Global Commercial Drone Market By Product Type (Fixed wing, Rotary blade, Nano, Hybrid), By Application (Agriculture, Energy, Government, Media & Entertainment, Product Delivery & others), Industry trends, estimation & forecast, 2016 - 2024
Global Commercial Drone Market By Product Type (Fixed wing, Rotary blade, Nano, Hybrid), By Application (Agriculture, Energy, Government, Media & Entertainment, Product Delivery & others), Industry trends, estimation & forecast, 2016 – 2024
Global commercial drone market accounted at $1,002 million in 2016 and is expected to reach a market size of $3,551 Million by 2024, with growing at a CAGR of 17.5% during the forecast period. The government sector was the highest revenue generating market in 2016.
Unmanned aerial vehicles (UAV) are usually known as Drones. UAV’s can be operated by an onboard or ground based control unit. Remote controlling is key features of drones and can be used in variety of applications such as, government, media & entertainment, and security. Traditionally UAV’s were used for specifically military purposes. However, technological advancement and reduction in per unit cost of drone promoted its application in various sector and boosted the global commercial drones market.
MARKET DYNAMICS
Versatile nature of UAV and wide range of applications in diverse fields such aerial photography and safety & surveillance are key factors boosting the growth of commercial drones market across the globe. The enhanced quality of captured images & videos is also one of the major factors influencing the growth of global drones market. However, the security breaches by UAV’s and government regulations regarding the drone usage are some of the factors which are expected to restrain the market for further growth. Ascending trend for high-quality video and image resolution capability of commercial drones is supposed to drive the market in future. Evolving services like inspecting power lines and pipelines, counting wildlife, delivering medical supplies to remote or otherwise inaccessible regions will be the future opportunities for the Commercial Drone Market.
COMPETITIVE LANDSCAPE
The market is identified by its growth stage and presence of new emerging vendors. The market is expected to grow exponentially with booming CAGR. New technological innovations is the key strategy adopted by the market leaders to expand their reach into the market. For instance, SZ DJI Technology Co., Ltd improved its security measure with new software on August 2017.
MARKET SEGMENTATION
Commercial drones market is segmented on the basis of Type, Application, and Region. By type, global commercial drones market is further segmented on fixed wing drones, Rotary blade drones, Nano drones, and Hybrid drones. Rotary blade drone type is found to be the leading revenue generator, earning revenue of approx. $591 Million in 2016. Applications of the commercial drones are further segmented into Agriculture, Energy Sector, Government sector, Media and Entertainment, and others. The global commercial drones market is divided into North America, Europe, Asia- Pacific, and Rest of the world on the basis of geography. North America is expected to be the leading market in terms of revenue and growing CAGR of 16.8 % during the forecasted period of 2016-2024.
Key Market Players are, SC DJI Innovations Co, Ltd., Yuneec, Parrot SA., Aerovironment Inc.,Ehang, Aeryon Labs, Inc., Airware, Sensefly, 3D Robotics and INSITU.
The market is segmented on the basis of Type, Application, component and Geography.
By Type
Global commercial drone market accounted at $1,002 million in 2016 and is expected to reach a market size of $3,551 Million by 2024, with growing at a CAGR of 17.5% during the forecast period. The government sector was the highest revenue generating market in 2016.
Unmanned aerial vehicles (UAV) are usually known as Drones. UAV’s can be operated by an onboard or ground based control unit. Remote controlling is key features of drones and can be used in variety of applications such as, government, media & entertainment, and security. Traditionally UAV’s were used for specifically military purposes. However, technological advancement and reduction in per unit cost of drone promoted its application in various sector and boosted the global commercial drones market.
MARKET DYNAMICS
Versatile nature of UAV and wide range of applications in diverse fields such aerial photography and safety & surveillance are key factors boosting the growth of commercial drones market across the globe. The enhanced quality of captured images & videos is also one of the major factors influencing the growth of global drones market. However, the security breaches by UAV’s and government regulations regarding the drone usage are some of the factors which are expected to restrain the market for further growth. Ascending trend for high-quality video and image resolution capability of commercial drones is supposed to drive the market in future. Evolving services like inspecting power lines and pipelines, counting wildlife, delivering medical supplies to remote or otherwise inaccessible regions will be the future opportunities for the Commercial Drone Market.
