Smart Commercial Drones Market Production, Rising Trends, Analysis and Global Manufacturers Growth Outlook to 2028 | DJI (China), Parrot Drones SAS (France), PrecisionHawk, Inc. (US), 3D Robotics, Inc. (US)

The global smart commercial drones market size is expected to reach USD 985.61 Billion in 2028 and register a revenue CAGR of 79.8% over the forecast period, according to the latest report by Emergen. Rapid adoption of drones for commercial use and technological advancements in commercial drones are some key factors driving revenue growth of the global smart commercial drones market.

Smart commercial drones are technologically advanced and have features such as audio and video recording facilities. High Definition (HD) cameras and sensors as well as range of drone cameras visibility has improved, which is resulting in rapid adoption of these aircraft across various industries and sectors. Some of these include chemicals, media and entertainment, building and construction, agriculture, search and rescue, law and order, sports events, and others. In addition, these small pilotless aircraft or Unmanned Aerial Vehicles (UAVs) are gaining traction and deployment due to multipurpose areas of application and advantages, including monitoring and surveillance, disaster management, filming for movie production, and others. Advancements in drone technology and addition of new innovative and more advanced features, communication and connectivity, and enhanced navigation capabilities are key factors expected to continue to drive revenue growth of the global smart commercial market during the forecast period.

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Furthermore, with advanced carriage facilities, commercial drones have already made an entry into the logistic and transport sector and were used during the COVID-19 pandemic. Uses included spraying sanitizers in areas that had high number of COVID-19 infected individuals or cases and for supplying medicines and test kits during lockdowns. More recent applications of smart drones currently include use of onboard thermal sensors that serve to locate survivors during search and rescue operations, and use of advanced drones for crop monitoring, and tracking and forecasting weather conditions. Moreover, smart commercial drones have also been used for predicting potential cyclones, tornadoes, and hurricanes, surveillance and border security and law enforcement, safety inspections of buildings, short film making, and wedding photography.

However, some factors expected to negatively impact growth of the global smart commercial drone market are stringent government regulations regarding drone usage, lack of standards in various countries, flying range restrictions, risk of cyber-attacks and hacking, and challenges associated with data processing.

Despite the great development potential, the smart commercial drone market is not without its challenges. The regulatory structure governing drone operations is a huge concern. To safeguard safety and privacy, governments and aviation authorities are continually changing legislation. While these rules are necessary to protect airspace and public interest, they can present impediments for firms seeking to fully utilise the potential of drones. Finding the correct balance of safety and innovation remains a critical task for both business stakeholders and government.

Some players analyzed in the report are:

·        AeroVironment, Inc.,

·        Da-Jiang Innovations (DJI),

·        Parrot Drone SAS,

·        3D Robotics (3DR),

·        Elbit Systems Ltd.,

·        HUVRData, LLC,

·        XAIRCRAFT Technology Co., Ltd.,

·        Yamaha Motor Co., Ltd.,

·        DraganFly Innovations Inc., and PrecisionHawk, Inc.

DJI: With its high-quality drones and advanced technology, DJI has established itself as the industry leader in the smart commercial drone market. The company provides a diverse range of drones to meet the needs of several industries, including agriculture, construction, and filmmaking. DJI's emphasis on innovation, continual product development, and robust distribution networks has assisted company in maintaining a competitive edge.

Parrot: Another major participant in the smart commercial drone market, Parrot is well-known for its consumer and professional drones. The company's product offering has been expanded to include agriculture, public safety, and infrastructure inspection. Parrot's strategy is centred on producing simple-to-use, dependable drones with advanced functionality and integration capabilities.

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Some Significant Report Highlights:

• The fixed-winged segment accounted for a significantly large revenue share in 2020 due to increasing adoption of drones for aerial surveillance and monitoring. Beside aerial monitoring of COVID-19 affected areas, rising cross-border tensions are resulting in defense spending being allocated for security and surveillance of border areas and sensitive areas between borders, and demand for fixed-winged smart drones has been increasing owing to suitability of this type due to longer fly time at higher altitude and capability to carry more weight that other drone types.
• The delivery & logistics segment accounted for a significantly large revenue share in 2020 due to rising demand for different smart commercial drones in the logistics and transportation sector. Technological advancements and development of smarter features have led to increasing use of drones for various applications in the transportation sector, and the trend is expected to continue over the forecast period.
• The payload segment accounted for the largest revenue share in 2020 due to increasing use of smart and technologically advanced drones in the transportation and logistics sector for carrying goods to areas affected by disaster.

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On the basis of type, the market is segmented into:

Emergen Research has segmented the global smart commercial drones market on the basis of type, component, application, end use, and region:

• Type Outlook (Revenue, USD Million, 2018–2028)
• Fixed-Wing
• Multi-Rotor
• Helicopters
• Others
• Component (Revenue, USD Million, 2018–2028)
• Payload
• Guidance, Navigation & Control
• Propulsion System
• Application Outlook (Revenue, USD Million, 2018–2028)
• Delivery & Logistics
• Agriculture Monitoring
• Security & Law Enforcement
• Disaster Management
• Mapping
• Film Making
• Networking for Remote Areas
• Environmental Drones
• Others
• End Use Outlook (Revenue, USD Million, 2018–2028)
• Transport & Logistics
• Agriculture
• Oil & Gas
• Entertainment & Media
• Real Estate & Construction
• Others

Regional Outlook:

·        North America (U.S., Canada)

·        Europe (U.K., Italy, Germany, France, Rest of EU)

·        Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

·        Latin America (Chile, Brazil, Argentina, Rest of Latin America)

·        Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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