Commercial Drone Market Growth, Share, Size, Revenue, Demand and Future Opportunities 2033
Commercial Drone Market Size- By Product Type, By Weight, By System, By Mode of Operation, By Application, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2022 | Report ID: IACT2218 | Pages: 1 - 245 | Formats*: |
| Category : Information & Communications Technology | |||
Global Commercial Drone Market Overview
According to SPER Market Research, the Global Commercial Drone Market is estimated to reach USD 1105.16 billion by 2033 with a CAGR of 38.86%.
Drones are aircraft that can fly independently using an embedded program or remotely commanded from the ground by a pilot. Commercial drones are unmanned aerial vehicles used for commercial purposes such as risk mitigation, resource planning, research and excavation, urban planning, engineering, farming management, tourism, aerial imaging, LiDAR applications, cargo management, weather monitoring, traffic control, green mapping, and so on. As business solutions, these applications are used by a variety of industries including agriculture and the environment, media and entertainment, energy, government, and others.
Exploring the Growth Drivers of the Global Commercial Drone Industry.
The global commercial drone market has grown significantly in recent years, and there are various factors driving this expansion. Drones are employed in several industries, including agriculture, construction, mining, transportation, and energy. Demand for commercial drones is projected to rise as these businesses continue to embrace drone technology. Drone technology advancements, such as longer battery life, improved sensors, and enhanced picture stabilization, have made drones more competent and easier to control. As a result, they have grown in popularity and utility in a range of industries. Drone technology has become more affordable in recent years, making it more accessible to businesses and consumers. As a result, the demand for drones has skyrocketed. Overall, these factors are projected to propel the worldwide commercial drone industry's growth in the future years.
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What challenges does the Global Commercial Drone Market face?
Despite the worldwide commercial drone market's development and promise, the industry faces a number of hurdles. Regulatory problems are among these difficulties. Drone use is governed by legislation that differ by country, making it difficult for firms to operate globally. Drone flight regulations, privacy regulations, and data collecting regulations are continuously growing and can be complex and prohibitive. As the number of drones in use grows, so do safety concerns. There have been cases of drones crashing with structures, other aircraft, and people, leading to stronger rules and increased liability issues. Drones' flight time is restricted by battery life, making it difficult for enterprises to conduct large-scale activities efficiently.
Overall, these problems underline the importance of continuing to engage in R&D to address technical limits, as well as collaboration among industry stakeholders to build comprehensive regulatory frameworks that balance safety and innovation.
In what ways has the COVID-19 pandemic affected Global Commercial Drone Market?
The COVID-19 pandemic has had an impact on the global commercial drone sector, both positively and negatively. Increased demand for drone delivery is one of the ways the pandemic has impacted the sector. Because of the pandemic, there has been an upsurge in demand for drone delivery services as more individuals have stayed at home and relied on online shopping. Drones have grown in favour since they have been employed for contactless delivery of groceries, medicines, and other necessities. As a result of the pandemic, demand for aerial imaging services has decreased in areas such as real estate and construction, as many projects have been put on hold or cancelled.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Weight, By System, By Mode of Operation, By Application, By End Use |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | AeroVironment Inc., Agua Drone LCC, Autel Robotics Co. Ltd., BAE Systems PLC, Draganfly Inc., DRONE VOLT Group, Freefly Systems, General Atomics Aeronautical Systems Inc., Israel Aerospace Industry, Kespry Inc., Leonardo S.P.A., Lockhead Martin Corp., Northrop Grumman, Parrot Drone SAS, Safran SA, SYMA International Trade Development Ltd., Tata Advanced Systems Ltd., Thales Group, Others |
Key Target Audience
- Academic Institutions offering Drone-related Programs
- Commercial Drone Service Providers and Operators
- Consumers and End-Users of Commercial Drone Services
- Government Organizations and Policymakers
- Industry Associations and Organizations
- Research and Development Institutions
Global Commercial Drone Market Segmentation:
1. By Product Type:
- Global Commercial Drone Market Value Share and Forecast, By Product Type, 2023-2033
- Flexed Wing Drones
- Hybrid Drones
- Rotary Blade Drones
2. By Weight:
- Global Commercial Drone Market Value Share and Forecast, By Weight, 2023-2033
- <2 kg
- 2 kg – 25 kg
- 25 kg – 150 kg
3. By System:
- Global Commercial Drone Market Value Share and Forecast, By System, 2023-2033
- Airframe
- Hardware
- Payloads
- Propulsion System
- Software
- Others
4. By Mode of Operation:
