Global Smart Commercial Drones Market is expected to rise from its initial estimated value of USD 2578.33 million in 2018 to an estimated value of USD 329295.5 million by 2026, registering a CAGR of 83.35% in the forecast period of 2019-2026. Increasing demand for smart drones from various industries is driving the growth of this market.
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Global Smart Commercial Drones Market Report offers meticulous investigation of current scenario of the global market, which considers numerous market dynamics. Global Smart Commercial Drones Market report includes data on patterns and improvements, target business sectors and materials, limits and advancements. This report gives accurate information about market trends, industrial changes, and consumer behaviour etc. Moreover, this market report gives idea to clients about the market drivers and restraints with the help of SWOT analysis and also provides all the CAGR projections for the historic year 2016, base year 2017 and forecast period of 2018-2025.
- Increasing demand for smart drones from agriculture, e-commerce etc. is driving the growth of this market
- Technological advancement and development in smart commercial drones is driving the market
Global Smart Commercial Drones Market Major Competitors/Players:
Few of the major competitors currently working in smart commercial drones market are:-
- Parrot Drones SAS,
- Elbit Systems Ltd,
- Israel Aerospace Industries Ltd.,
- AeroVironment, Inc.,
- Yamaha Motor Co., Ltd.,
- Draganfly Innovations Inc.,
- Skycatch, Inc.,
- AIR6 SYSTEMS,
- Aurora Flight Sciences,
- AeroVironment, Inc.,
- XAG Co., Ltd.
Drones or unmanned aircraft systems (UASes) or unmanned aerial vehicles (UAVs) is a kind of an aircraft which fly without any human involvement. These drones are controlled by software, sensors and remotes. Drones are available in different sizes and shapes. These days, drones are widely used for commercial purposes like delivery, residential e-commerce etc. Many technological development and advancement is fuelling the commercial drone market.
Global smart commercial drones market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart commercial drones market for global, Europe, North America, Asia-Pacific and South America.
Key Developments in the Market:
- In April 2019, Valqari announced the launch of their new Smart Drone Delivery Mailbox which can be used for package delivery and pick-up. These are specially designed for like pharmaceuticals, residential e-commerce, meal delivery etc. It also uses two-way communication system so that they can provide safe landing.
- In April 2019, Alphabet announced the launch of their first commercial drone via their subsidiary Wing which will be used to order coffee, food, medicines etc. through an app. For now, limited houses will be using this service and then they will expand their business. Wing has partnered with Guzman Y Gomez, Bakers Delight, Kickstart Expresso, Capital Chemist, and Pure Gelato.
Table of Contents
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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