Competition Scenario in Global Commercial Drones Market

The Global Commercial Drones market is competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche tech offerings, such as autonomous or advanced navigation systems, increased range, heavy payload, image stitching, red, green, and blue (RGB) color model, and more.

Country-Niche players constitute about ~45% of the market, while regional players hold a share of ~35%. Some of the major players in the market include AeroVironment Inc., SZ DJI Technology Co., Ltd., Parrot SA, Sense Fly (AgEagle Aerial Sys), Insitu Inc., Yuneec International CO. Ltd, Autel Robotics, Delair, Ehang Holdings Limited, Aerialtronics, and among others.

What is the Expected Future Outlook for the Overall Global Commercial Drones Market Across the globe?

The Global Commercial Drones market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Commercial Drones market is driven by the advancement of remote sensing and surveillance technologies, such as automatic dependent surveillance-broadcast (ADS-B). However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

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With the increasing innovation and emergence of new products, the Global Commercial Drones market is changing rapidly. For instance, In September 2022, AeroVironment, a U.S.-based vehicle manufacturer, unveil the new unmanned aircraft system (UAS) named ‘VAPOR Helicopter’, which supports increased endurance and expanded payload capacity to meet evolving needs of defense, commercial, and industrial customers.

In September 2022, Autel Robotics, a Chinese drone manufacturer, announced the launch of new drones and supporting products, including the new ‘Autel EVO II V3 Series’, a new Live Deck video streaming accessory, and two new smart controllers to support the updated drones.

The global Commercial Drones market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the expansion of commercial drones is the rising adoption of advanced technologies, including artificial intelligence (AI), and machine learning (ML) across industries and increased application areas, including precision agriculture, aerial imaging, cargo management, traffic monitoring, and others. Though the market is highly competitive with ~100 participants, few global players control the dominant share and regional players also hold a significant share.

Market Taxonomy

By Type

Fixed Wing
Rotary
Hybrid

By Mode of Operation

Remotely Operated
Semi-Autonomous
Autonomous

By Application

Mapping & Surveying
Precision Agriculture
Filming & Photography
Inspection & Maintenance
Others

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By Geography

North America

USA
Canada
Mexico

Europe

France
Italy
Germany
Spain
UK
Rest of Europe

Asia Pacific

China
India
Japan
South Korea
Australia Rest of Asia Pacific

LAMEA

Latin America
Middle East
Africa

For more insights on the market intelligence, refer to below link:-

https://www.kenresearch.com/business-research/global-commercial-drones-market-outlook-2028/