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Global Commercial-Purpose Drones Market to Grow at a CAGR of 57% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Commercial Purpose Drone Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 02/10/2016 -- Report forecast the global commercial-purpose drones market to grow at a CAGR of 57% during the period 2016-2020.

Drones are UAVs. Their flight is controlled with a handheld remote or GPS remote. GPS is used to track the drones. The gyrometer and accelerometer, which are attached to the drones, are used to control the drones during flight. Drones are primarily used for tasks that are of high risk to human life. They are extensively used for surveillance and rescue, emergency response, high-altitude imaging, forest-fire monitoring, flood mapping, humanitarian aid, product delivery, petroleum-spill monitoring, and Internet connectivity, as well as in the photography and film industry.

Along with the evolution of technology, drones have improved in terms of design, operating range and tenure, and data processing. Modern-day drones can process high-resolution videos and images and other surveillance data in real time. Drones help cut costs and save time while mitigating risks to human life.

The report covers the present scenario and the growth prospects of the global commercial-purpose drones market for the period 2016-2020.

To calculate the market size, the report uses the sales of commercial-purpose drones (including rotary-blade drones, fixed-wing drones, nano drones, and hybrid drones) used in:
- Agriculture
- Others (energy, infrastructure, and media and entertainment)

The market is divided into the following segments based on product:
- Rotary blade drones
- Others (fixed wing, nano, and hybrid)

According to the report, commercial drones are expected to be widely adopted in the agriculture sector during the forecast period, as these allow for better crop monitoring, leading to higher yields. Major tech companies such as Facebook and Google are planning to deploy solar-powered drones as flying Internet access points or hotspots, to provide connectivity to the world's more remote places.

Further, the report states that growth in the commercial-purpose drones market is hampered by stringent government regulations over security and safety.

Global Commercial-purpose Drones Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Commercial-purpose Drones Market: 3D Robotics, DJI, Parrot and Precision Hawk.

Other Prominent Vendors in the market are: AeroVironment, Airware, AirDog, Alibaba, Amazon, Delair-Tech, Delta Drone, DHL, DroneDeploy, ECA, Facebook, Google, GoPro, Hero+, Hoovey, Microdrones, Redbird, SURVEY Copter, Trimble UAS, and VDOS Global.

Market driver
- Growing usage of commercial-purpose drones across industries
- For a full, detailed list, view our report

Market challenge
- Stringent regulations
- For a full, detailed list, view our report

Market trend
- Widespread usage of drones in advertising
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 48 pages and 14 Exhibit "Global Commercial Purpose Drone Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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