Drones, formally called as Unmanned Aerial Vehicles (UAVs) or Unmanned Aircraft Systems (UASes) are robots that has ability to fly and is operated over a remote control or fly autonomously through flight plans controlled by software. The drones can be extensively used for the commercial purpose in various end use industries to benefit companies with cost savings, enhance safety, and improve operational efficiency for the company.
The commercial drones market is forecasted to grow at a high rate owing to the accelerating demand from various application areas such as media, entertainment, construction & aviation sector as well. Drones are used for multiple applications ranging from emergency response to filmmaking. Furthermore, commercial drones are witnessing huge demand from the real estate and construction sector owing to their capability for providing continuous and precise project notifications, surveying lands, preventing accidents on construction sites, and improving overall safety.
The rising demand from the construction industry is encouraging manufacturers of drones to produce more drones specifically for the construction and real estate sector. For instance, in October 2018, SZ DJI Technology Co., Ltd. a China-based technology company launched a drone specified for surveying and mapping named a Phantom 4 RTK drone at the European Drone Summit in Frankfurt, Germany.
In terms of geography, the North American region held the largest market share of 37.2% in the year 2020. The dominance is anticipated to continue throughout the forecast period majorly owing to the favorable government initiatives in the region.
Based on regions, the market for commercial drones in North America accounted for the largest market share in 2020 owing to presence of key market players coupled with growing demand from various industries, followed by Asia Pacific and Europe.
Commercial Drones Industry Segmentation by Application:
Mapping & Surveying, Filming & Photography, Surveillance & Monitoring, Inspection & Maintenance, Precision Agriculture, Others.
Commercial Drones Industry Segmentation by Types:
Single rotor drones, Multi-rotor drones, Hybrid drones, Fixed winged drones, Others.
Top Companies in Commercial Drones Industry are:
Intel Corp., Autel Robotics, Trimble Inc., 3D Robotics Inc., SZ DJI Technology Co. Ltd., Parrot Drones SAS, AeroVironment Inc., Yuneec International Co. Ltd., FLIR Systems Inc., Remote Monitored Systems plc.
In June 2021, Kitty Hawk, an electric personal air vehicles producing company, acquired the 3D Robotics, the unmanned aerial vehicle (UAV or ‘drone’) manufacturing company. With the acquisition, the Chris Anderson, the co-founder of 3D Robotics is expected to hold the position of chief operating officer in Kitty Hawk.
For More Information: https://www.alltheresearch.com/report/59/commercial-drones