COMPETITIVE LANDSCAPE
The market is identified by its growth stage and presence of new emerging vendors. The market is expected to grow exponentially with booming CAGR. New technological innovations is the key strategy adopted by the market leaders to expand their reach into the market. For instance, SZ DJI Technology Co., Ltd improved its security measure with new software on August 2017.
MARKET SEGMENTATION
Commercial drones market is segmented on the basis of Type, Application, and Region. By type, global commercial drones market is further segmented on fixed wing drones, Rotary blade drones, Nano drones, and Hybrid drones. Rotary blade drone type is found to be the leading revenue generator, earning revenue of approx. $591 Million in 2016. Applications of the commercial drones are further segmented into Agriculture, Energy Sector, Government sector, Media and Entertainment, and others. The global commercial drones market is divided into North America, Europe, Asia- Pacific, and Rest of the world on the basis of geography. North America is expected to be the leading market in terms of revenue and growing CAGR of 16.8 % during the forecasted period of 2016-2024.
Key Market Players are, SC DJI Innovations Co, Ltd., Yuneec, Parrot SA., Aerovironment Inc.,Ehang, Aeryon Labs, Inc., Airware, Sensefly, 3D Robotics and INSITU.
The market is segmented on the basis of Type, Application, component and Geography.
By Type
- Rotary blade drones
- Fixed wing drones
- Hybrid drones
- Nano drones
- Energy Sector
- Agriculture
- Media & Entertainment
- Government
- Others
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of APAC
- Rest of World
- Latin America
- Middle East
- Africa
- 3D ROBOTICS, INC.
- AEROVIRONMENT, INC.
- AERYON LABS INC.
- AIRWARE
- EHANG
- INSITU INC.
- PARROT SA
- SENSEFLY SA
- YUNEEC INTERNATIONAL CO. LTD.
- SZ DJI TECHNOLOGY CO., LTD.
