DUBLIN, July 06, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Commercial Drones Market 2017-2021" report to their offering.
The global Commercial Drones market to grow at a CAGR of 35.26% during the period 2017-2021.
The current report focuses on drones that are used by commercial segments, such as agricultural, energy and utility, public safety, infrastructure, media and entertainment, insurance and other sectors. To calculate the market size, the report considers the revenue generated by vendors in the market.
The latest trend gaining momentum in the market is increase in adoption of thermal imaging in drones. As the end-users invest in improving maintenance and operational services for their wind turbines, thermal imaging is increasingly gaining prominence for predictive maintenance programs of wind turbines. As electrical, as well as mechanical components heat up in the case of technical failures, thermal imaging uses this property to spot temperature increase, which will aid in the detection of wear and tear of parts.
According to the report, one of the major drivers for this market is developments in the sensor market. Vendors in the global commercial drones market are capitalizing on the availability of mobile, intelligent, and connected sensors to improve the capabilities of their offerings. Commercial drones are mainly equipped with GPS, inertial, image, and ultrasound-based range sensors. With improvements in functionalities and features, commercial drones are being equipped with thermal, hyperspectral, and multispectral sensors as well.
Further, the report states that one of the major factors hindering the growth of this market is regulatory hurdles. The companies in the global commercial drones market have been facing regulatory hurdles since their introduction in the market. With the awareness and adoption of commercial drones, governments are updating their regulations regarding the use of UAVs. This is expected to be a major challenge for vendors, who might see less adoption of commercial drones in countries with more stringent laws.
- Aeryon Labs
- 3D Robotics
Other prominent vendors
- Blue Skies Drones
- CyPhy Works
- Draganfly Innovations
- Freefly Systems
- Yamaha Motor Corporation
- Cyberhawk Innovations
- Strat Aero
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by end-user
Part 08: Market segmentation by geography
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key takeaways
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/3wk6gr/global_commercial
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SOURCE Research and Markets