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Commercial Drone Market To 2022– Market Share, Growth, Trends: Grand View Research, Inc.

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The global commercial drone market size is expected to reach USD 2.07 billion by 2022, according to a new report by Grand View Research, Inc. Increased utility in law enforcement and agricultural applications is expected to play a pivotal role in ma
Commercial Drone Market Worth $2.07 Billion By 2022
The global commercial drone market size is expected to reach USD 2.07 billion by 2022,
according to a new report by Grand View Research, Inc. Increased utility in law enforcement and
agricultural applications is expected to play a pivotal role in market growth over the forecast
period. Having made their presence felt in the military sector, these Unmanned Aerial Vehicles
(UAVs) have gradually gained prominence in the commercial sector and are foreseen to surpass
the growth observed in the former.
Prominent retailers and e-commerce players have experimented the use of drones to deliver
packages to consumers in a much shorter duration as compared to the traditional delivery media.
The use of drones for retail is pending government approval, particularly in the U.S. Once
regulatory clearance is obtained, drones are expected to revolutionize the retail sector.
View summary of this report @ http://www.grandviewresearch.com/industryanalysis/global-commercial-drones-market
U.S. commercial drone market, by application, 2012-2022 (USD Million)
Request free sample of this Report @ http://www.grandviewresearch.com/industryanalysis/global-commercial-drones-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Commercial drones - Industry snapshot and key buying criteria, 2012 - 2022
Chapter 3. Commercial Drones Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Commercial drones value chain analysis
3.3.1. Vendor landscape
3.4. Commercial drones technology roadmap
3.5. Commercial drones market dynamics
3.5.1. Market driver analysis
3.5.1.1. Technological proliferation
3.5.1.2. Escalating demands from applications
3.5.1.3. Effective adoption of drones for law enforcements
3.5.2. Market restraint analysis
3.5.2.1. Stringent government regulations
3.5.2.2. Scarcity of trained pilots
3.5.2.3. Air traffic management and security and safety issues
3.6. Key opportunities prioritized
3.7. Industry analysis - Porter's
3.8. Commercial drones - Key competitor analysis, 2014
3.8.1. Company strategy overview
3.9. Commercial drones market PESTEL analysis, 2014
Chapter 4. Commercial Drones Product Outlook
4.1. Fixed wing drones
4.1.1. Global market estimates and forecasts, 2012 - 2022
4.2. Rotary blade drones
4.2.1. Global market estimates and forecasts, 2012 - 2022
4.3. Nano drones
4.3.1. Global market estimates and forecasts, 2012 - 2022
4.4. Hybrid drones
4.4.1. Global market estimates and forecasts, 2012 - 2022
Chapter 5. Commercial Drones Application Outlook
5.1. Agriculture
5.1.1. Global market estimates and forecasts, 2012 - 2022
5.2. Energy
5.2.1. Global market estimates and forecasts, 2012 - 2022
5.3. Government
5.3.1. Global market estimates and forecasts, 2012 - 2022
5.4. Media & entertainment
5.4.1. Global market estimates and forecasts, 2012 - 2022
5.5. Others
5.5.1. Global market estimates and forecasts, 2012 - 2022
Chapter 6. Commercial Drones Regional Outlook
6.1. North America
6.1.1. Commercial drones market by product, 2012 - 2022
6.1.2. Commercial drones market by application, 2012 - 2022
6.1.3. U.S.
6.1.3.1. Commercial drones market by product, 2012 - 2022
6.1.3.2. Commercial drones market by application, 2012 - 2022
6.1.4. Canada
6.1.4.1. Commercial drones market by product, 2012 - 2022
6.1.4.2. Commercial drones market by application, 2012 - 2022
6.2. Europe
6.2.1. Commercial drones market by product, 2012 - 2022
6.2.2. Commercial drones market by application, 2012 - 2022
6.2.3. Germany
6.2.3.1. Commercial drones market by product, 2012 - 2022
6.2.3.2. Commercial drones market by application, 2012 - 2022
6.2.4. UK
6.2.4.1. Commercial drones market by product, 2012 - 2022
6.2.4.2. Commercial drones market by application, 2012 - 2022
6.3. Asia Pacific
6.3.1. Commercial drones market by product, 2012 - 2022
6.3.2. Commercial drones market by application, 2012 - 2022
6.3.3. China
6.3.3.1. Commercial drones market by product, 2012 - 2022
6.3.3.2. Commercial drones market by application, 2012 - 2022
6.3.4. Japan
6.3.4.1. Commercial drones market by product, 2012 - 2022
6.3.4.2. Commercial drones market by application, 2012 - 2022
6.4. Latin America
6.4.1. Commercial drones market by product, 2012 - 2022
6.4.2. Commercial drones market by application2012 - 2022
6.5. MEA
6.5.1. Commercial drones market by product, 2012 - 2022
6.5.2. Commercial drones market by application, 2012 - 2022
Chapter 7. Competitive Landscape
7.1. AeroVironment Inc.
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. Aurora Flight
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. BAE Systems PLC
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Challis Heliplane UAV Inc.
