Global Commercial Drones Market to Gain Impetus from Increasing Demand for Law Enforcement Applications

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.

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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. 

Major Factors Driving the Growth of Commercial Drones Market

Drones are unmanned aerial vehicle, primarily used to do tasks which involve high risk of human life. Commercial drones are extensively used in law enforcement search, surveillance and rescue, high altitude imaging, emergency response, forest fire monitoring, humanitarian aid, flood mapping, product delivery, photography and film industry, petroleum spill monitoring and internet connectivity. In addition, drones are also being used for environmental monitoring and mapping, hyper spectral imaging, soil moisture imaging, plume dispersion and tracking, in-situ atmospheric monitoring and aerosol source determination among others.

The major factors driving the growth of commercial drones market is the increasing demand of drones for commercial applications. In addition, increasing adoption of drones for enforcement of law is further fueling the growth of the commercial drones market. This is primarily due to the ability of drones for transferring high resolution images and video and other surveillance data in real time to base stations. Moreover, significant technological advancements including improved design and better data processing capabilities in the last few years is aiding the growth of this market.

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However, stringent government regulations for security and safety issues are posing as a major restraint for the growth of commercial drones market. Moreover, scarcity of trained pilots and lack of air traffic management systems is further retraining the growth of this market. Nevertheless, the market is expected to witness a significant growth during the forecast period primarily due to the increasing application of commercial drones for law enforcements.

The market is segmented on the basis of product type by: nano drone, hybrid drone, fixed wing drone and rotary blade drone and others. On the basis of technology, the market can be further segmented into: automation systems, collision avoidance systems, energy and propulsion systems, cyber-security and jamming, radio frequency spectrum capacity and communication data links and on-board data processing among others.

The various applications of commercial drones primarily aims at mitigating risk of human involvement. Moreover, it also enables end users to save time and cost of operations. On the basis of application of commercial drones the market can be categorized into law enforcement, energy and power manufacturing, media and entertainment, scientific research, agriculture and infrastructure among others. The law enforcement application segment among others is expected to hold the largest market share during the forecast period.

Some of the key players in this market are: Hoovy Llc, Trimble Uas, 3D Robotics, Precision Hawk, Drone Deploy, Finmeccaniaca Spa, Turkish Aerospace Industries, Inc., Northrop Grumman Corporation, Aurora Flight Sciences, Lockheed Martin Corporation, Boeing Corporation, Aerovironment Inc, Thales Sa, Bae Systems Plc, Israel Aerospace Industries Ltd. (Iai), Textron Inc, Aeronautics Ltd., Elbit Systems, Safran Sa, Denel Soc Ltd. Denel Soc Ltd., General Atomic Aeronautical Systems Ltd., Airware Inc. DJI, Sensefly, and Vdos among others.