Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Commercial Drone Market to Witness a Steady Growth on Account of Increasing Usage in Agriculture Sectors Till 2022 | Million Insights


News provided by

Million Insights

17 May, 2018, 10:10 GMT

Share this article

Share toX

Share this article

Share toX

FELTON, California, May 17, 2018 /PRNewswire/ --

The global Commercial Drone Market size was estimated to be USD 552 million in 2014 and is projected to reach USD 2.07 billion by 2022, with a CAGR of 16.9%. Increased usage in law enforcement and agriculture sectors are anticipated to have a favorable impact on the market over the forecast period. The drones are also called Unmanned Aerial Vehicles (UAVs) which encompass unpiloted aerial vehicles and remotely piloted. These UAVs have applications in several industrial areas which include homeland security, military, retail and agriculture. Demand is significantly higher for military applications, although commercial applications are gradually catching up.

Retailing and E-commerce industries are trying to use such UAVs in order to deliver products to the customers in a very short span of time. In July 2015, Amazon proposed to allocate a distinct airspace zone to operate these unmanned aerial aircraft for the purpose of delivering goods to customers. However, such initiatives are not approved by the government and regulations are formed for the use of drones once they are launched in the market for the above mentioned purpose. Governments across the globe are using these unmanned aerial vehicles in various applications such as infrastructure, law enforcement, R&D & scientific research, in disaster management activities and environmental studies.

Aviation regulatory bodies such as the European Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA) from the U.S. have barred the use of UAVs considering the limitations in handling the air traffic on such a large scale and the safety will be concern for the citizens. Although the uses of these UAVs are now allowed for commercial purposes, there are still certain segments of business such as logistics and transport where they are still banned. A new set of regulations are formed for the usage of UAVs suggested by the FAA, the UAVs will be permitted to fly during the day if they weigh up to 55 pounds, fly less than 100 mph and stay below 500 feet in the air.

Agriculture sector is anticipated to become a major user over the forecast period of seven years on account of numerous benefits such as increase in yield due to crop monitoring. IT giants such as Google, Inc. and Facebook, Inc. are planning to launch solar-powered UAVs that fly around increasing the reach of internet access to the remotest corner acting as flying internet hotspots or access points. In addition, Amazon is working on an innovative drone called Prime Air that will deliver the products ordered within half an hour after order placement.

Browse 120 page research report with TOC on "Global Commercial Drone Market" at: https://www.millioninsights.com/industry-reports/commercial-drone-market 

Other than its wide range of applications across the retail sector and law enforcement, UAVs are used in high altitude imaging, mapping, forest fire monitoring and wild life patrolling. In September 2014, the federal aviation administration granted regulatory approvals to six television and film production companies such as Aerial HeliVideo Productions, Astraeus and Aerial MOB, to use camera-equipped UAVs on movie sets.

Other applications include data collection and imaging activities such as environmental mapping and monitoring, natural hazards research & monitoring, hyperspectral imaging, atmospheric monitoring, soil moisture imaging, plume dispersion & tracking, and aerosol source determinations. As of 2014, the rotary blade type drones held a major share of the commercial drones industry. It includes multi-rotor and single variants that are used in various applications. Multi-rotor drones may have more than two and upto eight rotors and therefore has simpler rotor system required for flight operation. For aerial photography and surveillance multi-rotor aerial vehicles are used as they have better flight control. In addition, these multi-rotor aerial drones can be used to deliver packages with the appropriate attachments.

Hybrid UAVs can operate on multiple energy sources and can stay in flight for longer duration say years at a stretch. They are fitted with solar absorbing panels mounted on its wings that convert energy into fuel. Nano drones are small UAVs that are easy to carry and very portable. Such small UAVs can be effectively used for aerial and security photography activities. North America is key market owing to increasing applications in various commercial sectors and high production. However, the European commercial drone industry is anticipated to grow considerably over the forecast period owing to the increasing applications in law enforcement, agricultural applications and relaxations in regulations.

Favorable government building retrofits and initiatives are projected as few driving factors for the European UAV industry. Moreover, the UAV demand is projected to increase the demand in Asia-Pacific. Use of drones in agriculture sector is expected to increase in Australia and some Asian countries such as Japan.  BAE Systems PLC, AeroVironment Inc., Elbit Systems Ltd., DJI, Draganfly, Israel Aerospace Industries, General Atomics, Northrop Grumman, Lockheed Martin Corporation, Textron Inc., Parrot SA, and The Boeing Company are the key players in commercial drone market.

Browse reports of similar category available with Million Insights: 

  • Aerospace Composites Market 
  • Automatic Speech Recognition Market 
  • Data Centre Cooling Solutions Market 
  • IR (Infrared) Imaging Market 

Commercial Drone Product Outlook (Revenue, USD Million, 2012 - 2022) 

        • Fixed wing

        • Rotary blade

        • Nano

        • Hybrid

Commercial Drone Application Outlook (Revenue, USD Million, 2012 - 2022) 

        • Agriculture

        • Energy

        • Government

        • Media & Entertainment

        • Others

Commercial Drone Regional Outlook (Revenue, USD Million 2012 - 2022) 

        • North America

        • Europe

        • Asia Pacific

        • Latin America

        • MEA

About Million Insights: 

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com

Web: https://www.millioninsights.com/

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.