Commercial Drones Market Registering Phenomenal Growth- Ready to Reach $10,738 Million Globally by 2022

1. GLOBAL COMMERCIAL DRONES MARKET Aircrafts that have the capability of autonomous flight with the help of an embedded program, and can be remotely operated from ground by a pilot are called as drones. Commercial drones are unmanned aerial aircrafts that are designed for commercial applications such as risk mitigation, resource planning, research & excavation, urban planning, engineering, farming management, tourism, aerial imaging, LiDAR applications, cargo management, weather monitoring, traffic control, green mapping, and others. GLOBAL OPPORTUNITY AND FORECAST 2022

2. COMMERCIAL DRONES MARKET ANALYST REVIEW Heavy investment in R&D activities related to drone technology have fueled the use of innovative tools for the development of commercial drones. In addition, increase in demand for GIS (geographic information system), LiDAR (Light Detection and Ranging), aerial & mapping services across various industries is expected to boost the adoption of commercial drones. In addition, increased demand for aerial imaging market in developing economies and rapid penetration of high definition cameras present lucrative opportunities to the commercial drone market. Pankaj LanjudkarLead Analyst, ICT

3. CURRENT AND FUTURE MARKET SCENARIO • The global commercial drones market was valued at $2,145 million in 2015. • The global commercial drones market is projected to reach $10,738 million by 2022. • The global commercial drones market growing at a CAGR of 26.2% from 2016 to 2022. • The rotary blade segment dominated the global commercial drones market in 2014. • The hybrid drones segment is expected to grow at the highest CAGR of 28.3% from 2016 to 2022.

4. TOP IMPACTING FACTORS TO MARKET GROWTH • Technologically Advanced Products. • Digitization and technological advancements in camera, drone specifications, mapping software, multidimensional mapping, and sensory applications are expected to fuel the commercial drone market growth during the forecast period.  • Privacy and Security Concerns. • Privacy issues and national security regulations are expected to negatively affect the market in the coming years. Aerial services sometimes require filming and photography in civilian areas, which affects the privacy of people. • High-Resolution Satellite Imagery as a Substitute. • Earlier, satellite imagery was a costly proposition, but now companies focus on developing technologically advanced, high precision, and cost effective imagery solutions. • Increased Application Areas for GIS, LiDAR, Mapping Services, and Others. • Increase in demand for GIS, LiDAR, and mapping services from various sectors such as agriculture, energy, tourism, and others fuels the commercial drone market growth.

5. COMMERCIAL DRONES MARKET SEGMENTATION • BY TYPE • Fixed wing drones • Rotary bade drones • Hybrid drones segment • BY APPLICATION • Agriculture and Environment • Media and Entertainment • Energy • Government • Construction & Archaeology • Others Get PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/974

6. The rotary blade segment dominated the global commercial drones market in 2014. The construction & archeology segment is anticipated to present significant growth opportunities for key players operating in the global market. The hybrid drones segment is expected to grow at the highest CAGR of 28.3% from 2016 to 2022.

7. GEOGRAPHICAL OVERVIEW • Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • North America dominated the global market in terms of market size, while Asia-Pacific is estimated to grow at a significant growth rate during the forecast period.

8. DOMINATING MARKET PLAYERS PROFILED IN THE STUDY • AeroVironmentInc. • SZ DJI Technology Co. Ltd. • Parrot SA • 3D Robotics Inc. • Leptron Unmanned Aircraft Systems Inc. • PrecisionHawk Inc. • Yuneec International Co. Ltd. • Aeryon Labs Inc. • Trimble Navigation Ltd. • Insitu Inc.

9. A Report Titled “Commercial Drones Market- Opportunities And Forecasts, 2014– 2022” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About Commercial Drones Market- Opportunities and Forecasts 2014-2022 https://www.alliedmarketresearch.com/commercial-drone-market Get PDF Sample Copy https://www.alliedmarketresearch.com/request-sample/974 Follow Allied Market Research

10. ABOUT ALLIED MARKET RESEARCH Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: ShriramDighe 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com