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Published: Aug, 2015 | Pages:
88 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)
The global commercial drone market size is expected to reach USD 2.07 billion by 2022, according to a new report by Grand View Research, Inc. Increased utility in law enforcement and agricultural applications is expected to play a pivotal role in market growth over the forecast period. Having made their presence felt in the military sector, these Unmanned Aerial Vehicles (UAVs) have gradually gained prominence in the commercial sector and are foreseen to surpass the growth observed in the former.
Prominent retailers and e-commerce players have experimented the use of drones to deliver packages to consumers in a much shorter duration as compared to the traditional delivery media. The use of drones for retail is pending government approval, particularly in the U.S. Once regulatory clearance is obtained, drones are expected to revolutionize the retail sector.
Further key findings from the study suggest:
Government applications which include law enforcement, infrastructure, and research & development contributed to over 40% of the market revenue in 2014. Commercial drones have garnered importance in search and rescue missions, scientific research, and mapping. Agriculture is expected to emerge as a lucrative application sector over the forecast period. These UAVs aid farmers by taking snapshots of a vast array of fields and providing crucial data pertaining to soil and crops, thereby assisting in crop management. Use of UAVs in retail is expected to transform the industry dynamics and is foreseen to positively shape market growth.
Rotary blade drone accounted for over 75% of the market share in 2014. Its popularity can be attributed to the fact that it is capable of flying in every direction as well as hovering in a fixed position, which its fixed wing counterparts cannot achieve. Fixed wing drone is more suited for aerial mapping, undertaking topographic surveys, and terrain modeling of larger areas which include stockpiles & mine sites.
North America contributed to over 55% of the global revenue in 2014, which can be attributed to high production and increased use in law enforcement and agricultural activities. The regulatory scenario is Europe is more conducive to market growth as opposed to the U.S., which is expected to play a pivotal role in high penetration of commercial drones in Europe. Asia Pacific stands to witness high proliferation of commercial UAVs over the forecast period. Countries such as Japan and Australia have emphasized on the use of UAVs in agriculture.
Key market participants include Parrot SA, The Boeing Company, Textron Inc., Northrop Grumman, Lockheed Martin Corporation, Israel Aerospace Industries, General Atomics, Elbit Systems Ltd., DJI, BAE Systems PLC, and AeroVironment Inc. Strategic alliances with government agencies and collaborations with prominent technology providers are some of the strategic steps taken by market players to gain a foothold in the industry.
For the purpose of this study, Grand View Research has segmented the global commercial drone market on the basis of product, application, and region:
Commercial Drone Product Outlook (Revenue, USD Million, 2012 - 2022)
Fixed wing
Rotary blade
Nano
Hybrid
Commercial Drone Application Outlook (Revenue, USD Million, 2012 - 2022)
Agriculture
Energy
Government
Media & Entertainment
Others
Commercial Drone Regional Outlook (Revenue, USD Million 2012 - 2022)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Commercial drones - Industry snapshot and key buying criteria, 2012 - 2022
Chapter 3. Commercial Drones Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Commercial drones value chain analysis