CHAPTER 1.INTRODUCTION
1.1. RESEARCH METHODOLOGY
1.1.1. Secondary research
1.1.2. Primary research
1.1.3. ERC tools and models
1.2. REPORT OVERVIEW
CHAPTER 2. MARKET OVERVIEW
2.1. MARKET SUMMARY
2.2. VALUE CHAIN ANALYSIS
2.3. PORTER’S FIVE FORCES MODEL
2.3.1. Suppliers having low bargaining power
2.3.2. Buyers have moderate bargaining power
2.3.3. Threat of substitute is low
2.3.4. Threat of new entrants is moderate
2.3.5. Competitive rivalry is high
2.4. MARKET PLAYER POSITIONING
2.5. INVESTMENT OPPORTUNITIES
2.6. STRATEGIES AT A GLANCE
2.6.1. Product launch
2.6.2. Expansion
2.6.3. Others
2.7. MARKET DETERMINANTS
2.7.1. Drivers
2.7.1.1. Demand for advanced aerial photography, cinematography and event managements
2.7.1.2. Need of public and government sector improvisation
2.7.1.3. Requirement for technical enhancement in Surveying and Mapping
2.7.1.4. Extensive need of Agriculture and Precision Farming
2.7.2. Restraints
2.7.2.1. Strict Rules and Regulations
2.7.2.2. Public acceptance and privacy issues
2.7.2.3. Missuse of Drone Technology
2.7.3. Opportunities
2.7.3.1. Increasing demand for humanless jobs
CHAPTER 3. GLOBAL COMMERCIAL DRONE MARKET BY TYPE
3.1. INTRODUCTION
3.1.1. Global commercial drone market by type, 2016 – 2024
3.2. ROTARY WING DRONES
3.2.1. Current Market Trends
3.2.2. Growth and Opportunities
3.2.3. Rotary wings drones market revenue, 2016-2024
3.3. FIXED WING DRONES
3.3.1. Current market trends
3.3.2. Growth and opportunities
3.3.3. Fixed wing drones market revenue, 2016-2024
3.4. HYBRID DRONES
3.4.1. Current market trends
3.4.2. Growth and opportunities
3.4.3. Hybrid drones market revenue, 2016-2024
3.5. NANO DRONES
3.5.1. Current market trends
3.5.2. Growth and opportunities
3.5.3. Nano drones revenue market, 2016-2024
CHAPTER 4. GLOBAL COMMERCIAL DRONE MARKET BY APPLICATION
4.1. INTRODUCTION
4.2. GLOBAL COMMERCIAL DRONE MARKET BY APPLICATION, 2016-2024
4.3. ENERGY SECTOR
4.3.1. Current market trends
4.3.2. Growth and opportunities
4.3.3. Energy sector market revenue by region, 2016-2024
4.4. AGRICULTURE
4.4.1. Current market trends
4.4.2. Growth and opportunities
4.4.3. Agriculture market revenue by region, 2016-2024
4.5. MEDIA AND ENTERTAINMENT
4.5.1. Current Market Trends
4.5.2. Growth and Opportunities
4.5.3. Media and entertainment market revenue, 2016 – 2024
4.6. GOVERNMENT SECTOR
4.6.1. Current Market Trends
4.6.2. Growth and Opportunities
4.6.3. Government sector market revenue, 2016-2024
4.7. CONSTRUCTION, ARCHEOLOGY AND OTHERS
4.7.1. Current Market Trends
4.7.2. Growth and Opportunities
4.7.3. Construction, archaeology, and others Market revenue, 2016-2024
CHAPTER 5. GLOBAL COMMERCIAL DRONE MARKET BY GEOGRAPHY
5.1. INTRODUCTION
5.2. GLOBAL COMMERCIAL DRONE MARKET BY GEOGRAPHY
5.3. NORTH AMERICA
5.3.1. North America commercial drones market revenue by type, 2016-2024
5.3.1.1. North America rotary blade market by type, 2016-2024
5.3.1.2. North America fixed blade market by type, 2016-2024
5.3.2. North America commercial drones market revenue by application, 2016-2024
5.3.3. North America commercial drones market revenue by country, 2016-2024
5.3.4. United states
5.3.5. Canada
5.3.6. Mexico
5.4. EUROPE
5.4.1. Europe commercial drones market revenue by type, 2016-2024
5.4.1.1. Europe rotary blade market by type, 2016 – 2024
5.4.1.2. Europe fixed blade market by type, 2016 – 2024
5.4.2. Europe commercial drones market revenue by application, 2016-2024
5.4.3. Europe commercial drones market revenue by country, 2016-2024
5.4.4. United Kingdom
5.4.5. France
5.4.6. Italy
5.4.7. Germany
5.4.8. Rest of Europe
5.5. ASIA-PACIFIC
5.5.1. APAC commercial drones market revenue by type, 2016-2024
5.5.1.1. APAC rotary blade market by type, 2016 – 2024
