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Commercial Drone Market Projected to Expand at a CAGR of 57.5% from 2022 to 2030, According to, Data By Contrive Datum Insights

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Farmington, Jan. 31, 2023 (GLOBE NEWSWIRE) — The global Commercial Drone Market size was valued at USD 13.44 Billion in 2022. It is expected to expand at a compound annual growth rate (CAGR) of 57.5% from 2023 to 2030. In terms of quantity, it was anticipated that in 2020 there would be a demand for 689,4 thousand units. There are now a variety of applications for drones, including cinematography and emergency response. In addition, the real estate and construction industries have a significant need for these devices due to their ability to survey land, provide constant and accurate project notifications, boost safety, and prevent hazardous mishaps on construction sites.

Request Sample Copy of Report “Commercial Drone Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by Contrive Datum Insights.

There has been a tremendous increase in the number of commercial use cases for drones during the past few years. Market participants, such as firms that build drones and companies that provide software solutions, are constantly designing, testing, and enhancing products that can be utilised in multiple markets.

Commercial Drone Market Recent Developments:

  • February 2022 – Saudi Arabia and a significant territorial media communications organization declared a cooperation to foster commercial drone’s innovation. An update of understanding was endorsed between the King Abdulaziz City for Science and Technology and Zain Saudi Arabia. The two will cooperate on drone innovative work, as indicated by the Saudi Press Agency.
  • Under the Trade Initiative’s Joint Working Group Air Systems andDefense Technology, the United States and India’s Ministry of DefenseDepartment of Defense settled on a Project Arrangement for an Air-Launched Unmanned Aerial Vehicle in September 2021.

Commercial Drone Market Segmentation Analysis:

In terms of volume, the segment of rotary blades accounted for almost 80.0% of the market in 2020 and is predicted to maintain its dominance during the forecast period. Due to its ability to retain a visual on a single target for an extended amount of time, hover, and perform agile manoeuvres, the inspection market for rotary-blade drones is projected to develop. Typically, these drones are useful for a wide range of commercial applications, including filmmaking and photography, surveillance, and monitoring. In addition, they are simpler to manage than their fixed-wing and hybrid equivalents.

In 2020, the filming and photography category accounted for around 31.0% of the market’s revenue and is predicted to maintain its dominance throughout the forecast period. Professional photographers are increasingly accepting drones as a means of gaining a competitive advantage, as they are becoming an intrinsic part of the field. Companies such as DJI are manufacturing miniature drone cameras capable of capturing high-quality photographs for professional photographers. Additionally, previously inaccessible landscapes and locations are now easily accessible.

In 2020, the media and entertainment sector owned almost 27.0% of the market share and is likely to maintain its dominance throughout the forecast period. Drones have a number of media and entertainment uses. Filmmakers have begun using professional drones to take precise shots at the lowest possible cost. The rising demand from clients and owners for advertising resorts, hotels, tourist spots, public spaces, and amusement parks via aerial photography is likely to fuel the segment’s expansion.

Regional Outlook:

North America represented roughly 37.0% of the market share in 2020 and is anticipated to witness considerable growth over the next seven years as a result of favourable government efforts, developments in drone technology, and increased demand from enterprises in a range of industries. Additionally, the Federal Aviation Administration (FAA) of the United States has established new regulations to provide clearer and more uniform guidelines for the legal and safe flying of UAVs in commercial situations. These rules and regulations are predicted to reduce entrance barriers and increase product adoption in the region.

Asia-Pacific is projected to experience the biggest volume growth between 2021 and 2028, with a compound annual growth rate of 63.1%. Regional demand for commercial drones is anticipated to approach 9 million units by 2028, surpassing that of North America. Positive regulatory conditions, particularly in developed nations, are anticipated to propel the market’s growth.

