Authored By: Sarah
20 Jun 2024

 Commercial Drones Market to grow by USD 126870.9 million between 2024-2028

According to a research report “ Commercial Drones Market” by Product (Software and services, Hardware) End-user (Infrastructure, Media and entertainment, Public safety, Agriculture, Others) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 126870.9 million at a CAGR of  57.74% during the forecast period. The commercial drones market has experienced significant growth, extending beyond defense and military applications. Technological innovations have enabled drones to be utilized in various industries, including agriculture, construction, mapping, and logistics. Notable logistics companies, such as DHL and Amazon, are integrating drone delivery services into their operations, driven by the need for faster and more efficient goods transportation. The increasing traffic congestion and resulting limitations on road delivery have further fueled this trend..

Browse market data tables, figures, and in-depth TOC on “Commercial Drones Market” by Product (Software and services, Hardware) End-user (Infrastructure, Media and entertainment, Public safety, Agriculture, Others) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028.

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By Product, the Software and services segment is projected to dominate the market size in 2024.

The commercial drones market is experiencing significant growth, driven by increasing demand for aerial photography, surveying, and inspection services. Businesses across industries, including construction, agriculture, and energy, are leveraging drone technology to enhance operational efficiency and reduce costs. This trend is expected to continue, with the global commercial drones market projected to reach USD17 billion by 2025.

By End-user, Infrastructure  segment is expected to hold the largest market size for the year 2024.

The commercial drones market is experiencing significant growth, driven by increasing demand for aerial photography, surveying, and inspection services. Businesses across industries, including construction, agriculture, and energy, are leveraging drone technology to enhance operational efficiency and reduce costs. This trend is expected to continue, with the global commercial drones market projected to reach USD17 billion by 2025.

North America is forecasted to hold the largest market size by region in 2024.

The commercial drones market is experiencing significant growth, driven by increasing demand for aerial photography, surveying, and inspection services. Businesses across industries, including construction, agriculture, and energy, are leveraging drone technology to enhance operational efficiency and reduce costs. This trend is expected to continue, with the global commercial drones market projected to reach USD17 billion by 2025.

The Commercial Drones Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Aeronavics
  • AeroTargets International LLC
  • AeroVironment Inc.
  • Anadrone Systems Pvt. Ltd.
  • Arc Sky LLC
  • Autel Robotics Co. Ltd.
  • DELAIR SAS
  • Denel SOC Ltd.
  • Draganfly Inc.
  • Field Group AS
  • Geotech Environmental Equipment Inc.
  • EHang Holdings Ltd.
  • iFlight Innovation Technology Ltd.
  • Intel Corp.
  • Parrot Drones SAS
  • Red Cat Holdings
  • Skydio Inc.
  • Teledyne Technologies Inc.
  • The Boeing Co.
  • Yuneec International Co. Ltd.
.

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Research Analysis Overview

In the dynamic and evolving Commercial Drone Market, innovative technologies such as 3D mapping, oil tank inspection, pipeline surveillance, and photography are revolutionizing various industries. Cloud computing, drone technology, and machine learning are at the forefront of this transformation. The defense sector is leveraging drones for decision-making, equipped with advanced computer vision, middleware, firmware, and flight control systems. In commercial purposes, drones like hexacopters, octocopters, and quadcopters are used for applications ranging from flying assistants and drone waitstaff in public transportation to self-driving taxis and self-charging drones in the energy sector. Hydrogen-powered drones are gaining traction for their environmental awareness. 5G delivery is set to further enhance drone capabilities, while processors and microcontrollers power the computing needs of these advanced aerial vehicles. VAPOR Helicopters and other drone models are being used for aerial photography and pipeline inspections, demonstrating the vast potential of this market. IIT Hyderabad and other research institutions continue to explore the possibilities of this technology, pushing the boundaries of innovation in the field.

Market Research Overview

The Commercial Drones Market encompasses various applications and industries, including the ecommerce sector, agriculture, filmmakers, and the construction sector. Autel Robotics and other flying platform providers offer drone technology for aerial photography, 3D mapping, and inspection activities in commercial spaces. Obstacles such as electrical cables, elevated infrastructure, and unstable roofs necessitate legislations for safe drone operation. In the agriculture sector, drones aid in farm management, yield analysis, and reducing agriculture costs. In the hybrid segment, drones are used for decision-making in the energy sector, pipeline inspection, and oil tank monitoring. Machine Learning and Artificial Intelligence are integral to drone technology, enabling computer vision and middleware for firmware and flight control. The defense sector utilizes drones for security, surveillance, and monitoring, while the technological advances in drones include self-charging, hydrogen-powered, and 5G delivery drones. The VAPOR Helicopter and other commercial drones, such as hexacopters, octocopters, and quadcopters, cater to various commercial purposes. IIT Hyderabad and other institutions contribute to the development of flying assistants, drone waitstaff, and self-driving taxis. Environmental awareness and safety are crucial considerations in the commercial drone market.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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