Global Commercial Drone Market by Product (Rotary Blade, Hybrid, Fixed-wing) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2020, the global commercial drone market was worth USD 13.44 billion. The market is expected to grow at a compound annual rate of growth (CAGR), of 57.5% between 2021 and 2028. The demand for volume was 689.4 million units in 2020. Drones can be used for many purposes, including filmmaking and emergency response. These drones are also in high demand in the construction and real estate sectors. They can survey land, provide precise project notifications, increase safety, and prevent accidents on construction sites. The number of drone-related business applications has increased significantly over the last few years. Drone manufacturers and software solution providers are always involved in developing, testing and improving solutions for different markets.

However, traditional uses such as surveillance and security will continue to increase in areas with high crime rates and labor costs. Drones are used in dangerous and difficult places to map out high-rise infrastructure, such as roofs and power lines that have been damaged, as well as for rescue and search operations.

There has been an increase in drone use in various situations following the COVID-19 epidemic. The healthcare sector is using drones for sample collection and delivery, as well as transport of medical supplies to reduce transportation turnaround times and minimize the risk of infection. UNICEF reports that drones have been used in transportation and delivery of medical supplies during the pandemic.

There are significant growth opportunities for the drone market thanks to the integration of advanced technologies like Artificial Intelligence (AI), and Machine Learning (ML). Drones equipped with AI technology have the ability to better understand their environment, map and track specific objects' movements, and provide precise analytical feedback. They also offer real-time information-driven decision-making to users. This includes fast data capture, processing, and transfer. Users can also collaborate with other drones to view feeds, and track drone flight patterns in real time. AI and ML are combined with predictive learning models to enable faster data analysis that leads to actionable insights.

Commercial drones will benefit from the integration of cloud computing technology and the 5G delivery model. High-speed internet access in drones allows users to communicate in highly demanding environments. This allows them to perform operations such command and control, media sharing, and autonomous flying. Service providers can use 5G network sharing to provide seamless mobile broadband connectivity, ultra low latency communications and massive Machine-to–Machine (M2M), communications deployment. This allows service providers to offer Drone-as-a-Service to their customers, allowing them to continue expanding their business and creating new revenue streams.

Product Insights

In 2020, the rotary blade segment held the largest market share at almost 80.0%. It is expected to continue dominating this market for the forecast period. Due to their ability hover and perform agile maneuvering, rotary blade drones are expected to be in high demand for inspection activities. They are a viable option for many commercial applications such as surveillance and monitoring, filming, photography, surveillance and monitoring. They are also easier to control than their fixed-wing or hybrid counterparts.

In terms of volume, the hybrid segment will experience the fastest CAGR at 64.0% between 2021 and 2028. Hybrid commercial drones combine the benefits of fuel and batteries to maximize power and efficiency. These drones can fly longer distances and carry more payloads, even in harsh weather conditions. Amazon and Facebook, tech giants, use hybrid drones to provide internet connectivity in remote areas as well as for efficient parcel delivery.

Application Insights

In 2020, the filming and photography market accounted for 31.0% of the total revenue. This segment is expected to continue dominating over the forecast period. Professional photographers are accepting drones as an integral part of their work. DJI has created miniature drone cameras that can capture professional-quality photos. It is possible to capture landscapes and other areas previously inaccessible. Filmmakers were not the first to fly commercial drones when they were allowed by the FAA in September 2014. Today, however, drone pilots are part of a whole sub-industry that provides services for the entertainment and film industries.

Precision agriculture is expected to have the highest CAGR at over 60.0% between 2021 and 2028. This is because drones are essential for the management of vital farm operations. Global farmers are striving to lower costs and increase yields. Drones allow farmers and agricultural workers to collect farm data and automate redundant processes. This allows them to maximize their efficiency. Drones can also be used to assist farmers with many tasks such as field monitoring and analysis and the planning of crop plantations in order to determine the health and growth of crops. Raptor Maps, an American-based agricultural analytics provider, uses drones to better help farmers understand their potential harvest.

End-use Insights

Media and entertainment accounted for nearly 27.0% of the market in 2020. They are expected to continue dominating this market during the forecast period. There are many uses for drones in entertainment and media. Professional drones have been used by filmmakers to capture precise frames in the most economical way. This segment is expected to grow due to the increasing demand from owners and clients for aerial photography of resorts, hotels and tourist spots as well as amusement parks.

From 2021 to 2028, the delivery and logistics sector is expected to experience the highest CAGR at over 60.0%. The emergence of e-commerce is expected to revolutionize the logistics and delivery sector. Drones are being used more frequently in e-commerce warehouses to warehousing and delivery of goods. To increase automation, warehouses around the world are investing heavily. UAVs can be used for tasks and operations that are more labor-intensive. Barcode scanning is one of the most important uses of drones in warehouses.

Regional Insights

North America held the largest market share, with 37.0% volume, in 2020. It is expected to see significant growth in the coming seven years, thanks to government initiatives, advances in drone technology, as well as the increasing demand from businesses in various industries. The Federal Aviation Administration (FAA), the U.S., has issued new regulations that provide clearer and more consistent guidelines regarding the legal and safe operation UAVs within commercial spaces. These rules and regulations will reduce barriers to entry and encourage product adoption in the region.

Asia Pacific will experience the fastest volume growth, with a CAGR between 2021 and 2028 of 63.1%. By 2028, the regional demand for commercial drones will surpass North America by more than 9 million units. A favorable regulatory environment, particularly among developed countries, is expected to drive market growth. Many governments are working to develop new regulations for commercial drone applications. Numerous start-ups are also testing new drone applications for commercial purposes, and working to improve the safety of the drones.

Market Share Insights & Key Companies

A few market players hold significant market share in the market. To address their customers' business needs , drone providers and manufacturers around the world are creating custom-made solutions. Manufacturers can now produce a variety of drone models in different sizes and shapes. They are also capable of carrying different sensor payloads which makes them useful for a broad range of applications. The following are some of the major players in the global commercial drone market:

• DJI

• Parrot Drones SAS

• YUNEEC

• 3D Robotics

• EHANG

Up Market Research published a new report titled “Commercial Drone Market research report which is segmented by Product (Rotary Blade, Hybrid, Fixed-wing), By Players/Companies YUNEEC, DJI, Parrot Drones SAS, 3D Robotics, EHANG”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Commercial Drone Market Report Segments:

The market is segmented by Product (Rotary Blade, Hybrid, Fixed-wing).

Commercial Drone Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Commercial Drone Market

Overview of the regional outlook of the Commercial Drone Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Commercial Drone Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Commercial Drone Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Rotary Blade

                2. Hybrid

                3. Fixed-wing

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Commercial Drone Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Commercial Drone Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.