Press Release
Press Release
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
According to a new report by EMR titled, ‘Global Commercial Drone Market Report and Forecast 2021-2026’, the global commercial drone market size was around USD 10.2 billion in 2020. The commercial drone industry is further expected to grow at a CAGR of 57% globally over the forecast period of 2021-2026.
The global commercial drone market is being driven by the rising demand for unmanned aerial vehicles that can be used for various applications like deliveries, security, and surveillance, agriculture, etc. Unmanned aircraft systems are experiencing a healthy growth in the United States and around the world. According to FAA (Federal Aviation Administration), the commercial drone market value could triple in size between 2020 and 2023. While North America is the largest market for the product, the Asia Pacific region is expected to be the emerging market for the product over the forecast period.
The thriving e-commerce sector is leading to a rise in the trend of online delivery services. Thus, to fulfill the growing demand for online and timely deliveries, the courier and product delivery service giants such as Amazon.com, Inc. (NASDAQ: AMZN) and DHL are adopting drones to enhance their services. Such players are investing and making collaborations with other firms for implementing drones in the delivery of goods and services. Further, drones are also being adopted for entertainment purposes. In February 2020, Intel Corporation (NASDAQ: INTC), a leading player in the industry, collaborated with the NFL to create the first-ever live drone light show during Pepsi Super Bowl LIII Halftime Performance by deploying 150 Custom Intel Drones, illuminating the stadium, while, the installed Intel True View in 13 NFL stadiums, including Super Bowl LIII host Mercedes-Benz Stadium enabled immersive highlights of the game and enhanced the experience of the audience and fans. Such developments are expected to aid the growth of the commercial drone market globally over the forecast period.
Market Breakup by Types, Mode of Operation, Application, Services, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global commercial drone market are Aeronavics Ltd., Draganfly Innovations Inc., Aeryon Labs Inc. Aero, AeroVironment, Inc., Ehang UAVs, Intel Corporation, Parrot Drones SAS, and PrecisionHawk, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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