Commercial Drone Market Size By Type (Fixed Wing Drone, Rotary Blade Drone, Hybrid Drone), By Mode of Operation (Remotely Operated, Semi-autonomous, Autonomous), By Application (Aerial Photography, Agriculture, Emergency Management, Inspection & Monitoring, Remote Sensing & Mapping, Wildlife Research & Preservation), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jul 2021  |  Report ID: GMI115  |  Authors: Preeti Wadhwani, Smriti Loomba

Report Format: PDF   |   Pages: 335   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Commercial Drone Market size exceeded USD 20 billion in 2020 and is estimated to grow at around 15% CAGR from 2021 to 2027. The total industry shipments are expected to surpass 16 million units by 2027.
 

Commercial Drone Market

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The widespread adoption of drones for commercial applications and relative technology developments are likely to drive the industry growth. The increasing commercial drone adoption across municipal and industrial enterprises along with expanding revenue opportunities in the agriculture sector is contributing to the market demand.
 

The commercial drone market landscape is characterized by the increasing deployment of drones for industrial and commercial applications. The capabilities of commercial drones are being leveraged by different industry sectors to acquire data from strategic vantage points that have been either too expensive or inaccessible. Amid the ongoing COVID-19 pandemic, enterprises have deployed drones as a viable solution to deliver various goods and medicines. In July 2020, Drone Delivery Canada Corporation’s Sparrow drone supplied Personal Protection Equipment (PPE), hygiene kits, test kits, and test swabs in Canada with minimal human involvement. Such initiatives have strengthened the market demand at the global level.
 

Commercial Drone Market Report Coverage
Report Coverage Details
Base Year:2020
Market Size in 2020:20 Billion (USD)
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:15%
2027 Value Projection:55 Billion (USD)
Historical Data for:2016 to 2019
No. of Pages:335
Tables, Charts & Figures:482
Segments covered:Type, Mode of Operation, Application and Region
Growth Drivers:
  • Venture capital investment in drone technology
  • Increasing use cases of drone in civil applications
  • Increasing affordability in design and integrated data intelligence
  • Advancement in design and integrated data intelligence
  • Strong Chinese market and growing demand from developing economies
Pitfalls & Challenges:
  • Stringent government regulations
  • Security and privacy issues

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Easy maneuvering control is spurring the rotary blade drones market in the U.S.

U.S. Commercial Drone Market Size, By Type

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In the U.S., the rotary blade drones demand is predicted to generate above USD 10 billion revenue and will cross 3 million shipments by 2027. The rotary blade commercial drones market growth has been catalyzed by their ability to land and take off vertically, which helps the user to manage it within a small vicinity with no significant takeoff or landing area requirement. Enterprises in the U.S. are specifically using such drones to capitalize on their capacity to fly & perform quick maneuvering for precision applications.
 

Stringent regulations on drone aviation are promoting the market revenue of remotely operated drones in the UK

UK Commercial Drone Market Revenue Share, By Mode of Operation

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The UK remotely operated commercial drone market captured more than 50% of the revenue share in 2020 with about 65,000 shipments. Remotely operated drones have been the most deployed commercial drones in the UK aviation industry due to the stringent regulations followed by aviation authorities with the protocol of Line of Sight (LOS) employed mandatorily. This implies that the operator using a drone needs to remotely operate the drone and conduct all operations from the remote location.
 

The relaxation by the European Aviation Safety Administration (EASA) on the commercial use of drones has encouraged regional market growth. The EASA also introduced a risk-based approach to offer performance-based guidelines for regulating the drone market.
 

Data-driven insights provided by commercial drones to boost the China agriculture drone industry statistics

In China, the agriculture application is poised to grow at a CAGR of over 20% through 2027 on account of increasing usage of drone technology in agricultural practices that provides farmers with decision-making insights through big data analytics. The technology helps farmers to better understand the crops for the maintenance and balance of crop production with efficient deployment methods such as crop spraying, aerial spraying, crop monitoring, soil & field analysis, and health assessment.
 

