The global commercial drone market size
is anticipated to reach USD 129.23 billion by 2025, registering a CAGR of 56.5%
over the forecast period. The market is characterized by the growing
application scope spanning a wide range of sectors such as construction,
photography, real estate, and agriculture.
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With their capability to reach places
that humans and other machines cannot, and their onboard computer controlled
cameras, commercial Unmanned Aerial Vehicles (UAVs) hold enormous potential to
help farmers to monitor crops, law enforcement authorities to sharpen
surveillance activities, and to support insurance agents in accessing damaged
assets. Drone hardware has also become more affordable to produce and purchase
over the years.
There has been a notable improvement in
battery life along with the progress in the degree of autonomy for UAVs. As a
result of all these developments, contemporary drones possess the ability to be
used across a broad range of applications in the commercial sector, leading to
their increased adoption across a range of commercial applications.
In terms of product type, the commercial
drone market for rotary blade drones is expected to expand at a significant
CAGR over the forecast period due to their increasing use in filming and
photography applications. These type of UAVs offer the ease of maneuvering in
tight spaces and are ideal for detailed work. In terms of revenue, the market
for rotary blade drones is expected to register a CAGR of over 55% during the
next six years.
Further
key findings from the report suggest:
• Commercial drones offer an elevated
panoramic view for collecting facts, which contribute enormously in monitoring
a variety of parameters such as traffic flow and weather
• Demand in agriculture is expected to
exhibit a CAGR of more than 60% over the forecast period. The use of UAVs is
enabling farmers to shift from traditional farming activities to precision agriculture
• Drone usage trends vary across the
regions depending on the relative adoption by different industries. Delivery
and logistics is one of the fastest growing end use segments
• Increased investment in R&D
activities is expected to open significant opportunities for companies
specializing in the development of advanced commercial drones. New age drones
are also expected to showcase artificial intelligence and machine vision
capabilities for applications such as image recognition
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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