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. Denel Dynamics
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. DJI Innovations
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Draganfly
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Elbit Systems Ltd.
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. General Atomics
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Strategic Initiatives
7.10. General Dynamics Corporation
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives
7.11. Israel Aerospace Industries
7.11.1. Company Overview
7.11.2. Financial Performance
7.11.3. Product Benchmarking
7.11.4. Strategic Initiatives
7.12. Lockheed Martin Corporation
7.12.1. Company Overview
7.12.2. Financial Performance
7.12.3. Product Benchmarking
7.12.4. Strategic Initiatives
7.13. Northrop Grumman
7.13.1. Company Overview
7.13.2. Financial Performance
7.13.3. Product Benchmarking
7.13.4. Strategic Initiatives
7.14. Parrot SA
7.14.1. Company Overview
7.14.2. Financial Performance
7.14.3. Product Benchmarking
7.14.4. Strategic Initiatives
7.15. Prox Dynamics AS
7.15.1. Company Overview
7.15.2. Financial Performance
7.15.3. Product Benchmarking
7.15.4. Strategic Initiatives
7.16. SAIC
7.16.1. Company Overview
7.16.2. Financial Performance
7.16.3. Product Benchmarking
7.16.4. Strategic Initiatives
7.17. Textron Inc.
7.17.1. Company Overview
7.17.2. Financial Performance
7.17.3. Product Benchmarking
7.17.4. Strategic Initiatives
7.18. Thales Group
7.18.1. Company Overview
7.18.2. Financial Performance
7.18.3. Product Benchmarking
7.18.4. Strategic Initiatives
7.19. The Boeing Company
7.19.1. Company Overview
7.19.2. Financial Performance
7.19.3. Product Benchmarking
7.19.4. Strategic Initiatives
7.20. Turkish Aerospace Industries Inc.
7.20.1 Company Overview
7.20.2 Financial Performance
7.20.3 Product Benchmarking
7.20.4 Strategic Initiatives
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Further key findings from the study suggest:
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Government applications which include law enforcement, infrastructure, and research &
development contributed to over 40% of the market revenue in 2014. Commercial drones
have garnered importance in search and rescue missions, scientific research, and
mapping. Agriculture is expected to emerge as a lucrative application sector over the
forecast period. These UAVs aid farmers by taking snapshots of a vast array of fields and
providing crucial data pertaining to soil and crops, thereby assisting in crop management.
Use of UAVs in retail is expected to transform the industry dynamics and is foreseen to
positively shape market growth.
Rotary blade drone accounted for over 75% of the market share in 2014. Its popularity
can be attributed to the fact that it is capable of flying in every direction as well as
hovering in a fixed position, which its fixed wing counterparts cannot achieve. Fixed
wing drone is more suited for aerial mapping, undertaking topographic surveys, and
terrain modeling of larger areas which include stockpiles & mine sites.
North America contributed to over 55% of the global revenue in 2014, which can be
attributed to high production and increased use in law enforcement and agricultural
activities. The regulatory scenario is Europe is more conducive to market growth as
opposed to the U.S., which is expected to play a pivotal role in high penetration of
commercial drones in Europe. Asia Pacific stands to witness high proliferation of
commercial UAVs over the forecast period. Countries such as Japan and Australia have
emphasized on the use of UAVs in agriculture.
Key market participants include Parrot SA, The Boeing Company, Textron Inc., Northrop
Grumman, Lockheed Martin Corporation, Israel Aerospace Industries, General Atomics,
Elbit Systems Ltd., DJI, BAE Systems PLC, and AeroVironment Inc. Strategic alliances
with government agencies and collaborations with prominent technology providers are
some of the strategic steps taken by market players to gain a foothold in the industry.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-theshelf, customized research reports and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and energy. With a deepseated understanding of varied business environments, Grand View Research provides strategic
objective insights.
Contact:
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Grand View Research, Inc.
United States
Phone: 1-415-349-0058
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Email: [email protected]
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