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Commercial Drones Market- Analysis, Trends, Opportunity & Forecast, 2027

Global Commercial Drones Market Size By Type (Fixed-Wing, Rotary Blade, Hybrid), By Application (Inspection & Maintenance, Filming & Photography, Mapping & Surveying, Surveillance & Monitoring, Precision Agriculture, Others), By End User (Energy, Security & Law Enforcement, Media & Entertainment, Agriculture, Real Estate & Construction, Delivery & Logistics, Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Analysis, Trends, Competitive Analysis, Forecast & Opportunities, 2020-2027

Market Overview

Global Commercial Drones Market is expected to grow over a CAGR 35% during the forecast period, 2020-2027 and it is projected that the market will reach over $ 12 Billion by 2027. Commercial drone refers to Unmanned Aerial Vehicle (UAV) used for commercial purpose. It is a flying robot that can be remotely controlled or it can operate autonomously through software control. It is equipped with cameras, sensors, GPS, etc. Drones are in existence since1980s and it was highly used in the military at that time. Now the drones have become more popular among young people. Drone flying has become a hobby as many use them for photography and entertainment purpose. With increasing smartphone and internet users, Drones have expanded into many areas. It is being used to monitor survey and even deliver products door to door. 

The ability of the drones to perform hazardous tasks such as inspecting places where humans cannot access with high precision is the major factor driving the market. Moreover, drones are a cost-effective solution compared to conventional methods. 

The emergence of Commercial drones has raised issues like safety, privacy and security concerns. Drones flying close to aircraft have become a concern and have sparked regulation issues. The governments around the world are reformulating the aviation policy with the introduction of commercial drones.

Market Segmentation

Global Commercial Drones Market can be segmented into Type, Application, End-User, and Region

By Type, the Commercial Drones market can be categorized into Fixed-Wing, Rotary Blade, Hybrid. Rotary blades segment dominates the market due to its multi-direction flying capacity.

By Application, the Commercial Drones market can be divided into Inspection & Maintenance, Filming & Photography, Mapping & Surveying, Surveillance & Monitoring, Precision Agriculture, Others. The filming & Photography segment is dominating with its large market share and it is expected to lead the market during the forecasted period 2020-27. Drones are increasingly used for filming movies, events and entertainment purpose is said to induce the growth of the market. Inspection& maintenance and Precision agriculture are expected to grow significantly during the forecasted period of 2020-27. 

By End User, the Commercial Drones market can be divided into Energy, Security & Law Enforcement, Media & Entertainment, Agriculture, Real Estate & Construction, Delivery & Logistics, Others. The agriculture segment is dominating with its largest market share. Drones are increasingly used for crop management to increase yields. The construction segment is likely to grow significantly in the forecasted period of 2020-27. Drones help to monitor site project status and also offer low-cost inspection solutions to assist with the construction work. 

By Region, Global Commercial Drones market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Regional Analysis

Regionally, the North American Commercial drone market is dominating with its large market share. It is expected to lead the market in the forecasted period of 2020-27. Due to increasing demand for drones for varied uses in this region has created the growth of this market. In the US, Drones are deployed in unprecedented numbers for various business processes and moving far beyond photography. It is being used to gather data, mapping and even for tracking criminals. 

Asia-Pacific’s Commercial drone market is expected to grow highest in the forecasted period of 2020-22. As several countries in the region have introduced regulation for flying drones, it is likely to propel growth. Various governments have recognized the importance of drones and are highly implementing it in law and enforcement. Moreover, increasing investments by major players in this region is expected to create demand for commercial drones.     

Competitor Analysis

The key players in the commercial drone market are DJI, 3D Robotics Yuneec International, AeroVironment Inc., INSITU, Delair, EHANG, Parrot SA, Terra Drone Corporation, Johnnette Technologies, Edall System.

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