- Global Commercial Drone Market Value Share and Forecast, By Mode of Operation, 2023-2033
- Autonomous
- Remotely Operated
- Semi-Autonomous
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report
- Global Commercial Drone Market Size (FY’2023-FY’2033)
- Overview of Global Commercial Drone Market
- Segmentation of Global Commercial Drone Market By Product Type (Flexed Wing Drones, Hybrid Drones, Rotary Blade Drones)
- Segmentation of Global Commercial Drone Market By Weight (<2 kg, 2 kg – 25 kg, 25 kg – 150 kg)
- Segmentation of Global Commercial Drone Market By System (Airframe, Hardware, Payloads, Propulsion System, Software, Others)
- Segmentation of Global Commercial Drone Market By Mode of Operation (Autonomous, Remotely Operated, Semi-Autonomous)
- Segmentation of Global Commercial Drone Market By Application (Agriculture and Environment, Construction & Archaeology, Energy, Filming and Photography, Government, Inspection and Maintenance, Mapping and Surveying, Media and Entertainment, Precision Agriculture, Surveillance and Monitoring, Others)
- Segmentation of Global Commercial Drone Market By End-Use (Agriculture, Delivery & Logistics, Energy, Media & Entertainment, Real Estate & Construction, Security & Law Enforcement, Others)
- Statistical Snap of Global Commercial Drone Market
- Growth Analysis of Global Commercial Drone Market
- Problems and Challenges in Global Commercial Drone Market
- Competitive Landscape in the Global Commercial Drone Market
- Impact of COVID-19 and Demonetization on Global Commercial Drone Market
- Details on Recent Investment in Global Commercial Drone Market
- Competitive Analysis of Global Commercial Drone Market
- Key Players in the Global Commercial Drone Market
- SWOT Analysis of Global Commercial Drone Market
- Global Commercial Drone Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Commercial Drone Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Commercial Drone Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Commercial Drone Market
7. Global Commercial Drone Market, By Product Type (USD Million)
7.1. Global Commercial Drone Market Value Share and Forecast, By Product Type, 2023-20337.2. Flexed Wing Drones7.3. Hybrid Drones7.4. Rotary Blade Drones
8. Global Commercial Drone Market, By Weight (USD Million)
8.1. Global Commercial Drone Market Value Share and Forecast, By Weight, 2023-20338.2. <2 kg8.3. 2 kg – 25 kg8.4. 25 kg – 150 kg
9. Global Commercial Drone Market, By System (USD Million)
9.1. Global Commercial Drone Market Value Share and Forecast, By System, 2023-20339.2. Airframe9.3. Hardware9.4. Payloads9.5. Propulsion System9.6. Software9.7. Others
10. Global Commercial Drone Market, By Mode of Operation (USD Million)
10.1. Global Commercial Drone Market Value Share and Forecast, By Mode of Operation, 2023-203310.2. Autonomous10.3. Remotely Operated
10.4. Semi-Autonomous
11. Global Commercial Drone Market, By Application (USD Million)
11.1. Global Commercial Drone Market Value Share and Forecast, By Application, 2023-203311.2. Agriculture and Environment11.3. Construction & Archaeology11.4. Energy11.5. Filming and Photography11.6. Government11.7. Inspection and Maintenance11.8. Mapping and Surveying11.9. Media and Entertainment11.10. Precision Agriculture11.11. Surveillance and Monitoring11.12. Others
12. Global Commercial Drone Market, By End Use (USD Million)
12.1. Global Commercial Drone Market Value Share and Forecast, By End Use, 2023-203312.2. Agriculture12.3. Delivery & Logistics12.4. Energy12.5. Media & Entertainment12.6. Real Estate & Construction12.7. Security & Law Enforcement12.8. Others
13. Global Commercial Drone Market Forecast, 2019-2033 (USD Million)
13.1. Global Commercial Drone Market Size and Market Share
14. Global Commercial Drone Market, By Product Type, 2019-2033 (USD Million)
14.1. Global Commercial Drone Market Size and Market Share By Product Type (2019-2026)14.2. Global Commercial Drone Market Size and Market Share By Product Type (2027-2033)
15. Global Commercial Drone Market, By Weight, 2019-2033 (USD Million)
15.1. Global Commercial Drone Market Size and Market Share By Weight (2019-2026)15.2. Global Commercial Drone Market Size and Market Share By Weight (2027-2033)
16. Global Commercial Drone Market, By Mode of Operation, 2019-2033 (USD Million)
16.1. Global Commercial Drone Market Size and Market Share By System (2019-2026)16.2. Global Commercial Drone Market Size and Market Share By System (2027-2033)
17. Global Commercial Drone Market, By System, 2019-2033 (USD Million)
17.1. Global Commercial Drone Market Size and Market Share By Mode of Operation (2019-2026)17.2. Global Commercial Drone Market Size and Market Share By Mode of Operation (2027-2033)
18. Global Commercial Drone Market, By Application, 2019-2033 (USD Million)
18.1. Global Commercial Drone Market Size and Market Share By Application (2019-2026)18.2. Global Commercial Drone Market Size and Market Share By Application (2027-2033)
19. Global Commercial Drone Market, By End Use, 2019-2033 (USD Million)
19.1. Global Commercial Drone Market Size and Market Share By End Use (2019-2026)19.2. Global Commercial Drone Market Size and Market Share By End Use (2027-2033)
20. Global Commercial Drone Market, By Region, 2019-2033 (USD Million)
20.1. Global Commercial Drone Market Size and Market Share By Region (2019-2026)20.2. Global Commercial Drone Market Size and Market Share By Region (2027-2033)20.3. Asia-Pacific
