Global Commercial Drone Market Size Anticipated to Reach USD 129.23 billion by 2025

4-july-19 The global commercial drone market 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.

 Grasp advance knowledge on Commercial Drone Market:- https://www.radiantinsights.com/research/commercial-drones-market

In terms of product type, the commercial drone market 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 weather

• Demand in agriculture is expected to exhibit a CAGR of more than 60% over the forecast period. The use of UAVs is enabling farmers to shift from traditional farming activities to precision agriculture

• Drone usage trends vary across the regions depending on the relative adoption by different industries. Delivery and logistics is one of the fastest growing end use segments

• Increased investment in R&D activities is expected to open significant opportunities for companies specializing in the development of advanced commercial drones. New age drones are also expected to showcase artificial intelligence and machine vision capabilities for applications such as image recognition

 Table of Contents

Chapter 1 Report Scope
1.1 Segment Market Scope
1.2 Regional Scope
1.3 Estimates & Forecast Timeline

Chapter 2 Methodology
2.1 Research Methodology
2.2 List to Data Sources
2.2.1 Secondary sources
2.2.2 Primary sources

Chapter 3 Research Objective

Chapter 4 Executive Summary
4.1 Commercial Drone Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
4.2 Market Summary
4.3 Commercial Drone Market, 2014 - 2025

Access the Case Study "Global Commercial Drone Market" @ https://www.radiantinsights.com/research/commercial-drones-market/request-sample

 If you have any special requirements, please let us know and we will offer you the report as you want.

Comments

Post a Comment

Popular posts from this blog

TV and Radio Subscription Market Landscape and its Growth Prospects over the coming years from 2017-2021

TV subscription is the service that is delivered (on paying a subscription fee) to the viewer using a cable or over the air. Video and voice services, games, movies, and contents from various demographics are some of the most popular services offered by the TV operators. Request a Sample Copy of This Report:   https://www.radiantinsights.com/research/global-tv-and-radio-subscription-market-2017-2021/request-sample Covered in this report The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The market is divided into the following segments based on geography: APAC EMEA The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors Bell Media CBS Comcast Cox Communications DISH Network Pandora Radio Sky Other prominent vendors ABC Radio Altice USA America Movil AT&am
Read more

Global Online Takeaway Food Market Size and Analysis by Trend, Regions 2018

23-oct-2018 Global Online Takeaway Food Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Online Takeaway Food is a process of ordering food from food cooperative or restaurant via an online application or web page. Rising working people populace, expansion of internet penetration for ordering food online, growing urbanization, rapid access to mobile phones, and rising disposable income are documented as major factors of Online Takeaway Food Market that are estimated to enhance the growth in the years to come. However, growing obese populace, low in nutrition, and rising importance of healthy health among customers are the factors that may restrain overall market in the coming years. Online Takeaway Food Market is segmented based on type, product type, application, and region. Mobile apps, restaurant-controlled, independent, and other types could be explored in Online Takeaway Food in t
Read more

U.S. E-cigarette And Vape Market size is expected to reach USD 18.5 billion by 2025

Image
7-aug-19 The U.S. e-cigarette and vape market exhibiting a CAGR of 24.1% from 2019 to 2025, according to a new study conducted. The ability of e-cigarettes to reduce exposure to potentially toxic substances is expected to drive the market over the forecast period. Another factor that is expected to drive the market is that health hazards associated with electronic smoking and vaping devices are relatively lower as compared to conventional tobacco cigarettes. Changing lifestyle and preferences of adult smokers bodes well for the U.S. market. Adult smokers who are addicted to smoking but are willing to quit the habit are shifting from conventional tobacco cigarettes to electronic variants, thereby driving the adoption of the latter over the forecast period. Electronic smoking devices and products claim to minimize the risk of cancer usually posed by conventional cigarettes. Moreover, vaping devices do not have any smoke associated with them, which means, they pose fewer health r
Read more