Commercial Drone Market - Regional Outlook, Competitive Analysis, Application and Forecasts To 2027

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Commercial Drone Market - Growth Statistics,
Trends Analysis, Revenue and Forecast to 2027

• Growing urge to deploy highly advanced
  technologies in numerous industry verticals,
  especially in mining, construction, agriculture,
  has impelled the commercial application of
  drones. Besides, increasing technology
  investments and growing digitization in multiple
  business sectors is further fueling the product
  adoption. With the significant rise in the
  product demand, commercial drone market is
  anticipated to observe a commendable growth by
  recording more than USD billion revenue by 2027,
  quoted the latest report by Global Market
  Insights, Inc.
• The heightened product adoption is compelling
  various industry players to develop advanced
  drone technology that can cater to the consumer
  demands effectively. To illustrate, in 2021,
  FlyNex GmbH announced collaboration with KSI Data
  Sciences to integrate technologies in the drone
  that can facilitate real-time data transfer
  including video. Reportedly, the companies have
  integrated the FlyNex Enterprise Suite with the
  latters MissionKeeper platform.

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• Quoting yet another instance, in 2020, the U.S.
  drone maker Skydio introduced a new X2 series of
  drones designed for government and enterprise
  customers. The company is also known to have
  raised USD 100 million in Series C funding to
  expedite the product development and expand its
  footprint into enterprise and public sector
  markets.

• Commercial drones find wide application in remote
  sensing mapping applications. This in turn
  makes these drones useful in agriculture sector
  as they can be utilized for monitoring the
  vegetation and nurture the farms. They offer
  appropriate information pertaining to crop damage
  assessments which allow farmers to make better
  decisions leading to effective crop management.

• Rising interest in technological solutions that
  can improve the efficiency across various sectors
  like agriculture, mining, construction, etc. has
  fostered the demand of commercial drones. On the
  other hand, consistent efforts by the
  manufacturers to develop more innovative
  solutions is also favoring their adoption,
  supporting the industry progression.

• Fixed wing drones are gaining massive traction in
  market owing to their simple structure. Their
  simple structure ensures that they are relatively
  more efficient in aerodynamics, which offers
  advantage of long flight durations at high
  speeds. Growing necessity across enterprises to
  make data-driven decisions in monitoring,
  inspection, remote sensing and mapping is fueling
  product demand to a large extent.

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• Regional Analysis

• Regionally, the industry is observing strong
  growth in Europe on account of increasing
  adoption of advanced technologies. The regional
  commercial drone market is expected to capture a
  sizeable share of 10 by 2027 with growing
  interest in experimenting and testing the
  potential uses of commercial drones among the EU
  nations. Various regional enterprises are now
  focusing on developing innovative drone
  technologies while undertaking strategic
  initiatives to strengthen their market position.

• Competitive Analysis

• Some of the key players operating in the market
  are 3D Robotics, AeroEnvironment Inc., Airobotics
  Ltd., BAE Systems, Cyberhawk, Delair, DJI,
  DroneDeploy, Ehang Inc., Guangzhou Jifei
  Technology Co., Ltd., Hoverfly Technologies,
  Inc., Intel Corporation, Kespry, Parrot SA,
  PrecisionHawk, Prime Air (Amazon.com, Inc.),
  senseFly, Walkera Technology Co., Ltd., Xiaomi
  Inc., and Yuneec International.

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