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Scope of Report:

Report Attributes Details
Growth Rate 57.5% from 2023 to 2030
Market Size in 2022 USD 13.44 Billion
By Product Fixed-wing, Rotary Blade, Hybrid
By Application Filming & Photography, Inspection & Maintenance, Mapping & Surveying, Precision Agriculture, Surveillance & Monitoring, Others
By End User Agriculture, Delivery & Logistics, Energy, Media & Entertainment, Real Estate & Construction, Security & Law Enforcement, Others
By Companies Yuneec Holding Ltd, Skydio, Inc., Parrot Group, Intel Corporation, Teal Drones, Ehang Holdings Limited, AeroVironment Inc., 3D Robotics, Inc., and Others
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 to 2030

Commercial Drone Market Growth Factor:

As a result of ongoing specialised developments in devices such as cameras, portable equipment, CPUs, microcontrollers, and current personal computers, robot manufacturers have modernised their product offerings. As a result of these enhancements, organisations can now develop and operate within their own walls estimation and explanation tools for estimating distance, volume, and area. As a result, organisations from all over the world are increasingly seeking artificial intelligence (AI) and man-made intelligence (MI) solutions to extract valuable outcomes from a mountain of data and information obtained from a huge variety of data of interest.

ADVANCES IN ARTIFICIAL INTELLIGENCE TECHNOLOGY, WHICH MONITOR AND STORE ENORMOUS AMOUNTS OF DATA, make it possible for UAVs to work more efficiently As a result of the global COVID-19 pandemic, there has been a huge increase in the use of robot technology in a number of settings, with drones proving to be of tremendous service in such scenarios. In order to reduce the amount of time spent travelling and the risk of infection, drones are rapidly being utilised in the medical care industry for a number of functions, including the transportation of lab tests and clinical supplies. More than eighteen countries, according to the United Nations Children’s Fund (UNICEF), have utilised drones as a form of transportation and conveyance during the pandemic. rambles’ adoption of cutting-edge technology such as Artificial Intelligence (AI) and Machine Learning (ML) helps the company to capitalise on enormous new economic prospects.

Commercial Drone Market Key Segments Covered:

Top Market Players:
Yuneec Holding Ltd, Skydio, Inc., Parrot Group, Intel Corporation, Teal Drones, Ehang Holdings Limited, AeroVironment Inc., 3D Robotics, Inc., and Others.

By Product

  • Fixed-wing
  • Rotary Blade
  • Hybrid

By Application

  • Filming & Photography
  • Inspection & Maintenance
  • Mapping & Surveying
  • Precision Agriculture
  • Surveillance & Monitoring
  • Others

By End-use                

  • Agriculture
  • Delivery & Logistics
  • Energy
  • Media & Entertainment
  • Real Estate & Construction
  • Security & Law Enforcement
  • Others

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

Check out more related studies published by Contrive Datum Insights:

  • Photocatalysts Market – The global Photocatalysts Market was valued at nearly USD 2.5 billion at the end of 2018. Growing at CAGR of nearly 10%, the photocatalyst market is expected to cross the USD 6 billion mark by the end of 2018 over the forecast period. Japan accounted for USD 560.5 million in revenue in 2016, dominating the market owing to the highest number of technology patents, presence of major manufacturers, and high adoption of technology. Furthermore, increasing R&D activities in the country are expected to drive growth over the forecast period.
  • Digital Vacuum Gauge Market – The Digital Vacuum Gauge Market was valued at USD 3.15 billion in 2021 and is projected to grow at a CAGR of 5.2% during the forecast period from 2021 to 2030. North America is expected to dominate the market with a staggering 42% share in 2019, followed by Europe and Asia Pacific. Growth in these regions is primarily attributed to factors such as rising R&D activities and investments in technological advancements and increasing demand from end-use industries such as coating & printing, space simulation, and vacuum drying/heat treatment.
  • Vacuum Insulated Pipe Market – The global Vacuum Insulated Pipe market is expected to grow from USD 1.02 Billion in 2022 to USD 2.06 Billion by 2030, at a CAGR of 7.5% from 2022 to 2030. North America is expected to be the largest region in terms of revenue during the forecast period. This is due to a number of factors such as increasing industrialization and infrastructure investment, and growing demand from oil and gas companies. 
  • Liquid Ring Vacuum Pumps Market – The global Liquid Ring Vacuum Pumps Market is expected to be reach at USD 2,493.3 million in 2021 and is projected to grow a CAGR of 5.2% over the forecast period from 2021 to 2028. Asia Pacific is attracting investors to set up their production facilities owing to the easy availability of raw materials and labor at low costs. Industrial activities are growing in this region owing to low manufacturing costs and support of local governments.

