Commercial Drones Market Update in 2020 by Industry Size, Share and Global Deman

Posted by Rushikesh Pise on March 12th, 2020

The global commercial drone market is set to gain traction from their increasing use in different industries, namely, Infrastructure, Transport & Delivery, Insurance, Media, Telecommunication, Agriculture, Security, and Mining. Additionally, introduction to various technologies, such as wireless communication, GNSS, satellite communications, RADAR/LiDar, and GPS, would affect the market positively.

Fortune Business Insights™ published the above information in a recent study, titled, “Commercial Drones Market Size, Share & Industry Analysis, By Product (Fixed Wing Drone, Rotary Blade Drone, and Hybrid Drone), By Technology (Remotely Operated, Semi-Autonomous, and Autonomous), By System (UAV Structure, UAV Payloads, UAV Avionics, UAV Propulsion, and UAV Software), By Industry (Infrastructure, Transport & Delivery, Insurance, Media, Telecommunication, Agriculture, Security, and Mining) and Regional Forecast, 2019-2026.” As per the study, the commercial drone market size is projected to reach USD 6.30 billion by 2026, at a CAGR of 23.37% during the forecast period. However, it stood at USD 1.20 billion in 2018.

This Report Answers the Following Questions:

•          What are the commercial UAV market trends and dynamics?
•          How many growth drivers and challenges would the market exhibit?
•          Which are the most significant companies present in the market?
•          Which strategies are the companies adopting to keep up with the competition?