sorbitol

                    • Mannitol

                    • Others

            • Gelatin

Excipients Regional Outlook

                    • North America

                    • Europe

                    • Asia Pacific

                    • RoW

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-excipients-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 visit us: www.grandviewresearch.com

Polybutadiene Market Is Anticipated To Growing At A CAGR Of 4.6% 2014-2025

Global Polybutadiene Market is expected to reach USD 5.83 billion by 2025, according to a new report by Grand View Research, Inc. The rising demand for synthetic rubber in automobile tire manufacture is expected to boost market growth for polybutadiene.

The high demand for polybutadiene can be attributed to properties such as abrasion resistance, high resilience and cut growth resistance. It is used in combination with other rubbers for the manufacture of tires, industrial products, and consumer products. Tire manufacturing is the major application segment in the market. Manufacturers are also exploring downstream potential as the price of polybutadiene in these applications is more stable.

The demand is high in Asia Pacific owing to the presence of a robust application industry. The presence of companies such as JSR Corporation and Reliance Industries Ltd. is driving market growth in this region.

Full Research Report on Global Polybutadiene Market Analysis:
http://www.grandviewresearch.com/industry-analysis/polybutadiene-market

Further key findings from the report suggest:

• High cis derivative is expected to be the fastest growing product segment registering a CAGR of 4.7% from 2017 to 2025 owing to increased demand from tire manufacturing industry
• Polymer modification application is projected to grow at a CAGR of 4.1% from 2017 to 2025 due to increased demand for modified polymers and golf balls
• North America accounted for 22.4% of the polybutadiene market in 2016 courtesy presence of major tire manufacturers including Goodyear, Cooper Tires and Pro-line
• The demand in Middle East & Africa is expected to witness below average growth rates on account of price volatility as a result of reduced crude oil production
• Manufacturers have now switched from nickel-butadiene rubber facility to neodymium-rubber facility due to increased demand for high cis derivatives used in the manufacture of high performance tires
• In 2014, Trinseo converted its Nickel Butadiene Rubber (Ni-BR) production facility in Schkopau, Germany, to Neodymium Butadiene Rubber (Nd-BR)

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the Global Polybutadiene Market on the basis of product, application, and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• High cis polybutadiene
• Low cis polybutadiene
• High trans polybutadiene
• High vinyl polybutadiene

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Tire Manufacturing
• Polymer Modification
• Industrial Rubber Manufacturing

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Middle East & Africa

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-polybutadiene-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 visit us: www.grandviewresearch.com

Deep Learning Market Is Projected to Growing At A CAGR Of 52.1% by 2014-2025

Global Deep Learning Market size is expected to reach USD 10.2 billion by 2025, according to a new report by Grand View Research, Inc. Considerable improvements in machine learning algorithms and advancements in deep learning chipsets are driving the industry growth.

Rapid improvements in fast information storage capacity, high computing power, and parallelization have contributed to the swift uptake of the deep learning technology in end-use industries such as automotive and healthcare. Further, the need for understanding and analyzing visual contents among enterprises in order to gain meaningful insights, is expected to provide traction to the industry over the forecast period.

The increasing prominence of Graphics Processing Unit (GPU)-accelerated applications is leading to increased adoption of the technology in scientific disciplines such as deep learning and data science. Organizations are utilizing deep learning neural networks to extract valuable insights from enormous amounts of data for providing innovative products and improving customer experience; thereby, increasing revenue opportunities.

The technology is expected to gain prominence among key players and researchers, owing to its use in improvising artificial intelligence capabilities in Natural Language Processing (NLP), image & speech recognition, and computer vision areas. Solution providers are resorting to partnerships and collaborations to enter the deep learning space. For instance, in January 2016, Movidius collaborated with Google, Inc. to enhance its deep learning capabilities on mobile devices. In September 2016, Intel Corporation announced the acquisition of Movidius for improvising its computer vision and deep learning solutions.

