Artificial Intelligence
USD 21,7043.6 Mn Global Commercial Drone Market Size Expected to Grow at a CAGR of over 56.4% During 2022-2028 | Vantage Market Research
WASHINGTON, Sept. 05, 2022 (GLOBE NEWSWIRE) — Drones are hired for a variety of tasks, including filming and emergency response. Due to their capacity to survey the property, offer ongoing and accurate project alerts, increase safety, and prevent hazardous accidents on construction sites, these devices are also in high demand in the real estate and construction sectors. As a result, drone business use cases have expanded significantly over the past few years. Participants in the industry, such as producers of drones and software, are continuously developing, evaluating, and upgrading solutions for diverse markets. The Global Market revenue was valued at USD 14,829.5 Million in 2021.
The Global Commercial Drone Market size is forecast to reach USD 21,7043.6 Million by 2028 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 56.4% during the forecast period; states Vantage Market Research, in a report, titled “Commercial Drone Market Size, Share & Trends Analysis Report by Product (Fixed Wing, Rotary Blade, Hybrid), by Application (Filming & Photography, Inspection & Maintenance, Mapping & Surveying, Precision Agriculture, Surveillance & Monitoring, Other Applications), by End Users (Agriculture, Delivery & Logistics, Energy, Media & Entertainment, Real Estate & Construction, Security & Law Enforcement, Other End Users), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.
Key Industry Findings & Insights from the report:
- The global Commercial Drone Market was valued USD 14,829.5 Million in 2021 and is all set to surpass USD 21,7043.6 Million by 2028, exhibiting a CAGR of 56.4% during the forecast period 2022-2028.
- In terms of revenue, the application segment held the largest revenue share of in 2021 and is estimated to maintain its dominance for the forecast period.
- In terms of revenue, the product segment held the second largest market share of in 2021 and is estimated to grow rapidly during the forecast period.
- The growth can be attributed to rapid urbanization, technological advancement, an increase in investment by developing countries.
- North America captured the lion share in 2021 and is projected to retain its position over the forecast period. This can be attributed to the existence of a significant number of Commercial Drone industry companies and the high adoption rate owing to government measures that stimulate this industry in this region. The growth is primarily due to the increasing collaborations.
Get Access to a Free Copy of Our Latest Sample Report @ https://www.vantagemarketresearch.com/commercial-drone-market-1823/request-sample
Market Dynamics:
Drivers:
Increasing Demand for Small Drones in Commercial Applications
The market is anticipated to grow as a result of the growing use of small uncrewed aerial vehicles for a variety of commercial purposes, including aerial photography, filmmaking, precision agriculture, law & order, wildlife monitoring, entertainment, disaster management, relief & rescue operations, research & development, logistics & transportation, and construction. In addition, small drones are being widely adopted by a number of engineering firms and other businesses for several commercial tasks. In-depth project inspection, maintenance, transmission cable inspection, and oil pipeline inspection are other important commercial uses. In the upcoming years, a demand increase for unmanned systems in the oil and gas, energy, and power generation sectors is likely to drive market expansion. Furthermore, due to a rise in demand for home delivery services for food and e-commerce platforms, the primary technology giant Amazon Inc. and giant logistic companies, such as UPS, DHL, and FedEx, are investing heavily in developing drone delivery platforms. During the forecast period, a surge in demand for online food delivery services across the globe is anticipated to fuel small drone demand.
The Federal Aviation Administration (FAA) gave Amazon’s Prime Air permission to use its platform for air drone delivery services in August 2020. The business intends to use a new drone delivery system to extend unmanned package delivery. Amazon promised to deliver packages to its customers in less than an hour and a half.
Development of Remote Sensing and Advanced ADS-B Transponder Technologies
Drones are ideal for precisely deploying advanced sensors in quasi-static 3D space. Due to their maneuverability and capacity to fly at any low speed, Commercial Drone Markets provide precision flight control and operations even in windy areas. Drone use for infrastructure inspection, photogrammetric survey, and forest monitoring are rising in popularity. These programs are built around remote sensing operations. To transmit extremely exact location information to the ground-based operators and also directly to other drones, ADS-B uses a trig transponder that is combined with a GPS. The precision of this information transmission, known as ADS-B Out, is greater than that of traditional radar monitoring. As a result, drones equipped with ADS-B give air traffic controllers the option to reduce the desired departure distance between drones. A long-range UAV with an air-cooled boxer engine and fuel injection is called the High Eye Air boxer. The UAV has a payload capacity of 5 kg and can be equipped with numerous payloads, sensors, and other hardware, making it a highly adaptable platform suitable for combat operations.
Purchase This Premium Report (Price 4500 USD for a single-user license) at @ https://www.vantagemarketresearch.com/buy-now/commercial-drone-market-1823/0
Benefits of Purchasing Commercial Drone Market Reports:
- Customer Satisfaction: Our sales team of experts will available for you 24/7.
