commercial drone market forecast to 2022 by scalar market research
TRANSCRIPT
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Commercial Drone Market by Type
(Hardware, Software, Services), Industry
(Agriculture, Energy & Utility, Mining,
Engineering & Construction, Research &
Education, Others) and Geography –
Global Opportunity Analysis and Industry
Forecast, 2014 – 2022
December 2016
2
About Scalar Market Research
Scalar Market Research, Inc. is a Chicago, US-based market research and
consulting firm that serves Fortune 1000 companies, leading businesses and
upcoming organizations from around the world to help them achieve their business
goal of sustainable revenue growth, utilizing Scalar's premium market research
reports and consulting services to make critical strategic decisions.
Our real-time industry data tracking, with the help of advanced analytics and
machine learning, offers our clients highly accurate 360-degree perspective of key
developments in niche markets. Our team of industry experts, with a thorough
understanding of global markets and cumulative industry experience spanning 100+
years, work relentlessly to help our clients realize their most important business
goals.
Terms of Use
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The redistribution of the report in any manner is strictly prohibited without the prior
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Copyright © 2016 Scalar Market Research, Inc., USA
All Rights Reserved. This document enclosing highly confidential information is the
sole property of Scalar Market Research. No part of this document shall be
reproduced, copied, quoted, circulated, or otherwise shared without prior approval of
Scalar Market Research.
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Table of Contents
1 INTRODUCTION ............................................................................................................................. 12
2 MARKET OVERVIEW ...................................................................................................................... 13
2.1 Definitions ............................................................................................................................. 13
2.2 Research Methodology ......................................................................................................... 15
2.2.1 Primary Data ................................................................................................................. 15
2.2.2 Secondary Data ............................................................................................................. 16
2.2.3 Machine Learning .......................................................................................................... 17
2.2.4 Research Scope ............................................................................................................. 17
2.2.5 Years Considered .......................................................................................................... 18
2.2.6 Currency & Pricing......................................................................................................... 19
2.3 Market Segmentation ........................................................................................................... 20
2.4 Key Objectives & Benefits of the Report............................................................................... 20
2.4.1 Objectives of the Report ............................................................................................... 20
2.4.2 Key Benefits of the Report ............................................................................................ 21
3 EXECUTIVE SUMMARY .................................................................................................................. 22
4 MARKET DYNAMICS ...................................................................................................................... 26
4.1 Drivers ................................................................................................................................... 26
4.2 Challenges ............................................................................................................................. 28
4.3 Opportunities ........................................................................................................................ 29
4.4 Trends ................................................................................................................................... 30
5 INDUSTRY ANALYSIS ...................................................................................................................... 31
5.1 Value Chain Analysis ............................................................................................................. 31
5.2 Supply Chain Analysis ............................................................................................................ 33
5.3 Regulatory Frame work ......................................................................................................... 34
6 COMMERCIAL DRONE MARKET, BY TYPE ..................................................................................... 38
6.1 Overview ............................................................................................................................... 38
6.2 Hardware .............................................................................................................................. 40
6.2.1 Fixed Wing ..................................................................................................................... 41
6.2.2 Rotary Wing .................................................................................................................. 41
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6.2.3 Hybrid ............................................................................................................................ 42
6.2.4 Nano .............................................................................................................................. 42
6.3 Software ................................................................................................................................ 43
6.3.1 Data management & analytics ...................................................................................... 44
6.3.2 Imaging .......................................................................................................................... 44
6.3.3 Others............................................................................................................................ 44
6.4 Service ................................................................................................................................... 45
7 COMMERCIAL DRONE MARKET, BY INDUSTRY ............................................................................. 46
7.1 Overview ............................................................................................................................... 46
7.2 Agriculture ............................................................................................................................ 48
7.3 Energy & Utility ..................................................................................................................... 49
7.4 Mining ................................................................................................................................... 50
7.5 Engineering & Construction .................................................................................................. 51
7.6 Research & Education ........................................................................................................... 52
