Commercial Drone Market 2021 Status and Growth Outlook
The commercial drone market size is expected to experience exponential growth by reaching USD 11,295.1 million by 2028 while exhibiting a CAGR of 25.39% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled “Commercial Drone Market, 2021-2028.” The report further mentions that the market stood at USD 1,915.0 million in 2020. The increasing adoption of autonomous systems and the growing demand for drones across several industrial applications is likely to propel the demand for the product during the foreseeable future.

List of the Companies Operating in the Global Commercial Drone Market:

3D Robotics, Inc. (The U.S.)
Aeronavics Ltd. (New Zealand)
AeroVironment Inc. (The U.S.)
Autel Robotics (China)
Draganfly Innovations Inc. (Canada)
Ehang (China)
FLIR Systems, Inc. (The U.S.)
GoPro, Inc. (The U.S.)
Holy Stone (China)
Intel Corporation (The U.S.)
Kespry Inc. (The U.S.)
Parrot Drones SAS (France)
PrecisionHawk, Inc. (The U.S.)
SenseFly SA (Switzerland)
Skydio, Inc. (The U.S.)
SZ DJI Technology Co., Ltd. (China)
Yuneec Holding Ltd (China)
What does the Report Provide?

The global market report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point Analysis and PESTEL to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.

REGIONAL INSIGHTS

North America – The region stood at USD 730.0 million in 2020 and is expected to dominate the market during the forecast period. The dominance is attributable to the presence of established companies such as Autel Robotics, 3D Robotics, Inc., and others that are focusing on the development of advanced commercial drones in the region.

Europe – The market in the region is expected to gain momentum backed by the growing demand for mini and small drones across several industrial applications between 2021 and 2028.

Information Source-

https://www.fortunebusinessinsights.com/commercial-drone-market-102171