Commercial Drone Market Analysis and Forecasts to 2022

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Commercial Drone Market Share, Size, Analysis, Regional Outlook, Growth, Trends and Forecasts to 2024 | Hexa Research

“Global Commercial Drone Market to Surpass USD 2 Billion By 2022�

Global Commercial Drone Market size is estimated to reach USD 2,069.6 million by 2022, as per a new research report by HexaResearch. Increasing application of these machines in various industry sectors such as military, agriculture and energy among others is expected to drive industry demand. Growing investments in industrialized markets for technology innovation and commercialization is likely to provide opportunities for future applications in the commercial drones market.

Drones are being increasingly used for commercial purposes such as delivering products to customers without hiring a driver. For instance, Dominos adopted these machines in order to deliver food items. In addition, solar powered drones with five years airborne capacity are increasingly used as mobile access points to provide internet access in remote areas. Media and entertainment industries are expected to fuel the demand considerably owing to its small size and flying capability. These machines are also used in real estate industry to capture aerial shots of the infrastructure.

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Your Catalyst to a Lucrative Business Rotary blade accounted for over 75% of the overall industry share in 2014. It is expected to dominate the industry due to its fixed position hovering and multi-directional flying capability. Nano drone was valued at USD 38.7 million in 2014 and is projected to witness highest growth rate over the forecast period. This spur can be addressed to its portability and efficient application in security and photography activities Event organizers are increasingly using drones for safety and proper crowd management. Growing usage in law enforcement activities is projected to fuel the demand. It is mainly used to gather evidence and also investigate crime scenes by capturing high definition videos as well as photos.

Strict government norms regarding safety and privacy concerns are anticipated to hinder the industry growth. Scarcity of trained pilots in the industry owing to lack of training and career opportunities pose as a key challenge to the industry demand. Commercial drones are anticipated to witness signific ant growth opportunities due to increasing demand from agriculture industry for crop management to augment yields.

Key report insights suggest: - Global commercial (UAV) drone market was valued at USD 552.0 million in 2014 and it is likely to reach USD 2,069.6 million by 2022 growing with an estimated CAGR of 16.9% from 2015 to 2020.

- North America captured majority of the market share and dominated the regional demand owing to high production and increasing applications in commercial sectors. Asia Pacific was valued at USD 117.8 million in 2014. The region is expected to witness significant growth due to prominent use of drones for agricultural purposes.

- Agriculture accounted for 24.13% of the overall industry share in 2014. It is projected to be val ued at USD 557.8 by 2022 owing to crop monitoring activity for enhancing yield. Government sector was value at USD 245.4 million in 2014. It is likely to reach USD 846.1 million by 2022 growing at a CAGR of 15.6 % from 2015 to 2022 over the forecast period.

- The commercial drone industry consists of top three participants occupying majority of the industry share.

DJI Innovations dominated the industry with over 43% share in 2014. Key industry players encapsulate Parrot SA and AeroVironment Inc among others.

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Your Catalyst to a Lucrative Business Table of Content of Commercial Drone Market Chapter 1 Methodology and Scope 1.1 Research methodology 1.2 Research scope and assumptions 1.3 List of data sources Chapter 2 Executive Summary 2.1 Commercial drone - Industry Summary & Key Buying Criteria, 2012-2022 Chapter 3 Commercial Drone Industry Overview 3.1 Market segmentation 3.2 Market size and growth prospects 3.3 Commercial drones value chain analysis 3.3.1 Vendor landscape 3.4 Commercial drones technology roadmap 3.5 Commercial drones market dynamics 3.5.1 Market driver analysis 3.5.1.1 Technological proliferation 3.5.1.2 Increase in demand from application areas 3.5.1.3 Effective adoption of drones for law enforcements 3.5.2 Market restraint analysis 3.5.2.1 Stringent government regulations 3.5.2.2 Scarcity of trained pilots 3.5.2.3 Air traffic management and security and safety issues 3.6 Key opportunities - Prioritized 3.7 Industry Analysis - Porter’s 3.8 Commercial drones - Key company analysis, 2014 3.8.1 Company strategy overview 3.9 Commercial drones - PESTEL Analysis Chapter 4 Commercial Drone Product Overview 4.1 Commercial drone market share by product, 2014 & 2022 4.2 Fixed wing 4.3 Rotary blade 4.4 Nano drones

