According to the latest report by IMARC Group, titled “Commercial Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global commercial drones market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global commercial drones market size reached 16.06 billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 71.99 Billion by 2027, exhibiting a growth rate (CAGR) of 26.60% during 2022-2027.
Commercial drones represent unmanned aerial vehicles (UAVs) designed for industrial purposes rather than personal or recreational usage. They are integrated with several components, such as flight control computers, thermal cameras, ultrasonic and collision avoidance sensors, receivers, global positioning systems (GPS), etc.
Commercial drones aid in mapping areas and gathering real-time data while surveying and performing superior-quality aerial filming and photography. They prove extremely effective in risk mitigation, weather monitoring, urban planning, farm management, traffic controlling, green mapping, research and excavation, etc. Consequently, commercial drones find extensive applications across various sectors, including agriculture, delivery and logistics, energy, media and entertainment, construction, security and law enforcement, etc.
The growing need for intelligent UAVs with high-resolution cameras and state-of-the-art sensors to perform numerous business-related operations is among the key factors driving the commercial drones market. In addition to this, the expanding location-based services, such as e-commerce shipping, tourism, food delivery, and social networking, and the elevating requirement for speeding-up distribution procedures are acting as significant growth-inducing factors.
Apart from this, the launch of smart commercial drones with built-in compliance technologies to facilitate efficacious flight control is also positively influencing the global market. In line with this, the development of new products incorporated with three-dimensional (3D) mapping, automatic dependent surveillance-broadcast or ADS-B transponder solutions, artificial intelligence (AI), and machine learning (ML), that assist in geographical mapping, tracking multiple objects, and offering analytical insights after capturing, transferring, and processing data is further stimulating the market growth. Moreover, the increasing use of the drone variants in the agricultural segment to promote sustainable growth of crops by delivering information related to climate change to farmers is expected to bolster the commercial drones market in the coming years.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Aisin Corporation, Akebono Brake Industry Co. Ltd., BorgWarner Inc., Brembo S.p.A., Continental AG, Haldex AB, HELLA GmbH & Co. KGaA (Faurecia SE), Hitachi Ltd., Hyundai Mobis Co. Ltd. (Hyundai Motor Group), Knorr-Bremse AG, Performance Friction Corporation, Robert Bosch GmbH and ZF Friedrichshafen AG.
The report has been segmented the market into following categories:
Breakup by Weight:
- <2 Kg
- 2 Kg-25 Kg
- 25 Kg-150 Kg
Breakup by System:
- Propulsion System
Breakup by Product:
- Fixed Wing
- Rotary Blade
Breakup by Mode of Operation:
- Remotely Operated
Breakup by Application:
- Filming and Photography
- Inspection and Maintenance
- Mapping and Surveying
- Precision Agriculture
- Surveillance and Monitoring
Breakup by End Use:
- Delivery and Logistics
- Media and Entertainment
- Real Estate and Construction
- Security and Law Enforcement
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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