The global Commercial Drone Market size is anticipated to reach USD 129.23 billion by 2025, registering a CAGR of 56.5% over the forecast period.
The growing adoption of smartphones, rising demand for aerial services, and increased demand for drone services from various sectors would supplement the growth of commercial drone market. Leading players are aiming to explore new technologies and applications to meet the growing demands of customers. Collaborations and acquisitions would enable them to enhance their product portfolios and expand into different geographies.
Market Player in the commercial drone market includes, DJI, Yunee, Parrot Drone, AeroVironment Inc., SenseFly, Kespry, 3D Robotics, Go Pro, Autel Robotics and Holy stone.
In June 2020-China-based global leader DJI launched a new full drone range, handheld imaging systems and Cost-effective LiDAR Technology. It is very economics and excellent in applications due to advancement and new technologies.
Upcoming Drone in Market: Amsterdam Drone Week Hybrid, coming in 1 - 3 December 2020. Amsterdam Drone Week is the global platform for sharing knowledge on current air solutions, potential innovations and vital regulations. During three days we will connect all key players, big and small, commercial and non-commercial, from various industries, knowledge institutes and authorities, to co-create and co-operate and creating urban air solutions together. Dutch Drone Data, Space53 drone test and his partner Enschede drone development center has panned for future drone. The inspiration is fuelled by a number of demonstration flights where there are demonstrations for emergency services showing how they can respond faster and better to emergencies through the use of drone technology and there will be a demonstration of how a drone could deliver an AED in sparsely populated areas. “These solutions developed in the Netherlands are of great social importance, but there are still many hurdles to overcome before they can be deployed on a large scale. The Dutch Drone Delta can make an important contribution to boosting and accelerating the Dutch drone sector” says Marc Sandelowsky of Space53.
Airhub Launched in July, 2020 new drone app. AirHub app is already a convenient tool for professional drone pilots. Not only does the app provide support during flight preparation, it is also possible to control your DJI drone and log all data of your flight (automatically). With the new major update, it is now possible to register incidents, record maintenance activities and show different map layers. With the introduction of new European drone regulations in 2021, BVLOS-flights come by end of this year. The biggest economic and social potential of drones is conducting professional BVLOS-flights. This opens a new world full of opportunities” according to Bart Remes, project manager at MAVLab. “The development of the drone sector is worldwide accelerating in a major speed. The Netherlands has a good starting position, but we would like to full advantage of this development and it is essential that there is a structural possibility of BVLOS-test flights. In Europe, the division is now being made, so the faster we take part, the better”.
Market Segmentation is classified in on the basis of product, Application and region. Commercial Drone Application, Filming & Photography, Inspection & Maintenance, Mapping & Surveying, Precision Agriculture and Surveillance & Monitoring. On the basis of product it divided into Fixed-Wing, Rotary Blade and Hybrid. Geographically it has been segmented into North America, Europe, Asia-pacific and Row. The Europe commercial drone market is projected to hold a market share of over 10% by 2024 due to favorable government initiatives to promote the usage of drones for various industrial applications.
Future of drone sector has huge demand in market. Increasing the technologies and development in drone sector is biggest base of the market growth. We will see a tremendous technologies in drone which applicable in various platforms.