20.3.1. Australia20.3.2. China20.3.3. India20.3.4. Japan20.3.5. South Korea20.3.6. Rest of Asia-Pacific
20.4. Europe
20.4.1. France20.4.2. Germany20.4.3. Italy20.4.4. Spain20.4.5. United Kingdom20.4.6. Rest of Europe
20.5. Middle East and Africa
20.5.1. Kingdom of Saudi Arabia20.5.2. United Arab Emirates20.5.3. Rest of Middle East & Africa
20.6. North America
20.6.1. Canada20.6.2. Mexico20.6.3. United States
20.7. Latin America
20.7.1. Argentina20.7.2. Brazil20.7.3. Rest of Latin America
21. Company Profile
21.1. AeroVironment Inc.
21.1.1. Company details21.1.2. Financial outlook21.1.3. Product summary21.1.4. Recent developments
21.2. Agua Drone LCC
21.2.1. Company details21.2.2. Financial outlook21.2.3. Product summary21.2.4. Recent developments
21.3. Autel Robotics Co. Ltd.
21.3.1. Company details21.3.2. Financial outlook21.3.3. Product summary21.3.4. Recent developments
21.4. BAE Systems PLC
21.4.1. Company details21.4.2. Financial outlook21.4.3. Product summary21.4.4. Recent developments
21.5. Draganfly Inc.
21.5.1. Company details21.5.2. Financial outlook21.5.3. Product summary21.5.4. Recent developments
21.6. DRONE VOLT Group
21.6.1. Company details21.6.2. Financial outlook21.6.3. Product summary21.6.4. Recent developments
21.7. Freefly Systems
21.7.1. Company details21.7.2. Financial outlook21.7.3. Product summary21.7.4. Recent developments
21.8. General Atomics Aeronautical Systems Inc.
21.8.1. Company details21.8.2. Financial outlook21.8.3. Product summary21.8.4. Recent developments
21.9. Israel Aerospace Industry
21.9.1. Company details21.9.2. Financial outlook21.9.3. Product summary21.9.4. Recent developments
21.10. Kespry Inc.
21.10.1. Company details21.10.2. Financial outlook21.10.3. Product summary21.10.4. Recent developments
21.11. Leonardo S.P.A.
21.11.1. Company details21.11.2. Financial outlook21.11.3. Product summary21.11.4. Recent developments
21.12. Lockhead Martin Corp.
21.12.1. Company details21.12.2. Financial outlook21.12.3. Product summary21.12.4. Recent developments
21.13. Northrop Grumman
21.13.1. Company details21.13.2. Financial outlook21.13.3. Product summary21.13.4. Recent developments
21.14. Parrot Drone SAS
21.14.1. Company details21.14.2. Financial outlook21.14.3. Product summary21.14.4. Recent developments
21.15. Safran SA
21.15.1. Company details21.15.2. Financial outlook21.15.3. Product summary
21.15.4. Recent developments
21.16. SYMA International Trade Development Ltd.
21.16.1. Company details21.16.2. Financial outlook21.16.3. Product summary21.16.4. Recent developments
21.17. Tata Advanced Systems Ltd.
21.17.1. Company details21.17.2. Financial outlook21.17.3. Product summary21.17.4. Recent developments
21.18. Thales Group
21.18.1. Company details21.18.2. Financial outlook21.18.3. Product summary21.18.4. Recent developments
21.19. Others
22. List of Abbreviations
23. Reference Links
24. Conclusion
25. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Commercial Drone Market size is USD 1105.16 billion from 2023 to 2033.
The Commercial Drone Market segment is Covered By Product Type, By Weight, By System, By Mode of Operation, By Application, By End Use.
The North America region is anticipated to have the highest market share in the Commercial Drone Market.
The key players in the market include Companies Covered AeroVironment Inc., Agua Drone LCC, Autel Robotics Co. Ltd., BAE Systems PLC, Draganfly Inc., DRONE VOLT Group, Freefly Systems, General Atomics Aeronautical Systems Inc.
Drone commercial application cases have grown dramatically in recent years. For industry participants such as drone manufacturers and software suppliers, designing, assessing, and updating solutions for various markets is a constant process.
The Commercial Drone Market is projected to reach USD 1105.16 billion by 2033, growing at a CAGR of 38.86% during the forecast period.
The Commercial Drone Market grew in market size from 2022. The Market is expected to reach USD 1105.16 billion by 2034, at a CAGR of 38.86% during the forecast period.
The Commercial Drone Market CAGR of 38.86% during the forecast period.
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