Improving
regulatory framework and increasing number of exemptions being granted for
expanding applications for drones to drive commercial drone market over next
five years
According to TechSci
Research report, “Global Commercial Drone Market By Drone Type,
By Application, By Region, Competition Forecast and Opportunities, 2011-2021”,
rotary blade drone segment dominated the global commercial drone market in 2015,
on account of its various technical features and benefits that enable these
drones to perform intensely in photography, mapping, oil & gas sector and
mining industry. Moreover, continuing growth of the global mining market, which was valued at around USD1.5
trillion in 2015 and is projected to grow at a CAGR of over 7% during 2016-2021,
is expected to further boost the prospects of commercial utilization of drones in
the mining sector over the next five years. Rotary blade drones are designed
to fly in all directions as well as hover at a fixed position. In 2015, these
drone types accounted for a market share of over 75% in the global commercial
drone market, due to their versatility and increasing application areas. Commercial
drone market is projected to grow at a CAGR of 27% till 2021, with North
America anticipated to continue its dominance as the largest commercial drone
market through 2021.
Browse
17 market data Tables and 53 Figures spread through 250
Pages and an in-depth TOC on "Global Commercial Drone Market"
Fix wing drone is the other
major drone type, and these drones are being widely used in precision
agriculture and aerial mapping. Precision
farming utilizes several technological advancements such as geo location
tracking, data management, and crop health analysis in order to ensure better
productivity as compared to conventional farming methodology. Higher
profitability and productivity, coupled with expanding global demand for crop
yield are few of the factors poised to drive the global precision agriculture
market at a CAGR of over 11% during 2016-2021, thereby propelling demand for
drones used in the precision agriculture industry.
Customers can also request for 10% free
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In 2016, the global
commercial drone market is anticipated to witness commercialization of nano
drones and hybrid drones, which would use fuel cell technology for increasing fly
time. Several prominent drone manufacturing companies such as DJI, Parrot, 3D
Robotics, PrecisionHawk, Trimble, AeroVironment, etc., intend to expand their
production capacities considering the anticipated growth in the global commercial
drone market over the next five years.
“Expanding applications of
drones in various commercial applications, rapidly growing approvals being provided
to drone companies by the regulatory authorities such as FAA, coupled with increasing
investments in drone companies are few of the major reasons poised to drive the
global commercial drone market over the next five years. Amongst the four
categories of drones, the rotary blade drone segment is forecast to hold its
position as an undisputed leader over the next five years.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global
Commercial Drone Market By Drone Type, By
Application, By Region, Competition Forecast and Opportunities, 2011-2021” has evaluated the future growth
potential of commercial drone market at global level and provides statistics
and information on market structure, drone applications, policies and
regulations in the global commercial drone market. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyses
emerging trends along with essential drivers, challenges and opportunities
available in global commercial drone market.
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