Full Research Report on Global Deep Learning Market Analysis:
http://www.grandviewresearch.com/industry-analysis/deep-learning-market

Further key findings from the report suggest:

• The hardware segment is expected to witness the fastest growth due to increased demand for high computing chipsets which are used to run deep learning algorithms
• The Field Programmable Gate Array (FPGA) segment is expected to witness considerable growth on account of its enhanced power efficiency and capability to bridge the GPU performance gap using multiple FPGAs
• The healthcare segment is anticipated to grow at a significant rate of over 55%, as the technology is outspreading the translational bioinformatics, medical imaging, and sensor-driven analysis
• The Asia Pacific deep learning market is expected to be the fastest-growing regional market due to increasing spending on artificial intelligence and cognitive computing technologies
• The key industry players include Intel Corporation, NVIDIA Corporation, IBM Corporation, and Microsoft Corporation

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the Global Deep Learning Market based on solutions, hardware, services, applications, end-uses, and regions:

Deep Learning Solution Outlook (Revenue, USD Million; 2014 - 2025)

• Hardware
• Software
• Service
• Installation services
• Integration services
• Maintenance & support services

Deep Learning Hardware Outlook (Revenue, USD Million; 2014 - 2025)

• Central Processing Unit (CPU)
• Graphics Processing Unit (GPU)
• Field Programmable Gate Array (FPGA)
• Application-Specific Integrated Circuit (ASIC)

Deep Learning Application Outlook (Revenue, USD Million; 2014 - 2025)

• Image recognition
• Voice recognition
• Video surveillance & diagnostics
• Data mining

Deep Learning End-use Outlook (Revenue, USD Million; 2014 - 2025)

• Automotive
• Aerospace & defense
• Healthcare
• Manufacturing
• Others

Deep Learning Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East and Africa

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-deep-learning-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 visit us: www.grandviewresearch.com

Application Security Market Is Anticipated To Growing at a CAGR of 17.7% by 2025

Global Application Security Market is expected to reach USD 10.7 billion by 2025, according to a new report by Grand View Research, Inc. Increasing targeted attacks on the applications is anticipated to be a major factor that is expected to drive market growth. In addition, BYOD adoption in the organizations that are deploying application security services and solutions to protect against potential threats has contributed to the market demand.

DAST (Dynamic Application Security Testing) is expected to significantly contribute to the market revenue, with a market size of over USD 4 billion by 2025. It delivers various advantages that include comprehensive vulnerability coverage, false positive reduction, entire code coverage that comprises the frameworks and libraries, and zero process disruption.

Web application solution was the largest application security market in 2015 valued at USD 1.75 billion and is expected to observe declining growth over the forecast period. Mobile application solution market is expected to grow at a CAGR of 25.9% from 2016 to 2025.

Government agencies hold, access, and manage large amounts of sensitive data. The government and defense vertical, currently is susceptible to major cyber-attacks and security breaches. According to Veracode report, three out four application used by government agencies does not meet basic security compliances thereby by creating high opportunity for market vendors. The market for government and defense segment is expected to grow at a CAGR of 18.3% between 2016 to 2025. The market is also anticipated to witness a substantial growth in the BFSI vertical, IT and telecom and healthcare over the forecast period.

Full Research Report on Global Application Security Market Analysis:
http://www.grandviewresearch.com/industry-analysis/application-security-market

Further key findings from the report suggest:

• The application security market accounted for USD 2.05 billion and is expected to grow at a CAGR of 17.7% from 2016 to 2025
• Web application security emerged as the largest segment in 2015 and is expected to leverage machine learning to catalyze growth opportunities
• The application security market size in large enterprises was value USD 1.25 billion in 2015 and is anticipated to witness substantial growth over the next nine years
• The U.S. managed services market was valued as USD 478.5 million in 2015 and is expected to gain traction owing to strong compliance requirements
• The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to various developments, especially in the mobile application security market. The regional market is expected to grow at a CAGR of 24.9% from 2016 to 2025
• Key players including IBM, Hewlett Packard Enterprise, Qualys Inc., Veracode and WhiteHat Security dominated the market while accounting 50% share of the total market in 2015

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/network-security-software-and-services

Grand View Research has segmented the Global Application Security Market on the basis of solution, services, testing, deployment, organization size, end-use and region:

Application Security Solution Outlook (Revenue, USD Million, 2014 - 2025)

• Web application security
• Mobile application security

Application Security Services Outlook (Revenue, USD Million, 2014 - 2025)

• Managed
• Professional

Application Security Testing type Outlook (Revenue, USD Million, 2014 - 2025)

• Static Application Security Testing (SAST)
• Dynamic Application Security Testing (DAST)
• Interactive Application Security Testing (IAST)
• Runtime Application Self-Protection (RASP)

Application Security Deployment Outlook (Revenue, USD Million, 2014 - 2025)

