Global Commercial Drones Market - End-user based Segmentation and Analysis by Technavio
July 07 2017 - 12:03PM
Business Wire
According to the latest market study released by
Technavio, the global commercial drones market is
projected to grow at a CAGR of more than 35% over the forecast
period.
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Technavio has published a new report on
the global commercial drones market from 2017-2021. (Graphic:
Business Wire)
This research report titled ‘Global Commercial Drones Market
2017-2021’ provides an in-depth analysis of the market in terms
of revenue and emerging market trends. This market research report
also includes up to date analysis and forecasts for various market
segments and all geographical regions.
The major drivers of the global commercial drones market
are the improvements in batteries, payload capacities, and
availability of sensors for capturing high-resolution images. The
easing of the regulations regarding the integration of unmanned
aerial vehicles (UAVs) into civilian airspace is expected to boost
the market growth significantly.
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limited time only: View market snapshot before
purchasing
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Based on the end-users, the report categorizes the global
commercial drones market into the following segments:
- Agricultural sector
- Energy and utility sector
- Public safety sector
- Infrastructure sector
- Media and entertainment sector
- Insurance sector
- Others
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The top three revenue-generating end-user segments in the global
commercial drones market are discussed below:
Agricultural sector
“The global commercial drones market by
the agricultural sector is expected to grow consistently during the
forecast period, driven by the growing awareness about the
increased application of these drones in the field of agriculture,
especially in precision farming,” says Raghav Bharadwaj
Shivaswamy, a lead analyst at Technavio for robotics
research.
Vendors involved in making drones specific to the agricultural
sector are constantly innovating the product designs and
technologies to provide emphasis on improving the quality of
images, along with precision in real-time data collection. The fall
of component prices and improvement in stability and reliability,
due to the efficiency of sensors and miniaturization of electrical
components will lead to the entry of more market players.
Energy and utility sector
The drone market for the energy and utility sector comprises
sales of drones that are employed in the inspection of assets, such
as solar panels, pipelines, and turbines by companies in the energy
and utility sector. The market is in the introduction phase and is
expected to gain traction as there is an increase in adoption of
green energy for energy generation.
The forecast period will witness the adoption of drones to
improve the local site and long-range surveying as they are more
cost-effective and increase the timeliness and quality of real-time
information for inspection and maintenance activities. Companies
that have deployed solar panels can now treat each solar panel in
isolation, and provide remedial actions, thereby ensuring optimum
energy production levels.
Public safety sector
“The global commercial drones market by
the public safety sector will gain traction as drones are expected
to be adopted by first response police teams, fire teams, and
regional authorities for enhancing disaster management, law
enforcement, and other such applications,” says Raghav.
Commercial drones will be adopted in the public safety sector to
capitalize on their ability to acquire real-time aerial imaging,
which can be used to improve the allocation of teams involved in
public security. Commercial drones can help government services and
aid agencies to determine areas that require urgent support, and
ensure that the teams and resources are used more efficiently.
The top vendors highlighted by Technavio’s research analysts in
this report are:
- Aeryon Labs
- 3D Robotics
- DJI
- Parrot
- PrecisionHawk
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 630 333 9501UK: +44 208 123 1770www.technavio.com