According to the report, “Global Commercial Drone Market, By Type (Fixed Wing Drone, Rotary Wing Drone, Nano Drone, Hybrid Drone), By Application (Agriculture, Media & Entertainment, Inspection Service, Law Enforcement and Disaster Management, Aerial Survey, Education and Training), By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, Latin America) Report - 2014 to 2022”, the commercial drone (UAV) market was expected to be worth USD 1.06 billion in 2016 and is anticipated to reach USD 2.75 billion by 2022. The market is expected to grow at a CAGR of 17.1% from 2016 to 2022.
The global commercial drone market report provides details about the revenue forecasts for the market. It highlights the key drivers, restraints, market share and segmentation, along with the in-depth analysis of all the geographic segments.
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According to the commercial drone market report, the market is expected to witness impressive growth by 2022. The strong technological advancements and growth in the application segments are expected to be some of the major driving factors for the market. Impressive growth in demand from different end-user industries, such as agriculture, media and entertainment, mining, and energy and power is expected to fuel the overall growth of this market. The key market players are interested in the development of advanced commercial drones, which is expected to drive the research and development activities in this market. However, data privacy is suggested as the major restraining factor for the market.
The commercial drone market report segments the global market by the types of drones, their applications, and geographic regions. The report sub-segments the major types of commercial drones into the rotary wing, hybrid, and nano drones. It sub-segments the major applications into media and entertainment, agriculture, disaster management, law enforcement, education, training, aerial survey, and inspection services. The major geographic regions of the market include Asia-Pacific, Europe, North America, Latin America, and Middle East and Africa.
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The key players mentioned in the commercial drone market report include:
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