7.7 Other Industries .................................................................................................................... 53
8 COMMERCIAL DRONE MARKET, BY GEOGRAPHY ......................................................................... 55
8.1 Overview ............................................................................................................................... 55
8.2 North America ....................................................................................................................... 57
8.2.1 By Country ..................................................................................................................... 58
8.2.1.1 U.S. ........................................................................................................................... 58
8.2.1.2 Canada ...................................................................................................................... 59
8.2.2 By Type .......................................................................................................................... 59
8.2.3 By Industry .................................................................................................................... 59
8.3 Europe ................................................................................................................................... 61
8.3.1 By Country ..................................................................................................................... 62
8.3.1.1 France ........................................................................................................................ 63
8.3.1.2 Germany .................................................................................................................... 63
8.3.1.3 U.K ............................................................................................................................ 63
8.3.1.4 Rest of Europe ........................................................................................................... 63
8.3.2 By Type .......................................................................................................................... 64
8.3.3 By Industry .................................................................................................................... 64
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8.4 Asia-Pacific ............................................................................................................................ 67
8.4.1 By Country ..................................................................................................................... 68
8.4.1.1 China ......................................................................................................................... 69
8.4.1.2 Japan ......................................................................................................................... 69
8.4.1.3 Australia .................................................................................................................... 69
8.4.1.4 Rest of Asia-Pacific .................................................................................................... 69
8.4.2 By Type .......................................................................................................................... 70
8.4.3 By Industry .................................................................................................................... 70
8.5 Middle East & Africa ............................................................................................................. 72
8.5.1 By Region....................................................................................................................... 72
8.5.1.1 GCC ............................................................................................................................ 73
8.5.1.2 South Africa ............................................................................................................... 73
8.5.1.3 Rest of MEA ............................................................................................................... 74
8.5.2 By Type .......................................................................................................................... 74
8.5.3 By Industry .................................................................................................................... 74
8.6 Latin America ........................................................................................................................ 76
8.6.1 By Country ..................................................................................................................... 76
8.6.1.1 Brazil .......................................................................................................................... 78
8.6.1.2 Rest of Latin America ................................................................................................ 78
8.6.2 By Type .......................................................................................................................... 78
8.6.3 By Industry .................................................................................................................... 79
9 COMPETITIVE LANDSCAPE ............................................................................................................ 81
9.1 Market Positioning ................................................................................................................ 81
9.2 Key Vendors' Offerings .......................................................................................................... 82
10 KEY MARKET PLAYERS ................................................................................................................... 83
10.1 Parrot S.A. ............................................................................................................................. 83
10.1.1 Overview ....................................................................................................................... 83
10.1.2 Key Strategies ................................................................................................................ 83
10.1.3 Recent Developments ................................................................................................... 83
10.2 3D Robotics, Inc. ................................................................................................................... 85
10.2.1 Overview ....................................................................................................................... 85
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10.2.2 Key Strategies ................................................................................................................ 85
10.2.3 Recent Developments ................................................................................................... 85
10.3 DJI .......................................................................................................................................... 86
10.3.1 Overview ....................................................................................................................... 86
10.3.2 Key Strategies ................................................................................................................ 86
10.3.3 Recent Developments ................................................................................................... 86
10.4 PrecisionHawk Inc. ................................................................................................................ 88
