Commercial drone market, of late, has been witnessing an inflection point. While investment is soaring, companies are trying out their hands on untested applications. Air Taxis, for instance, is one such application vertical that have created a buzz in the business space lately. Renowned sports car manufacturer Porsche, has recently declared its plan of developing air taxi, in a bid to compete with other drone maker rivals like Uber, Volocopter, Airbus, etc. While most of the operations in the vehicle would be automated, the passengers, reportedly would also have some control on the flying machine. It now remains to be seen how this breakthrough project leaves an impact in commercial drone industry, once the full-fledged architecture come onboard.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• 3D Robotics
• AeroVironment Inc.
• Amazon Prime Air
• Bae Systems
• Cyberhawk Innovations Ltd.
• Ehang Inc.
• Hoverfly Technologies
• Intel Corporation
• Parrot SA
• Walkera Technology Co., Ltd.
• Xiaomi Inc.
• Yuneec International
Inherently influenced by the opportunistic wave, the strategic landscape of the business space has been experiencing hefty investment projects via M&A activities. ADIF’s recent declaration of significant funding in Aerodyne’s drone technology can be symptomatic evidence of the same. Though the total sum has not yet been revealed, the venture capital fund formed by Axiata Group has reportedly poured close to double digit million in the globally acclaimed drone solution provider. Allegedly, through this alliance with Axiata, Aerodyne Group is planning to establish itself as a forerunner in the global commercial drone market. As per experts’ opinion, this hefty investment represents Axiata’s confidence in Aerodyne Group’s advanced drone technology, currently deployed across 10 nations globally.
Commercial Drone Market, By Product
• Fixed Wing Drone
• Rotary Wing Drone
• Hybrid Drone
Commercial Drone Market, By Mode of Operation
• Remotely Operated Drone
• Semi-autonomous Drone
• Autonomous Drone
Commercial Drone Market, By Application
o Aerial photography
o Emergency Management
o Inspection & Monitoring
o Remote Sensing & Mapping
o Wildlife Research & Preservation
The agriculture industry has emerged as one of the major end-users in the commercial UAV market. They are used for a wide range of applications such as planting, soil and field analysis, crop monitoring, health assessment, crop spraying and irrigation in the complete crop cycle. Other use cases include producing a precise 3D map for soil analysis, which can guide in planning of seed planting patterns. A drone-driven method of soil analysis offers data for nitrogen level and irrigation management, which is also estimated to be a major factor driving the commercial UAV market demand.
Over the recent years, the commercial drone/UAV market has garnered immense popularity owing to the substantial increase in civil applications of unmanned aerial vehicles. It is quite a well-known fact that the commercial utilization of unmanned aerial vehicles has been steadily rising since the early 1980s. However, a significant increase in investments and the relaxation of some regulatory norms across the globe have opened up an array of practical applications of drones across numerous business domains. This has, in consequence, acted as a pivotal factor in propelling the commercial drone/UAV market share in the recent times. In fact, as per a research report by Global Market Insights, Inc., the global commercial drone/UAV industry commanded a total valuation of over USD 2 billion in the year 2016.
Asia Pacific is estimated to gain substantial growth during the forecast period owing to the rapid increase in awareness for civilian drone applications and relaxation by government for the use of UAVs for commercial purposes. Furthermore, the presence of substantial number of drone’s manufacturers in the region, especially in China, such as DJI and Xiaomi, is also estimated to be drive the growth of the commercial UAV market. The market is also aided by adoption of drones by the customers and enterprises in fields such as agriculture, retail, and construction.
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The major vendors in the commercial UAV market are 3D Robotics, Airobotics, AeroVironment, Airware, Amazon Prime Air, Bae Systems, Cyberhawk Innovations Ltd., DroneDeploy, DJI, Ehang Inc, Hoverfly Technologies, Intel Corporation, Parrot, PrecisionHawk, senseFly, and Yuneec International. These players are leveraging on the various strategies such as product launch, and strategic alliance to enhance their product portfolio and gain market share. For instance, In January 2017, DJI acquired Hasselblad, a Swedish camera company. The acquisition will strengthen DJI’s presence in high-end camera drones landscape by combining DJI’s aerial drone technology with Hasselblad’s cameras.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.