Tag Archives: Commercial Drones

Commercial Drone Market to Surpass $2 Billion By 2022

Global Commercial Drone Market size is estimated to reach USD 2,069.6 million by 2022, as per a new research report by HexaResearch. Increasing application of these machines in various industry sectors such as military, agriculture and energy among others is expected to drive industry demand. Growing investments in industrialized markets for technology innovation and commercialization is likely to provide opportunities for future applications in the commercial drones market.

Commercial Drones Market Will Reach Us$8.89 Bn

​The global market for commercial drones is highly consolidated as the two leading players, namely Parrot S.A. and DJI cumulatively accounted for over 75% of the overall market in the year 2016. Among these, DJI held the lead on the back of its large global network and product innovations. Transparency Market Research (TMR) has observed that various companies operating in this market are constantly improving the technological aspects of their products to provide highly functional drones to their consumers. Other prominent players include Northrop Grumman Corporation, Draganfly, Denel SOC Ltd., and Aurora Flight. These players are focusing on improving landing capabilities and high image capturing abilities of drones.

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