[July 29, 2020]

COVID-19 Impacts: Commercial Drones Market will Accelerate at a CAGR of almost 36% through 2020-2024 | Rise in Application of Drones to Boost Growth | Technavio

Technavio has been monitoring the commercial drones market and it is poised to grow by USD 20.39 bn during 2020-2024, progressing at a CAGR of almost 36% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200729005615/en/

Technavio has announced its latest market research report titled Global Commercial Drones Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3D Robotics Inc., AeroVironment Inc., Autel Robotics, FLIR Systems Inc., Intel Corp., Parrot SA, Remote Monitored Systems PLC, SZ DJI Technology Co. Ltd., Trimble (News - Alert) Inc., and Yuneec International Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The rise in application of drones has been instrumental in driving the growth of the market.

Commercial Drones Market 2020-2024 : Segmentation

Commercial Drones Market is segmented as below:

• Product
  • Software
  • Hardware
• End-user
  • Infrastructure
  • Agriculture
  • Public Safety
  • Energy
  • Others
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40635

Commercial Drones Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiplesources. Our commercial drones market report covers the following areas:

• Commercial Drones Market size
• Commercial Drones Market trends
• Commercial Drones Market industry analysis

This study identifies technological advances in commercial drones as one of the prime reasons driving the commercial drones market growth during the next few years.

Commercial Drones Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the commercial drones market, including some of the vendors such as 3D Robotics Inc., AeroVironment Inc., Autel Robotics, FLIR Systems Inc., Intel (News - Alert) Corp., Parrot SA, Remote Monitored Systems PLC, SZ DJI Technology Co. Ltd., Trimble Inc., and Yuneec International Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the commercial drones market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Commercial Drones Market 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist commercial drones market growth during the next five years
• Estimation of the commercial drones market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial drones market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of commercial drones market vendors

Table Of Contents :

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Value chain analysis
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market Outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

• Market segmentation by product
• Comparison by product
• Software - Market size and forecast 2019-2024
• Hardware - Market size and forecast 2019-2024
• Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

• Market segmentation by end-user
• Comparison by end-user
• Infrastructure - Market size and forecast 2019-2024
• Agriculture - Market size and forecast 2019-2024
• Public safety - Market size and forecast 2019-2024
• Energy - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by end-user

PART 09: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 12: MARKET TRENDS

• New developments and launches of commercial drones
• Growing number of acquisitions and partnerships
• Technological advances in commercial drones

PART 13: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 14: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• 3D Robotics, Inc.
• AeroVironment Inc.
• Autel Robotics
• FLIR Systems Inc.
• Intel Corp.
• Parrot SA
• Remote Monitored Systems PLC
• SZ DJI Technology Co. Ltd.
• Trimble Inc.
• Yuneec International Co. Ltd.

PART 15: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 16: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200729005615/en/

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