Commercial Drone Market 2020 - Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2024
Category: #technology  By Ronak Bora  Date: 2020-01-15
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Commercial Drone Market 2020 - Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2024

Technological innovations in the commercial drone market is one of key factors anticipated to drive industry trends. Integration of AI (artificial intelligence) and advanced machine learning has enabled several new avenues for UAV developers and end-users. For instance, in 2016, e-commerce giant Amazon successfully completed its first ever commercial deliveries in Cambridge, UK using UAV.

The commercial drone market rise during the forecast period is due to its increasing application across sectors like agriculture, delivery, media and real estate. Since its inception, commercial UAVs have been used for capturing photographs and videos for various user purposes. However, the product’s capabilities have led to increasing application across various industries in the past couple of years.

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Despite growing traction across industries, stringent government regulations on the use of commercial UAVs owing to privacy and security purposes could impact market share over the forecast period. Commercial drones can sometimes be misused by criminals and hackers who have prior tried to intercept, manipulate or jam drone controls for exploitation. Aspects such as these will most likely affect commercial drone market outlook in the forecast years. 

Based on product type, the rotary blade drone market has witness immense traction lately. The demand is mostly observed for single and multi-rotor drones that can be used across wide range of commercial applications. Its advanced rotor mechanism gives it an edge over fixed wing drone and enables it to offer better flight controllability. Moreover, the product’s superior design makes it an ideal choice for applications like mapping, surveillance, photography, and monitoring. Rotary blade drone also widely used to deliver package due to its higher payloads bearing capacity and enhanced precision control.

In terms of application, the agriculture industry is expected to help commercial drone market share accrue commendable proceeds by the end of the forecast period. Drones are used across agricultural landscapes for conducting operations like soil, plant and field analysis, and for crop monitoring, spraying and irrigation.

According to regional trends, North America has been the dominant geography augmenting the global commercial drone market share, owing to increasing adoption and demand for high-definition camera-based drones for filming, video and aerial photography. The permission to use UAVs for commercial applications by the FAA is also estimated to significantly contribute towards the industry’s growth in the region.

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Moreover, supportive federal initiatives could further help boost demand in commercial drone market. For instance, in 2017, the U.S. government launched a program to enhance testing of commercial drones to conduct night operations and flights beyond the VLOS. The program is claimed to accelerate the integration of UAVs into the NAS and to pilot UAVs detection and tracking, along with eliminating a few limits on its utilization.

Some Points From Table Of Content: -

Chapter 5.   Global Commercial Drone Industry, By Product

5.1.  Global commercial drone industry, by product, 2013 & 2024

5.2.  Fixed wing drone      

5.2.1. Market estimates and forecast, 2013 - 2024

5.2.2. Market estimates and forecast, by region, 2015 – 2024

5.3.  Rotary blade drone

5.3.1. Market estimates and forecast, 2013 - 2024

5.3.2. Market estimates and forecast, by region, 2013 - 2024

5.4.  Hybrid drone

5.4.1. Market estimates and forecast, 2013 - 2024

5.4.2. Market estimates and forecast, by region, 2013 – 2024

Chapter 6.   Global Commercial Drone Market, By Mode of Operation

6.1.  Global commercial drone industry share by mode of operation, 2013 & 2024

6.2.  Remotely operated drone

6.2.1. Market estimates and forecast, 2013 - 2024

6.2.2. Market estimates and forecast, by region, 2013 – 2024

6.3.  Semi-autonomous drone

6.3.1. Market estimates and forecast, 2013 - 2024

6.3.2. Market estimates and forecast, by region, 2013 – 2024

6.4.  Autonomous drone

6.4.1. Market estimates and forecast, 2013 - 2024

6.4.2. Market estimates and forecast, by region, 2013 – 2024

Browse Complete Table of Content @ http://decresearch.com/toc/detail/unmanned-aerial-vehicles-UAV-commercial-drone-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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