10.4.1 Overview ....................................................................................................................... 88
10.4.2 Key Strategies ................................................................................................................ 88
10.4.3 Recent Developments ................................................................................................... 88
10.5 AeroVironment, Inc. .............................................................................................................. 89
10.5.1 Overview ....................................................................................................................... 89
10.5.2 Key Strategies ................................................................................................................ 89
10.5.3 Recent Developments ................................................................................................... 89
10.6 DroneDeploy ......................................................................................................................... 90
10.6.1 Overview ....................................................................................................................... 90
10.6.2 Key Strategies ................................................................................................................ 90
10.6.3 Recent Developments ................................................................................................... 90
10.7 Airware , Inc. ......................................................................................................................... 91
10.7.1 Overview ....................................................................................................................... 91
10.7.2 Key Strategies ................................................................................................................ 91
10.7.3 Recent Developments ................................................................................................... 91
10.8 Trimble Navigation Ltd. ......................................................................................................... 92
10.8.1 Overview ....................................................................................................................... 92
10.8.2 Key Strategies ................................................................................................................ 92
10.8.3 Recent Developments ................................................................................................... 92
10.9 Delair-Tech SAS ..................................................................................................................... 93
10.9.1 Overview ....................................................................................................................... 93
10.9.2 Key Strategies ................................................................................................................ 93
10.9.3 Recent Developments ................................................................................................... 93
10.10 Insitu, Inc. .............................................................................................................................. 95
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10.10.1 Overview ................................................................................................................... 95
10.10.2 Key Strategies ............................................................................................................ 95
10.10.3 Recent Developments ............................................................................................... 95
11 SCALAR 360 DEGREE MARKET PERSPECTIVE ................................................................................ 96
12 APPENDIX ...................................................................................................................................... 97
12.1 Acronyms .............................................................................................................................. 97
12.1 Related Reports ..................................................................................................................... 98
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List of Tables
Table 1. Global Commercial Drone Market – Executive Summary ................................................. 24
Table 2. Global Commercial Drone Market Drivers ........................................................................ 26
Table 3. Global Commercial Drone Market Size (US$ million), By Type (2014 – 2022) ................. 39
Table 4. Hardware Market Size (US$ million), By Type (2014 – 2022) ........................................... 40
Table 5. Software Market Size (US$ million), By Type (2014 – 2022) ............................................ 43
Table 6. Global Commercial Drone Market Share (%), By Industry, 2016 & 2022 ......................... 46
Table 7. Global Commercial Drone Market Size (US$ million), By Industry (2014 – 2022) ............ 47
Table 8. Agriculture Market, By Geography ................................................................................... 48
Table 9. Energy & Utility Market, By Geography ............................................................................ 49
Table 10. Mining Market, By Geography .......................................................................................... 50
Table 11. Engineering & Construction Market, By Geography ......................................................... 51
Table 12. Research & Education Market, By Geography .................................................................. 52
Table 13. Other Industries Market, By Geography ........................................................................... 53
Table 14. Global Commercial Drone Market Size (US$ million), By Geography (2014 – 2022) ....... 56
Table 15. North America Commercial Drone Market Size (US$ million), By Country (2014 – 2022)
58
Table 16. Commercial Drone Market in U.S., Market Size (US$ million), 2014 – 2022 and Y-o-Y
Growth (%) 58
Table 17. Commercial Drone Market in Canada, Market Size (US$ million), 2014 – 2022 and Y-o-Y
Growth (%) 59
Table 18. North America Commercial Drone Market Size (US$ million), By Type (2014 – 2022) .... 59
Table 19. North America Commercial Drone Market Size (US$ million), By Industry (2014 – 2022)
60
Table 20. Europe Commercial Drone Market Size (US$ million), By Country (2014 – 2022) ........... 62
Table 21. Commercial Drone Market in France, Market Size (US$ million), 2014 – 2022 and Y-o-Y
Growth (%) 63
Table 22. Commercial Drone Market in Germany, Market Size (US$ million), 2014 – 2022 and Y-o-Y
Growth (%) 63
Table 23. Commercial Drone Market in U.K, Market Size (US$ million), 2014 – 2022 and Y-o-Y
Growth (%) 63
Table 24. Commercial Drone Market in Rest of Europe, Market Size (US$ million), 2014 – 2022 and
Y-o-Y Growth (%) ................................................................................................................................... 63
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Table 25. Europe Commercial Drone Market Size (US$ million), By Type (2014 – 2022) ................ 64
Table 26. Europe Commercial Drone Market Size (US$ million), By Industry (2014 – 2022) ........... 65
Table 27. Asia-Pacific Commercial Drone Market Size (US$ million), By Country (2014 – 2022) .... 68
Table 28. Commercial Drone Market in China, Market Size (US$ million), 2014 – 2022 and Y-o-Y
Growth (%) 69
Table 29. Commercial Drone Market in Japan, Market Size (US$ million), 2014 – 2022 and Y-o-Y