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 +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

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Artificial Intelligence

Supermicro’s Rack Scale Liquid-Cooled Solutions with the Industry’s Latest Accelerators Target AI and HPC Convergence

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Complete Data Center Liquid-Cooled Solutions Enable AI Factories to be Constructed at Unprecedented Speeds Using the Latest Dense GPU Servers Equipped with the Highest-Performing CPUs and GPUs
SAN JOSE, Calif. and HAMBURG, Germany, May 13, 2024 /PRNewswire/ — International Supercomputing Conference (ISC) — Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, is addressing the most demanding requirements from customers who want to expand their AI and HPC capacities while reducing data center power requirements. Supermicro delivers complete liquid-cooled solutions, including cold plates, CDUs, CDMs, and entire cooling towers. A significant reduction in the PUE of a data center is quickly realized with data center liquid-cooled servers and infrastructure, and this can reduce overall power consumption in the data center by up to 40%.

“Supermicro continues to work with our AI and HPC customers to bring the latest technology, including total liquid cooling solutions, into their data centers,” said Charles Liang, president and CEO of Supermicro. “Our complete liquid cooling solutions can handle up to 100 kW per rack, which reduces the TCO in data centers and allows for denser AI and HPC computing. Our building block architecture allows us to bring the latest GPUs and accelerators to market, and with our trusted suppliers, we continue to bring new rack-scale solutions to the market that ship to customers with a reduced time to delivery.”
Supermicro application-optimized high-performance servers are designed to accommodate the most performant CPUs and GPUs for simulation, data analytics, and machine learning. The Supermicro 4U 8-GPU liquid-cooled server is in a class by itself, delivering petaflops of AI computing power in a dense form factor with the NVIDIA H100/H200 HGX GPUs. Supermicro will soon ship liquid-cooled Supermicro X14 SuperBlade in 8U and 6U configurations, the rackmount X14 Hyper, and the Supermicro X14 BigTwin. Several HPC-optimized server platforms will support the Intel Xeon 6900 with P-cores in a compact, multi-node form factor.
Learn more about how Supermicro Rack Scale Integration Services enable you to reduce costs and optimize your data center: https://www.supermicro.com/en/solutions/rack-integration 
In addition, Supermicro continues its leadership shipping the broadest portfolio of liquid cooled MGX Products in the industry.. Supermicro also confirms its support for delivering the latest accelerators from Intel with its new Intel® Gaudi® 3 accelerator and AMD’s MI300X accelerators. With up to 120 nodes per rack with the Supermicro SuperBlade®, large-scale HPC applications can be executed in just a few racks. Supermicro will display a wide range of servers at the International Supercomputing Conference, including Supermicro X14 systems incorporating the Intel® Xeon® 6 processors.
Supermicro will also showcase and demonstrate a wide range of solutions designed specifically for HPC and AI environments at ISC 2024. The new 4U 8-GPU liquid-cooled servers with NVIDIA HGX H100 and H200 GPUs highlight the Supermicro lineup. These servers and others will support the NVIDIA B200 HGX GPUs when available. New systems with high-end GPUs accelerate AI training and HPC simulation by bringing more data closer to the GPU than previous generations by using high-speed HBM3 memory. With the incredible density of the 4U liquid-cooled servers, a single rack delivers (8 servers x 8 GPUs x 1979 Tflops FP16 (with sparsity) = 126+ petaflops.  The Supermicro SYS-421GE-TNHR2-LCC can use dual 4th or 5th Gen Intel Xeon processors, and the AS -4125GS-TNHR2-LCC is available with dual 4th Gen AMD EPYC™ CPUs.
The new AS -8125GS-TNMR2 server gives users access to 8 AMD Instinct™ MI300X accelerators. This system also includes dual AMD EPYC™ 9004 Series Processors with up to 128 cores/256 threads and up to 6TB memory. Each AMD Instinct MI300X accelerator contains 192GB of HBM3 memory per GPU, all connected with an AMD Universal Base Board (UBB 2.0). Moreover, the new AS -2145GH-TNMR-LCC and AS -4145GH-TNMR APU servers are targeted to accelerate HPC workloads with the MI300A APU. Each APU combines high-performance AMD CPU, GPU, and HBM3 memory for 912 AMD CDNA™ 3 GPU compute units, 96 “Zen 4” cores, and 512GB of unified HBM3 memory in a single system.
At ISC 2024, a Supermicro 8U server with the Intel Gaudi 3 AI Accelerator will be shown. This new system is designed for AI training & Inferencing and can be directly networked with a traditional Ethernet fabric. Twenty-four 200 gigabit (Gb) Ethernet ports are integrated into every Intel Gaudi 3 accelerator, providing flexible and open-standard networking. In addition, 128GB of HBM2e high-speed memory is included. The Intel Gaudi 3 accelerator is designed to scale up and scale out efficiently from a single node to thousands to meet the expansive requirements of GenAI models. Supermicro’s Petascale storage systems, which are critical for large-scale HPC and AI workloads, will also be displayed.
The Supermicro SuperCloud Composer will be demonstrated for the data center management software, showing how, from a single console, an entire data center can be monitored and managed, including the status of all liquid-cooled servers.
Learn more about Supermicro’s presence at ISC 2024 at: https://app.swapcard.com/event/isc-high-performance-2024/exhibitor/RXhoaWJpdG9yXzE1NjYyODE=?
About Super Micro Computer, Inc.
Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions manufacturer with server, AI, storage, IoT, switch systems, software, and support services. Supermicro’s motherboard, power, and chassis design expertise further enable our development and production, enabling next generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names, and trademarks are the property of their respective owners.
SMCI-F
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Artificial Intelligence

