Growth in the commercial drone market is
largely dependent on policy and regulatory framework in various major
developing and developed countries across the globe. Over the next decade, rapidly
evolving drone technology is expected to transform the conventional way of
doing business in various sectors. Evolving regulatory policy framework, increasing
commercial applications of drones across various end-use sectors, coupled with advancements
in drone technologies are projected to propel growth in global commercial drone
market in the ensuing years. Over the last five years, drones were being mainly
used in the defense sector across various countries. However, various
advantages such as time reduction, easy manoeuvrability and ability to trim
down operational costs is increasing usage of commercial drones in diverse application
areas such as precision agriculture, mapping, photography, surveying, media and
entertainment, law enforcement & public safety, and inspection/monitoring
in energy, mining and infrastructure sectors.
According
to TechSci Research report, “Global
Commercial Drone Market By Drone Type, By Application, By Region, Competition Forecast
and Opportunities, 2015-2021”, the global market for commercial drone is
projected to grow at a CAGR of over 27% during 2016-2021. In 2015, North
America and Europe cumulatively accounted for a market share of more than 60%
in the global commercial drone market. With US being the largest market for
commercial drones, the civil aviation body of the US, Federal Aviation
Administration, has constantly been making amendments in policies and regulations
for use of commercial drones in the country. Moreover, frequent modifications
in the regulatory policies by European Aviation Safety Agency (EASA) over the
last few years has also been positively influencing the drone industry. “Global Commercial Drone Market By Drone
Type, By Application, By Region, Competition Forecast and Opportunities, 2015-2021” report
elaborates following aspects of commercial drone market
- Global Commercial Drone Market Size,
Share & Forecast
- Segmental Analysis – By Drone Type (Rotary
Blade Drone, Fix Wing Drone, Hybrid Drone and Nano Drone), By Application (Mapping,
Surveying & Photography,
Precision Agriculture, Inspection & Monitoring, Para-Public/Law
Enforcement/Public Safety, Media & Entertainment & Others), By Region (North
America, Latin America, Asia-Pacific, Europe and Rest of World)
- Policy & Regulatory Landscape
- Changing Market Trends and Emerging
Opportunities
- Competitive Landscape and Strategic
Recommendations
Why
You Should Buy This Report?
- To gain an in-depth understanding of global
commercial drone market
- To identify the on-going trends and
segment wise anticipated growth in the coming years
- To help industry consultants, drone companies
and other stakeholders align their market-centric strategies
- To obtain research based business
decision and add weight to presentations and marketing material
- To avail 10% customization in the report
without any extra charges and get research data or trends added in the report
as per the buyer’s specific needs
Report
Methodology
The information contained in this report is
based on both primary and secondary sources. Primary research included
interviews with drone manufactures, distributors and industry experts.
Secondary research included an exhaustive search of relevant publications like
company annual reports, financial reports and proprietary databases.