Global Commercial Drones Market, Forecast to 2025 with Profiles of DJI, Harris Aerial, Trimble, Parrot Drones, PrecisionHawk, 3DR, and AeroVironment
The global commercial drones market was valued at US$6.044 billion in 2019.Implementation of strict yet simple regulations regarding the use of commercial drones is the major driver of the global commercial drones market. All these favorable regulations across different countries/regions are paving the way for a wider application of drone technology worldwide.Businesses across various end-user industries are using drones for multiple commercial applications apart from basic surveillance and photography. For instance, farmers are using drones to monitor crops and soil while insurance companies are using the same data to inspect damaged assets in the agricultural sector. Drones are capturing the interest of global retailers as competition in this industry is pushing them to develop new ways to make their supply chains more efficient while reducing delivery costs. As such, commercial drone manufacturers are expanding their market base across the global retail industry, thereby driving the market growth. In September 2019, DJI launched two that can be used during natural disasters and recovery missions.By geography, APAC is projected to witness a significant CAGRBy geography, the global Commercial Drones market is classified into North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America accounted for a significant share in the global Commercial Drones market in 2019.