Commercial Drone Market Recent Development And Forecast, 202...| MENAFN.COM

Tuesday, 27 September 2022 11:33 GMT

Commercial Drone Market Recent Development And Forecast, 20222027


(MENAFN- Ameliorate Digital Consultancy)

Global commercial drone market revenue is anticipated to exceed USD 55 billion by 2027, with global shipments crossing 16 million units. The rising adoption of drone technology in multiple industrial verticals including agriculture, mining, and construction is expected to significantly contribute to the market growth.

The growing adoption of fixed wing drones is growing significantly owing to their simple structure. A simple structure ensures that the drone is more efficient in aerodynamics, offering the benefit of long flight durations at high speeds, which is expected to support the commercial drone market growth.

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The semi-autonomous segment revenue is anticipated to grow at a CAGR of above 10% from 2021 to 2027. Semi-autonomous drones are becoming a popular choice of deployment for drone operation than the remotely controlled operation, owing to the independence of the drone technology in executing a successful flight. In addition, semi-autonomous flight mode reduces the dependence of human operators and allows for the expansion of in-use drone technology as compared to remotely operated drones.

The remote sensing & mapping segment is expected to witness significant market growth from 2021 to 2027. Through the utilization of remote sensing & mapping, vegetation can be monitored for agricultural applications to nurture farms. Drones provide appropriate information for crop damage assessments, enabling farmers in making appropriate decisions for effective crop management.

Europe is projected to grow exponentially in the global commercial drone market with above 10% market share over the forecast timeline. Growth is attributed to the EU's capability and decision making in unleashing advanced technology for experimenting and testing the potential uses of commercial drones. Several regional enterprises are focusing on the development of innovative drone technologies through strategic partnerships.

Some major findings of the commercial drone market report include:

  • The growing need for precision technology across the agricultural sector to provide more meaningful insights to farmers and agricultural practitioners to accurately plan and manage their farm operations
  • Growing technology investments and rising digitization across multiple business sectors is anticipated to support the market growth over the forecast period
  • Europe is expected to ease out the rules and regulations of enterprise drones and showcase a flexible approach in capitalizing the drone technology to its optimum
  • Major players operating in the commercial drone market are Airobotics Ltd, BAE Systems, Cyberhawk, Delair, DJI, and DroneDeploy
  • Companies operating in the market are focusing to improve efficiency in aerodynamics, offering the benefit of long flight durations at high speeds

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Partial Chapter of the Table of Content

Chapter 5 Commercial Drone Market, By Type (Revenue and Shipments)

5.1 Commercial drone revenue market share, by type, 2020 & 2027

5.2 Fixed wing drone

5.2.1 Market estimates and forecast, 2016 – 2027

5.3 Rotary blade drone

5.3.1 Market estimates and forecast, 2016 – 2027

5.4 Hybrid drone

5.4.1 Market estimates and forecast, 2016 – 2027

Chapter 6 Commercial Drone Market, By Mode of Operation (Revenue and Shipments)

6.1 Commercial drone revenue market share, by mode of operation, 2020 & 2027

6.2 Remotely operated drone

6.2.1 Market estimates and forecast, 2016 – 2027

6.3 Semi-autonomous

6.3.1 Market estimates and forecast, 2016 – 2027

6.4 Autonomous

6.4.1 Market estimates and forecast, 2016 – 2027

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