Commercial Drones Market to witness humongous growth of USD 44,850.06 Mn | Market Analysis 2023-2027
The rise in funding for Unmanned Aerial Vehicle (UAV) manufacturers and an increase in legal acceptance of drone operations for commercial applications followed by the increasing application of drones is shaping the Commercial Drone Market across the world. It is estimated commercial drone market will reach USD 44,850.06 million in revenue between 2022 and 2027 accelerating at a compound annual growth rate (CAGR) of 38.97%.
Navigating through the emerging Trends that will impact market growth of the Commercial Drones Market: Lithium-metal batteries are a key trend influencing the Commercial Drones Market as an alternative to lithium-ion batteries, as they use a non-flammable electrolyte, compact in size, and enable drones to operate for longer flight times. Our research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Navigating through the Top Drivers to Boost Demand for Commercial Drones Market: Technological advances have made the rising application of drones, in various fields such as agriculture, construction, mapping, logistics, and surveillance, etc which is one of the key factors driving the growth of the commercial drone market.
"In September 2020, Zipline International Inc.(Zipline) partnered with Walmart Inc. (Walmart) for commercial drone delivery services in the US. Companies, like DHL International GmbH and Amazon.com Inc. (Amazon), also have plans to adopt drone delivery services."
Some of the prominent companies worth mentioning are AeroTargets International LLC, AeroVironment Inc., Anadrone Systems Pvt. Ltd., Arc Sky LLC, DELAIR SAS, Denel SOC Ltd., Draganfly Inc., Field Group AS, Geotech Environmental Equipment Inc., Guangzhou EHang Intelligent Technology Co. Ltd,iFlight Innovation Technology Ltd., Intel Corp., etc that comes with a wide range of service and offerings.
Organizations like Autel Robotics Co. Ltd. offer commercial drones such as EVO II Enterprise V3, EVO II 640T Enterprise V3, and EVO II Pro Enterprise V3. Our report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem.
Technavio's report provides a detailed study of all the factors that are likely to boost the market, this analysis will enable clients to leverage growth opportunities to their advantage and set their business. Request for a sample report on Commercial Drones Market.
Commercial Drones Market Highlights of the Report for 2023-2027