Global Commercial Drones Market Size Analysis, 2018-2028

REPORT ID: BKR640Domain: Automotive & TransportPublished Date: April 2018

 

 

Global Commercial Drones Market Size Analysis

The Global Commercial Drones Market Size is estimated to be valued over USD 2.5 billion in 2018 and will register a CAGR of above 18% to create high revenue opportunity during the forecast period. Commercial drones account for just 7% of total drones unit. However, higher cost has led industry to capture over 64% of total sales.

Commercial drones or UAVs (unmanned aerial vehicles) have high market potential and finds its applications across large number of sectors ranging from defense to agriculture sector. Though the market has high potential, there are few barriers restraining its growth to the mainstream use. Aside from the technology development and cost reduction necessary for their widespread employment, questions remain over safety, reliability and regulation.

Global Commercial Drones Market Drivers and Challenges

Advancement in technology has significantly boosted overall growth prospects. Moreover, the industry is expected to rely on product innovation (R&D) over the next 10 years to commercialize the market. As such, companies are spending heavily on R&D, which in turn will create higher incremental opportunity for industry players. Other key global commercial drones market trends that will significantly boost the overall demand are advancement in aerial imagery, air surveillance, and deployment of advanced sensors,

By 2020, it is expected that commercial drones market will witness nearly 20% decline in its prices owing to automation in manufacturing along with easy procurement of raw materials in Asia Pacific. This will significantly boost the overall sales of the product.

Consumer perception towards drones is also changing. Earlier, it was equated with tactical military purpose with higher costs. This has led to slowdown in the industry. Though, in last two years, there has been significant procurement of commercial drones from sectors such as healthcare and agriculture.

As of 2017, total addressable market for commercial drones exceeds US$ 120 billion mark. However, less than 1% is commercialized till now, – leaving aside high market potential. Competition will be fairly low owing to large scale demand. It is expected that demand for commercial drones will gain upward traction post 2020.

Global Commercial Drones Market Analysis, By Product Type

By product type, global Commercial Drones market is segmented into fixed wing, rotary blade, and hybrid and nano type. Rotary blade commercial drones accounted for over 73% of total share in 2017. High usage of drones in aerial surveillance has led to increased demand for rotary blade drones. Nano-type will gain significant traction – registering fatest CAGR during the forecast period.

Global Commercial Drones Market Size Analysis, By Application

By application type, global commercial drones market is analyzed across mining operations, agriculture, energy, government, media and entertainment, healthcare, logistics, and others.

Among applications, government sector will account for maximum share. However, will lose significant market to other emerging applications. As of 2017, commercial drones for government applications accounted for over 77% global share. Logistics sector will register fastest CAGR during the forecast period. Agriculture sector too will register significant growth. Commercial drones could potentially replace technologies such as IoT sensors and will be used to support precision farming especially in china, India and developed regions.

Global Commercial Drones Market Size and Forecast: Regional Analysis

Globally, North America commercial drones market size dominated the sales in 2017. The region accounted for over 55% of global sales in 2017. However, will lose major market share to Asia Pacific by the mid of the forecast period (2023). Much of the sales in the region is concentrated for military purpose.

By 2025, Asia Pacific is expected to gain almost half of the global commercial drones share. China commercial drones market is witnessing a growth rate (CAGR) of above 33% – creating higher revenue opportunity for industry players. Government of China is actively emphasizing on leveraging drones for wide scale military purpose. Moreover, the country is emerging as production hub, wherein start-ups are emerging. According to the government guidelines, the Chinese ministry will promote national unified management of the industry to help foster higher sales in the country.

Global Commercial Drones Market Size and Forecast: Competition Landscape

Some of the key Commercial Drones market industry players are 3D Robotics Inc., DJI, Northrop Grumman, PrecisionHawk, Lockheed Martin, Textron, Parrot, General Atomics Aeronautical Systems, Boeing, AeroVironment, and Thales. DJI is gaining high traction in the market and dominates the China commercial drones market.

Industry Segmentation

By Product Type:

  • Fixed Wing Drones
  • Rotary Blade Drones
  • Hybrid Drones
  • Nano-type Drones

By Application:

  • Mining Operations
  • Precision Agriculture
  • Energy
  • Government and Military Operations
  • Media and Entertainment
  • Healthcare
  • Logistics
  • Others

 What Will You Discover in the Report?