3.3.1. Vendor landscape
3.4. Commercial drones technology roadmap
3.5. Commercial drones market dynamics
3.5.1. Market driver analysis
3.5.1.1. Technological proliferation
3.5.1.2. Escalating demands from applications
3.5.1.3. Effective adoption of drones for law enforcements
3.5.2. Market restraint analysis
3.5.2.1. Stringent government regulations
3.5.2.2. Scarcity of trained pilots
3.5.2.3. Air traffic management and security and safety issues
3.6. Key opportunities prioritized
3.7. Industry analysis - Porter's
3.8. Commercial drones - Key competitor analysis, 2014
3.8.1. Company strategy overview
3.9. Commercial drones market PESTEL analysis, 2014
Chapter 4. Commercial Drones Product Outlook
4.1. Fixed wing drones
4.1.1. Global market estimates and forecasts, 2012 - 2022
4.2. Rotary blade drones
4.2.1. Global market estimates and forecasts, 2012 - 2022
4.3. Nano drones
4.3.1. Global market estimates and forecasts, 2012 - 2022
4.4. Hybrid drones
4.4.1. Global market estimates and forecasts, 2012 - 2022
Chapter 5. Commercial Drones Application Outlook
5.1. Agriculture
5.1.1. Global market estimates and forecasts, 2012 - 2022
5.2. Energy
5.2.1. Global market estimates and forecasts, 2012 - 2022
5.3. Government
5.3.1. Global market estimates and forecasts, 2012 - 2022
5.4. Media & entertainment
5.4.1. Global market estimates and forecasts, 2012 - 2022
5.5. Others
5.5.1. Global market estimates and forecasts, 2012 - 2022
Chapter 6. Commercial Drones Regional Outlook
6.1. North America
6.1.1. Commercial drones market by product, 2012 - 2022
6.1.2. Commercial drones market by application, 2012 - 2022
6.1.3. U.S.
6.1.3.1. Commercial drones market by product, 2012 - 2022
6.1.3.2. Commercial drones market by application, 2012 - 2022
6.1.4. Canada
6.1.4.1. Commercial drones market by product, 2012 - 2022
6.1.4.2. Commercial drones market by application, 2012 - 2022
6.2. Europe
6.2.1. Commercial drones market by product, 2012 - 2022
6.2.2. Commercial drones market by application, 2012 - 2022
6.2.3. Germany
6.2.3.1. Commercial drones market by product, 2012 - 2022
6.2.3.2. Commercial drones market by application, 2012 - 2022
6.2.4. UK
6.2.4.1. Commercial drones market by product, 2012 - 2022
6.2.4.2. Commercial drones market by application, 2012 - 2022
6.3. Asia Pacific
6.3.1. Commercial drones market by product, 2012 - 2022
6.3.2. Commercial drones market by application, 2012 - 2022
6.3.3. China
6.3.3.1. Commercial drones market by product, 2012 - 2022
6.3.3.2. Commercial drones market by application, 2012 - 2022
6.3.4. Japan
6.3.4.1. Commercial drones market by product, 2012 - 2022
6.3.4.2. Commercial drones market by application, 2012 - 2022
6.4. Latin America
6.4.1. Commercial drones market by product, 2012 - 2022
6.4.2. Commercial drones market by application2012 - 2022
6.5. MEA
6.5.1. Commercial drones market by product, 2012 - 2022
6.5.2. Commercial drones market by application, 2012 - 2022
Chapter 7. Competitive Landscape
7.1. AeroVironment Inc.
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. Aurora Flight
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. BAE Systems PLC
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Challis Heliplane UAV Inc.
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. Denel Dynamics
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. DJI Innovations
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Draganfly
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Elbit Systems Ltd.
