Commercial drones market to reach $1.27 billion by 2020 with CAGR of 109.31%

Commercial drones or commercial unmanned aerial vehicles (UAV) refer to small aircraft which fly without direct human control and are guided by a remote device. The incidents related to natural disaster and public unrest during recent times have necessitated the use of remote sensing and aerial surveillances. Hence, the UAVs have emerged as a viable alternative in such a scenario.

They can capture high definition image and video, in addition to feeding real-time data to the base station in all weather conditions. Their various features such as ease flying over large distances, transport and assembly, smooth and simple operating procedure along with low operation and maintenance cost are driving their usage and subsequent commercialization.

This report is based on an extensive research study of the commercial drones market and aims to analyze the entire market and all its sub-segments through extensively detailed classifications. The demand for commercial drones is likely to witness a significant growth, thereby garnering the interest of the industry players across various verticals.

The Americas are projected to be the fastest growing market as FAA relaxes its ban on commercial use of drone in some applications.

This report provides a bird’s eye-view of the industry with regard to the commercial drones market, along with the qualitative analysis of each and every aspect of the classification done on the basis of product, technology, application, and geography. The report provides a forecast of the growth of the commercial drones market between 2014 and 2020.

A complete competitive landscape of the current market of commercial drones has been analyzed based on the market share analysis and rankings of the key players.

The competitive information provided in this report includes market shares of the leading companies in the commercial drones’ ecosystem and the key developments, core strategies deployed by various players, mergers and acquisitions, new product developments, collaborations, and joint ventures related to the same.

The report also discusses the future road-map of the global commercial drones market with respect to the upcoming technologies, potential markets, and applications for the same. The key players in this industry include Airware Inc (U.S., Drone Deploy (U.S.), DJI (Shenzhen), Precision Hawk Inc (U.S.), SenseFly ltd (U.S.), 3D robotics (U.S.), VDOS Global (U.S.), Trimble UAS (Belgium), AeroVironment (U.S.), andothers.

Major Points from Table of Contents :

12 Company Profile

12.1 Thales SA

12.2 BAE Systems PLC

12.3 Aerovironment Inc

12.4 Israel Aerospace Industries Ltd. (IAI)

12.5 Boeing Corporation

12.6 Textron Inc

12.7 Lockheed Martin Corporation

12.8 Aeronautics Ltd.

12.9 Aurora Flight Sciences.

12.10 Elbit Systems

12.11 Northrop Grumman Corporation

12.12 Safran SA