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Commercial Drones Market worth $1.27 Billion by 2020

  • Written by: Pitch Engine
According to a new market research report “Commercial Drones Market by Type (Fixed Wing, Rotary Blade, Quad Rotor), Technology (Energy & Propulsion System, Automation, Collision Avoidance), Application (Government, Agriculture, Manufacturing, Retail) & Geography - Global Forecast to 2020”, the total commercial drones market was valued at $15.22 million in 2014 and is expected to reach $1.27 billion by 2020, at an estimated CAGR of 109.31% between 2014 and 2020.

Browse 79 market data tables and 67 figures spread through 189 pages and in-depth TOC on “Commercial Drones Market  - Global Forecast to 2020"http://www.marketsandmarkets.com/Market-Reports/commercial-drones-market-195137996.html

Commercial drones are the unmanned air vehicles which are operated without direct human control and are guided by a remote control. The commercial drones industry has witnessed significant technological developments over the last few years.  The increase in demand for drones in law enforcement applications and technological advancement are the key drivers propelling the growth of the market. This market in the report has been categorized by products, namely fixed wing, rotary blade, nano, and hybrid. The rotary blade drone held the maximum share of ~72% of the overall commercial drones market, as of 2014.

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The report also covers the key application sectors of the commercial drone market, which include law enforcement, energy and power, manufacturing, infrastructure, media and entertainment, agriculture, and scientific research. Among all the applications, law enforcement is expected to be the largest contributor to the overall commercial drones market.

The commercial drones market for different geographic regions, including Americas, Europe, Asia-Pacific, and the Rest of the World (RoW), has also been covered in the report. The Americas comprised the largest market for commercial drones as of 2014 and are expected to grow at the highest CAGR among all the regions.

The report profiles the major players along with their SWOT analysis in the commercial drones market. The market has been witnessing a series of new product launch announcements and partnerships across the value chain. The key players in this industry include F. Airware Inc (U.S., Drone Deploy (U.S.), DJI (Shenzhen), Precision Hawk Inc (U.S.), SenseFly ltd (U.S.), 3D robotics (U.S.), VDOS Global (U.S.), Trimble UAS (Belgium), and AeroVironment (U.S.), and others.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:Mr. RohanNorth - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252Tel: +1-888-600-6441Email: sales@marketsandmarkets.com

Authors: Pitch Engine

Read more http://www.pitchengine.com/pitches/2ad52a49-5e0d-4cc0-af9f-d3125d7649cd

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