Global Commercial Drones Market – Industry Trends and Forecast to 2030

Commercial Drones Market Analysis and Size

Commercial drones are becoming gradually common in many countries. Although commercial drone technology has been around for years, its use was limited to only some sectors such as construction and agriculture. However, the introduction of innovative and new and solutions in recent years has changed this scenery. Now, more than ever before, we are seeing a rise in demand for unmanned aerial systems such as commercial drones that can be used for numerous purposes such as mapping, surveillance, and even delivery services.

Data Bridge Market Research analyses that the commercial drones market was valued at USD 12.28 billion in 2022 and is expected to reach the value of USD 102.04 billion by 2030, at a CAGR of 30.30% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Commercial Drones Market Scope and Segmentation

Market Definition

Commercial drones are also known as unmanned aerial vehicles (UAVs). Commercial drones are those aircraft which are used for industrial and business purposes. These aircraft are sophisticated in function and capable of handling complicated tasks. Commercial drones are remotely controlled from the ground by professional and trained and pilots.

Commercial Drones Market Dynamics

Drivers

• Increasing usage of commercial drones public safety

Commercial unmanned aerial vehicles (UAVs) such as commercial drones have come a long way since their initial days of limited functionalities. Numerous trades, businesses and industries have readily incorporated them to simplify their operational workflow. As a result of this, commercial drones have found plenty of progressive impact on the public safety operations due to their ability to save lives. Commercial drones have been extensively used in firefighting, search and rescue, law enforcement and disaster response as a life-saving tool.

• Rising demand of commercial drones for firefighting

Firefighters are progressively using commercial drones. Commercial drones have proved to be very proficient in containing and tracking wildfires. Considering the unpredictability of wildfires, it's almost incredible for firefighters to get a scale of the fire without having any extra pair of eyes in the sky. Commercial drones are equipped with thermal cameras and other sensors that can predict a wildfires' likely course and give firefighters an overview of the terrain. Commercial drones can also prevent wildfires by assisting the fire department perform controlled vegetation from areas prone to wildfire and burns to clear dry brush.

Opportunities

• Surging usage of commercial drones in mining industry

Commercial drones are highly used in the mining industry. They are used to conduct inspections of underground shafts, mining equipment and tunnels. Commercial drones are mainly useful when conducting maintenance checks on machinery or equipment. It also allows inspectors to access inspect equipment and hard-to-reach places that would otherwise require heavy equipment such as excavators and cranes. Thus, the surging usage of commercial drones in mining industry is anticipated to create new and ample opportunities for the market growth.

• Advancements in surveillance and remote sensing technologies

Continuous advances in sensing technology, component and size have boosted the growth of monitoring and automation systems, including UAVs or commercial drones, which use large number of methods and tools to forecast data. This has also ensure higher reliability, productivity, reduced operating costs and increased performance. Furthermore, the steadily increasing focus on improving field productivity and efficiency has augmented the demand for commercial drone in agriculture. Furthermore, advancement in sensing technologies aids in ensuring that the soil and crop receive proper care. So, farmers will be able to plan their activities or actions accordingly.

Restraints

• Strict regulation and growing adoption of satellite

Strict government administrations related to the satellite imagery and national security as a replacement option are projected to hamper the commercial drone market growth.  Another factor which is hampering the growth of the commercial drone market is the increasing acceptance of satellite imagery during the forecast period.

This commercial drones market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the commercial drones market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In September 2022 - The U.S. Federal Aviation Administration (FAA) approved the Declarations of Compliance for seven of DJI’s new drone models. DJI is a China based leading provider of imaging technology and civilian drones.

Global Commercial Drones Market Scope

The commercial drones market is segmented based on the payload, technology, component, application and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Payload

• <5kg
• 5–25Kg
• 26–50Kg
• 51–100Kg
• Above 100Kg

Technology

• Fully Autonomous
• Semi-Autonomous
• Remotely

Component

• Hardware
• Software

 Application

• Delivery & Logistics
• Filming & Photography
• Horticulture & Agriculture
• Inspection & Maintenance
• Mapping & Surveying
• Surveillance & Monitoring
• Others

Type

• Fixed Wing Drones
• Rotary Bade Drones
• Hybrid Drones

Commercial Drones Market Regional Analysis/Insights

The commercial drones market is analyzed and market size insights and trends are provided by country, payload, technology, component, application and type as referenced above.

The countries covered in the commercial drones market report are report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the commercial drones market in revenue growth due to the growing population in several regions and the rapid urbanization in the economy. Moreover, the availability of agricultural land in India, China, Japan, and Australia will likely boost the market's growth.

North America is projected to be the fastest developing region during the forecast period of 2023-2030. This is mainly due to growing demand for indoor farms and greenhouses vertical. Furthermore, commercial drones is energy proficient and the energy consumption of this lighting is less than regular farming which will likely to boost the growth e market.

 The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Commercial drones Market Share Analysis

The commercial drones market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to commercial drones market.

Some of the major players operating in the commercial drones market are:

• AeroTargets International LLC. (U.S.)
• Airbus (Netherlands)
• BAE Systems (U.S.)
• Anadrone Systems Private Limited (India)
• Denel Dynamics (South Africa)
• Embention (Spain),
• Johnson Controls Inc.  (Ireland)
• General Atomics (U.S.)
• IAI. (Israel)
• Lockheed Martin Corporation (U.S.)
• AeroVironment Inc. (U.S.)
• Textron Systems (U.S.)
• Aeryon Labs Inc. (Canada)
• Northrop Grumman (U.S.)
• BAE Systems (U.K.)
• Boeing (U.S.)
• Thales (France)
• Leonardo S.p.A. (Italy)
• Elbit Systems Ltd. (Israel)
• SAAB (Sweden)

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