Commercial Drone Market By Product Type (Fixed wing, Rotary Blade, Nano, Hybrid), By Application (Agriculture, Energy, Government, Media & Entertainment, Product Delivery & others), Industry Trends, Estimation & Forecast, 2016 - 2024

July 2017

 Pages: 154

 ERC 6640


Commercial Drone Market was valued at $1,002 million in 2016 and is expected to reach a market size of $3,551 Million by 2024, growing at a CAGR of 17.5% during the forecast period. In 2016, the government segment generated the highest revenue in the global commercial drone market.

Drone, which is also called as unmanned aerial system (UAS), is an aircraft without any presence of a human pilot onboard. The drone unit is controlled from an operator either based on the ground or pre-installed on board. In the recent decade, drones, or unmanned aerial vehicles (UAVs), have multiplied rapidly all over the globe not only in the civil and military vertices but also, the commercial one. With the ongoing technological development, an increased penetration of drones has been witnessed in the numerous application of governmental, architectural and entertainment field. In the current scenario, the UAV technology is not just limited to hobbyist usage but are actually being applied for a big segment of commercial activities. Collaborations, and geographical expansion are the key strategies adopted by market giants to improve their product portfolio.

Market Determinants

The major factors which are driving the growth of commercial drone market are rising adaptability and widespread use of drones in various fields such as surveillance, aerial photography, cinematography, and precision agriculture. In addition to this, rising demand for aerial images & video in real estate, media & entertainment are also anticipated to fuel the market growth. France has recently started its first drone powered mailing service in 2015, which is capable enough of delivering mails and posts without any kind of human assistance. However, stringent government rules against the increasing use of commercial drone might hamper the market growth. Such stringent regulations are implemented by the government, owing to the privacy issues aroused by the use of commercial drones.

Market Segmentation

The categorization of commercial drone market is based upon type, application, and geography. By type, the commercial drone market is divided into fixed wing drones, Rotary blade drones, Nano drones, and Hybrid drones. The rotary blade drone segment garnered the largest revenue share in 2016. On the basis of application, the market is divided into Agriculture, Energy Sector, Government sector, Media & Entertainment, and others. The government sector is the leading sector in terms of revenue. On the basis of Geography, the market is segmented into North America, Asia-Pacific, Europe and Rest of World. The North American Market is estimated to be the leading market earning the largest revenue share and growing at a compound annual growth rate of 16.8% during the forecast period 2017-2024.

Key Market Players are SC DJI Innovations Co, Ltd., Yuneec, Parrot SA., Aerovironment Inc., Ehang, Aeryon Labs, Inc., Airware, Sensefly, 3D Robotics and INSITU.

Commercial Drones Market Segmentation

By Type
   • Rotary blade drones
   • Fixed wing drones
   • Hybrid drones
   • Nano drones

By Application
   • Energy Sector
   • Agriculture
   • Media & Entertainment
   • Government
   • Others

By Geography
   • North America
           • U.S.
           • Canada
           • Mexico

   • Europe
           • U.K.
           • Germany
           • France
           • Italy
           • Spain
           • Rest of Europe

   • Asia-Pacific
           • China
           • Japan
           • India
           • Rest of APAC

   • Rest of World
           • Latin America
           • Middle East
           • Africa

Commercial Drones Market Key Players

   • EHANG

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    What Information does this report contain?

    • What was the market size of the Commercial Drone Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Commercial Drone Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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