Commercial Drone Market Growth & Trends
The global commercial drone market size is anticipated to reach USD 501.4 billion by 2028, registering a CAGR of 57.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The rising demand for commercial drones can be attributed to the growing application base across a wide range of end-use verticals, including real estate and construction, media and entertainment, and agriculture. Majority of the end-use verticals that involve a high proportion of operational processes are expected to experience substantial productivity gains from drone usage owing to the automation of business operations.
UAVs or drones are reinventing old businesses and even creating new prospects. In 2016, the Federal Aviation Administration (FAA) released regulations related to the usage of commercial drones that clarified the legal landscape for businesses and workers. Since then, the industrial applications of commercial drones have significantly increased. Drones are expected to emerge as versatile tools, which can transform the existing business operations and help to establish new startups.
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The prominent industry players are involved in the manufacturing as well as supply of accessories required for drone operation. Additionally, they provide applications for Android/iOS-based smartphones and tablets to efficiently operate and maneuver the drones during flight. These manufacturers offer drones for various verticals, such as security & law enforcement, energy, agricultural, retail, media, and entertainment.
Commercial Drone Market Report Highlights
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Commercial Drone Market Segmentation
Grand View Research has segmented the global commercial drone market based on product, application, end-use, and region:
Commercial Drone Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 – 2028)
Commercial Drone Application Outlook (Revenue, USD Million, 2016 – 2028)
Commercial Drone End-use Outlook (Revenue, USD Million, 2016 – 2028)
Commercial Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 – 2028)
List of Key Players in the Commercial Drone Market
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About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
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