• Cloud
• On-premise

Application Security Organization size Outlook (Revenue, USD Million, 2014 - 2025)

• Small and medium enterprise
• Large enterprise

Application Security End-Use Outlook (Revenue, USD Million, 2014 - 2025)

• BFSI
• Government and defense
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

Application Security Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of APAC
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa 

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-application-security-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 visit us: www.grandviewresearch.com

Commercial Flooring Market Is Expected To Expanding At A CAGR Of 6.0% From 2017 To 2025

Global Commercial Flooring Market is expected to reach approximately USD 47.69 billion by 2025, according to a new report conducted by Grand View Research, Inc. Increasing number of corporate offices in emerging economies including China, India, and Mexico on account of regulatory inclination to promote the manufacturing output on a domestic level is expected to remain a key driving factor over the next eight years.

Furthermore, rising government spending towards improving education infrastructure through implementation of new schemes including Padhe Bharat Badhe Bharat and Utkarsh Bangla Scheme is expected to have a strong impact. These factors are considered to influence the consumption of construction materials including floor coverings in education sector and hence boost their market growth.

Education segment is expected to foresee volume growth at a CAGR of 5.9% from 2017 to 2025. Growing importance of modular tiles in education spaces for providing moisture resistance and excellent dust control characteristics is projected to have a positive impact on industry. In addition, high market visibility of carpets in developing countries including China and India on account of the presence of large number soft covering manufacturers on a domestic level is projected to have a positive impact.

Full Research Report on Global Commercial Flooring Market:
http://www.grandviewresearch.com/industry-analysis/commercial-flooring-market

Further key findings from the report suggest:

• The global commercial flooring market was 4,680.0 million square meters in 2016 and is expected to reach 7,903.4 million square meters by the end of 2025, expanding at a CAGR of 6.0% from 2017 to 2025.
• Wood & laminates are expected to foresee revenue growth at a CAGR of 7.0% from 2017 to 2025. Engineered wood, alternately called as composite wood consist of a number of wood products manufactured by binding particles, fibers, veneers, and strands of wood, which are joined with adhesives to form composite materials. These products are modeled to supreme design requirements as per the specifications of end user or client and are tested to meet international and national standards
• Asia Pacific is projected to foresee volume growth at a CAGR of 6.9% from 2017 to 2025. Regulatory support aimed at promoting investments in manufacturing sectors of China and India is expected to increase the number of commercial spaces and thus likely to fuel the demand for floor covering in the near future.
• Key commercial flooring manufacturers include Mannington Mills, Tarkett, Flowcrete, James Halstead, Nora, Milliken Floor Covering, Novalis, Tajima, Tkflor, NOX Corporation, and Toli flooring. Product innovation through introduction of new designs is expected to remain a key critical success factors for floor covering vendors.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the Global Commercial Flooring Market on the basis of product, application, and region:

Commercial Flooring Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

• Soft Coverings

·         Soft covering market by application

§  Healthcare

§  Education

§  Leisure & Hospitality

§  Retail

§  Commercial Buildings

§  Public Buildings

·         Resilient Flooring

·         Resilient flooring market by application

§  Healthcare

§  Education

§  Leisure & Hospitality

§  Retail

§  Commercial Buildings

§  Public Buildings

·         Non-resilient Flooring

·         Non-resilient flooring market by application

§  Healthcare

§  Education

§  Leisure & Hospitality

§  Retail

§  Commercial Buildings

§  Public Buildings

·         Seamless Flooring

·         Seamless flooring market by application

§  Healthcare

§  Education

§  Leisure & Hospitality

§  Retail

§  Commercial Buildings

§  Public Buildings

·         Wood & Laminates

·         Wood & laminates flooring market by application

§  Healthcare

§  Education

§  Leisure & Hospitality

§  Retail

§  Commercial Buildings

§  Public Buildings

Commercial Flooring Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

·         Healthcare

·         Education

·         Leisure & Hospitality

·         Retail

·         Commercial Buildings

·         Public Buildings

Commercial Flooring Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Ireland
• Belgium
• Turkey
• Asia Pacific
• China
• India
• Hong Kong
• Singapore
• Japan
• Central & South America
• Middle East & Africa (MEA)

Access Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/commercial-flooring-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

Commercial Drone Market Is Expected To Grow At A CAGR Of 16.9% Over The Forecast Period 2012-2022

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

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