The UAV market was valued at USD 18.14 Billion in 2017 and is projected to reach USD 52.30 Billion by 2025, at a CAGR of 14.15% from 2018 to 2025. The objective of this study is to define, describe, segment, and forecast the UAV market based on UAV type, application, class, system, mode of operation, range, point of sale, MTOW, and region. The report provides a detailed overview of the competitive landscape of the UAV market and profiles of companies based on their financial positions, product portfolios, and growth strategies adopted by them to sustain their position in the market. It also analyzes core competencies of key players and their market shares to anticipate the degree of competition prevailing in the UAV market. The report also tracks and analyzes competitive developments, such as partnerships, mergers & acquisitions, new product launches, and research & development activities. The base year considered for this study is 2017 and the forecast period is from 2018 to 2025.
The global commercial drone industry size is anticipated to reach USD 129.23 billion by 2025, registering a CAGR of 56.5% over the forecast period, according to a new report by Grand View Research, Inc.
The market is characterized by the growing application scope spanning a wide range of sectors such as construction, photography, real estate, and agriculture.With their capability to reach places that humans and other machines cannot, and their onboard computer controlled cameras, commercial Unmanned Aerial Vehicles (UAVs) hold enormous potential to help farmers to monitor crops, law enforcement authorities to sharpen surveillance activities, and to support insurance agents in accessing damaged assets.
Drone hardware has also become more affordable to produce and purchase over the years.There has been a notable improvement in battery life along with the progress in the degree of autonomy for UAVs.
As a result of all these developments, contemporary drones possess the ability to be used across a broad range of applications in the commercial sector, leading to their increased adoption across a range of commercial applications.In terms of product type, the commercial drone industry for rotary blade drones is expected to expand at a significant CAGR over the forecast period due to their increasing use in filming and photography applications.
These type of UAVs offer the ease of maneuvering in tight spaces and are ideal for detailed work.
In terms of revenue, the market for rotary blade drones is expected to register a CAGR of over 55% during the next six years.Further key findings from the report suggest:Commercial drones offer an elevated panoramic view for collecting facts, which contribute enormously in monitoring a variety of parameters such as traffic flow and weatherDemand in agriculture is expected to exhibit a CAGR of more than 60% over the forecast period.
According to the new market research report by IndustryARC titled “Agricultural Drones Market By Rotor Type, By Battery Life, By Applications & Geography – Forecast (2018 - 2023)”, the market growth will be enhanced by the growing trends of automated farming practices worldwide.
Economical navigation and visualisation, which includes inspection and mapping assists the farmers in monitoring their fields.
This factor drives the demand for drone aerial spraying in the forecast period.• The popularity of agricultural drone technology has increased among farmers due to its vast applications.• Quick availability of information and low cost operations will enhance the growth of the UAV sprayer.• Ability of the agro drones in monitoring farm and weather conditions will boost their growth in the future.Key players of the Agricultural Drones Industry:The key players which dominate the agricultural drones market include 3D Robotics, DJI, Precision Drones, Ageagle LLC, Agribotix LLC, and 10+.
Agribotix LLC provides drone-enabled technologies for agricultural applications.
By Geography (covers 17+ countries) E. By Entropy F. Company profiles 1.3D Robotics 2.
Revenue and Volume AnalysisDoes IndustryARC provide customized reports and charge additionally for limited customization?Yes, we can customize the report by extracting data from our database of reports and annual subscription databases.
