COMMERCIAL DRONES MARKET GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2023
Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Introduction Report Description The Global Commercial Drones Market was sized near USD X.X billion in 2016. The global commercial drones market is projected to grow with a CAGR of 16.30% during 2017-2023. Commercial drone is an unmanned aircraft system which is utilized for carrying out complex commercial operations for businesses and governments. Various components can be attached to the drones for carrying out specific tasks. Commercial drones can carry higher payload, fly for longer period, and they have advanced flight controllers and sensors. As it can be easily controlled from remote locations and reach normally inaccessible locations, it find applications such as high altitude mapping, land surveying, media coverage, movie production, precision agriculture, real estate exploration, retail delivery, search & rescue operations, law enforcement surveillance and industrial surveillance among others. Unlike the conventional delivery vehicles, commercial drones require less energy and it can provide last mile connectivity. The FAA and other international regulations for commercial drones in terms of registration and operations are opening up the sector for more commercial applications. Commercial drones with a weight of less than 55 pounds, remotely controlled by a licensed drone operator within visual limits, are allowed to operate up to an altitude of 400 meters. However, this rule is not applicable for autonomously operating drones. This report estimates the market size of commercial drones market in terms of value (USD million) over the period of 2015 to 2023.The year 2015 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for commercial drones market in numerous application is estimated in terms of value. This market research study provides detailed qualitative and quantitative analysis of the global commercial drones market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of Š Infinium Global Research
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
commercial drones market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of commercial drones market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global commercial drones market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. COMMERCIAL DRONES MARKET SEGMENTATION
COMMERCIAL DRONES MARKET
Drone Type
Fixed Wing Hybrid Multi Rotor Single Rotor Nano Others
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Application Aerial Photography Energy & Industrial Entertainment & Media Forest Fire Monitoring High Altitude Imaging Mapping Natural Hazards Monitoring Precision Agriculture Retail Delivery Surveillance & Inspection Others
Region
North America Europe Asia Pacific RoW
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The report on global commercial drones market covers segments such as drone type, application and by region. The global commercial drones market by application covers aerial photography, energy and infrastructure, entertainment & media, forest fire monitoring, high altitude imaging, mapping, natural hazards monitoring, precision agriculture, retail delivery, surveillance & inspection and some others. On the basis of drone type, the market is segmented as fixed wing, hybrid, multi-rotor, single rotor, nano and some others. Research Methodology Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Commercial Drones market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Research Methodology: An Outline Primary source of the information and data include Industry Experts/consultants Top level executives in the key market players Subject matter experts Academicians and research scholars
PRIMARY RESEARCH
Secondary sources of the information and data include Company annual reports Government/institutional publications Trade and associations journals Databases Websites and publications by research agencies Others
SECONDARY RESEARCH
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH
Arriving at Global Market Size
Market Share of Key Players
Key Market Players
Arriving at Regional/Country Market Size
Accumulation of the country level market size (value) Regional market size of commercial drones and its drone type, application
Segment revenue of the key players Country level market size by drone type, application (value)
Identifying key players in the commercial drones market
Accumulation of the regional/country market size (value) Global market size of drone type, application
RESEARCH APPROACHES- TOP-DOWN Global Market
Market Segments
Global market size of commercial drones market Value for 2016 to 2023
% breakdown by market segments by drone type, application Value for 2016 and 2023
Regional market size of the commercial drones market (value) Regional market size of drone type, application
Determine the Regional Market Size
Country Level Market Sizing
Country level market size of the commercial drones market in every region (value) Country level market size of drone type, application in every region
TOP-DOWN APPROACH © Infinium Global Research
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The study on global commercial drones market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global commercial drones market. The estimates in the global commercial drones market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of commercial drones market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the devices and category. IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES
Infinium's Data Bank/ Know How
Top executives of end-use industries Intermediaries
C-level executives in the leading manufacturing products of commercial drones. Product managers Sales managers Industry consultants Distributors/Suppliers
Industry Publications Government Agencies' Publications Industry news Data sources Others
Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases
Secondary Research
DATA TRIANGULATION & INFORMATION SOURCES
Company Publication
Supply Side
Primary Research
General Publications
Demand Side
PRIMARY SOURCES
The market size of commercial drones is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the © Infinium Global Research
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
