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Global Commercial Drones Market: By Product Type: Fixed Wing, Rotary Blade, Hybrid; By Application: Filming and Photography, Inspection and Maintenance, Others; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Commercial Drones Market Outlook

The global commercial drones market attained a value of about USD 13.44 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 47% to reach nearly USD 135.6 billion by 2026.

 

Global Commercial Drone Market

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Extensive Use of Commercial Drones Amidst the COVID-19 Crisis Aiding the Market Growth

The demand for commercial drones significantly escalated during the COVID-19 outbreak in 2020 as various governments employed them for the surveillance and supervision of dense areas during nationwide lockdowns, which has aided the market growth. Moreover, commercial drones were increasingly deployed for the delivery of essentials, such as medical supplies, owing to social distancing and stay-at-home orders amidst the surge of the COVID-19 pandemic, which has augmented the market growth. Commercial drones are also being employed to deliver critical COVID-19 vaccinations in various countries. For instance, the government of Ghana partnered with Zipline to deliver COVID-19 vaccines in various rural facilities by drones. Such developments are positively impacting the market growth.

 

Increasing Demand for Drones in Precision Agriculture Bolstering the Growth of the Commercial Drones Industry

The rising trend of precision agriculture, which utilises various technologies to increase the yield, is propelling the market growth. Drones are extensively used in several agricultural applications, such as crop analysis and pesticide spraying, which is augmenting the industry growth. Moreover, the integration of various imaging technologies, such as multispectral, hyperspectral, and thermal, among others, with droning technologies to provide insights into crop health, growth bottlenecks, and fungal infections, among others, is invigorating the growth of the commercial drones industry. In addition, the increasing automation and accurate global positioning system (GPS) to modernise soil analysis and crop health monitoring are surging the demand for commercial drones, which is bolstering the market growth.

 

Global Commercial Drone Market By Technology

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Commercial Drones: Industry Definition and Segmentation

Commercial drones, variously known as unmanned aerial vehicles, are aircraft that function without human intervention and are used in various industries to enhance the safety and efficiency of operations. Commercial drones primarily aid in monitoring and delivery in various industries, due to which they are increasingly being deployed.

The major product types of commercial drones are:

  • Fixed Wing
  • Rotary Blade
  • Hybrid

The market can be broadly categorised on the basis of its applications segments into:

  • Filming and Photography
  • Inspection and Maintenance
  • Mapping and Surveying
  • Precision Agriculture
  • Surveillance and Monitoring
  • Others

Based on end use, the market is divided into:

  • Agriculture
  • Delivery and Logistics
  • Energy
  • Media and Entertainment
  • Real Estate and Construction
  • Security and Law Enforcement
  • Others

The EMR report looks into the regional markets of commercial drones like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Demand for Drones in the Construction Industry to Bolster the Growth of the Commercial Drones Industry

The rising demand for commercial drones in various applications, such as surveillance, construction, and agriculture, among others, is propelling the market growth. As drones aid in efficient data collection, they are increasingly employed in the construction industry, which is fuelling the market growth. The development of drones that comply with the regulatory safety standards to prevent accidents is providing further impetus to the market growth. Moreover, increasing awareness regarding the significance of skilled professionals to fly the drones at job sites is invigorating the market growth. The growing demand for sophisticated and reliable designs is also surging the deployment of commercial drones.

The potential of drones to be employed in the entertainment and healthcare industries is projected to fuel the market growth in the coming years. Moreover, advancements in imaging technologies are further projected to increase the demand for commercial drones in various high-end applications, which is estimated to bolster the industry growth. The integration of the latest technologies, such as artificial intelligence (AI) and machine learning (ML), in drones to automate numerous operations and collect and implement visual data while enhancing safety and efficiency is expected to strengthen the industry growth. Moreover, the trend of smart mobility of drones to increase their commercial accessibility is anticipated to augment the growth of the commercial drones industry in upcoming years.