- Analyst Support: Speak to our analyst about your questions before or after purchasing the report.
- Assured Quality: Focuses on perfection and quality of reports.
- Incomparable Skills: Our Analysts in-depth insights are beyond comparison.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide and the Global Commercial Drone Market is not an exception. Governments across the world implemented several measures like strict lockdown to ensure social distancing norms to restrict the swift spread of the pandemic. The Commercial Drone Market suffered as the manufacturing units around the world were forced to shut down during the initial stages of the pandemic. Small and medium-scale companies which are the backbone technology providers to the Commercial Drone Market industry were directly affected due to the epidemic. Furthermore, the rollout for the Commercial Drone Market industry too is taken into consideration as the aftereffects of the pandemic are gradually coming down since the beginning of 2022.
The situation is seen to improve in the second half of 2022 as more supplies resume normal. Vantage Market Research, while performing the analysis study for the Global Commercial Drone Market has considered the impact of COVID-19 on the Commercial Drone Market globally and the subsidiaries for the Commercial Drone Market industry. In addition, the demand and supply chain is considered while estimating the current and forecast market size for the Global Commercial Drone Market industry for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
a. North America
b. Europe
c. Asia Pacific
d. Latin America
e. Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long-Term Dynamics
- Short-Term Dynamics
The report on Commercial Drone Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates, and Forecast
- Company Profiles
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/commercial-drone-market-1823
Regional Analysis:
North America is expected to dominate the growth of Commercial Drone Market in 2021. North America is predicted to steer the Commercial Drone Marketplace proportion dueto the growing use of Commercial Drone Markets and the presence of major drone manufacturers in the U.S. For instance, In May 2021, the Federal Aviation Administration (FAA) reported that 872,694 drones had been registered in the country.
List of Prominent Players in Commercial Drone Market:
- Aeronavics Ltd.
- AeroVironment Inc.
- Autel Robotics
- DJI
- Draganfly Innovations Inc.
- EHang Inc.
- Intel Corporation
- Parrot Drones SAS
- PrecisionHawk Inc.
- Yuneec
Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on “Commercial Drone Market Size, Share & Trends Analysis Report by Product (Fixed Wing, Rotary Blade, Hybrid), by Application (Filming & Photography, Inspection & Maintenance, Mapping & Surveying, Precision Agriculture, Surveillance & Monitoring, Other Applications), by End Users (Agriculture, Delivery & Logistics, Energy, Media & Entertainment, Real Estate & Construction, Security & Law Enforcement, Other End Users), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)“.
Recent Developments:
January 2022, Azur Drones announced new funding of roughly USD 9.06 million to assist its expansion in 2022, following a year of great growth, particularly internationally. This round of funding, which was done with a private French investor, raises the total amount raised since 2016 to over USD 40.16 million. It should help the French SME, which is the market leader in drone-in-a-box solutions, consolidate its position.
February 2022, Saudi Arabia and a key regional telecoms business announced a deal to develop Commercial Drone Market technology. The King Abdulaziz City for Science and Technology and Zain Saudi Arabia signed a memorandum of agreement. According to the Saudi Press Agency, the two will collaborate on drone research and development.
Key Questions Answered in The Report:
- Which region will show the fastest and highest growth in the near future?
- Which are the top five players and their weakness and strength of the Market?
- What will be the future innovation in the upcoming six years?
- Which application and product will lead the largest share of the Market?
- What are the growth drivers, restraints and challenges of the industry?
- What will be the CAGR and size of the Commercial Drone Market for the base year and forecast period?
This market titled “Commercial Drone Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered | • Product • Fixed Wing • Rotary Blade • Hybrid • Application • End Users • Region |
| Region & Counties Covered | • North America • U.S. • Canada • Mexico • Europe • Asia Pacific • Latin America • Middle East & Africa |
| Companies Covered | • Aeronavics Ltd.
• AeroVironment Inc. • Autel Robotics • DJI • Draganfly Innovations Inc. • EHang Inc. • Intel Corporation • Parrot Drones SAS • PrecisionHawk Inc. • Yuneec |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on [email protected] or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
Browse More Related Report:
- Flexible Packaging Market Size, Share & Trends Analysis Report by Materials (Paperboards, Plastics, Aluminum Foils, Other Materials), by Packaging Types (Stand-up Pouches, Films, Bag-in-Box, Other Packaging Types), by End Users (Food & Beverage, Personal Care, Pharmaceutical, Household Care, Industrial, Other End Users), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028).
- Artificial Intelligence as a Service Market Size, Share & Trends Analysis Report by Technology (Deep Learning, Machine Learning, Natural Language Processing), by Verticals (Government, Banking Financial Services & Insurance (BFSI), Healthcare, Manufacturing, Retail, Telecommunication), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028).
