Commercial
UAV Market study is providing you with the up-to-date,
actionable market information and projections with the latest impact of the
Covid 19 outbreak. It offers all the requisite data to support tactical
business decisions and come up with strategic growth plans. This study also
proposes a comprehensive insight into the development policies and plans in
addition to manufacturing processes and cost structures.
Global Commercial UAV
Market is anticipated to reach USD 2.07 billion by 2022 due to its growing
applications in defense and agricultural sectors. UAVs (Unmanned Aerial
Vehicles) are miniature pilot-free aircrafts controlled by a remote and use
aerodynamics services for aerial functions and navigation. They carry payloads
like parcels, medical supplies, heavy material like fire extinguishers, etc.,
cameras to conduct military and commercial surveillances and perform both
videography and photography.
Commercial UAV market is
driven by factors like constant technological innovation for unmanned aerial
vehicles, increase in demand due to security concerns, growing demands of high
definition satellite pictures and rise in initiatives for research & development.
The technological innovation like enhancements in cameras, mapping software,
specifications of drone, sensory applications are fueling the commercial UAV
industry.
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Most of the times, aerial
services require surveillance in residential areas, which may disturb privacy
of people. Hence, national security and privacy issues are expected to hinder
commercial UAV market growth in the years to come. Moreover, strict regulations
regarding aerial services in countries like U.K and U.S is negatively affecting
the progress of the market of commercial UAV. Wide acceptance of UAV in
different applications require extended regulatory framework that challenges
the market, especially for security reasons.
Commercial UAV industry is
categorized on the basis of type, application, and geography. On the basis of
type, the market is divided into nano drones, rotary blade drones, fixed wing
drones, and hybrid drones. Rotary drones hold larger market share of commercial
UAV owing to its extensive use by professionals for aerial video
surveillance(defense sector) and aerial photography (hobbyists).
Based on application,
commercial UAV market is split into military purpose, monitoring purpose,
surveying and mapping, law enforcement and agriculture. Military segment is
expected to lead the market of commercial UAV since UAVs can effectively reduce
security damage, identify and strike targets, while making it an ideal asset
for defense.
Geographically, commercial
UAV industry is segmented as North America, Europe, Asia Pacific, and RoW.
Owing to the increased application of UAV in residential security, commercial
areas and military purposes, North America is expected to dominate the market.
Moreover, the growing concerns regarding terrorism and security is stimulating
the demand for UAV in emerging countries of Asia Pacific.
The key players in
commercial UAV industry include AeroVironment, Inc., 3D Robotics, Inc., SZ DJI
Technology Co., Ltd., Leptron Unmanned Aircraft Systems, Inc., Trimble Navigation
Ltd., Parrot SA, PrecisionHawk Inc., Aeryon Labs Inc., Yuneec International Co.
Ltd., Insitu Inc., Xiaomi Inc., Sentera, senseFly, Quadrocopter, Dragany
Innovations, LLC, General Electric Co., Identified Technologies, and others.
Despite intense competition among manufacturers, DJI and senseFly sustain top
rankings and gain significant percentage of Drone Deploy users in the market of
commercial UAV.
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