leading players in the commercial drones market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the commercial drones market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the commercial drones market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of commercial drones. With the help of primary interviews and secondary research the market size of commercial drones is determined for each country studied, which then is added to arrive at regional market size and there by obtaining global market size. This in turn helps us to validate the market size of commercial drones in the world market. Executive Summary Global Commercial Drones Market Highlights, (USD Million) The global commercial drones market is expected to grow at a CAGR of 16.30% between 2017 and 2023 in terms of value. Precision agriculture segment is the largest application segment in the commercial drones market, as drones are very useful in monitoring weather, soil, crops, livestock and controlling pests among others. Increasing number of applications that benefits governments, such as disaster management, environmental studies, infrastructure monitoring, and research & development among others are driving the growth of the global commercial drones market. Growing demand for drones for law enforcement, due to their advanced features that allow transmission of high resolution images, videos and live surveillance data to the control rooms drive the growth of the global commercial drones market. Increasing instances of drug trafficking, terror activities, criminal assaults are expected to further enhance the demand for commercial drones for surveillance. Availability of advanced systems for capturing images and recording videos at high resolutions such as HD and 4k is driving the demand for commercial drones in media, and movies industries. Moreover, with the availability of compatible smart phones and other portable devices, more applications for commercial drones are expected to become popular during the forecast Š Infinium Global Research
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
period. Due to superior flight stability and cost effectiveness, the demand for rotary blade drones for commercial applications is anticipated to grow significantly during the forecast period. Formal regulations in various countries regarding commercial registration, applications, qualification for the remote drone pilots, are expected to enhance the growth of the commercial drones market. The demand for commercial drones for industrial applications such as inspection of machinery installations, oil & gas pipelines, solar & wind turbine farms, and other industrial infrastructure is expected to grow significantly during the forecast period. As drones require less energy when compared to other delivery vehicles and it is easier control remotely, the demand for drones for retail delivery from e-commerce and retail sectors for short distances are expected to grow during the forecast period 2017-2023. Absence of regulatory frameworks in many countries is a major restraint for the commercial drones market, as it prevents use of drones for many commercial operations. The apprehension about misuse of drones for spying and other illegal activities among public and governments is a restraint for the market. Shortage of certified drone operators is another restraint for the global commercial drones market, even as more companies are starting commercial services. Research & development and technological advancements in the sector are yielding more applications for commercial drones and it is expected to provide growth opportunities for the major players in the commercial drones market. Moreover, there are export opportunities for the manufacturers of commercial drones to the regions where the drones industry is nascent. The leading players in the global commercial drones market include AeroVironment Inc, Aurora Flight Sciences, BAE Systems Plc, DJI Innovations, Draganfly, Elbit Systems Ltd, Israel Aerospace Industries, Lockheed Martin Corporation, Northrop Grumman, Parrot SA, 3D Robotics Inc, Textron Inc and The Boeing Company. For More Details Get Free Few Sample Pages of this Premium Report: https://www.infiniumglobalresearch.com/reports/sample-request/18
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Global Commercial Drones Market Projection GLOBAL COMMERCIAL DRONES MARKET, 2015 – 2023 (USD MILLION)
2015
2016
2017
2018
2019
2020
2021
2022
2023
Value
Commercial drones market is expected to experience rapid growth globally. However, the market size in terms of value is expected to grow at a higher rate due to availability of lowcost commercial drones. The global market size of commercial drones in terms of value was USD X.X billion in 2015.
GLOBAL COMMERCIAL DRONES MARKET, CAGR (USD MN) GROWTH BY REGIONS (2016 – 2023)
xxx.x xxx.x
2017 xxx.x
2023
xxx.x xxx.x
xxx.x
2017
2023
2017
2023
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. The countries covered in the North © Infinium Global Research
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 - 2023. Market Overview & Competitiveness DRO Analysis DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global Commercial Drones Market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the Commercial Drones Market. Drivers refer to the factors that are expected to drive or boost the market size or demand for Shoe Polish. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of Commercial Drones Market both in short run and long run. DRIVERS OF COMMERCIAL DRONES MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
DRIVERS
MID TERM IMPACT
LONG TERM IMPACT
Driver 1 Driver 2 Driver 3
HIGH
MEDIUM
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
RESTRAINTS OF COMMERCIAL DRONES MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
RESTRAINTS
MID TERM IMPACT
LONG TERM IMPACT
Restraint 1
Restraint 2
HIGH
MEDIUM
LOW
IGR- Growth Matrix Analysis Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Device segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size © Infinium Global Research
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Safe Zone: Moderate growth and moderate market size. IGR- GROWTH MATRIX ANALYSIS Growth Rate
Opportunity Zone
Consolidation Zone
High
Low
Risky Zone
Retention Zone Market Size Low
High North America
Europe
Asia-Pacific
RoW
GLOBAL COMMERCIAL DRONES MARKET BY DRONE TYPE, 2016 - 2023 (REVENUE % SHARE) 2016
2023 Fixed Wing Hybrid Multi Rotor Single Rotor Nano Others
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL COMMERCIAL DRONES MARKET BY DRONE TYPE, 2015 - 2023 (USD MILLION)
2015
2016 Fixed Wing
Hybrid
2017 Multi Rotor
Single Rotor
2023 Nano
Others
GLOBAL FIXED WING DRONE MARKET BY REGIONS, 2015 - 2023 (USD MILLION)
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL HYBRID DRONE MARKET BY REGIONS, 2015 - 2023 (USD MILLION)
GLOBAL MULTI ROTOR DRONE MARKET BY REGIONS, 2015 - 2023 (USD MILLION)
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL SINGLE ROTOR DRONE MARKET BY REGIONS, 2015 - 2023 (USD MILLION)
GLOBAL NANO DRONE MARKET BY REGIONS, 2015 - 2023 (USD MILLION)
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL OTHERS DRONE BY REGIONS, 2015 - 2023 (USD MILLION)
GLOBAL COMMERCIAL DRONES MARKET BY REGION, 2016 - 2023 (REVENUE % SHARE)
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL COMMERCIAL DRONES MARKET BY REGION, 2015 - 2023 (USD MILLION)
NORTH AMERICA COMMERCIAL DRONES MARKET BY DRONE TYPE, 2015 - 2023 (USD MILLION)
2015
2016 Fixed Wing
Hybrid
2017 Multi Rotor
Single Rotor
2023 Nano
Others
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Commercial Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Company Profiling AeroVironment Inc Company Snapshot
AeroVironment Inc CONTACT DETAILS: Address: 800 Royal Oaks Drive, Suite 210 Monrovia, CA 91016-6347 Tele: 626.357.9983 Website: www.avinc.com
KEY FEATURES: No. of Employees: xx No. of countries of operation: xx
SWOT ANALYSIS: STRENGHTS Sample text Sample text
OPPORTUNITIES Sample text Sample text
WEAKNESS Sample text Sample text
THREATS Sample text Sample text
PRODUCT PORTFOLIO: Product 1 Product 2 Product 3
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