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Your Catalyst to a Lucrative Business 4.5 Hybrid Chapter 5 Commercial Drone Application Overview 5.1 Commercial drone market share by application, 2014 & 2022 5.2 Agriculture 5.3 Energy 5.4 Government 5.5 Media & Entertainment 5.6 Others Chapter 6 Commercial Drone Regional Overview 6.1 Commercial drone market share by region, 2014 & 2022 6.2 North America 6.2.1 North America market by product, 2012 - 2022 6.2.2 North America market by application, 2012 - 2022 6.2.3 U.S. 6.2.3.1 U.S. market by product, 2012 - 2022 6.2.3.2 U.S. market by application, 2012 - 2022 6.2.4 Canada 6.2.4.1 Canada market by product, 2012 - 2022 6.2.4.2 Canada market by application, 2012 - 2022 6.3 Europe 6.3.1 Europe market by product, 2012 - 2022 6.3.2 Europe market by application, 2012 - 2022 6.3.3 UK 6.3.3.1 UK market by product, 2012 - 2022 6.3.3.2 UK market by application, 2012 - 2022 6.3.4 Germany 6.3.4.1 Germany market by product, 2012 - 2022 6.3.4.2 Germany market by application, 2012 - 2022 6.4 Asia Pacific 6.4.1 Asia Pacific market by product, 2012 - 2022 6.4.2 Asia Pacific market by application, 2012 - 2022 6.4.3 China 6.4.3.1 China market by product, 2012 - 2022 6.4.3.2 China market by application, 2012 - 2022

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Your Catalyst to a Lucrative Business 6.4.4 Japan 6.4.4.1 Japan market by product, 2012 - 2022 6.4.4.2 Japan market by application, 2012 - 2022 6.5 Latin America 6.5.1 Latin America market by product, 2012 - 2022 6.5.2 Latin America market by application, 2012 - 2022 6.6 MEA 6.6.1 MEA market by product, 2012 - 2022 6.6.2 MEA market by application, 2012 - 2022 Chapter 7 Competitive Landscape 7.1 AeroVironment Inc. 7.1.1 Company Overview 7.1.2 Financial Performance 7.1.3 Product Benchmarking 7.1.4 Strategic Initiatives 7.2 Aurora Flight Sciences 7.2.1 Company Overview 7.2.2 Financial Performance 7.2.3 Product Benchmarking 7.2.4 Strategic Initiatives 7.3 BAE Systems PLC 7.3.1 Company Overview 7.3.2 Financial Performance 7.3.3 Product Benchmarking 7.4 Challis Heliplane UAV Inc. 7.4.1 Company Overview 7.4.2 Financial Performance 7.4.3 Product Benchmarking 7.5 Denel Dynamics 7.5.1 Company Overview 7.5.2 Financial Performance 7.5.3 Product Benchmarking 7.6 DJI Innovations 7.6.1 Company Overview 7.6.2 Financial Performance

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Your Catalyst to a Lucrative Business 7.6.3 Product Benchmarking 7.7 Draganfly Innovations Inc. 7.7.1 Company Overview 7.7.2 Financial Performance 7.7.3 Product Benchmarking 7.7.4 Strategic Initiatives 7.8 Elbit Systems Ltd. 7.8.1 Company Overview 7.8.2 Financial Performance 7.8.3 Product Benchmarking 7.8.4 Strategic Overview 7.9 General Atomics 7.9.1 Company Overview 7.9.2 Financial Performance 7.9.3 Product Benchmarking 7.10 General Dynamics Corporation 7.10.1 Company Overview 7.10.2 Financial Performance 7.10.3 Product Benchmarking 7.11 Israel Aerospace Industries 7.11.1 Company Overview 7.11.2 Financial Performance 7.11.3 Product Benchmarking 7.11.4 Strategic Initiatives 7.12 Lockheed Martin Corporation 7.12.1 Company Overview 7.12.2 Financial Performance 7.12.3 Product Benchmarking 7.12.4 Strategic Initiatives 7.13 Northrop Grumman 7.13.1 Company Overview 7.13.2 Financial Performance 7.13.3 Product Benchmarking 7.13.4 Strategic Initiatives 7.14 Parrot SA 7.14.1 Company Overview

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Your Catalyst to a Lucrative Business 7.14.2 Financial Performance 7.14.3 Product Benchmarking 7.15 Prox Dynamics AS 7.15.1 Company Overview 7.15.2 Financial Performance 7.15.3 Product Benchmarking 7.15.4 Strategic Initiatives 7.16 SAIC 7.16.1 Company Overview 7.16.2 Financial Performance 7.16.3 Product Benchmarking 7.16.4 Strategic Initiatives 7.17 Textron Inc. 7.17.1 Company Overview 7.17.2 Financial Performance 7.17.3 Product Benchmarking 7.17.4 Strategic Initiatives 7.18 Thales Group 7.18.1 Company Overview 7.18.2 Financial Performance 7.18.3 Product Benchmarking 7.18.4 Strategic Initiatives 7.19 The Boeing Company 7.19.1 Company Overview 7.19.2 Financial Performance 7.19.3 Product Benchmarking 7.19.4 Strategic Initiatives 7.20 Turkish Aerospace Industries Inc. 7.20.1 Company Overview 7.20.2 Financial Performance 7.20.3 Product Benchmarking 7.20.4 Strategic Initiatives

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