The global commercial drone-enables services market was valued at approximately $1,022 million in 2015 and is expected to reach around $4,663 million by 2020, says Technavio.
Technavio has announced its latest market research report on commercial drone-enabled services for the forecast period, 2016-2020. This market analysis, under the Internet and e-commerce vertical discusses the major drivers and key emerging trends that will influence the growth of the global commercial drone-enabled services market during the forecast period. Some of the top vendors listed in this industry analysis 3D Robotics, AeroVironment, DJI, Leptron, Parrot, PrecisionHawk, and Trimble UAS.
In terms of geographical analysis, APAC is expected to be the fastest-growing region in the global market and is likely to reach around $1,411 million in revenue by 2020. China is expected to emerge as the key revenue-generator in this region.
“The demand for commercial drone-enabled services is on the rise in several developing nations. The growing popularity of adventure tourism and sports in developing nations is the driving force behind this trend. Besides, the reach of the commercial drone-enabled services market is very low in emerging countries such as India and China, which is fueling the demand from first-time buyers. Factors such as increased disposable income, use of social networking sites, and growing interest in photography and entertainment are driving the demand for commercial drone-enabled services in developing nations,” says Ujjwal Doshi, a lead analyst at Technavio for research on Internet and e-commerce.
Click here to request a free sample of this report
The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Integration of commercial drones with VR technology
Many industry segments such as infrastructure, tourism, agriculture, defense, oil and gas, and mining are investing heavily in workforce automation. This involves the integration of commercial drones with virtual reality (VR) and augmented reality (AR). Companies aim to reduce human error through the use of such drones as the integration of VR and AR into commercial drones offers companies solutions for workforce automation. For instance, in the defense sector, drones are directly deployed to relay real-time information about enemy locations, blast sites, and directions. The information can be remotely accessed by military personnel using AR technology. The information is used to design and implement effective strategies, identify access routes, and monitor physically inaccessible locations for military operations.
High adoption of commercial drone-enabled services in industrial sector
New areas such as warehouse management, servicing and maintenance, and training would benefit the most from the use of drones. The emergence of new devices such as tablets, smartphones, and other wearable devices integrated with drones has led to the development of apps for industrial maintenance. Drones can be used as a replacement of physical inspection in industries and play a major role in processes such as part analysis and simulation, staff support, and layout and construction planning or supervising.
Rise in demand for commercial drone-enabled services in transportation sector
The ability of commercial drones to hover over remote locations makes them ideal for use in industry segments such as the transportation and logistics sector. Drones can be used to ship urgently needed parts or supplies to remote locations that are not easily served by other modes of transportation such as ground transportation or manned aircraft. Commercial drone-enabled services are expected to be increasingly used by multinational companies such as Amazon.com in warehouses and distribution centers for the delivery of small packages within their facilities.
Some of the other prominent vendors identified in this report are Airdog, Airware, Alibaba.com, Amazon.com, Delair-Tech, Delta Drone, DHL Express, DroneDeploy, ECA Group, Facebook, Freeport-McMoRan, Google, GoPro, Hexo+, Hoovy, Microdrones, Oceaneering International, Redbird, SURVEY Copter, and VDOS Global.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Commercial Drone-enabled Services Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
