The latest report on Commercial Drones Market by Infinium Global Research gives complete coverage of the Commercial Drones Market by drone type (fixed wing, hybrid, multi rotor, single rotor), application (aerial photography, entertainment & media, high altitude imaging, natural hazards monitoring, precision agriculture, retail delivery) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Commercial Drones such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Growing Demand for Drones for Law Enforcement, Due to Their Advanced Features
A commercial drone is an unmanned aircraft system which is utilized for carrying out complex commercial operations for businesses and governments. There are various types of components can be attached to the drones for carrying out specific tasks. Commercial drones can carry a higher payload, fly for a longer period, and they have advanced flight controllers and sensors. As it can be easily controlled from remote locations and reach normally inaccessible locations, it finds applications such as high altitude mapping, land surveying, media coverage, movie production, precision agriculture, real estate exploration, retail delivery, search & rescue operations, law enforcement surveillance and industrial surveillance among others.
Growing demand for drones for law enforcement, due to their advanced features that allow transmission of high-resolution images, videos and live surveillance data to the control rooms drive the growth of the global commercial drones market. Moreover, an increasing number of applications that benefits governments, such as disaster management, environmental studies, infrastructure monitoring, and research & development among others are motivating the growth of the global commercial drone’s market. Furthermore, increasing instances of drug trafficking, terror activities, criminal assaults are expected to further enhance the demand for commercial drones for surveillance.
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Demand for Commercial Drones In Media, and Movies Industries
Availability of advanced systems for capturing images and recording videos at high resolutions such as HD and 4k is driving the demand for commercial drones in media, and movies industries. However, the apprehension about the misuse of drones for spying and other illegal activities among public and governments is a restraint for the market. Furthermore, research and development and technological advancements in the sector are yielding more applications for commercial drones and it is expected to provide growth opportunities for the major players in the commercial drones market.
Among geographies, North America is the largest commercial drones market in the world. The presence of a large number of drone manufacturers and an increasing number of applications for drones in various sectors such as monitoring of cattle and irrigation equipment, precision agriculture, retail delivery, and surveillance are driving the growth of the North American commercial drones market. Europe is expected to be the fastest growing market in terms of CAGR over the forecast period.
Favorable European Union regulations, growing demand from agriculture, law enforcement and some other sectors are driving the growth of the European commercial drones market. Increasing demand for commercial drones from countries such as Australia, China, Japan, and India for applications in sectors such as agriculture, construction and media & movies among others augments the growth of Asia-Pacific commercial drones market. A presence of a large number of drone manufacturers and exporters in Israel drives the Middle East commercial drones market.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Commercial Drones.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.