Commercial Drone Market is expected to witness significant growth at a CAGR of 13.9% by 2030

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Drones are increasingly adopted in the construction and real estate sectors due to their ability to survey a property, offer constant and exact project alerts, increase safety, and prevent harmful accidents on construction sites.

 The global commercial drone market size was estimated at USD 19.89 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.9% from 2023 to 2030. The market growth is attributed to the increasing enterprise application of drones across various industry verticals. Several drone manufacturers are continually testing, inventing, and upgrading solutions for diverse markets. Besides, the integration of modern technologies in commercial drones to deliver enhanced solutions is opening new growth opportunities for the commercial drone industry. The business use cases of commercial drones have expanded significantly over the past few years.

 

Drones are increasingly adopted in the construction and real estate sectors due to their ability to survey a property, offer constant and exact project alerts, increase safety, and prevent harmful accidents on construction sites. Moreover, their conventional applications, such as monitoring, surveillance, and security, have boosted the product demand for search and rescue operations, identifying unstable roofs in dangerous and inaccessible positions, and inspecting elevated infrastructure that might damage equipment such as electrical cables.

 

Gather more insights about the market drivers, restrains and growth of the Global Commercial Drone Market

 

Commercial Drone Market Report Highlights 

 

  • Asia Pacific accounted for the highest market share of almost 30% in 2022. The factors such as supportive legislation and the increasing adoption of commercial drones by government authorities are expected to drive the regional market growth over the forecast period
  • In terms of product, the fixed-wing segment is expected to witness significant growth at a CAGR of around 14% over the forecast period due to the increasing demand for mapping and surveying applications
  • In terms of application, the precision agriculture segment is anticipated to witness substantial growth, as drones find important usage in various vital farm operations, including examination and preparation of crop plantation and field monitoring to regulate the growth and health of crops
  • In terms of end-use, the delivery logistics segment is expected to record a CAGR of over 17% from 2023 to 2030 with the increasing adoption of drones for cargo, medicines, and food delivery

 

 

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Segments Covered in the Report

 

Grand View Research has segmented the global commercial drone market based on product, application, end-use, propulsion type, range, operating mode, endurance, maximum takeoff weight, and region:

 

Commercial Drone Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

 

  • Fixed wing
  • Hybrid
  • Rotary blade

 

Commercial Drone Application Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Commercial
    • Filming Photography
    • Inspection Maintenance
    • Mapping Surveying
    • Precision Agriculture
    • Surveillance Monitoring
    • Others
  • Government Law Enforcement
    • Firefighting Disaster Management
    • Search Rescue
    • Maritime Security
    • Border Patrol
    • Police Operations
    • Traffic Monitoring
    • Others

 

Commercial Drone End-use Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Agriculture
  • Delivery Logistics
  • Energy
  • Media Entertainment
  • Real Estate Construction
  • Security Law Enforcement
  • Others

 

Commercial Drone Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Gasoline
  • Electric
  • Hybrid

 

Commercial Drone Range Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Visual Line of Sight (VLOS)
  • Extended Visual Line of Sight (EVLOS)
  • Beyond Visual Line of Sight (BVLOS)

 

Commercial Drone Operating Mode Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Remotely Piloted
  • Partially Piloted
  • Fully Autonomous

 

Commercial Drone Endurance Outlook (Revenue, USD Million, 2018 - 2030)

 

  • 5 Hours
  • 5 - 10 Hours
  • 10 Hours

 

Commercial Drone Maximum Takeoff Weight Outlook (Revenue, USD Million, 2018 - 2030)

 

  • 25 Kg
  • 25 - 500 Kg
  • 500 Kg

 

Commercial Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

 

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Ireland
    • Sweden
    • Denmark
    • Norway
    • Finland
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East Africa (MEA)
    • UAE
    • South Africa 

 

 

Order a free sample PDF of the Commercial Drone Market Intelligence Study, published by Grand View Research.

 

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