A report from TheBusinessResearchCompany shows that the commercial drones market is expected to grow to $7.13 billion at a CAGR of 19.9% through 2022.
The commercial drones market consists of sales of commercial drones. These multi-functional flying devices are used by entities to collect and consolidate data, conduct safety and security checks and inspection. This market mainly comprises of fixed wing drones, rotary blade drones and hybrid wing drones supported by a variety of services and used for a variety of applications.
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The global commercial drones market was valued at about $3.45 billion in 2018 and is expected to grow to $7.13 billion at a CAGR of 19.9% through 2022.
Asia Pacific was the largest region in the commercial drones market in 2018, followed by North America. This region is expected to remain the largest during the next five years. The commercial drones market in Asia Pacific is forecasted to register the highest CAGR during 2018-2023.
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Major Key competitive players in the global commercial drones market report include DJI, Parrot SA, Aerovironment, PrecisionHawk, Draganfly.
Commercial drones are being considered by companies that have last-mile delivery as a main business process. The drones will help reduce cost per delivery and delivery time, thus increasing profits. Therefore, increasing the growth of the commercial drones market. According to a McKinsey report, if companies save 40% of their delivery costs using drones, then they will enjoy a 15-20% increase in their profit margin and a 15-20% decrease in their product or service prices. For example, in March 2019, Zomato, an Indian food delivery company, has conducted experiments to enable drone delivery in their value chain.
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Few Chapters from Table Of Content:
- Executive Summary
- Report Structure
- Commercial Drones Market Characteristics
- Commercial Drones Market Product Analysis
- Commercial Drones Market Supply Chain
- Commercial Drones Market Customer Information
- Commercial Drones Market Trends And Strategies
- Commercial Drones Market Size And Growth
- Commercial Drones Market Regional Analysis
View similar report, Commercial And Service Industry Machinery Manufacturing Global Market Report 2019 at https://www.thebusinessresearchcompany.com/report/commercial-and-service-industry-machinery-manufacturing-global-market-report
The commercial and service industry machinery manufacturing market consists of sales of commercial and service industry machinery by entities (organizations, sole traders and partnerships) that produce commercial and service industry machinery such as optical instruments, photographic and photocopying equipment, automatic vending machinery, commercial laundry and dry-cleaning machinery, office machinery, automotive maintenance equipment (except mechanics’ hand tools), and commercial-type cooking equipment.
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