Chinese companies specializing in drone systems for the agriculture industry are partnering with technological enterprises to deliver their portfolio across high-growth-potential geographies. For instance, in May 2021, XAG Co., Ltd. collaborated with DroneUA to deliver its fleet of agriculture drones. These drones help farmers in fertilizer spreads, spraying of crops, and sowing of seeds.
 

Relaxation on commercial drone regulatory policies is fueling the Asia Pacific market revenue

Asia Pacific Commercial Drone Market Share, By Country, 2020 (USD Million)

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Asia Pacific held a significant portion of the global commercial drone market with around 30% revenue share in 2020. The regional industry is driven by a rapid increase in awareness among organizations on civilian drone applications and government acceptance in bringing relaxation on the regulations for commercial purposes. Moreover, the widespread presence of established enterprises, such as DJI, Yuneec, and Autel, is a primary factor supporting market growth.
 

Regional industry players are focusing on new product development to offer technologically advanced solutions, which is a major factor contributing to the expanding market presence of commercial drone technologies in the region. For instance, in March 2021, DJI unveiled the DJI FPV drone offering along with an intuitive motion controller. The newly launched drone provides an impressive flying and visual experience.
 

Consistent product portfolio enhancement and technological partnerships to gain a competitive edge

The commercial drone market remains highly consolidated with DJI holding a majority market share. Companies are consistently emphasizing on new product developments and strategic partnerships. For instance, in August 2020, Shell Oil Company signed a partnership agreement with DJI to create, test & deploy DJI drone technology at its Deer Park Manufacturing Complex. This partnership aims to improve efficiency and worker safety during industrial inspections and emergency incident response.
 

A dynamic regulatory landscape and changing policies on drones have relaxed the barriers to entry, which now pose a threat to the dominance of larger players. The emergence of several SMEs in the market, such as Hoverfly, Aeronavics, and Kespry, has started to exert strain on the established players to continuously launch new products with added functionalities to maintain a revenue share and profitability. Commercial drone start-ups are offering low-cost products to increase their market presence, thus offering stiff competition to major industry rivals.
 

Some of the key players operating in the market are 3D Robotics, AeroEnvironment Inc., Airobotics Ltd., BAE Systems, Cyberhawk, Delair, DJI, DroneDeploy, Ehang Inc., Guangzhou Jifei Technology Co., Ltd., Hoverfly Technologies, Inc., Intel Corporation, Kespry, Parrot SA, PrecisionHawk, Prime Air (Amazon.com, Inc.), senseFly, Walkera Technology Co., Ltd., Xiaomi Inc., and Yuneec International.
 

This market research report on commercial drone includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2016 to 2027 for the following segments:

Market, By Type

  • Fixed Wing Drone
  • Rotary Blade Drone
  • Hybrid Drone

Market, By Mode Of Operation

  • Remotely Operated Drones
  • Semi-autonomous
  • Autonomous

Market, By Application

  • Aerial Photography
  • Agriculture
  • Emergency Management
  • Inspection & Monitoring
  • Remote Sensing & Mapping
  • Wildlife Research & Preservation
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Australia
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • UAE
    • Israel
    • South Africa

 

Frequently Asked Questions (FAQ) :

Commercial drone market value crossed USD 20 billion in 2020 and is poised to expand at a CAGR of 15% through 2027, according to the GMI report.
Rotary blade drones in the U.S. will record a valuation of more than USD 10 billion by 2027 owing to their capability of vertical landing and take-off that helps the user in managing it within a small vicinity.
The UK remotely operated commercial drone industry accounted for 50% of the overall revenue in 2020 and will grow due to strict regulations that are followed by aviation authorities with the Line of Sight (LOS) protocol employed mandatorily.
The agriculture application in China will grow at a CAGR of 20% through 2027 with rising usage of drone technology in agricultural practices that provide farmers with decision making insights via Big Data analytics.

Premium Report Details

  • Published Date: Jul 2021
  • Pages: 335
  • Tables: 445
  • Charts / Figures: 37
  • Companies covered: 20
  • Countries covered: 18

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