Commercial Drone Market Strategy, Distributors & Manufacturing Cost Analysis Till 2022 “The global commercial drone market size was estimated to be USD 552 million in 2014 and is projected to reach USD 2.07 billion by 2022, with a CAGR of 16.9%. Increased usage in law enforcement and agriculture sectors are anticipated to have a favorable impact on the market over the forecast period.� The global Commercial Drone Market size was estimated to be USD 552 million in 2014 and is projected to reach USD 2.07 billion by 2022, with a CAGR of 16.9%. Increased usage in law enforcement and agriculture sectors are anticipated to have a favorable impact on the market over the forecast period. The drones are also called Unmanned Aerial Vehicles (UAVs) which encompass unpiloted aerial vehicles and remotely piloted. These UAVs have applications in several industrial areas which include homeland security, military, retail and agriculture. Demand is significantly higher for military applications, although commercial applications are gradually catching up. Retailing and E-commerce industries are trying to use such UAVs in order to deliver products to the customers in a very short span of time. In July 2015, Amazon proposed to allocate a distinct airspace zone to operate these unmanned aerial aircraft for the purpose of delivering goods to customers. However, such initiatives are not approved by the government and regulations are formed for the use of drones once they are launched in the market for the above mentioned purpose. Governments across the globe are using these unmanned aerial vehicles in various applications such as infrastructure, law enforcement, R&D & scientific research, in disaster management activities and environmental studies. Aviation regulatory bodies such as the European Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA) from the U.S. have barred the use of UAVs considering the limitations in handling the air traffic on such a large scale and the safety will be concern for the citizens. Although the uses of these UAVs are now allowed for commercial purposes, there are still certain segments of business such as logistics and transport where they are still banned.
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