The Smart Commercial Drones Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Smart Commercial Drones Global Market Report 2024, The smart commercial drones market size is expected to see exponential growth in the next few years. It will grow to $35.23 billion in 2028 at a compound annual growth rate (CAGR) of 24.8%. The growth in the forecast period can be attributed to increasing demand for efficient delivery services, rising adoption of precision agriculture, growing need for infrastructure inspection and monitoring, expanding applications in law enforcement and disaster management, increasing use in environmental monitoring and conservation, and rising popularity of aerial cinematography in entertainment and media. Major trends in the forecast period include advancements in AI and machine learning, integration of IoT sensors and real-time data analytics, advancements in battery life and payload capacity, adoption of drone swarming technologies, and advancements in sensor technologies.
The expansion of the e-commerce industry is expected to propel the growth of the smart commercial drone market going forward. The e-commerce industry refers to the buying and selling goods and services over the internet. It encompasses a wide range of activities, including online retail stores, digital marketplaces, auction sites, and online platforms for services. The expansion of the e-commerce industry is due to its convenience, global reach, increased internet penetration, diverse product selection, and cost efficiency. Smart commercial drones play a crucial role in enhancing the efficiency and effectiveness of e-commerce operations, contributing to faster delivery times, improved customer satisfaction, and reduced operational costs. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, in 2023, e-commerce sales were projected to reach $1,118.7 billion, marking a 7.6% (±1.2%) increase from 2022, while total retail sales saw a 2.1% (±0.4%) rise over the same period. In 2023, e-commerce sales constituted 15.4% of total sales, compared to 14.7% in 2022. Therefore, the expansion of the e-commerce industry drives the growth of the smart commercial drone market.
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The smart commercial drones market covered in this report is segmented –
1) By Type: Fixed-Wing, Multirotor, Others Types
2) By Component: Airframe, Payload, Guidance, Navigation And Control, Propulsion System
3) By Application: Delivery Drones, Agriculture Monitoring, Oil And Gas, Law Enforcement, Disaster Management, Entertainment, Media And Mapping, Networking For Remote Areas, Environmental Drones, Other Applications
Major companies operating in the smart commercial drone market are focused on developing innovative products such as remote drone surveillance technology (RDST) integrated cargo drones to enhance navigation, safety, and efficiency in commercial drone operations. RDST enables drones to monitor their surroundings, avoid obstacles, maintain communication with ground control, and adapt to changing environmental conditions during flight. For instance, in September 2023, A2Z Drone Delivery, a US-based commercial drone delivery solutions developer, launched RDST Longtail, a second-generation RDST integrated cargo drone. It features A2Z’s factory-integrated RDS2 drone winch, allowing payloads up to 5 kg to be safely deposited from altitude, keeping spinning rotors away from people and property. The upgraded platform aims to help scale commercial drone delivery applications by offering an off-the-shelf, ready-to-fly delivery drone with enhanced capabilities.
The smart commercial drones market report table of contents includes:
1. Executive Summary
2. Smart Commercial Drones Market Characteristics
3. Smart Commercial Drones Market Trends And Strategies
4. Smart Commercial Drones Market – Macro Economic Scenario
5. Global Smart Commercial Drones Market Size and Growth
…
32. Global Smart Commercial Drones Market Competitive Benchmarking
33. Global Smart Commercial Drones Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Smart Commercial Drones Market
35. Smart Commercial Drones Market Future Outlook and Potential Analysis
36. Appendix
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