Home News Commercial Drones Market to Reach at a CAGR of 35.26% by 2021

Commercial Drones Market to Reach at a CAGR of 35.26% by 2021

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Commercial Drones

Global Commercial Drones Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Commercial Drones Market.

Companies Mentioned are Aeryon Labs, 3D Robotics, DJI, Parrot, and PrecisionHawk.

The global Commercial Drones market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

Major points covered in Global Commercial Drones Market 2017 Research are:-

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global Commercial Drones market?
  • What are the key market trends impacting the growth of the global Commercial Drones market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Commercial Drones market?
  • What are the market opportunities and threats faced by the vendors in the global Commercial Drones market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global Commercial Drones market?

This independent 82 page report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Commercial Drones market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Commercial Drones in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.

The report provides a basic overview of the Commercial Drones industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Commercial Drones industry development trends and marketing channels are analyzed.

Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is increase in adoption of thermal imaging in drones. As the end-users invest in improving maintenance and operational services for their wind turbines, thermal imaging is increasingly gaining prominence for predictive maintenance programs of wind turbines. As electrical, as well as mechanical components heat up in the case of technical failures, thermal imaging uses this property to spot temperature increase, which will aid in the detection of wear and tear of parts.”

According to the report, one of the major drivers for this market is developments in the sensor market. Vendors in the global commercial drones market are capitalizing on the availability of mobile, intelligent, and connected sensors to improve the capabilities of their offerings. Commercial drones are mainly equipped with GPS, inertial, image, and ultrasound-based range sensors. With improvements in functionalities and features, commercial drones are being equipped with thermal, hyperspectral, and multispectral sensors as well.

Further, the report states that one of the major factors hindering the growth of this market is regulatory hurdles. The companies in the global commercial drones market have been facing regulatory hurdles since their introduction in the market. With the awareness and adoption of commercial drones, governments are updating their regulations regarding the use of UAVs. This is expected to be a major challenge for vendors, who might see less adoption of commercial drones in countries with more stringent laws. The laws generally relate to the requirement of specific certifications, qualifications, or modifications in design, which are expected to have an unfavorable impact on the financial performance and market positions of companies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Commercial Drones on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Commercial Drones Market and assist manufacturers and investment organization to better grasp the development course of Commercial Drones Market.

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