A
new market research report by Transparency Market Research, titled
“Commercial
Drones Market- Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015-2023,” offers a comprehensive overview of
the global commercial drones market. The report points out the key
factors affecting the growth of the market and estimates the growth
and valuation of the market by the end of 2023. The impact of
Porter’s five forces on the growth of the market has been also
analyzed. The report studies the overall market on the basis of
product type, technology, applications, and regions. Profiles of some
of the key market players have been included in the report.
The growing demand for drones across various commercial applications
due to the ability of drones to transfer high resolution images and
video and other surveillance data in real time to base stations will
accelerate the growth of the global commercial drones market. In the
last couple of years, technological advancements including better
data processing capabilities and improved design have further fuelled
the demand for commercial drones. However, stringent government
regulations regarding safety and security issues will inhibit the
growth of the market. Dearth of trained pilots and lack of air
traffic management systems will further undermine the growth of this
market in the coming years. The overall market has a huge opportunity
to grow with increasing use of commercial drones in law enforcement
applications.
In terms of product type, the global commercial drones market has
been categorized into hybrid drone, nano drone, rotary blade drone,
fixed wing drone, and others. According to technology, the market is
further segmented into collision avoidance systems, automation
systems, cyber-security and jamming, energy and propulsion systems,
radio frequency spectrum capacity, and communication data links and
on-board data processing. Based on applications, the report segments
the global commercial drones market into energy and power
manufacturing, law enforcement, scientific research, media and
entertainment, agriculture, and infrastructure. The law enforcement
segment is expected to dominate the market during the forecast
horizon. The report studies the global commercial drones market
across five key regions: Asia Pacific, North America, Middle East and
Africa, Europe, and Latin America.
Some of the prominent players in
the global commercial drones market are Aurora Flight Sciences,
Trimble Uas, Hoovy Llc, 3D Robotics, Drone Deploy, Precision Hawk,
Finmeccaniaca Spa, Northrop Grumman Corporation, Turkish Aerospace
Industries Inc., Lockheed Martin Corporation, Aerovironment Inc,
Thales Sa, Boeing Corporation, Israel Aerospace Industries Ltd.
(Iai), Bae Systems Plc, Textron Inc, Aeronautics Ltd., Safran Sa,
Sensefly, Elbit Systems, Denel Soc Ltd., Airware Inc., General Atomic
Aeronautical Systems Ltd., DJI, and Vdos.
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