Uploaded on Aug 18, 2020
According to a new study published by Polaris Market Research the commercial UAV market is anticipated to reach over USD 15,624.7 million by 2026
Commercial UAV Market Size To Reach $15.62 Billion By 2026
Commercial Uav Market
Set to Exceed USD 15,624.7 Billion by 2026 | CAGR
31.6%
“Commercial UAV (Unmanned Aerial Vehicle) Market
Share, Size, Trends & Industry Analysis Report By
Type (Rotary Blade UAV, Fixed Wing UAV, Others); By
End-User (Agriculture, Energy and Public Utilities,
Construction, Media and Entertainment,
Government, Others); By Regions: Segment Forecast,
2017 - 2026”
Commercial Uav Market Estimate & Forecast to 2026
According to a new study published by Polaris Market Research the commercial UAV market
is anticipated to reach over USD 15,624.7 million by 2026. In 2017, the rotary blade UAV
segment dominated the global market, in terms of revenue. North America is expected to be
the leading contributor to the global market revenue during the forecast period.
The increasing applications of commercial UAVs in industries such as agriculture, media &
entertainment, and mining have boosted the growth of the market. Use of UAVs in
performing high risk tasks further support the growth of this market. Additionally, the
technological innovation in the market in terms of miniaturization & improvement of
components further boosts the adoption of commercial UAVs. Increasing investments by
vendors in technological advancements coupled with decreasing prices of components
would reduce the overall cost of UAVs in the coming years, further supporting the market
growth. However, security and privacy concerns are expected to hamper market growth
during the forecast period. Growing demand from emerging economies, and increasing
awareness are factors expected to provide numerous growth opportunities in the coming
years.
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Commercial Uav Market Scope
By Type By End-User By Region Report Attributes
Rotary Blade UAVs Agriculture North America Historic year: 2015-2016
Fixed Wing UAVs Energy and Public Utilities Europe Base year: 2017
Others Construction Asia Pacific Forecast Year: 20182026
Media and Entertainment Latin America Middle East & Revenue (USD Billion)
Government Africa
Others
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Commercial Uav Market Estimate & Forecast to 2026
The different end-users in Commercial UAV market include agriculture, energy and public
utilities, construction, media and entertainment, government, and others. In 2017, the
government segment accounted for the highest market share. Government sector majorly
uses commercial UAVs for security and law enforcement. Unmanned aerial vehicles are
equipped with optical, zoom and thermal cameras for surveillance and acquiring evidence.
Other applications of commercial UAVs in this sector include search and rescue, traffic
collision reconstruction, investigating suspects, crime scene analysis, crowd monitoring, and
others.
The well-known companies profiled in the report include Parrot SA, SAIC, Israel Aerospace
Industries, Elbit Systems Ltd., DJI Innovations, BAE Systems PLC, PrecisionHawk Inc.,
AeroVironment, Inc., Aeryon Labs Inc., 3D Robotics Inc., Aurora Flight, and Denel Dynamics
among others. These companies launch new products and collaborate with other market
leaders to innovate and launch new products to meet the increasing needs and
requirements of consumers.
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Commercial Uav Market Share
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
for our clientele spread across different enterprises. We at Polaris are obliged to e present across
the industries of healthcare, technology, semi-conductors and chemicals among various other
industries present around the world.
We strive to provide our customers with updated information on innovative technologies, high
growth markets, emerging business environments and latest business-centric applications,
thereby helping them always to make informed decisions and leverage new opportunities. Adept
with a highly competent, experienced and extremely qualified team of experts comprising SMEs,
analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our
customers.
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