- Recombinant DNA Technology Market Size, Share & Trends Analysis Report by Products (Medical, Non-Medical), by Components (Expression System, Cloning Vector), by Applications (Food & Agriculture, Health & Disease, Environment, Other Applications), by End Users (Biotechnology & Pharmaceutical Companies, Academic & Government Research Institutes, Other End Users), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028).
- Distribution Automation Market Size, Share & Trends Analysis Report by Components (Field Devices, Software, Services), by Communication Technology (Wireless, Wired), by Utility (Public, Private), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028).
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research reports. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
Follow Us on Twitter: https://twitter.com/vantagemarketr
Follow Us on Facebook: https://www.facebook.com/vantagemarketresearch
Contact us
Eric Kunz
6218 Georgia Avenue NW Ste 1 – 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Email: [email protected]
Website: https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Releases @https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs
Blog:
Artificial Intelligence
Jean-Michel Jarre is world’s first passenger to take off in KleinVision’s flying AirCar
PIESTANY, Slovakia, April 24, 2024 /PRNewswire/ — Godfather of electronic music and innovator Jean-Michel Jarre becomes world’s first passenger to take off in KleinVision’s flying AirCar in preparation for Starmus Opening Concert also Featuring Sir Brian May of Queen.
KleinVision’s AirCar took to the skies with electronic music pioneer, Jean-Michel Jarre as its first passenger this month, signaling a new era of transportation innovation. AirCar, which received the Certificate of Airworthiness in January 2022, has already logged an impressive 130 flight hours and over 520 takeoffs.
“It is like being in a Jules Verne book, but for real! One second you speak to the driver, and next, you are up there in the air – an amazing experience!” said Jean-Michel Jarre after completing two flights in the AirCar at Piestany international airport.
The artist’s excitement was palpable as he marveled at the futuristic experience, perfectly reflecting the theme of his upcoming Starmus opening concert, ‘The Bridge from the Future’, powered by ESET, global digital security leader.
“AirCar addition to Starmus is a fantastic complement to our festival experience,” said Garik Israelian, PhD, astrophysicist at the Institute of Astrophysics of the Canary Islands and co-founder of Starmus, alongside Sir Brian May. “It mirrors the exhilarating journey we embark on, starting with Jean-Michel and Brian’s monumental concert that propels us to new heights, soaring alongside artists and inspiring thinkers like Jane Goodall, and coming back to Earth with the wisdom of astronaut Chris Hadfield once the festival concludes.”
“AirCar will not only be part of the Starmus opening concert, it will also be showcased at Starmus Camp, which, together with the Stephen Hawking Medal Ceremony and nine Nobelists giving lectures, will turn Bratislava into the world capital of science.”
Film director Todd Douglas Miller, Emmy Award-winning filmmaker of Apollo 11, captured the historic moment as he filmed the AirCar soaring at 2500 feet. “It looks impossible. It looks like it’s doing something it should not be doing!” Miller remarked, highlighting the groundbreaking nature of AirCar.
Professor Stefan Klein, inventor and pilot, expressed his pride as Jean-Michel became the inaugural passenger on the groundbreaking aircraft. “From dreams to reality, we have taken flight together with Jean-Michel, opening a new era of transportation with a touch of magic,” said Klein, moments before completing another successful intercity flight from Piestany to Nitra.
Anton Zajac, co-founder of KleinVision and ESET, lauded the advancement the AirCar represents in blurring the lines between roads and skies. “We are bridging the gap between the road and the sky, giving cars the freedom they symbolized 50 years ago,” Zajac remarked.
The flights took place in Piestany, Slovakia, and marked a momentous step towards a future where terrestrial and aerial travel seamlessly converge.
To see the short footage of the flight, click here.
Photo – https://mma.prnewswire.com/media/2395057/Klein_Vision.jpg
View original content:https://www.prnewswire.co.uk/news-releases/jean-michel-jarre-is-worlds-first-passenger-to-take-off-in-kleinvisions-flying-aircar-302124769.html
Artificial Intelligence
SUPCON Unveils Groundbreaking Products in June, Including the World’s First UCS
HANGZHOU, China, April 24, 2024 /PRNewswire/ — In June, SUPCON (688777) is poised to launch two groundbreaking products in Singapore: the world’s first UCS (Universal Control System) and TPT (Time-Series Pre-trained Transformer), the first time-series model in the process industry.
UCS, a revolutionary innovation from SUPCON, is set to revolutionize the 50-year-old DCS architecture, promising to eliminate traditional control cabinets.
TPT, as the pioneering time-series model in the process industry, will replace numerous traditional industrial apps and overcome unsolved industrial challenges.
