Global Commercial Drones Market to Reach 36% CAGR by 2018-2022

Reading time ( words)

Technavio analysts forecast the global commercial drones market to grow at a CAGR of more than 36% during the forecast period, according to their latest market research report.

The growing use of artificial intelligence (AI) is one of the major trends being witnessed in the global commercial drones market 2018-2022. Commercial drone operators are increasingly integrating AI into their drones, which allow drones to capture data, analyze it, and make decisions based on data.

According to Technavio analysts, one of the key factors contributing to the growth of the global commercial drones market is the advantages of commercial drones such as cost savings and improved insights.

Commercial Drones Market: Advantages of Commercial Drones to Boost Growth

The growing demand for improved data and better data insights has led to a significant increase in the adoption of commercial drones across the world. Moreover, vendors in the market are focusing on developing innovative commercial UAVs that are affordable and can provide access to better data. Such advantages of commercial drones will fuel their adoption during the forecast period.

According to a senior analyst at Technavio for research on industrial machinery, “The increased applicability of commercial drones, as well as other technological, safety, and security advances in the commercial drones market have encouraged regulatory bodies to ease regulatory frameworks and support the use of commercial drones. Thus, the favorable regulatory frameworks related to the use of drones in various countries will drive market growth over the forecast period. ”

The global commercial drones market research report provides market segmentation by product (software and services, and hardware), end-user industries (infrastructure sector, agriculture sector, public safety sector, energy sector, media and entertainment sector, insurance sector, and others sector) and geography (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2017, followed by the EMEA and APAC respectively. The region will continue to dominate the shares of the commercial drones market during the forecast period, owing to the increasing investments in commercial drones, and the relaxation of the regulations related to commercial drones by federal agencies such as the FAA.



Suggested Items

Worldwide Semiconductor Equipment Billings at $13.3 Billion in 2Q19; Down 20%

09/12/2019 | SEMI
Worldwide semiconductor manufacturing equipment billings reached $13.3 billion in the second quarter of 2019, down 20% from the same quarter of 2018 and 3% from than the previous quarter.

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.

Copyright © 2021 I-Connect007. All rights reserved.