Growth (%) 69
Table 30. Commercial Drone Market in Australia, Market Size (US$ million), 2014 – 2022 and Y-o-Y
Growth (%) 69
Table 31. Commercial Drone Market in Rest of Asia-Pacific, Market Size (US$ million), 2014 –
2022and Y-o-Y Growth (%) .................................................................................................................... 69
Table 32. Asia-Pacific Commercial Drone Market Size (US$ million), By Type (2014 – 2022).......... 70
Table 33. Asia-Pacific Commercial Drone Market Size (US$ million), By Industry (2014 – 2022) .... 71
Table 34. MEA Commercial Drone Market Size (US$ million), By Region (2014 – 2022) ................. 72
Table 35. Commercial Drone Market in Middle East & Africa, Market Size (US$ million), 2014 –
2022 and Y-o-Y Growth (%) ................................................................................................................... 73
Table 36. Commercial Drone Market in Latin America, Market Size (US$ million), 2014 – 2022 and
Y-o-Y Growth (%) ................................................................................................................................... 73
Table 37. Commercial Drone Market in Latin America, Market Size (US$ million), 2014 – 2022 and
Y-o-Y Growth (%) ................................................................................................................................... 74
Table 38. MEA Commercial Drone Market Size (US$ million), By Type (2014 – 2022) .................... 74
Table 39. MEA Commercial Drone Market Size (US$ million), By Industry (2014 – 2022) ............... 75
Table 40. Latin America Commercial Drone Market Size (US$ million), By Country (2014 – 2022). 76
Table 41. Commercial Drone Market in Brazil, Market Size (US$ million), 2014 – 2022 and Y-o-Y
Growth (%) 78
Table 42. Commercial Drone Market in Rest of Latin America, Market Size (US$ million), 2014 –
2022 and Y-o-Y Growth (%) ................................................................................................................... 78
Table 43. Latin America Commercial Drone Market Size (US$ million), By Type (2014 – 2022) ...... 78
Table 44. Latin America Commercial Drone Market Size (US$ million), By Industry (2014 – 2022) 79
Table 45. Key Vendors' Offerings ...................................................................................................... 82
Table 46. List of Acronyms ................................................................................................................ 97
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List of Figures
Figure 1. Research Methodology ..................................................................................................... 18
Figure 2. Commercial Drone Market, By Industry, Type and Geography ........................................ 20
Figure 3. Global Commercial Drone Market Revenue and Y-o-Y Trend ......................................... 23
Figure 4. Global Commercial Drone Market Share (%), By Type, 2016 & 2022 ............................... 25
Figure 5. Global Commercial Drone Market Share (%), By Industry, 2016 & 2022 ......................... 25
Figure 6. Global Commercial Drone Market Share (%), By Geography, 2016 & 2022 ..................... 25
Figure 7. Commercial Drone Value Chain Analysis .......................................................................... 31
Figure 8. Supply Chain in Commercial Drone Market ...................................................................... 33
Figure 9. Global Commercial Drone Market Share (%), By Type, 2016 & 2022 ............................... 38
Figure 10. Global Commercial Drone Market Size (US$ million), By Type 2016 & 2022 ............... 39
Figure 11. Hardware Market Share (%), By Type, 2016 & 2022 .................................................... 40
Figure 12. Hardware Market Size (US$ million), By Type 2016 & 2022 ......................................... 41
Figure 13. Software Market Share (%), By Type, 2016 & 2022 ...................................................... 43
Figure 14. Software Market Size (US$ million), By Type 2016 & 2022 .......................................... 44
Figure 15. Global Commercial Drone Market Size (US$ million), By Industry, 2016 & 2022......... 47
Figure 16. Agriculture Market Share (%), By Geography ............................................................... 48
Figure 17. Energy & Utility Market Share (%), By Geography ........................................................ 49
Figure 18. Mining Market Share (%), By Geography ...................................................................... 50
Figure 19. Engineering & Construction Market Share (%), By Geography .................................... 51
Figure 20. Research & Education Market Share (%), By Geography.............................................. 52
Figure 21. Other Industries Market Share (%), By Geography ....................................................... 54
Figure 22. Global Commercial Drone Market Share (%), By Geography, 2016 & 2022 ................. 55
Figure 23. Global Commercial Drone Market Size (US$ million), By Geography, 2016 & 2022 .... 56
Figure 24. North America commercial drone Market Share (%), By Country, 2016 & 2022 ......... 57
Figure 25. North America Commercial Drone Market Size (US$ million), By Country, 2016 & 2022
58
Figure 26. North America Commercial Drone Market Share (%), By Industry, 2016 & 2022 ........ 59
Figure 27. North America Commercial Drone Market Size (US$ million), By Industry (2014 –
2022) 60
Figure 28. Europe Commercial Drone Market Share (%), By Country, 2016 & 2022 .................... 61
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Figure 29. Europe Commercial Drone Market Size (US$ million), By Country, 2016 & 2022 ........ 62
Figure 30. Europe Commercial Drone Market Share (%), By Industry, 2016 & 2022 .................... 64
Figure 31. Europe Commercial Drone Market Size (US$ million), By Industry (2014 – 2022) ....... 66
Figure 32. Asia-Pacific Commercial Drone Market Share (%), By Country, 2016 & 2022 .............. 67
Figure 33. Asia-Pacific Commercial Drone Market Size (US$ million), By Country, 2016 & 2022 . 68
Figure 34. Asia-Pacific Commercial Drone Market Share (%), By Industry, 2016 & 2022 ............. 70
Figure 35. Asia-Pacific Commercial Drone Market Size (US$ million), By Industry (2014 – 2022) 71
Figure 36. MEA Commercial Drone Market Share (%), By Region, 2016 & 2022 .......................... 72
Figure 37. MEA Commercial Drone Market Size (US$ million), By Region, 2016 & 2022 .............. 73
Figure 38. MEA Commercial Drone Market Share (%), By Industry, 2016 & 2022 ........................ 74
Figure 39. MEA Commercial Drone Market Size (US$ million), By Industry (2014 – 2022) ........... 75
Figure 40. Latin America Commercial Drone Market Share (%), By Country, 2016 & 2022 .......... 76
Figure 41. Latin America Commercial Drone Market Size (US$ million), By Country, 2016 & 2022
77
Figure 42. Latin America Commercial Drone Market Share (%), By Industry, 2016 & 2022 ......... 79
Figure 43. Latin America Commercial Drone Market Size (US$ million), By Industry (2014 – 2022)
80
Figure 44. Market Positioning of Key players ................................................................................ 81
Figure 45. Commercial Drone Market Snapshot ............................................................................ 97
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2 MARKET OVERVIEW
2.1 Definitions
Commercial drones are the unmanned air vehicles also called as flying robots that
are operated with the help of remote controls.