5.5.1.2. APAC fixed blade market by type, 2016 – 2024
5.5.2. APAC commercial drones market revenue by application, 2016-2024
5.5.3. APAC commercial drones market revenue by country, 2016-2024
5.5.4. China
5.5.5. Japan
5.5.6. India
5.5.7. Australia
5.5.8. Rest of APAC
5.6. REST OF THE WORLD
5.6.1. Rest of the world commercial drones market revenue, 2016-2024
5.6.1.1. ROW rotary blade market by type, 2016 – 2024
5.6.1.2. ROW fixed blade market by type, 2016 – 2024
5.6.2. Rest of the world commercial drones market revenue by application, 2016-2024
5.6.3. Rest of the world commercial drones market revenue by country, 2016-2024
5.6.4. Latin America
5.6.5. Middle-East
5.6.6. Africa
CHAPTER 6. COMPANY PROFILES
6.1. SZ DJI TECHNOLOGY CO., LTD.
6.1.1. Company Overview
6.1.2. Company Snapshot
6.1.3. Business Overview
6.1.4. Strategic Attempts
6.2. YUNEEC INTERNATIONAL CO. LTD.
6.2.1. Company Overview
6.2.2. Company Snapshot
6.2.3. Business Overview
6.2.4. Strategic Attempts
6.3. PARROT SA
6.3.1. Company Overview
6.3.2. Company Snapshot
6.3.3. Business Overview
6.3.4. Strategic Attempts
6.4. AEROVIRONMENT, INC.
6.4.1. Company OVERVIEW
6.4.2. COMPANY SNAPSHOT
6.4.3. Business Overview
6.4.4. Strategic Attempt
6.5. EHANG
6.5.1. Company Overview
6.5.2. Company Snapshot
6.5.3. Business Overview
6.5.4. Strategic Attempts
6.6. AERYON LABS INC.
6.6.1. Company Overview
6.6.2. Company Snapshot
6.6.3. Business Overview
6.6.4. Strategic Attempts
6.7. AIRWARE
6.7.1. Company Overview
6.7.2. Company Snapshot
6.7.3. Business Overview
6.7.4. Strategic Attempts
6.8. SENSEFLY SA
6.8.1. Company Overview
6.8.2. Company Snapshot
6.8.3. Business Overview
6.8.4. Strategic Attempts
6.9. 3D ROBOTICS, INC.
6.9.1. Company Overview
6.9.2. Company Snapshot
6.9.3. Business Overview
6.9.4. Strategic Attempts
6.10. INSITU INC.
6.10.1. Company Overview
6.10.2. Company Snapshot
6.10.3. Business Overview
6.10.4. Strategic Attempts
1.1. RESEARCH METHODOLOGY
1.1.1. Secondary research
1.1.2. Primary research
1.1.3. ERC tools and models
1.2. REPORT OVERVIEW
CHAPTER 2. MARKET OVERVIEW
2.1. MARKET SUMMARY
2.2. VALUE CHAIN ANALYSIS
2.3. PORTER’S FIVE FORCES MODEL
2.3.1. Suppliers having low bargaining power
2.3.2. Buyers have moderate bargaining power
2.3.3. Threat of substitute is low
2.3.4. Threat of new entrants is moderate
2.3.5. Competitive rivalry is high
2.4. MARKET PLAYER POSITIONING
2.5. INVESTMENT OPPORTUNITIES
2.6. STRATEGIES AT A GLANCE
2.6.1. Product launch
2.6.2. Expansion
2.6.3. Others
2.7. MARKET DETERMINANTS
2.7.1. Drivers
2.7.1.1. Demand for advanced aerial photography, cinematography and event managements
2.7.1.2. Need of public and government sector improvisation
2.7.1.3. Requirement for technical enhancement in Surveying and Mapping
2.7.1.4. Extensive need of Agriculture and Precision Farming
2.7.2. Restraints
2.7.2.1. Strict Rules and Regulations
2.7.2.2. Public acceptance and privacy issues
2.7.2.3. Missuse of Drone Technology
2.7.3. Opportunities
2.7.3.1. Increasing demand for humanless jobs
CHAPTER 3. GLOBAL COMMERCIAL DRONE MARKET BY TYPE
3.1. INTRODUCTION
3.1.1. Global commercial drone market by type, 2016 – 2024
3.2. ROTARY WING DRONES
3.2.1. Current Market Trends
3.2.2. Growth and Opportunities
3.2.3. Rotary wings drones market revenue, 2016-2024
3.3. FIXED WING DRONES
3.3.1. Current market trends
3.3.2. Growth and opportunities
3.3.3. Fixed wing drones market revenue, 2016-2024
3.4. HYBRID DRONES
3.4.1. Current market trends
3.4.2. Growth and opportunities
3.4.3. Hybrid drones market revenue, 2016-2024
3.5. NANO DRONES
3.5.1. Current market trends
3.5.2. Growth and opportunities
3.5.3. Nano drones revenue market, 2016-2024
CHAPTER 4. GLOBAL COMMERCIAL DRONE MARKET BY APPLICATION
4.1. INTRODUCTION
4.2. GLOBAL COMMERCIAL DRONE MARKET BY APPLICATION, 2016-2024