The Future of AI in Retail Banking Operations

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LONDON, May 13, 2024 /PRNewswire/ — Artificial intelligence (AI) has emerged as a key focus for retail banking operations in recent months. Auriemma Group’s latest series of roundtables tackled the ever-growing space, discussing current usage of AI solutions and how members plan to utilize AI to further enhance their offerings.

“There’s a significant amount of interest in AI across all operational areas,” says Nicole Toussaint, Senior Manager of Industry Roundtables at Auriemma. “Although we’re seeing some hesitation in deploying it, I expect we’ll see some big moves by industry players over the coming months.”
Across all operational areas, firms are hoping to leverage AI to assist front-line employees with navigating their knowledge management systems. This would hopefully improve the accuracy of agent work and help to reduce lengthy training periods. Additionally, firms are considering using the tool enterprise-wide to produce meeting minutes and to assist in communications drafting.
In the Collections and Recoveries space, firms hope to use the tool in their contact strategies. Roundtable members believe that AI can make their contact more effective by creating more bespoke strategies. The technology can help firms decide the optimal time to contact customers, the most effective channel to make contact, and the most engaging messaging and content to use.
Fraud Departments see an opportunity to use AI to improve their current fraud detection models to identify bad actors and fraudulent payments more quickly. Several firms have already partnered with vendors who provide AI-powered fraud mitigation tools.
On the Servicing side, firms are discussing improvements to their chatbot offerings. Currently, many chatbots are FAQ-based, but firms believe that AI can revolutionise the chatbot experience and improve satisfaction scores in the channel.
“We see a clear opportunity to leverage AI to provide dynamic call scripting to front-line agents,” says Toussant. “This would take some of the pressure off agents when servicing and allow banks to provide a more tailored, well-informed customer experience.”
In the Disputes and Chargebacks space, one firm is already using an AI-integrated optical character resolution (OCR) tool to read customer documents provided as proof in a disputes case. Many firms hope to use AI to gain efficiencies in the disputes process. They believe that the tool can help guide agent decisions as they work cases by pulling in bank, scheme, and regulatory policies.
Similarly, in the Complaints space, members see an opportunity for AI to help complaints agents while investigating. AI can not only analyse the materials provided by the complainant but also bring in insights from previously decisioned cases and Financial Ombudsman (FOS) decisions. In this process, the technology can also guide the agent in classifying the complaint type. Some also noted that AI could potentially assist agents with drafting final response letters.
This topic is expected to become an evergreen topic at Auriemma Roundtable meetings, especially as firms identify new use cases and as Auriemma brings in experts from the field to drive further thought leadership.
The next set of roundtable meetings are scheduled for June and July at the Edwardian Hotel in Manchester. If you or any of your colleagues are interested in attending as our guests, please contact us via [email protected].
About Auriemma Group
For 40 years, Auriemma’s mission has been to empower clients with authoritative data and actionable insights. Our team comprises recognised experts in four primary areas: operational effectiveness, consumer research, co-brand partnerships and corporate finance. Our business intelligence and advisory services give clients access to the data, expertise and tools they need to navigate an increasingly complex environment and maximise their performance. Auriemma serves the consumer financial services ecosystem from our offices in London and New York City. For more information, visit us at www.auriemma.group.