Initially, drones were used for defense and military purposes only. Currently, drones
are being used across various commercial applications such as mining, agriculture
and infrastructure. Growing demand for drones by commercial applications and
advancement in drone technology is anticipated to propel the market in coming
years. However, the commercial drone industry is still facing issues such as security
and safety concerns, scarcity of trained pilots and air traffic management which are
expected to be solved over the time.
Apart from experimental and recreational applications, drones have entered into
several applications owing to the formulation of user-friendly regulatory framework
across national and international regulatory bodies and adoption of drone-powered
solutions by various industries. Furthermore, technological development is
anticipated to be the most prominent driving factor for commercial drone market.
Some of the advanced technologies used in commercial drones are cyber-security
and jamming, energy and propulsion systems, collision avoidance, safety, radio
frequency spectrum capacity, and many other.
The commercial drones are gaining huge popularity across the globe. For instance,
in Americas, drones are widely used for rescue operations during crises, disaster
response and reconstruction. Though there are stringent rules and regulation
regarding the usage of commercial drones, the progressing regulation for drones by
FAA would further help to expand the commercial drone market in Americas.
Hardware, Software and Service
By type, the global market is divided into three types of markets as hardware,
software and services. The hardware market is further categorized on the basis of
drone types. Types of drones taken in hardware market are fixed wing, rotary wing,
hybrid, and nano drone. Additionally, software segment is traced from various
solutions such as data management, analytics, imaging, and some others. Services
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market is derived with various commercial drone maintenance services such as
repairing, replacement and upgradation of hardware and software.
Industry and Geography
The primary users taken into account for the commercial drone market are various
industry verticals such as agriculture, energy & utility, mining, engineering &
construction, research & education, and others. These industries include various
drone applications such as field mapping, crop spraying, inspection, and many
others. Furthermore, geographically the market is derived from five regions, such as
North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North
America market includes U.S., and Canada. European region contains both western
and eastern Europe. Asia-Pacific region includes all Asian countries along with
Australia, Japan and New Zealand. Finally, Middle East & Africa and Latin America
region include countries such as South Africa, Brazil and Others.
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2.2 Research Methodology
We utilize a mix of primary research, secondary research and machine learning
algorithms to generate comprehensive data about market sizes and revenue
forecasts. Our primary focus on continuous market tracking, rigorous fact-checking,
data-triangulation, and multiple layers of quality control ensures high-quality data that
can be leveraged for actionable research insights.
2.2.1 Primary Data
Structured interviews with industry specialists, VPs, CEOs, directors, technology
consultants were taken in order to collect the key primary data. The primary data is
focused on both the demand and supply sides of the market. Market Engineering
has been carried out from the data and excessive analysis has been done on it.
Primary data is also extensively considered while validating the secondary data.
Perspective Primary Research
Supply Side
Manufacturers
Wholesalers
Distributors
Demand Side End-users
Consumers
Report Parameters Primary Sources
Key Industry Participants (KPIs)
Suppliers
Government Agencies
Regulatory Bodies
Research & Development Companies
Investment Research Companies
Business Consulting Service Providers
Academic Institutions/Universities
Venture Capitalists
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2.2.2 Secondary Data
The data from important secondary sources is utilized to obtain industry supply
chains, company profiles and other key areas such as market drivers, opportunities
trends from the market perspective. In addition, secondary data is gathered using
paid databases such as Bloomberg, Hoovers, Factiva, and government publishing
sources.
Report Parameters Perspective Secondary Research
Market Size, Revenue,
Industry Analysis, Value
Chain Analysis,
Technology Roadmap,
Premium Industry
Trends, End-users
Analysis, Market
Segmentation,
Geographic Analysis, Key
Market Players,
Competitive Landscape
Supply Side
Company Annual Reports
SEC Filings
Financial Journals
Trade Journals
Market Journals
Press Releases
Directories
White Papers
Company Websites
Magazines
Demand Side Case Studies
Customer References
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2.2.3 Machine Learning
In addition to assigning weights to all the relevant market parameters, to quantify
their market impact for generating projected market growth rate, we use advanced
machine learning algorithms to collate essential market data. The machine learning
method utilizes algorithms such as regression, correlation and decision tree, among
others, to derive the desired output.
Perspective Advantages of Machine Learning-based Forecasts
Using Machine Learning for Data
Forecast
Unlimited Data
Highly Detailed Forecasts
Profound Knowledge of Demand
Broad Applicability
Customizable Model Identifies Drivers
Analysis - Product, Value Chain, Supply Chain,
Competitor
2.2.4 Research Scope
We have utilized the top-down, bottom-up approach to study the market size,
industry dynamics, key regional markets, and major market trends. The global
market has been estimated by integrating the regional markets, estimating the
market data for the base year 2015, and annual share and revenue forecasts to
2022 in US$.
