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

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

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