Commercial Drone Market is Expected to Grow at an Estimated CAGR of 57.5% during 2021 – 2028 | Grand View Research, Inc.

March 10 09:10 2022
Commercial Drone Market is Expected to Grow at an Estimated CAGR of 57.5% during 2021 - 2028 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, In terms of volume, the demand was recorded at 689.4 thousand units in 2020. Drones are used for multiple applications ranging from filmmaking to emergency response

Commercial Drone Market Growth & Trends

The global commercial drone market size is anticipated to reach USD 501.4 billion by 2028, registering a CAGR of 57.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The rising demand for commercial drones can be attributed to the growing application base across a wide range of end-use verticals, including real estate and construction, media and entertainment, and agriculture. Majority of the end-use verticals that involve a high proportion of operational processes are expected to experience substantial productivity gains from drone usage owing to the automation of business operations.

UAVs or drones are reinventing old businesses and even creating new prospects. In 2016, the Federal Aviation Administration (FAA) released regulations related to the usage of commercial drones that clarified the legal landscape for businesses and workers. Since then, the industrial applications of commercial drones have significantly increased. Drones are expected to emerge as versatile tools, which can transform the existing business operations and help to establish new startups.

Browse full report with Table of Content (PDF with All Related Graph and Chart)

 @: https://www.grandviewresearch.com/industry-analysis/global-commercial-drones-market

The prominent industry players are involved in the manufacturing as well as supply of accessories required for drone operation. Additionally, they provide applications for Android/iOS-based smartphones and tablets to efficiently operate and maneuver the drones during flight. These manufacturers offer drones for various verticals, such as security & law enforcement, energy, agricultural, retail, media, and entertainment.

Commercial Drone Market Report Highlights

  • The ability of drones to perform increasingly complex tasks is likely to improve with advancements in technologies such as collision avoidance and autonomy
  • Commercial drones are anticipated to become a potential alternative for the logistics activities of companies, helping them increase their competitive advantage
  • Drones are widely being used to inspect power plants, oil and gas, and other industrial sites to ensure proper operations and safeguard these sites
  • Newer drone-supportive regulations are expected to lower the entry barriers for startups providing commercial operations of drones
  • The advent of drones is set to transform the media industry as it allows the journalism sector to cover news in areas where human entry is prohibited

For Requesting a Sample Copy of This Report, Please Visit @https://www.grandviewresearch.com/industry-analysis/global-commercial-drones-market/request/rs1

Commercial Drone Market Segmentation

Grand View Research has segmented the global commercial drone market based on product, application, end-use, and region:

Commercial Drone Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 – 2028)

  • Fixed-wing
  • Rotary Blade
  • Hybrid

Commercial Drone Application Outlook (Revenue, USD Million, 2016 – 2028)

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

Commercial Drone End-use Outlook (Revenue, USD Million, 2016 – 2028)

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

Commercial Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 – 2028)

  • North America
    • U.S.
    • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
    • Asia Pacific
      • China
      • Australia
      • Japan
      • South Korea
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)
      • UAE
      • Israel
      • South Africa

List of Key Players in the Commercial Drone Market

  • DJI
  • Parrot Drones SAS
  • YUNEEC
  • 3D Robotics
  • EHANG

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/2219/ibb

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/global-commercial-drones-market