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Figure 1. Research Methodology
2.2.5 Years Considered
Market Specifics Report Scope
Historical Year 2014
Base Year 2015
Estimated Year 2016
Forecast Period 2016 – 2022
Revenue Currency US$
Global
Market Size
Market-specific Revenues of Key Players
Total Revenues of Key Players
Global Market Size
Segment-specific Market Size
Regional
Market
Size
Bottom-up
Top-down
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2.2.6 Currency & Pricing
The currency used in the report is the U.S. dollar, with market size indicated in US$
million and US$ billion.
Revenue is obtained from the annual company reports (For all the companies
reporting their revenue in US$)
Revenue is converted as per the annual currency exchange rate for that
particular year (For the companies reporting their revenue in currencies other
than US$)
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2.3 Market Segmentation
Figure 2. Commercial Drone Market, By Industry, Type and Geography
Source: Scalar Market Research Analysis
2.4 Key Objectives & Benefits of the Report
2.4.1 Objectives of the Report
To offer in-depth information about the key market drivers and restraints
influencing the growth of this market during the forecast period
To analyze the major challenges and opportunities expected to play crucial
role in the revenue and market size growth of the key players in this market
To forecast the market size, in terms of the market size and revenue for all its
segments with respect to the major geographic regions including North
America, Europe, Asia-Pacific, Middle East & Africa, and Latin America
To comprehensively analyze the strategic developments such as mergers &
acquisitions, new product launches, business expansions, and the new
business agreements in the commercial drone market
COMMERCIAL DRONE MARKET
Agriculture
Energy & Utility
Mining
Engineering & Construction
Research & Education
Others
Data Management &
Analytics
Hardware Services Software
INDUSTRY TYPE GEOGRAPHY
North America
Europe
Asia-Pacific
Middle East & Africa
Latin America
Fixed Wing
Rotary Wing
Hybrid
Nano
Imaging
Others
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To define the high-growth segments of the market and offer in-depth analysis
of the competitive landscape in the market for various key players
2.4.2 Key Benefits of the Report
In-depth analysis of the market segments that will showcase the greatest
growth potential
Deeper understanding of the behavior of the key players and innovators
influencing this market
Granular understanding of the historical market trend and the resultant market
forecast
Information about the technological advancements influencing the growth of
the global market
Extensive evaluation of all the market dynamics that will impact this market
during the forecast period
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3 EXECUTIVE SUMMARY
The objective of this report is to describe the market trends and revenue forecasts
for the commercial drone market for the next six years. The report focuses on
defining and describing the key influencing factors for the growth of the market. It
also offers an in-depth analysis of the market size (revenue), market share, major
market segments, different geographic regions, key market players, and premium
industry trends.
The report tracks the major market events including product launches, technological
developments, mergers & acquisitions, and the innovative business strategies opted
by key market players. Along with strategically analyzing the key micro-markets, the
report also focuses on industry-specific drivers, restraints and opportunities in the
physical security market. The scope of this report covers the commercial drone
market by its major segments, which include the type, technology, industry, and the
major geographic regions.
The commercial drones are gaining huge popularity across the globe. For instance,
countries such as the China, Japan, Australia, and New Zealand, in Asia-Pacific
region hold high potential and lucrative growth opportunities for commercial drone
market. Japan uses the commercial drones mainly for agricultural applications.
Framers there have been using drones for decades to inspect crops.
Commercial drone is a growing technology since then and its expand its presence to
many industries such as, agriculture, engineering & construction, energy & utility,
mining, research & education, and many others. The advantages offered by
commercial drone are enormous, despite the challenges like lack of expertise and
interruption of privacy. Therefore, supplier of these drones are gaining momentum on
this and successfully increasing their footprint into other industries as well. Moreover,
industry also demand solutions which can offer a complete life-cycle of product
services and regular upgradation of technologies.
The multi-dimensional applications are the major trend seen in the global commercial
drone market. Emphasis on real-time mapping, geological surveys, crisis
management, live stock monitoring, aerial photography are the key factors
enhancing demand of commercial drones in the market.