4.3. ENERGY SECTOR
4.3.1. Current market trends
4.3.2. Growth and opportunities
4.3.3. Energy sector market revenue by region, 2016-2024
4.4. AGRICULTURE
4.4.1. Current market trends
4.4.2. Growth and opportunities
4.4.3. Agriculture market revenue by region, 2016-2024
4.5. MEDIA AND ENTERTAINMENT
4.5.1. Current Market Trends
4.5.2. Growth and Opportunities
4.5.3. Media and entertainment market revenue, 2016 – 2024
4.6. GOVERNMENT SECTOR
4.6.1. Current Market Trends
4.6.2. Growth and Opportunities
4.6.3. Government sector market revenue, 2016-2024
4.7. CONSTRUCTION, ARCHEOLOGY AND OTHERS
4.7.1. Current Market Trends
4.7.2. Growth and Opportunities
4.7.3. Construction, archaeology, and others Market revenue, 2016-2024
CHAPTER 5. GLOBAL COMMERCIAL DRONE MARKET BY GEOGRAPHY
5.1. INTRODUCTION
5.2. GLOBAL COMMERCIAL DRONE MARKET BY GEOGRAPHY
5.3. NORTH AMERICA
5.3.1. North America commercial drones market revenue by type, 2016-2024
5.3.1.1. North America rotary blade market by type, 2016-2024
5.3.1.2. North America fixed blade market by type, 2016-2024
5.3.2. North America commercial drones market revenue by application, 2016-2024
5.3.3. North America commercial drones market revenue by country, 2016-2024
5.3.4. United states
5.3.5. Canada
5.3.6. Mexico
5.4. EUROPE
5.4.1. Europe commercial drones market revenue by type, 2016-2024
5.4.1.1. Europe rotary blade market by type, 2016 – 2024
5.4.1.2. Europe fixed blade market by type, 2016 – 2024
5.4.2. Europe commercial drones market revenue by application, 2016-2024
5.4.3. Europe commercial drones market revenue by country, 2016-2024
5.4.4. United Kingdom
5.4.5. France
5.4.6. Italy
5.4.7. Germany
5.4.8. Rest of Europe
5.5. ASIA-PACIFIC
5.5.1. APAC commercial drones market revenue by type, 2016-2024
5.5.1.1. APAC rotary blade market by type, 2016 – 2024
5.5.1.2. APAC fixed blade market by type, 2016 – 2024
5.5.2. APAC commercial drones market revenue by application, 2016-2024
5.5.3. APAC commercial drones market revenue by country, 2016-2024
5.5.4. China
5.5.5. Japan
5.5.6. India
5.5.7. Australia
5.5.8. Rest of APAC
5.6. REST OF THE WORLD
5.6.1. Rest of the world commercial drones market revenue, 2016-2024
5.6.1.1. ROW rotary blade market by type, 2016 – 2024
5.6.1.2. ROW fixed blade market by type, 2016 – 2024
5.6.2. Rest of the world commercial drones market revenue by application, 2016-2024
5.6.3. Rest of the world commercial drones market revenue by country, 2016-2024
5.6.4. Latin America
5.6.5. Middle-East
5.6.6. Africa
CHAPTER 6. COMPANY PROFILES
6.1. SZ DJI TECHNOLOGY CO., LTD.
6.1.1. Company Overview
6.1.2. Company Snapshot
6.1.3. Business Overview
6.1.4. Strategic Attempts
6.2. YUNEEC INTERNATIONAL CO. LTD.
6.2.1. Company Overview
6.2.2. Company Snapshot
6.2.3. Business Overview
6.2.4. Strategic Attempts
6.3. PARROT SA
6.3.1. Company Overview
6.3.2. Company Snapshot
6.3.3. Business Overview
6.3.4. Strategic Attempts
6.4. AEROVIRONMENT, INC.
6.4.1. Company OVERVIEW
6.4.2. COMPANY SNAPSHOT
6.4.3. Business Overview
6.4.4. Strategic Attempt
6.5. EHANG
6.5.1. Company Overview
6.5.2. Company Snapshot
6.5.3. Business Overview
6.5.4. Strategic Attempts
6.6. AERYON LABS INC.
6.6.1. Company Overview
6.6.2. Company Snapshot
6.6.3. Business Overview
6.6.4. Strategic Attempts
6.7. AIRWARE
6.7.1. Company Overview
6.7.2. Company Snapshot
6.7.3. Business Overview
6.7.4. Strategic Attempts
6.8. SENSEFLY SA
6.8.1. Company Overview
6.8.2. Company Snapshot
6.8.3. Business Overview
6.8.4. Strategic Attempts
6.9. 3D ROBOTICS, INC.
6.9.1. Company Overview
6.9.2. Company Snapshot
6.9.3. Business Overview
6.9.4. Strategic Attempts
6.10. INSITU INC.
6.10.1. Company Overview
6.10.2. Company Snapshot
6.10.3. Business Overview
6.10.4. Strategic Attempts
