The global commercial drones market size is expected grow from $ 1.58 billion in 2021 to $1.78 billion in 2022 at a compound annual growth rate (CAGR) of 12.5%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The commercial drone market is expected to reach $2.74 billion in 2026 at a CAGR of 11.4%.
What is the Global Commercial Drones Market?
The commercial drones market consists of sales of commercial drones. These multi-functional flying devices are used by entities to collect and consolidate data, conduct safety, and security checks and inspections. This market mainly comprises fixed-wing drones, rotary blade drones, and hybrid wing drones supported by a variety of services and used for a variety of applications.
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What drives the Global Commercial Drones Market?
Commercial drones are being considered by companies that have last-mile delivery as the main business process. The drones will help reduce cost per delivery and delivery time, thus increasing profits. Therefore, increasing the growth of the commercial drone market. According to a McKinsey report, if companies save 40% of their delivery costs using drones, then they will enjoy a 15-20% increase in their profit margin and a 15-20% decrease in their product or service prices.
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Global Commercial Drones Market Segments
The global commercial drones market is segmented:
By Type: Fixed Wing Drones, Rotary Blade Drones, Hybrid Drones
By Application: Agriculture and Environment, Media and Entertainment, Energy, Government, Construction and Archaeology, Others
By Technology: Remotely Operated, Semi-Autonomous, Autonomous
By Geography: The regions covered in the commercial drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Commercial Drones Global Market Report 2022provides market size and growth forecasts for the global commercial drones market, global commercial drones market share, commercial drones market segments and geographies, commercial drones market competitive landscape including leading competitors’ revenues, profiles and market shares. The commercial drones market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Commercial Drones Industry Playersinclude DJI, Parrot SA, Aerovironmen, PrecisionHawk, Draganfly, 3D Robotics, AsTec, XAIRCRAFT, ZeroTech, and Yamaha. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