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Market at a Glance
Global commercial drone market to reach US$ XX million by 2022
The dominance of hardware market in type segment is anticipated to seen in
upcoming years
Agriculture in industry segment with a market share of around XX%
Energy & Utility in the same industry segment to be the fastest growing with a
CAGR of XX% in the forecast period
U.S. dominates the market among the geography, as a result North America is
anticipated to continue the dominance over the market till - 2022
Europe is expected to see significant growth and reach US$ XX million by 2022
Table 1. Global Commercial Drone Market – Executive Summary
Global Commercial Drone Market Market Size (US$ Millions) CAGR%
(2016 – 2022) 2016 2022
Total 1067.2 2751.4 17.1%
Typ
e
Largest Segment, by Revenue - Hardware
Fastest Growing Segment - Services
Ind
ust
ry Largest Segment, by Revenue - Agriculture
Fastest Growing Segment - Energy &
Utility
Geo
grap
hy Largest Segment, by Revenue -
North America
Fastest Growing Segment - Europe
Source: Scalar Market Research Analysis
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4 MARKET DYNAMICS
4.1 Drivers
Table 2. Global Commercial Drone Market Drivers
Drivers 2014 – 16 2017 –
19 2020 – 22
Increase in demand from several applications
Source: Scalar Market Research Analysis
Note: ● Very High Impact, ◕High Impact, ◑Medium Impact
Increase in demand from several applications
o Drones have been proved to be an effective solution for various non-
military applications such as media and entertainment, energy and
power, agriculture, mining, infrastructure, and environmental
monitoring. With the approval from regulatory bodies such as FAA the
commercial drones are anticipated to gain huge demand from various
major companies in coming years.
o For instance, many companies such as Amazon.com Inc. are planning
to utilize the drones to deliver packages directly to the customers.
Considering the demand of drones from such major companies the
drone manufacturers are now focusing on producing advanced drone
with various effective features. Many of them have already introduced
advanced commercial drones
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5 INDUSTRY ANALYSIS
5.1 Value Chain Analysis
Figure 7. Commercial Drone Value Chain Analysis
Source: Scalar Market Research Analysis
Value chain of the global commercial drone market involves several key processes,
such as:
Component Manufacturers
Drone Manufacturers
Regulatory Bodies
Industries
Commercial drone market has seen substantial values integration from multiple
areas of technology, government and regulatory bodies, prerequisite components,
and large scale applications like in agriculture, mining, engineering & construction,
energy & utility, research & education, and many others. Sophisticated components
such as control systems, image sensors, propulsion systems, long-life batteries have
influenced the drone market and drawn interest in commercial uses.
Component Manufacturers
Drone Manufacturers
Regulatory Bodies
End Users
Drone Component Manufacturer
•FLIR Systems, Inc.•Fluke Corporation•NAC Image Technology, Inc.•Mikrotron GmbH•Avidyne Corporation•FEI-ZYFER Inc
Commercial Drone Manufacturers
•Precisionhawk•DJI•Parrot S.A.•3D Robotics, Inc.•Delair -Tech SAS•Drone Deploy•Trimble UAS
Industries
•Agriculture•Energy & Utility•Mining•Engineering & Construction•Research & Education
Regulatory Bodies
•Federal Aviation Administration (FAA) •Civil Aviation Authority (U.K.)•Federal Aviation Office (Germany)•Ministry of Ecology (France)• Transport Canada
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6 COMMERCIAL DRONE MARKET, BY TYPE
6.1 Overview
The commercial drone market is primarily segmented into three types of offerings
such as, hardware, software and services. According to the analysis, it is expected
that the hardware holds the majority of the market share and will remain the same
over the forecast period. The software market was valued US$ XX million in 2015,
and is expected to reach US$ XX million by 2022. However, services segment is
expected to grow at a fastest CAGR of XX%, as industry users are looking for
holistic commercial drone services.
Hardware market has gained traction with its wide-range of drone categories, such
as fixed wing drone, rotary wing drone, hybrid drone, and nano drone. Additionally,
software market is categorized into data management & analytics, imaging and other
segments.
Figure 9. Global Commercial Drone Market Share (%), By Type, 2016 & 2022
Source: Scalar Market Research Analysis
74.3%
14.1%
11.6%
2022
Hardware
Software
Services
76.4%
13.8%
9.8%
2016
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Table 3. Global Commercial Drone Market Size (US$ million), By Type (2014 – 2022)
Type 2014 2015 2016 2017 2018 2019 2020 2021 2022 CAGR% (2016-2022)
Hardware
Software
Services
Total
17.1%
Source: Scalar Market Research Analysis
Figure 10. Global Commercial Drone Market Size (US$ million), By Type 2016 & 2022
Source: Scalar Market Research Analysis
815.0
147.3 104.9
2,043.9
388.5 319.0
Hardware Software Services
US$
Mil
lio
n
2016 2022
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7 COMMERCIAL DRONE MARKET, BY INDUSTRY
7.1 Overview
The commercial drone market in energy & utility and mining is expected to register
the highest growth rate as this investment garner high return on investment (ROI) in
quick payback time. The deployment of drone helps by observing excavation,
measuring collective volumes, pipeline monitoring, infrastructure inspection, and
many others.
