Commercial Drones Market Growth with Worldwide Industry Analysis to 2023

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2023
Commercial Drones Market Global Industry
Analysis, Market Size, Trends, and Forecast up
to 2023
Infinium Global Research
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The report on Commercial Drones Market by
application (coversaerial photography, energy
and infrastructure, forest fire monitoring,
precision agriculture, retail delivery and
others), drone type (wing, hybrid, multi-rotor,
single rotor, nano and some others) trends
analysis and forecasts up to 2023 studies the
market sizes, key trends and opportunities in
the main geographies such as North America,
Europe, Asia-Pacific, Rest of the World.
According to the report the Global Commercial
Drones Market is projected to grow at a CAGR
between 16 and 17 in terms of value over the
period of 2017-2023. The growth in the world
market is primarily driven by significant
contribution by North America (Leading region)
region to this market. Get a Sample Request
https//www.infiniumglobalresearch.com/reports/sam
ple_request/18 Market Insights Precision
agriculture segment is the largest application
segment in the commercial drones market, as
drones are very useful in monitoring weather,
soil, crops, livestock and controlling pests
among others. Increasing number of applications
that benefits governments, such as disaster
management, environmental studies, infrastructure
monitoring, and research development among
others are driving the growth of the global
commercial drones market. Growing demand for
drones for law enforcement, due to their
advanced features that allow transmission of high
resolution images, videos and live surveillance
data to the control rooms drive the growth of the
global commercial drones market. Increasing
instances of drug trafficking, terror activities,
criminal assaults
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are expected to further enhance the demand for
commercial drones for surveillance. Availability
of advanced systems for capturing images and
recording videos at high resolutions such as HD
and 4k is driving the demand for commercial
drones in media, and movies industries.
Moreover, with the availability of compatible
smart phones and other portable devices, more
applications for commercial drones are expected
to become popular during the forecast period.
Due to superior flight stability and cost
effectiveness, the demand for rotary blade
drones for commercial applications is anticipated
to grow significantly during the forecast
period. Formal regulations in various countries
regarding commercial registration, applications,
qualification for the remote drone pilots, are
expected to enhance the growth of the commercial
drones market. The demand for commercial drones
for industrial applications such as inspection of
machinery installations, oil gas pipelines,
solar wind turbine farms, and other industrial
infrastructure is expected to grow significantly
during the forecast period. As drones require
less energy when compared to other delivery
vehicles and it is easier control remotely, the
demand for drones for retail delivery from
e-commerce and retail sectors for short
distances are expected to grow during the
forecast period 2017-2023. Absence of regulatory
frameworks in many countries is a major restraint
for the commercial drones market, as it prevents
use of drones for many commercial operations.
The apprehension about misuse of drones for
spying and other illegal activities among public
and governments is a restraint for the market.
Shortage of certified drone operators is another
restraint for the global commercial drones
market, even as more companies are
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starting commercial services. Research and
development and technological advancements in
the sector are yielding more applications for
commercial drones and it is expected to provide
growth opportunities for the major players in the
commercial drones market. Moreover, there are
export opportunities for the manufacturers of
commercial drones to the regions where the
drones industry is nascent. Make an Enquiry
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uiry/18 Segments Covered The report covers the
analysis of global as well as regional markets of
commercial drones market. Moreover, the global
commercial drones market is segmented by
application and by drone type. The global
commercial drones market by application covers
aerial photography, energy and infrastructure,
entertainment media, forest fire monitoring,
high altitude imaging, mapping, natural hazards
monitoring, precision agriculture, retail
delivery, surveillance inspection and some
others. On the basis of drone type, the market
is segmented as fixed wing, hybrid, multi-rotor,
single rotor, nano and some others. Geographies
Covered The global commercial drones market
covers the analysis of geographies such as North
America, Europe, Asia-Pacific and RoW. In this
section, the key trends and market size for each
region is provided over the period of 2017 2023.
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Among geographies, North America is the largest
commercial drones market in the world. The
presence of large number of drone manufacturers
and increasing number of applications for drones
in various sectors such as monitoring of cattle
and irrigation equipment, precision agriculture,
retail delivery, and surveillance are driving the
growth of the North American commercial drones
market. Europe is expected to be the fastest
growing market in terms of CAGR over the forecast
period 2017-2023. Favorable European Union
regulations, growing demand from agriculture, law
enforcement and some other sectors are driving
the growth of the European commercial drones
market. Increasing demand for commercial drones
from countries such as Australia, China, Japan
and India for applications in sectors such as
agriculture, construction and media movies
among others drive the growth of Asia-Pacific
commercial drones market. A presence of large
number of drone manufacturers and exporters in
Israel drives the Middle East commercial drones
market. Companies Profiled The companies covered
in the report include manufacturers of global
commercial drones market include AeroVironment
Inc, Aurora Flight Sciences, BAE Systems Plc, DJI
Innovations,Draganfly, Elbit Systems Ltd, Israel
Aerospace Industries, Lockheed Martin
Corporation, Northrop Grumman, Parrot SA,3D
Robotics Inc, Textron Inc and The Boeing Company.
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ductor/commercial_drones_mark et Report
Highlights The report provides deep insights on
demand forecasts, market trends and micro
and macro indicators. In addition, this report
provides insights on the factors that are driving
and restraining the demand of commercial drones
globally as well as regionally. Moreover,
IGR-growth matrix analysis given in the report
brings an insight on the investment areas that
existing or new market players can consider.
Moreover, the study highlights current market
trends and provides forecast from 2017 to 2023.
We also have highlighted future trends in the
commercial drones market that will impact the
demand during the forecast period. Moreover, the
competitive analysis given in each regional
market brings an insight on the market share of
the leading players. Additionally, the analysis
highlights rise and fall in the market shares of
the key players in the market. This report will
help manufacturers, suppliers and distributors
of the commercial drones market to understand the
present and future trends in this market and
formulate their strategies accordingly. Contact
Us Website https//www.infiniumglobalresearch.co
m E-mail sales_at_infiniumglobalresearch.com