  • An in-depth analysis of the Commercial Drones market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Commercial Drones market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Commercial Drones market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Commercial Drones industry during the forecast period
  • Who are the Commercial Drones industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Commercial Drones Industry Suppliers
  • Commercial Drones Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Commercial Drones market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Commercial Drones Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Commercial Drones Market Value
    • Overall Market Forecast
    • Commercial Drones Growth Outlook, By Segments
    • Commercial Drones Growth Scenario, by Region
  6. The Commercial Drones Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain and Distribution Analysis
    • Growth Factor Analysis
    • Key Industry Players By Region
  7. The Commercial Drones Industry Dynamics
    • Drivers
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition
    • Regulatory Compliances, By Selected Countries
    • Key Industry Developments
  8. The Commercial Drones Market Pricing Analysis
    • Commercial Drones Product Pricing Forecast
    • Pricing Analysis By Region
    • Pricing Trends
  9. Global Commercial Drones Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Industry Predictive Analysis
    • Commercial Drones Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Commercial Drones Market Size and Forecast, (2017-2027)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Commercial Drones Industry Size and Forecast, By Segments
    • By Product
      • Fixed Wing Drones
      • Rotary Blade Drones
      • Hybrid Drones
      • Nano-type Drones
    • By Application
      • Mining Operations
      • Precision Agriculture
      • Energy
      • Government and Military Operations
      • Media and Entertainment
      • Healthcare
      • Logistics
      • Others
  1. North America Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • North America Commercial Drones Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • North America Commercial Drones Market, By Segments (As mentioned in section 10 of TOC)
    • S. Commercial Drones Market Size and Forecast, By Segments
    • Canada Commercial Drones Market Size and Forecast, By Segments
  2. Latin America Commercial Drones Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Latin America (South America) Commercial Drones Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • Latin America Commercial Drones Market, By Segments (As mentioned in section 10 of TOC)
    • Brazil Commercial Drones Market Size and Forecast, By Segments
    • Argentina
    • Mexico
    • Rest of Latin America

(Commercial Drones industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Western Europe Commercial Drones Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Western Europe Commercial Drones Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Western Europe Commercial Drones Market, By Segments (As mentioned in section 10 of TOC)
    • Germany Commercial Drones Market Size and Forecast, By Segments
    • UK
    • France
    • Spain
    • Italy
    • NORDIC
    • Switzerland
    • Rest of Western Europe

(Commercial Drones industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Central and Eastern Europe (CEE) Commercial Drones Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Central and Eastern Europe Commercial Drones Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Central and Eastern Europe Commercial Drones Market, By Segments (As mentioned in section 10 of Commercial Drones Market TOC)
    • Russia Commercial Drones Market Size and Forecast, By Segments
    • Poland
    • Ukraine
    • Rest of CEE

(Commercial Drones industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Asia Pacific Commercial Drones Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Asia Pacific Commercial Drones Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Asia Pacific Commercial Drones Market, By Segments (As mentioned in section 10 of TOC)
    • Japan Commercial Drones Market Size and Forecast, By Segments
    • China
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific

(Commercial Drones industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Middle East Commercial Drones Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Middle East Commercial Drones Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Middle East Commercial Drones Market, By Segments (As mentioned in section 10 of TOC)
    • GCC Commercial Drones Market Size and Forecast, By Segments
    • Israel
    • Rest of Middle East

(Commercial Drones industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Africa Commercial Drones Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Commercial Drones Industry Size and Forecast, (2017-2027)
    • Africa Commercial Drones Industry Share (%)
    • Africa Commercial Drones Industry Growth Forecast (%)
    • South Africa Commercial Drones Market Size and Forecast, By Segments
    • Algeria
    • Nigeria

(Commercial Drones industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Commercial Drones Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • 3D Robotics Inc.
      • DJI
      • Northrop Grumman
      • PrecisionHawk
      • Lockheed Martin
      • Textron
      • Parrot S.A.
      • General Atomics Aeronautical Systems
      • Boeing
      • AeroVironment
      • Thales Group
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies)

To access the detailed Commercial Drones industry TOC and sample research pages, download sample.

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Commercial Drones Market Report Structure

Commercial Drones Industry Dynamics

This section enables Commercial Drones industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Commercial Drones market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Commercial Drones industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Commercial Drones Industry Trends
  • Commercial Drones Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Commercial Drones Industry Experts Market Opinion

Industry Analysis, By Segments

Industry stakeholders receive detailed analysis of the Commercial Drones industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Commercial Drones industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

 

Regional Market Analysis

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Commercial Drones market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

Country Profiles

Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any

North America Commercial Drones Market Size

  • S.
  • Canada

Latin America Commercial Drones Market Size

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

(*Commercial Drones Market value analyzed across each Latin America country)

Western Europe Commercial Drones Market Size

  • Germany
  • UK
  • France
  • Switzerland
  • Spain
  • Italy
  • NORDIC
  • Rest of Western Europe

(*Commercial Drones Market value analyzed across each Western Europe country)

Central and Eastern Europe Commercial Drones Industry Analysis

  • Russia
  • Poland Meat
  • Ukraine Meat
  • Rest of Eastern Europe

(*Commercial Drones Market value analyzed across each Central and Eastern Europe country)

Asia Pacific Commercial Drones Industry Size

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN Meat
  • Rest of Asia Pacific

(*Commercial Drones Market value analyzed across each Asia Pacific country)

Middle East Commercial Drones Industry Size

  • GCC
  • Israel
  • Rest of Middle East

(*Commercial Drones Market value analyzed across each Middle East country)

Africa Commercial Drones Industry Size

  • South Africa
  • Algeria
  • Nigeria
  • Rest of Africa

Commercial Drones Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Commercial Drones Market Growth Forecasting Methodology

In order to prepare historical data and analyze Commercial Drones market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Commercial Drones market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Commercial Drones industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Commercial Drones industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

 

Commercial Drones Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

 

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