Global Commercial Drone-enabled Services Market 2016-2020

The infographic below contains key findings from our analysis of the commercial drone-enabled services market

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Overview of the global commercial drone-enabled services market

The global commercial drone-enabled services market analysis predicts the market to grow at a CAGR of more than 35% during the forecast period. One of the latest developments in this market is the integration of commercial drones with VR technology. The integration of VR and AR into commercial drones offer different solutions for workforce automation. Moreover, with the use of such drones, companies aim to reduce human error. Countries such as the US are expected to implement these commercial flights primarily for infrastructure, industrial, and defense purposes in the coming years. Another trend gaining significance in the market is the growing popularity of camera drones, which are equipped with smart cameras and smart sensors. Also, since they offer users specialized videos and high-quality photos and uploads photos and videos easily. With the increasing application of commercial drone-enabled services in construction, agriculture, and law enforcement agencies, the market for such services will witness high growth over the next four years.

In terms of geography, APAC is expected to hold the highest commercial drone-enabled services market share during the forecast period.  Much of the region’s fast growth can be attributed to the increasing use of such services by vendors across diverse industries such as construction and agriculture. Commercial drone-enabled services assist in minimizing operational and monitoring expenses. Moreover, the increasing awareness among consumers has pushed several drone manufacturers to launch their manufacturing units in the region, thereby intensifying competition among market vendors.

Competitive landscape and key vendors

Marked by the presence of several vendors, the global commercial drone-enabled services market is one of the fastest-growing markets. According to the commercial drone enabled services market statistics, intense competition prevails in the market, which has pushed vendors to distinguish their product and service offerings through clear and unique value propositions. These players are coming up with several innovative product features, low-cost products, a guarantee of high-quality images, and easy accessibility of products to gain market traction.

According to the commercial drone-enabled services market research, the leading vendors in the market are -

• 3D Robotics
• AeroVironment
• DJI
• Leptron
• Parrot
• PrecisionHawk
• Trimble UAS

Other prominent vendors in the commercial drone-enabled services market include Airdog, Airware, Alibaba.com, Amazon.com, Delair-Tech, Delta Drone, DHL Express, DroneDeploy, ECA Group, Facebook, Freeport-McMoRan, Google, GoPro, Hexo+, Hoovy, Microdrones, Oceaneering International, Redbird, SURVEY Copter, and VDOS Global.

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Segmentation by application and analysis of the commercial drone-enabled services market

• Delivery services
• Disaster management
• Photography and entertainment
• Surveillance
• Weather forecast

The delivery services segment will contribute to the highest commercial drone-enabled services market revenue. These drones find extensive usage in transportation and delivery purposes and are used to deliver couriers and small packages such as pizzas, letters, medicines, and beverages at short distances. Although the use of commercial drone-enabled services was restricted for delivery services to maintain the security of citizens, governments of several countries are formulating rules and regulations for the use of these drones, such as maintaining the flight height and speed owing to the growth of the commercial drone enabled services market size. 

Segmentation by industry and analysis of the commercial drone-enabled services market

• Construction
• Agriculture
• Transportation
• Media
• Security
• Telecom

The application of drones in construction sites is comparatively new and occupies the highest share in the market. These drones assist contractors in supervising the progress of the project for the entire project life cycle through aerial photography. With the use of drone technology, construction engineers can precisely monitor projects and compare plans to better coordinate material and labor distribution on site. They are also used to develop 3D models promptly and with accuracy. Drones are fabricated to access approachable locations such as eroded coastlines and mountaintops. They help in obtaining high-solution data that can be used later for 3D mapping and contouring of locations.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global commercial drone-enabled services market?
• What are the key market trends impacting the growth of the global commercial drone-enabled services market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial drone-enabled services market?
• What are the market opportunities and threats faced by the vendors in the global commercial drone-enabled services market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial drone-enabled services market?

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