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Commercial Drone Market Size:
The global Commercial Drone Market is estimated to grow from USD 5.59 Billion in 2019 to reach USD 31.69 Billion by 2027, at a CAGR of 24.3% during the forecast period from 2020-2027.
The growing necessity to automate recruitment processes, increasingly expanding talent pool across diverse geographies, evolving need for analytics matrices in the recruitment process, and emphasis to improve candidate experience is expected to drive the growth in the market for Commercial Drone in the mobile phones.
Drivers responsible for growth in the market include:
• Technologically advanced products
• Promising market growth rate for drones
• Growing market demand for location-based services
Factors restraining market growth:
• Privacy and security concerns
Market Opportunities include:
• Growing number of startups and venture funding for drone development startups
• Rising demand in application areas like GPS, LiDAR, mapping services, and others
Commercial Drone Market by Type (Fixed Wing Drones, Rotary Blade Drones and Hybrid Drones); Application (Filming & Photography, Inspection & Maintenance, Mapping & Surveying, Precision Agriculture, Surveillance & Monitoring and Other Applications); by End Use (Agriculture, Delivery & Logistics, Energy, Real Estate & Construction, Media & Entertainment, Security & Law Enforcement and Other Uses) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027
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Key Players Analysis:
The report provides key player analysis along with company revenue shares in order to give a broader overview of the market players in the Commercial Drone market. Major players in market are SZ DJI Technology Co., Ltd., Parrot Drones SAS, Xiaomi, AeroVironment Inc., 3D Robotics, INSITU, Leptron Unmanned Aircraft Systems, Inc. , Precisionhawk Inc., Yuneec International Co. Ltd. , Aeryon Labs Inc., EHANG, and Trimble Navigation Ltd. among others.