Commercial Drones Market Demand, Growth, Opportunities, Top Key Players and Forecast to 2023

The Business Research Company’s latest report Commercial Drones Global Market Report 2020 covers Commercial Drones market drivers, Commercial Drones market trends, Commercial Drones market segments, Commercial Drones market growth rate, Commercial Drones market major players, and Commercial Drones market size. The report provides in-depth analysis of the impact of COVID-19 on the Commercial Drones industry, along with revised market numbers due to the effects of the coronavirus.

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Commercial Drones Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The global commercial drones market is expected to decline from $4.14 billion in 2019 to $3.64 billion in 2020 at a compound annual growth rate (CAGR) of -12.0%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $6.15 billion in 2023 at CAGR of 19.09%.

The report covers the commercial drones market’s segments-
1) By Type: Fixed Wing Drones, Rotary Blade Drones, Hybrid Drones.
2) By Application: Agriculture And Environment, Media And Entertainment, Energy, Government, Construction & Archaeology, Others.
3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous.

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