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.
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.
Related Press Release@ Commercial Drone Market Report
Commercial Drone Market Report
Highlights
- The ability of drones to perform increasingly complex tasks is
likely to improve with advancements in technologies such as collision
avoidance and autonomy
- Commercial drones are anticipated to become a potential alternative
for the logistics activities of companies, helping them increase their
competitive advantage
- Drones are widely being used to inspect power plants, oil and gas,
and other industrial sites to ensure proper operations and safeguard these
sites
- Newer drone-supportive regulations are expected to lower the entry
barriers for startups providing commercial operations of drones
- The advent of drones is set to transform the media industry as it
allows the journalism sector to cover news in areas where human entry is
prohibited
List of Key Players in the Commercial Drone Market
·
DJI
·
Parrot Drones SAS
·
YUNEEC
·
3D Robotics
·
EHANG
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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