SUPCON, founded in 1999, is a prominent global provider of intelligent manufacturing solutions for process industries. The company is committed to the development and application of AI technology through the integration of advanced products and extensive industry know-how. With a global customer exceeding 30,000, SUPCON’s products address all needs across over 50 countries and regions, encompassing sectors like oil & gas, refinery & petrochemical, chemical, etc. Aiming at high-quality and sustainable development, SUPCON is on the way to facilitate the automation and intelligentization of the global process industry.
In 2023, SUPCON’s core products, the Distributed Control System (DCS) and the Safety Instrumented System (SIS), both claimed the top market share position in China, achieving respective figures of 37.8% and 33.7%. Notably, the DCS has maintained the No.1 position for a consecutive 13th year.
View original content:https://www.prnewswire.co.uk/news-releases/supcon-unveils-groundbreaking-products-in-june-including-the-worlds-first-ucs-302125406.html
Artificial Intelligence
Automation Anywhere Appoints Tim McDonough as Chief Marketing Officer to Drive Global Awareness and Growth for the Leader in AI-Powered Automation
SAN JOSE, Calif., April 23, 2024 /PRNewswire/ — Automation Anywhere, a leader in AI-powered automation solutions, announced that AI marketing leader Tim McDonough joined the company as chief marketing officer (CMO). McDonough, who brings more than two decades of experience in driving growth across startups and Fortune 100 companies, will shape and lead Automation Anywhere’s global brand and growth strategies and go-to-market functions.
McDonough joins Automation Anywhere from Intel, where he recently served as vice president and CMO of AI and data centers. McDonough oversaw the transformation of the $14 billion-plus business unit, while guiding the company’s strategy and positioning in the AI market.
“Tim joins us at an incredible time in our journey as we experience a new phase of growth ignited by the transformative benefits of our generative AI process automation models that are transforming our customers’ businesses,” said Mihir Shukla, CEO, Automation Anywhere. “Tim’s impressive experience will be instrumental in our efforts to empower organizations to achieve amazing results by automating more than forty percent of workflows and tasks, and saving millions, even billions, of dollars.”
Prior to Intel, McDonough held executive roles at leading technology companies, including Unity Technologies, Qualcomm, and Microsoft. McDonough’s track record of enterprise and C-suite marketing spans developed and emerging technologies, including AI tools, applications, software-as-a-service (SaaS) solutions, and developer ecosystems.
“I’m looking forward to helping lead Automation Anywhere through its next phase growth as it helps companies transform their business,” said McDonough. “Seeing how customers are innovating with Automation Anywhere’s platform demonstrated to me the incredible market opportunity we have. When you combine automation with generative AI, customers can now go beyond task or departmental impact and automate at an enterprise level, empowering companies and employees to do their very best work.”
McDonough’s appointment comes at a time of remarkable opportunity for the company, marked by Automation Anywhere’s recent record-breaking fourth-quarter performance, continued profitability, and strong outlook in its current fiscal year. Last quarter, Automation Anywhere reported 50 percent growth in large enterprise deals from the previous quarter, highlighting the company’s momentum and strong market position.
About Automation Anywhere
Automation Anywhere is the leader in AI-powered process automation that puts AI to work across organizations. The company’s Automation Success Platform is powered with generative AI and offers process discovery, RPA, end-to-end process orchestration, document processing, and analytics, with a security and governance-first approach. Automation Anywhere empowers organizations worldwide to unleash productivity gains, drive innovation, improve customer service, and accelerate business growth. The company is guided by its vision to fuel the future of work by unleashing human potential through AI automation. Learn more at http://www.automationanywhere.com/.
Engage with Automation Anywhere
WebinarsLinkedInThreadsFacebookInstagramPhoto – https://mma.prnewswire.com/media/2395055/Tim_Headshot.jpgLogo – https://mma.prnewswire.com/media/2383572/4665982/Automation_Anywhere_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/automation-anywhere-appoints-tim-mcdonough-as-chief-marketing-officer-to-drive-global-awareness-and-growth-for-the-leader-in-ai-powered-automation-302125158.html
-
Artificial Intelligence7 days agoHuawei Introduces AI Technologies to Accelerate Network Transformation Towards All Intelligence in the Net5.5G Era
-
Uncategorized5 days agoGenerative AI gold rush drives IT spending — with payoff in question
-
Uncategorized5 days ago
Do underwriters trust artificial intelligence?
-
Uncategorized5 days ago
Hans Jonas on Responsibility in the Age of Artificial Intelligence
-
Uncategorized5 days ago
Meta AI Assistant Adds Website, Expands Beyond US
-
Artificial Intelligence5 days agoFree Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.
-
Uncategorized5 days ago
Can artificial intelligence reduce vehicle time to market?
-
Uncategorized5 days ago
The Ottawa Hospital doctors to try AI for patient notes