 

Global Commercial Drone Market By Region

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Key Industry Players in the Global Commercial Drones Market

The report presents a detailed analysis of the following key players in the global commercial drones market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Aeronavics Ltd.
  • AeroVironment, Inc.
  • Autel Robotics
  • SZ DJI Technology Co., Ltd.
  • Draganfly Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Application, End Use, Region
Breakup by Product Type Fixed Wing, Rotary Blade, Hybrid
Breakup by Application Filming and Photography, Inspection and Maintenance, Mapping and Surveying, Precision Agriculture, Surveillance and Monitoring, Others
Breakup by End Use Agriculture, Delivery and Logistics, Energy, Media and Entertainment, Real Estate and Construction, Security and Law Enforcement, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Aeronavics Ltd., AeroVironment, Inc., Autel Robotics, SZ DJI Technology Co., Ltd., Draganfly Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Commercial Drones Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Commercial Drones Historical Market (2016-2020) 
    8.3    Global Commercial Drones Market Forecast (2021-2026)
    8.4    Global Commercial Drones Market by Product Type
        8.4.1    Fixed Wing
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Rotary Blade
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Hybrid
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Commercial Drones Market by Application 
        8.5.1    Filming and Photography
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Inspection and Maintenance
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Mapping and Surveying
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Precision Agriculture
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Surveillance and Monitoring
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Others
    8.6    Global Commercial Drones Market by End Use 
        8.6.1    Agriculture
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Delivery and Logistics
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Energy
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Media and Entertainment
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Real Estate and Construction
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Security and Law Enforcement
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2016-2020)
            8.6.6.3    Forecast Trend (2021-2026)
        8.6.7    Others
    8.7    Global Commercial Drones Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Aeronavics Ltd.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    AeroVironment, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Autel Robotics
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    SZ DJI Technology Co., Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Draganfly Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry News and Developments

 

List of Figures and Tables

1.    Global Commercial Drones Market: Key Industry Highlights, 2016 and 2026
2.    Global Commercial Drones Historical Market: Breakup by Product Type (USD Billion), 2016-2020
3.    Global Commercial Drones Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
4.    Global Commercial Drones Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Commercial Drones Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Commercial Drones Historical Market: Breakup by End Use (USD Billion), 2016-2020
7.    Global Commercial Drones Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    Global Commercial Drones Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Commercial Drones Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Commercial Drones Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Commercial Drones Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Commercial Drones Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Commercial Drones Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Commercial Drones Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Commercial Drones Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Commercial Drones Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Commercial Drones Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Commercial Drones Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Commercial Drones Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Commercial Drones Market Structure

Key Questions Answered in the Report

In 2020, the global commercial drones market attained a value of nearly USD 13.44 billion.

The market is projected to grow at a CAGR of 47% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 135.6 billion by 2026.

The market is being driven by the rising demand for drones for surveillance and delivery during the COVID-19 pandemic and the growing use of drones in precision agriculture.

The industry is expected to be aided by the rising demand for commercial drones in the construction industry, advancements in imaging technologies, and the integration of artificial intelligence (AI) and machine learning (ML) in drone technology.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major product types of commercial drones in the industry are fixed wing, rotary blade, and hybrid.

The significant application segments of commercial drones in the market are filming and photography, inspection and maintenance, mapping and surveying, precision agriculture, and surveillance and monitoring, among others.

The leading end uses of commercial drones are agriculture, delivery and logistics, energy, media and entertainment, real estate and construction, and security and law enforcement, among others.

The major players in the industry are Aeronavics Ltd., AeroVironment, Inc., Autel Robotics, SZ DJI Technology Co., Ltd., and Draganfly Inc., among others.

Analyst Review

The global commercial drones market attained a value of nearly USD 13.44 billion in 2020, driven by the growing use of drones in precision agriculture. Aided by the rising demand for commercial drones in the construction industry, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 47%. The market is projected to reach about USD 135.6 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the commercial drones industry can be segmented into fixed wing, rotary blade, and hybrid. On the basis of application, the industry is divided into filming and photography, inspection and maintenance, mapping and surveying, precision agriculture, and surveillance and monitoring, among others. By end use, the market is categorised into agriculture, delivery and logistics, energy, media and entertainment, real estate and construction, and security and law enforcement, among others. The major regional markets for commercial drones are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Aeronavics Ltd., AeroVironment, Inc., Autel Robotics, SZ DJI Technology Co., Ltd., and Draganfly Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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