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. General Atomics
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Strategic Initiatives
7.10. General Dynamics Corporation
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives
7.11. Israel Aerospace Industries
7.11.1. Company Overview
7.11.2. Financial Performance
7.11.3. Product Benchmarking
7.11.4. Strategic Initiatives
7.12. Lockheed Martin Corporation
7.12.1. Company Overview
7.12.2. Financial Performance
7.12.3. Product Benchmarking
7.12.4. Strategic Initiatives
7.13. Northrop Grumman
7.13.1. Company Overview
7.13.2. Financial Performance
7.13.3. Product Benchmarking
7.13.4. Strategic Initiatives
7.14. Parrot SA
7.14.1. Company Overview
7.14.2. Financial Performance
7.14.3. Product Benchmarking
7.14.4. Strategic Initiatives
7.15. Prox Dynamics AS
7.15.1. Company Overview
7.15.2. Financial Performance
7.15.3. Product Benchmarking
7.15.4. Strategic Initiatives
7.16. SAIC
7.16.1. Company Overview
7.16.2. Financial Performance
7.16.3. Product Benchmarking
7.16.4. Strategic Initiatives
7.17. Textron Inc.
7.17.1. Company Overview
7.17.2. Financial Performance
7.17.3. Product Benchmarking
7.17.4. Strategic Initiatives
7.18. Thales Group
7.18.1. Company Overview
7.18.2. Financial Performance
7.18.3. Product Benchmarking
7.18.4. Strategic Initiatives
7.19. The Boeing Company
7.19.1. Company Overview
7.19.2. Financial Performance
7.19.3. Product Benchmarking
7.19.4. Strategic Initiatives
7.20. Turkish Aerospace Industries Inc.
7.20.1 Company Overview
7.20.2 Financial Performance
7.20.3 Product Benchmarking
7.20.4 Strategic Initiatives
List of Tables 1. Commercial drones - Industry Summary & Key Buying Criteria, 2012-2022 2. Global commercial drones market, 2012 - 2022 (USD Million) 3. Global commercial drones market by region, 2012 - 2022 (USD Million) 4. Global commercial drones market by product, 2012 - 2022 (USD Million) 5. Global commercial drones market by application, 2012 - 2022 (USD Million) 6. Global fixed wing commercial drones market 2012 - 2022 (USD Million) 7. Global fixed wing commercial drones market by region 2012 - 2022 (USD Million) 8. Global rotary blade commercial drones market 2012 - 2022 (USD Million) 9. Global rotary blade commercial drones market by region 2012 - 2022 (USD Million) 10. Global nano commercial drones market 2012 - 2022 (USD Million) 11. Global nano commercial drones market by region 2012 - 2022 (USD Million) 12. Global hybrid commercial drones market 2012 - 2022 (USD Million) 13. Global hybrid commercial drones market by region, 2012 - 2022 (USD Million) 14. Global commercial drones demand in agriculture 2012 - 2022 (USD Million) 15. Global commercial drones demand in agriculture by region 2012 - 2022 (USD Million) 16. Global commercial drones demand in energy sector 2012 - 2022 (USD Million) 17. Global commercial drones demand in energy sector by region 2012 - 2022 (USD Million) 18. Global commercial drones demand in government 2012 - 2022 (USD Million) 19. Global commercial drones demand in government by region 2012 - 2022 (USD Million) 20. Global commercial drones demand in media and entertainment 2012 - 2022 (USD Million) 21. Global commercial drones demand in media and entertainment by region , 2012 - 2022 (USD Million) 22. Global commercial drones demand in other applications 2012 - 2022 (USD Million) 23. Global commercial drones demand in other applications by region , 2012 - 2022 (USD Million) 24. North America market by product, 2012 - 2022 (USD Million) 25. North America market by application, 2012 - 2022 (USD Million) 26. U.S. market by product, 2012 - 2022 (USD Million) 27. U.S. market by application, 2012 - 2022 (USD Million) 28. Canada market by product, 2012 - 2022 (USD Million) 29. Canada market by application, 2012 - 2022 (USD Million) 30. Europe market by product, 2012 - 2022 (USD Million) 31. Europe market by application, 2012 - 2022 (USD Million) 32. Germany market by product, 2012 - 2022 (USD Million) 33. Germany market by application, 2012 - 2022 (USD Million) 34. UK market by product, 2012 - 2022 (USD Million) 35. UK market by application, 2012 - 2022 (USD Million) 36. Asia Pacific market by product, 2012 - 2022 (USD Million) 37. Asia Pacific market by application, 2012 - 2022 (USD Million) 38. China market by product, 2012 - 2022 (USD Million) 39. China market by application, 2012 - 2022 (USD Million) 40. Japan market by product, 2012 - 2022 (USD Million) 41. Japan market by application, 2012 - 2022 (USD Million) 42. Latin America market by product, 2012 - 2022 (USD Million) 43. Latin America market by application, 2012 - 2022 (USD Million) 44. MEA market by product, 2012 - 2022 (USD Million) 45. MEA market by application, 2012 - 2022 (USD Million) List of Figures 1. Commercial drones market segmentation 2. Global commercial drones market 2012 - 2022 (USD Million) 3. Commercial drones value chain analysis 4. Commercial drones market dynamics 5. Key opportunities prioritized 6. Commercial drones - Porter’s analysis 7. Commercial drones PESTEL analysis 8. Commercial drones market share by product, 2014 & 2022 9. Global fixed wing commercial drones market 2012 - 2022 (USD Million) 10. Global rotary blade commercial drones market 2012 - 2022 (USD Million) 11. Global nano commercial drones market 2012 - 2022 (USD Million) 12. Global hybrid commercial drones market 2012 - 2022 (USD Million) 13. Commercial drones market share by application, 2014 & 2022 14. Global commercial drones demand in agriculture, 2012 - 2022 (USD Million) 15. Global commercial drones demand in energy sector, 2012 - 2022 (USD Million) 16. Global commercial drones demand in government, 2012 - 2022 (USD Million) 17. Global commercial drones demand in media and entertainment, 2012 - 2022 (USD Million) 18. Global commercial drones demand in other applications, 2012 - 2022 (USD Million) 19. Commercial drones market share by region, 2014 & 2022 20. North America market by product, 2012 - 2022 (USD Million) 21. North America market by application, 2012 - 2022 (USD Million) 22. U.S. market by product, 2012 - 2022 (USD Million) 23. U.S. market by application, 2012 - 2022 (USD Million) 24. Canada market by product, 2012 - 2022 (USD Million) 25. Canada market by application, 2012 - 2022 (USD Million) 26. Europe market by product, 2012 - 2022 (USD Million) 27. Europe market by application, 2012 - 2022 (USD Million) 28. Germany market by product, 2012 - 2022 (USD Million) 29. Germany market by application, 2012 - 2022 (USD Million) 30. UK market by product, 2012 - 2022 (USD Million) 31. UK market by application, 2012 - 2022 (USD Million) 32. Asia Pacific market by product, 2012 - 2022 (USD Million) 33. Asia Pacific market by application, 2012 - 2022 (USD Million) 34. China market by product, 2012 - 2022 (USD Million) 35. China market by application, 2012 - 2022 (USD Million) 36. Japan market by product, 2012 - 2022 (USD Million) 37. Japan market by application, 2012 - 2022 (USD Million) 38. Latin America market by product, 2012 - 2022 (USD Million) 39. Latin America market by application, 2012 - 2022 (USD Million) 40. MEA market by product, 2012 - 2022 (USD Million) 41. MEA market by application, 2012 - 2022 (USD Million)
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