Global Commercial UAV Market is Anticipated to Reach USD 2.07 billion by 2022

Global Commercial UAV Market is anticipated to reach USD 2.07 billion by 2022 due to its growing applications in defense and agricultural sectors. UAVs (Unmanned Aerial Vehicles) are miniature pilot-free aircrafts controlled by a remote and use aerodynamics services for aerial functions and navigation. They carry payloads like parcels, medical supplies, heavy material like fire extinguishers, etc., cameras to conduct military and commercial surveillances and perform both videography and photography.


Commercial UAV market is driven by factors like constant technological innovation for unmanned aerial vehicles, increase in demand due to security concerns, growing demands of high definition satellite pictures and rise in initiatives for research & development. The technological innovation like enhancements in cameras, mapping software, specifications of drone, sensory applications are fueling the commercial UAV industry.


Most of the times, aerial services require surveillance in residential areas, which may disturb privacy of people. Hence, national security and privacy issues are expected to hinder commercial UAV market growth in the years to come. Moreover, strict regulations regarding aerial services in countries like U.K and U.S is negatively affecting the progress of the market of commercial UAV. Wide acceptance of UAV in different applications require extended regulatory framework that challenges the market, especially for security reasons.


Request a Sample Copy of This Report: https://www.millioninsights.com/industry-reports/commercial-uav-market/request-sample


Commercial UAV industry is categorized on the basis of type, application, and geography. On the basis of type, the market is divided into nano drones, rotary blade drones, fixed wing drones, and hybrid drones. Rotary drones hold larger market share of commercial UAV owing to its extensive use by professionals for aerial video surveillance(defense sector) and aerial photography (hobbyists).


Based on application, commercial UAV market is split into military purpose, monitoring purpose, surveying and mapping, law enforcement and agriculture. Military segment is expected to lead the market of commercial UAV since UAVs can effectively reduce security damage, identify and strike targets, while making it an ideal asset for defense.


Geographically, commercial UAV industry is segmented as North America, Europe, Asia Pacific, and RoW. Owing to the increased application of UAV in residential security, commercial areas and military purposes, North America is expected to dominate the market. Moreover, the growing concerns regarding terrorism and security is stimulating the demand for UAV in emerging countries of Asia Pacific.


The key players in commercial UAV industry include AeroVironment, Inc., 3D Robotics, Inc., SZ DJI Technology Co., Ltd., Leptron Unmanned Aircraft Systems, Inc., Trimble Navigation Ltd., Parrot SA, PrecisionHawk Inc., Aeryon Labs Inc., Yuneec International Co. Ltd., Insitu Inc., Xiaomi Inc., Sentera, senseFly, Quadrocopter, Dragany Innovations, LLC, General Electric Co., Identified Technologies, and others. Despite intense competition among manufacturers, DJI and senseFly sustain top rankings and gain significant percentage of Drone Deploy users in the market of commercial UAV.


Browse Full Research Report with TOC:  https://www.millioninsights.com/industry-reports/commercial-uav-market


Market Segment:


Commercial UAV Product Outlook (Revenue, USD Billion, 2012 - 2022)


    • Fixed wing

    • Rotary blade

    • Nano

    • Hybrid


Commercial UAV Application Outlook (Revenue, USD Billion, 2012 - 2022)


    • Agriculture

    • Energy

    • Government

    • Media & Entertainment

    • Others


Commercial UAV Regional Outlook (Revenue, USD Billion, 2012 - 2022)


    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • MEA

continue........


Get In Touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.


Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com


Global Headquarters

Million Insights

Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States

Phone: 1-408-610-2300

Email: sales@millioninsights.com


Asia Pacific

Million Insights

Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India

Phone: 91-20-65300184


Comments

Post a Comment

Popular posts from this blog

Car Rental Services Industry Procurement Intelligence, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027

  Procurement Outlook The car rental industry has witnessed significant growth in the last ten years due to the increasing penetration of online rental car booking applications. The market is emerging as one of the key segments in the global transportation industry, as  car rental services   not only benefit customers and rental companies but also car manufacturers. Automotive manufacturers have started leasing cars to small rental companies who increase their fleet size without making large investments. There has been a significant increase in global travel in the last few years. Global commuters are increasingly demanding familiar, reliable, and high-quality travel services during their travel. Some regional car rental operators are attempting to leverage this trend by expanding their brand and distribution platforms on a global level. The implementation of an integrated global car rental system is expected to enable these operators to manage their widespread business operations. Dem
Read more

Activated Carbon Industry Procurement Intelligence Low & Best Cost Country, Day One Analysis Report, 2020 – 2025

  Procurement Outlook Activated carbon is a form of carbon that is processed to contain small, low-volume pores. These pores increase the surface area available for adsorption or chemical reactions. Activated carbon is used in various applications like gas purification, analytical chemistry, industrial use, medical purposes, fuel storage, chemical purification, mercury scrubbing, etc. The two most commonly used types of activated carbon are powdered activated carbon and granular activated carbon. Activated carbon is sold in wholesale quantity at a flat fee transactional model. The prices are regulated. The price of  activated carbon  has demonstrated fluctuations over the last year. For example, the domestic price trend in China for activated carbon in August 2020 averaged at USD 1,550.57 per metric tonne. In the last year, it rose to an all-time high of USD 1,642.19 in November 2020. Post then, the prices have dipped. Currently, the price stands at USD 1381.58 per metric tonne. Demand
Read more

Recycled Glass Industry Procurement Intelligence, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027

  Procurement Outlook Growing awareness about the environment and the need of reducing glass waste in driven the need for glass recycling. Glass is 100% recyclable and can be recycled endlessly without loss in quality or purity.  Recycled glass  can be substituted for up to 95% of raw materials. Recycled glass reduces carbon emissions, reduces the consumption of raw materials of glass manufacturing, extends the life of plant equipment, such as furnaces, and saves energy.  Following is the process of industrial glass recycling: Collection of recyclable glass Transportation of recyclable to a material recovery facility (MRF) Collected glass waste is separated by material type Glass from the MRF and drop-off locations is sent to a glass processing company Glass is separated from other waste and contaminants Sorting of glass based on color Glass cullet is sold to glass container manufacturers Glass container manufacturers then use that glass cullet to make new glass containers Demand Outlo
Read more