DUBLIN–(BUSINESS WIRE)–The “Commercial Drones Global Market Report 2021: COVID-19 Growth and Change to 2030” report has been added to ResearchAndMarkets.com’s offering.
Major players in the commercial drones market are DJI, Parrot SA, Aerovironmen, PrecisionHawk and Draganfly.
The global commercial drones market is expected to grow from $3.73 billion in 2020 to $4.48 billion in 2021 at a compound annual growth rate (CAGR) of 20.1%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $9.78 billion in 2025 at a CAGR of 22%.
The commercial drones market consists of sales of commercial drones. These multi-functional flying devices are used by entities to collect and consolidate data, conduct safety and security checks and inspection. This market mainly comprises of fixed wing drones, rotary blade drones and hybrid wing drones supported by a variety of services and used for a variety of applications.
The commercial drones market covered in this report is segmented by type into fixed wing drones, rotary blade drones, hybrid drones. It is also segmented by application into agriculture and environment, media and entertainment, energy, government, construction & archaeology, others and by technology into remotely operated, semi-autonomous, autonomous.
Increasing supply chain and manufacturing disruptions are limiting the sales of drones owing to the COVID19 outbreak. Drones manufacturers are struggling to meet production schedules across the world owing to the disruptions caused by coronavirus lockdowns in Chinese manufacturing systems. According to Drone Life’s article posted in March 2020, Skydio, a USA-based company engaged in assembling drones, is suffering from supply chain disruptions caused by the slowdown in the manufacturing of the parts.
Moreover, many companies are experiencing slowdowns of shutdowns in manufacturing activities due to COVID19 lockdowns, which is impacting the availability of subcomponents to the assembling companies in a snowball effect. Therefore, the disruptions in the supply chain and manufacturing disruption are expected to restrict the growth of the commercial drone’s market during 2020.
Drone leasing is a better offer for most companies seeking to save on drone-related investments. Many entry-level companies that do not have sufficient financial backing can aid themselves with leasing drone-related solutions rather than purchasing them at full price. For example, Kespry and LiDARUSA are companies that focus on leasing commercial drones to other companies.
Commercial drones are being considered by companies that have last-mile delivery as a main business process. The drones will help reduce cost per delivery and delivery time, thus increasing profits. Therefore, increasing the growth of the commercial drone’s market.
According to a McKinsey report, if companies save 40% of their delivery costs using drones, then they will enjoy a 15-20% increase in their profit margin and a 15-20% decrease in their product or service prices. For example, in March 2019, Zomato, an Indian food delivery company, has conducted experiments to enable drone delivery in their value chain.
In January 2019, FLIR systems, Inc., a US-based company which designs, manufactures, and markets thermal imaging and infrared camera systems, acquired Aeryon Labs for $200 million. With this acquisition, FLIR Systems will integrate their current offerings with drone technology to provide multiple solutions to many different issues. Aeryon Labs, a leading developer of high-performance unmanned aerial systems (UAS) for the global military, public safety and critical infrastructure markets.
Key Topics Covered:
1. Executive Summary
2. Commercial Drones Market Characteristics
3. Commercial Drones Market Trends and Strategies
4. Impact of COVID-19 on Commercial Drones
5. Commercial Drones Market Size and Growth
5.1. Global Commercial Drones Historic Market, 2015-2020, $ Billion
5.2. Global Commercial Drones Forecast Market, 2020-2025F, 2030F, $ Billion
6. Commercial Drones Market Segmentation
6.1. Global Commercial Drones Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Fixed wing drones Rotary blade drones Hybrid drones 6.2. Global Commercial Drones Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Agriculture and environment Media and entertainment Energy Government Construction & archaeology Others 6.3. Global Commercial Drones Market, Segmentation By Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Remotely Operated Semi-Autonomous Autonomous 7. Commercial Drones Market Regional and Country Analysis
7.1. Global Commercial Drones Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Commercial Drones Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
DJI Parrot SA Aerovironment PrecisionHawk Draganfly 3D Robotics AsTec XAIRCRAFT ZeroTech ZeroTech Yamaha Lockheed Martin Yuneec DroneDeploy SenseFly Insitu Kespry LiDARUSA Ehang Delair Nutel CyPhy Aerialtronics GoPro FLIR Intel For more information about this report visit https://www.researchandmarkets.com/r/u27qi9