Among all the industry verticals, agriculture is expected to hold major chunk of the
market share with a CAGR of XX%. However, mining and energy & utility industries
are anticipated to grow at a higher CAGR of XX% and is believed to reach US$ XX
million and US$ XX million respectively by 2022.
Table 6. Global Commercial Drone Market Share (%), By Industry, 2016 & 2022
Source: Scalar Market Research Analysis
34.2%
13.7%12.3%
15.9%
7.7%
16.2%
2022
Agriculture
Energy & Utility
Mining
Engineering & Construction
Research & Education
Others
38.1%
11.9%10.8%
15.1%
6.9%
17.2%
2016
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Table 7. Global Commercial Drone Market Size (US$ million), By Industry (2014 –
2022)
Industry 2014 2015 2016 2017 2018 2019 2020 2021 2022
CAGR%
(2016-2022)
Agriculture
Energy & Utility
Mining
Engineering & Construction
Research & Education
Others
Total
17.1%
Source: Scalar Market Research Analysis
Figure 15. Global Commercial Drone Market Size (US$ million), By Industry, 2016 &
2022
Source: Scalar Market Research Analysis
406.2
127.5 114.9 160.9
73.8
183.9
816.7
314.4 283.2
370.4
176.7
385.4
Agriculture Energy & Utility Mining Engineering & Construction
Research & Education
Others
US$
Mill
ion
2016 2021
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8 COMMERCIAL DRONE MARKET, BY GEOGRAPHY
8.1 Overview
The commercial drone is attaining high growth in both developed and developing
countries. The global commercial drone market is segmented into several
geographical regions such as North America, Europe, Asia-Pacific, and Rest of
World. Among these North America, is the biggest market holding approximately
40% of the total commercial drone market and anticipated to maintain the same
position over the forecast period.
However, industrial manufacturing, transportation, retail & ecommerce industries are
expected to drive the growth for real-time location system market in Asia-Pacific. The
said market is expected to grow at the highest CAGR of XX% among other region
between 2016 and 2022.
Figure 22. Global Commercial Drone Market Share (%), By Geography, 2016 & 2022
Source: Scalar Market Research Analysis
32.5%
30.9%
20.9%
6.8%
9.0%
2022
North America
Europe
Asia-Pacific
MEA
Latin America
39.0%
25.8%
19.7%
6.6%
8.9%
2016
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Table 14. Global Commercial Drone Market Size (US$ million), By Geography (2014 –
2022)
Geography 2014 2015 2016 2017 2018 2019 2020 2021 2022 CAGR% (2016 – 2022)
North America
Europe
Asia-Pacific
MEA
Latin America
Total
17.1%
Source: Scalar Market Research Analysis
Figure 23. Global Commercial Drone Market Size (US$ million), By Geography, 2016 &
2022
Source: Scalar Market Research Analysis
416.0
275.8
210.1
70.8 94.5
892.8 849.6
575.0
185.7
248.2
North America Europe Asia-Pacific MEA Latin America
US$
Mil
lio
n
2016 2022
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9 COMPETITIVE LANDSCAPE
9.1 Market Positioning
Figure 44. Market Positioning of Key Players
Source: Scalar Market Research Analysis
The above figure represents market positioning of key players in the commercial
drone market. The positioning is derived through adequate study based upon
product diversification, industry penetration and recent strategic developments.
Product diversification range is analyzed with study of various product categories
and type of services offered by the respective vendors. Additionally, applications
serving multiple industry verticals are accounted for the scale of industry penetration.
However, business development strategies including cross border partnerships, new
product launch and acquisitions are the key factors involved in the decision making
of strategic development.
Parrot S.A. 3D Robotics, Inc. DJI
PrecisionHawk Inc. AeroVironment, Inc. DroneDeploy
Airware , Inc. Trimble Navigation Ltd. Delair-Tech SAS
High
Hig
hLo
w
Low
Ind
ust
ry P
enet
rati
on
Product Diversification
(The size of the bubble represents Strategic Development)
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9.2 Key Vendors Offerings
Table 45. Key Vendors Offerings
COMPANY HARDWARE SOFTWARE SERVICES
Source: Scalar Market Research Analysis
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Figure 45. Commercial Drone Market Snapshot
Criteria Commercial Drone Market
Market Growth Rate
Market Size
Type of Market Players
Market Perimeter
Key Industries
Growth Strategies
Source: Scalar Market Research Analysis
12 APPENDIX
12.1 Acronyms
Table 46. List of Acronyms
Acronym Expansion
APAC Asia-Pacific
CAGR Compound Annual Growth Rate
Corp. Corporation
GCC Gulf Cooperation Council
Inc. Incorporated
IoT Internet of Things
MEA Middle East & Africa
NA Not Available
U.K United Kingdom
U.S. / USA United States of America
Y-o-Y Year on year
Source: Scalar Market Research Analysis
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