TMCnet News

Global Commercial Drone-enabled Services Market to Grow 35% by 2020 - Driven by Emergence of Drone Racing as a Major Sports Event - Research and Markets

[November 28, 2016]

Global Commercial Drone-enabled Services Market to Grow 35% by 2020 - Driven by Emergence of Drone Racing as a Major Sports Event - Research and Markets

Research and Markets has announced the addition of the "Global Commercial Drone-enabled Services Market 2016-2020" report to their offering.

The report forecasts the global commercial drone enabled-services market to grow at a CAGR of 35.47% during the period 2016-2020.

Drones are UAVs that are flown and controlled using handheld or GPS remote controls. The accelerometers attached to the drones help in controlling the drone while it is flying. Drones are used for surveillance, rescue missions, high-altitude photography, natural or man-made disaster management, product delivery, monitoring, internet connectivity, and photography and entertainment.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One of lates trends in the market is emergence of drone racing as major sport event. The use of consumer drones for sports is increasing with its growing popularity. Mountain Dew, a carbonated soft drink brand produced and owned by PepsiCo, and DR1 Racing organized a drone race in August 2016. The event used 12 of the world's top drone-racing pilots. The race was sponsored by Mountain Dew and was broadcasted globally through international sports networks like ESPN (News - Alert) and the International Drone Racing Association. They broadcasted the event live on cable TV.

Key vendors: