SELBYVILLE, Delaware,
Sept. 17, 2019 /PRNewswire/ -- The
commercial drone market rise during the forecast period is due to
its increasing application across sectors like agriculture,
delivery, media and real estate. Since its inception, commercial
UAVs have been used for capturing photographs and videos for
various user purposes. However, the product's capabilities have led
to increasing application across various industries in the past
couple of years.
Nowadays commercial drones are widely used in civil applications
like smart agriculture for mapping and studying of crop data. They
are used in real estate to capture images for 3D rendering of
structures and to delivery package to customers from retail chains.
The technology is also used by mass media and journalists to gain
news coverage through closer aerial view.
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Technological innovations in the commercial drone market is one
of key factors anticipated to drive industry trends. Integration of
AI (artificial intelligence) and advanced machine learning has
enabled several new avenues for UAV developers and end-users. For
instance, in 2016, e-commerce giant Amazon successfully completed
its first ever commercial deliveries in Cambridge, UK using UAV.
Similarly, U.S. based robotics firm, Zipline deployed its fleet
of drones to deliver blood for medical relief in remote areas in
Rwanda, East Africa, and has further revealed plans to
utilize civil drone capabilities to delivery one of the largest
drone delivery networks in Tanzania.
Despite growing traction across industries, stringent government
regulations on the use of commercial UAVs owing to privacy and
security purposes could impact market share over the forecast
period. Commercial drones can sometimes be misused by criminals and
hackers who have prior tried to intercept, manipulate or jam drone
controls for exploitation. Aspects such as these will most likely
affect commercial drone market outlook in the forecast
years.
Based on product type, the rotary blade drone market has witness
immense traction lately. The demand is mostly observed for single
and multi-rotor drones that can be used across wide range of
commercial applications. Its advanced rotor mechanism gives it an
edge over fixed wing drone and enables it to offer better flight
controllability. Moreover, the product's superior design makes it
an ideal choice for applications like mapping, surveillance,
photography, and monitoring. Rotary blade drone also widely used to
deliver package due to its higher payloads bearing capacity and
enhanced precision control.
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In terms of application, the agriculture industry is expected to
help commercial drone market share accrue commendable proceeds by
the end of the forecast period. Drones are used across agricultural
landscapes for conducting operations like soil, plant and field
analysis, and for crop monitoring, spraying and irrigation.
Other uses include developing an accurate 3D map for soil
analysis which can guide in planning of seed patterns. A
drone-driven method can also help farmers to analysis soil to offer
necessary data regarding nitrogen level and irrigation management.
Factors such as these could help increase productivity across
agriculture landscapes and could in turn boost commercial UAV
market size.
According to regional trends, North
America has been the dominant geography augmenting the
global commercial drone market share, owing to increasing adoption
and demand for high-definition camera-based drones for filming,
video and aerial photography. The permission to use UAVs for
commercial applications by the FAA is also estimated to
significantly contribute towards the industry's growth in the
region.
Moreover, supportive federal initiatives could further help
boost demand in commercial drone market. For instance, in 2017, the
U.S. government launched a program to enhance testing of commercial
drones to conduct night operations and flights beyond the VLOS. The
program is claimed to accelerate the integration of UAVs into the
NAS and to pilot UAVs detection and tracking, along with
eliminating a few limits on its utilization.
Initiatives like these could positively impact growth prospects
of the commercial drone market in North
America. Moreover, presence of a large number of industry
partakers like Aeryon Labs, PrecisionHawk and 3D Robotics could
lead to way to new advancements and investments in the North America market over the coming
years.
Browse key industry insights spread across 350 pages with 210
market data tables & 30 figures & charts from the report,
"Commercial Drone Market By Product (Fixed Wing Drone, Rotary
Blade Drone, Hybrid Drone), Mode of Operation (Remotely Operated,
Semi-Autonomous, Autonomous), Application (Aerial Photography,
Agriculture, Emergency Management, Inspection & Monitoring,
Remote Sensing & Mapping, Wildlife Research &
Preservation), Regional Outlook, Competitive Market Share &
Forecast 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/unmanned-aerial-vehicles-UAV-commercial-drone-market
Table of Contents (ToC) of the report:
Chapter 3. Commercial Drone/UAV Market
Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2013 - 2024
3.4. Industry ecosystem analysis
3.5. Market evolution
3.6. Market news
3.7. Commercial drone regulations
3.8. Pricing analysis
3.9. Technology & innovation landscape
3.9.1. AI in drones
3.9.2. Nano & Mini drones
3.9.3. 3D printing of drones
3.9.4. Cloud computing-based services
3.9.5. Advanced material in manufacturing of drones
3.9.6. Drones taxies or passenger drones
3.9.7. IoT drones
3.10. Commercial drone use cases
3.10.1. Agriculture
3.10.2. Photography & Filming
3.10.3. Construction
3.10.4. Real estate
3.10.5. Retail
3.11. Industry impact forces
3.11.1. Growth drivers
3.11.1.1. Venture capital investment in drone
technology
3.11.1.2. Increasing use cased of drones in civil
applications
3.11.1.3. Increasing affordability and accessibility of
drones
3.11.1.4. Advancement in design and integrated data
intelligence
3.11.1.5. Strong Chinese market and growing demand from
developing economies
3.11.2. Industry pitfalls & challenges
3.11.2.1. Stringent government regulations
3.11.2.2. Security & privacy issues
3.12. Growth potential analysis
3.13. Porter's analysis
3.14. Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/unmanned-aerial-vehicles-UAV-commercial-drone-market
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