Commercial Drones Market Business Overview, Trends Analysis, Growth, Demand and Forecast To 2029.pdf

Growing Applications Across Industries
Unmanned aerial vehicles (UAVs), commonly referred to as drones are quickly gaining traction
across several industries. Primarily used in military operations, commercial drones are growing
in demand across many industries including entertainment, supply chain and e-commerce,
construction, and security. The most common types of commercial drones available today include
remote-operated, semi-autonomous, and fully autonomous. Remote-operated commercial drones
are most common but their autonomous variants are also being tested through robust research and
development activities. The UAVs have also proven to be useful in relief and rescue missions
during natural disasters as a tool to assess the situation from a safe and remote location.
Government bodies are readily approving usage for e-commerce market players. All these factors
are expected to drive the global commercial drones market to promising business outcomes in the
forecast period.
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Growing Application Pool of Commercial Drones to Prolong Growth Trajectory of
Commercial Drones Market
As drone technology continues to develop, many industries are readying to leverage this tool. To
this end, many end-users of commercial drones are emerging across several industries. Some of
the most notable applications of commercial drones or UAVs include aerial photography,
filmmaking, surveillance, and mapping of geographical terrains, and precision agriculture among
others. In addition, the logistics and supply chain industry entities are actively investing in drone
technology to streamline their delivery systems. Many governments are using drones to monitor
wildlife remotely and combat poaching efforts. All these factors are projected to positively impact
the global commercial drones market across the study period.
Paced Demand for Fully Autonomous Drones to Facilitate Global Commercial Drones
Market Expansion
In recent years, fully autonomous commercial drones are being explored to further leverage the
technology’s benefits. Many global commercial drones market stakeholders are showing interest
in this lucrative technology. The integration of advanced artificial intelligence and IoT
technologies shall enable drones to manoeuvre across the ‘Beyond Visual Line of Sight (BVLOS)’
areas. Some of the key applications of this latest UAV innovation include the inspection of
railroads, bridges, power plants, and power stations. As the application pool of fully autonomous
commercial drones continues to deepen, more industries are expected to utilise this technology.
Such trends hint at the presence of lucrative opportunities in the global commercial drones market.
Supportive Government Norms, and Drone Tech Innovations to Sustain North America’s
Leadership in Commercial Drones Market
Favourable government efforts, a well-established tech industry, and reliable infrastructure is
aiding the growth of the regional commercial drones market in North America. The region was
one of the leaders in greenlighting commercial UAVs for various industrial applications. In
addition, the region is filled with several leading industry stakeholders. The supportive legal
framework for drone usage is further cementing North America’s status as the leading regional
market. On the other side of the globe, Asia Pacific is showcasing positive signs for drone
technology and legal framework, thereby promoting the growth of the commercial drones market.
Leading Market Participants
Some of the most active players in the global commercial drones market include Intel Corporation,
Autel Robotics, 3D Robotics Inc., Aeronavics Ltd., Teal Drones, Skydio Inc., Holy Stone, FLIR
Systems, Parrot Group, and Ehang Holdings Limited. They are investing heavily in mastering fully
autonomous drone technologies.
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