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Global Commercial Drones Markets Report 2021: Market to Reach $18.2 Billion by 2027 - Beyond Line of Sight Drone Operations to Stir Future Growth

·3-min read

Dublin, Sept. 03, 2021 (GLOBE NEWSWIRE) -- The "Commercial Drones - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Commercial Drones Market to Reach $18.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Commercial Drones estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$18.2 Billion by 2027, growing at a CAGR of 20.5% over the period 2020-2027.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 20.1% CAGR

The Commercial Drones market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 20.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 17.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Commercial Drones - An Expanding Market

  • Outlook

  • A Walk Through the Transition from Military to Commercial and Civilian Applications

  • Recent Market Activity

  • Beyond Line of Sight Drone Operations to Stir Future Growth

  • Use Cases of Commercial Drones Continue to Expand

  • Technology Advancements Critical for Commercial Drones Market

  • Rotary Blade UAVs to Lead Commercial Drones Market

  • Challenges Confronting Commercial Drones Market

  • Lack of Regulatory Framework Hampers Adoption of Drones in Commercial Sector

  • Drone Use Raises Concerns over Damage to Property & People

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS (Total 154 Featured)

  • AeroVironment, Inc. (USA)

  • Agribotix, LLC (USA)

  • Cyberhawk Innovations Ltd. (UK)

  • CyPhy Works, Inc. (USA)

  • Draganfly Innovations Inc. (Canada)

  • DroneDeploy (USA)

  • Drone Aviation Holding Corporation (USA)

  • EHang, Inc. (China)

  • Intel Corporation (USA)

  • Lockheed Martin Corporation (USA)

  • Parrot SA (France)

  • senseFly Ltd. (Switzerland)

  • PrecisionHawk (USA)

  • Prioria Robotics, Inc. (USA)

  • Sharper Shape Ltd. (Finland)

  • Skycatch, Inc. (USA)

  • SZ DJI Technology Co., Ltd. (China)

  • XAIRCRAFT Technology Co., Ltd. (China)

  • Yuneec International Co., Ltd. (China)

3. MARKET TRENDS & DRIVERS

  • Artificial Intelligence to Drive Future Growth

  • Automation - A Significant Area of Development

  • Use of Drones in Gathering Data Drives Adoption in the Enterprise Sector

  • Internet of Things (IoT) to Fuel Commercial Use of Drones

  • Companies Focus on Battery Technologies for Extended Flight Times

  • UAV Technology to Enable Creation of Customized 3D Maps

  • 3D Mapping to Optimize Vehicular Movement at Construction Sites

  • Drone-as-a-Service Takes Flight

  • Drone Rental Centers - A Growing Concept

  • Photography Drones - Smart Capabilities Spur Adoption

  • Falling Cost of Materials Bodes Well for the Adoption of Commercial Drones

  • Advancing Smartphone Tech Facilitates Adoption of Drones in Commercial Applications

  • Testing: An Essential Requirement for Commercialization of Drones

  • Open Source Development Efforts to Reduce Penetration of Proprietary Drone Designs

4. GLOBAL MARKET PERSPECTIVE

  • World Current & Future Analysis for Commercial Drones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

  • World 7-Year Perspective for Commercial Drones by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/nhxc4x

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


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