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Artificial Intelligence

MSI Highlights Optimized AI Platforms to Accelerate Compute-Intensive Applications at ISC 2024

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HAMBURG, Germany, May 13, 2024 /PRNewswire/ — MSI, a leading global server provider, brings its latest server platforms powered by AMD processors and 5th Gen Intel® Xeon® Scalable processors, optimized for HPC and AI markets at ISC 2024, booth #F39 in Hamburg, Germany from May 13-15.

“As businesses increasingly adopt AI applications to improve customer experiences, the need for greater computing power and denser deployments has spurred significant shifts in IT infrastructure, driving a widespread adoption of liquid cooling,” said Danny Hsu, General Manager of Enterprise Platform Solutions. “MSI’s AI server platforms empower businesses to achieve efficiency gains while handling more compute-intensive workloads.”
Diverse GPU Platforms to Enhance Performance for AI Workloads
MSI G4201 is a 4U supercomputer designed for exceptional performance in compute-intensive tasks. It features up to eight double-wide PCIe 5.0 x16 slots optimized for high-performance GPU cards, alongside one single-wide PCIe 5.0 x16 expansion slot. Each GPU has a full PCIe 4.0 or 5.0 x16 link directly to the root port complex of a CPU socket without going through a PCIe switch, granting maximum CPU-to-GPU bandwidth. Powered by dual 5th Gen Intel Xeon Scalable Processors and equipped with 32 DDR5 DIMMs, the G4201 platform delivers outstanding heterogeneous computing capabilities for various GPU-based scientific high-performance computing, Generative AI, and inference applications. Additionally, the system includes twelve 3.5-inch drive bays for enhanced functionality.
The G4101 is a 4U 4GPU server platform designed for AI training workloads. It supports a single AMD EPYC™ 9004 Series processor equipped with a liquid cooling module, along with twelve DDR5 RDIMM slots. Additionally, it features four PCIe 5.0 x16 slots tailored for triple-slot graphic cards with coolers, ensuring increased airflow and sustained performance. With twelve front 2.5-inch U.2 NVMe/SATA drive bays, it offers high-speed and flexible storage options, catering to the diverse needs of AI workloads. The G4101 combines air flow spacing and liquid closed-loop cooling, making it the optimal thermal management solution for even the most demanding tasks.
For small-sized businesses, the liquid-cooled S1102-02 server offers an ideal solution, providing superior thermal performance while optimizing costs. Equipped with a single AMD Ryzen™ 7000 Series processor with liquid cooling support of up to 170W, the system features four DDR5 DIMM slots, one PCIe 4.0 slot, two 10GbE onboard Ethernet ports, and four 3.5-inch SATA hot-swappable drive bays in a compact 1U configuration.
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