The commercial drone market is set to grow significantly, driven by demand in construction and real estate, with a forecast CAGR of 47% from 2021-2026.
The new report by Expert Market Research titled, ‘Global Commercial Drone Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global commercial drone market, assessing the market based on its segments like product type, applications, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
Drones are in high demand in the real estate and construction industries because of their ability to survey land, provide continuous and precise project notifications, improve safety, and prevent dangerous incidents on construction sites. Over the last few years, there has been a significant increase in the number of business use cases for drones. Manufacturers of drones and software solution providers, for example, are constantly designing, testing, and improving solutions for a variety of markets. Drones are being widely used in the healthcare sector for lab sample pickup and delivery and medical supply transportation, to reduce transportation turnaround time and infection exposure, particularly during the COVID-19 outbreak. In addition, the rising trend of precision agriculture, which utilises various technologies to increase the yield, is propelling market growth. Drones are widely used in agricultural applications such as crop analysis and pesticide spraying, which is boosting industry growth.
Industry Definition and Major Segments
Drones are pilotless platforms that can be remotely controlled by a human operator or navigate autonomously by a computer program onboard. Drones have the potential to transform urban and rural infrastructure while also increasing agricultural productivity in developing countries. Commercial drones primarily aid in monitoring and delivery in various industries, due to which they are increasingly being deployed.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/commercial-drone-market
The major product types of commercial drones are:
The market can be broadly categorised on the basis of its applications segments into:
Based on end use, the market is divided into:
On the basis of region, the industry is divided into:
Latest News on Global Commercial Drone Market@ https://www.expertmarketresearch.com/pressrelease/global-commercial-drones-market
Market Trends
The development of drones that meet regulatory safety standards to prevent accidents is providing additional impetus to the drone market's growth. The growing demand for sophisticated and highly reliable designs is also fuelling the growth of commercial drone deployment. Advances in imaging technologies are expected to increase demand for commercial drones in a variety of high-end applications, thus bolstering the industry growth. The incorporation of cutting-edge technologies in drones, such as artificial intelligence (AI) and machine learning (ML), to automate numerous operations and collect and implement visual data while improving safety and efficiency, is expected to boost industry growth. Moreover, the trend of smart mobility of drones to increase commercial accessibility is expected to boost the commercial drone's industry's growth in the coming years.
Key Market Players
The major players in the market are Aeronavics Ltd., AeroVironment, Inc., Autel Robotics, SZ DJI Technology Co., Ltd., and Draganfly Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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The article discusses the growth of the global commercial drone market, particularly driven by demand in the construction industry.
The construction, real estate, healthcare, and agriculture industries are key drivers of drone demand.
The commercial drone market is expected to grow at a CAGR of 47% from 2021 to 2026.
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