Report Description Table of Contents Industry Report and Statistics (Facts & Figures) The commercial drone market will grow with a robust CAGR of 28.58 percent, valued at $8.15 Bn in 2022, and expected to appreciate and reach $47.38 Bn by 2030, confirms Strategic Market Research. North America dominates the commercial drone market with a revenue share of 40.07%. Commercial drones, commonly known as unmanned aerial vehicles (UAV), are aircraft engaged for commercial & industrial applications. These types of aircraft exhibit advanced functionality and possess the necessary equipment to execute complex operations effectively. Skilled and qualified pilots operate drones through remote control from the ground. Commercial drones are similar to personal drones, with flight control computers and sensors for hovering and programmed movements. They have high-definition thermal cameras for real-time viewing. Some commercial drones can stay in the air for hours & fly hundreds of feet, making them versatile and efficient tools for various applications. Commercial unmanned aerial vehicles (UAVs) have made significant progress since their early years of limited functionality. As a result, many firms, trades, and sectors have quickly adopted them to streamline their operational routine. Drone projects had a significant positive impact on various public safety operations due to their capability to save lives. UAVs have been frequently employed as a life-saving instrument in law enforcement, fire fighting, search & rescue, as well as in disaster responses. Drones have been shown to be an excellent force multiplier in law enforcement. They eliminate the need for police officers to be exposed to high-risk situations such as hostage situations, active shooter situations, and other dangerous situations. This has resulted in the advent of new strategies & SOPs that incorporate drones into police operations. Some advantages of utilizing commercial drones in law enforcement are: A single drone's live feed can be synchronized with a central control center, allowing for real-time data-driven action. The ability to use optical zoom allows for covert observation from the sky. It can also be employed to construct precise 2D and 3D maps & models of crime scenes. Commercial drones featuring smart tracking characteristics can be utilized to easily monitor a fleeing criminal even without the risk of pursuing on foot. Drones such as the Matrice 200 V2 & Matrice 300 have loudspeakers that enable police to converse with subjects. Firefighters are also increasingly using commercial drones. Drones have shown to be quite useful in tracking and controlling wildfires. Given the size & unpredictability of wildfires, it's nearly difficult for fire fighters to obtain a sense of the fire's scale without an extra pair of eyes in the sky. An unmanned aircraft fitted with thermal cameras & other sensors can provide fire fighters with a bird's-eye view of the terrain and anticipate the path of a wildfire. This information can be utilized to put out the fire and prepare an evacuation if someone is in danger. Furthermore, farmers can use agricultural drones to monitor crop & livestock conditions from the air in order to spot possible problems and enhance field management. Farmers & other agribusiness owners can employ agricultural drone services for a variety of purposes, including land imaging. All of the aforesaid pointers are anticipated to spearhead the prosperity of the market significantly. Market Dynamics:- (Rise in usage of UAVs in the Oil& Gas Industry for surveillance, and infrastructure inspection, Increase in funding by the government towards the R&D sector for further technological advancements in UAVs). Many oil and gas firms are utilizing unmanned devices and drones. UAVs have made inspections, surveillance, and leak detection far faster, safer, and less expensive than ever before, and businesses are seizing the chance. Oil and gas companies use highly advanced commercial drones (UAVs) equipped with 3D models, powerful cameras, thermal imaging, and modeling software, thereby allowing for faster and much more manageable and large-scale inspection of pipelines, sub-surfaces of storage tanks, exterior surfaces, and maritime vessels. Furthermore, as per SMR, certain fixed-wing commercial aerial drones of the oil and gas sector can fly at speeds of up to 40mph over several hours on a single charge, thereby making long-distance inspections more practical than ever. Furthermore, a substantial increase in funding by the worldwide governments towards the R&D sector for rapid technological advancements of UAVs is also expediting the market growth significantly. As per SMR, the U.S. FAA (Federal aviation administration) has allotted some significant funding of around USD 4.4 million in UAV research grants to 7 universities, i.e., the University of North Dakota ( an allocation of nearly $325,042) the University of Kansas (around $325,000), Drexel University ( almost $325,830), The Ohio State University ( allocation of close to $732,441), Embry-Riddle Aeronautical University (nearly $371,000), Mississippi State University (around $330,000) and the University of North Dakota ( funding of around $80,000) respectively. Restraints: - (Lack of skills to operate UAVs, and risks of being hijacked or manipulated) Apart from having myriad benefits, UAVs inculcate some drawbacks as well, such as:- Lack of Skills in UAV operation: - Currently, there is a major shortage of skilled controllers of UAVs for professional videography, land mapping, as well as in some specific use cases. Risks of being hijacked or manipulated:- UAVs can simply be taken over by providing them fake GPS data, a method already exploited by hackers to trick mobile phones' location-based services. Opportunities: - (Advent of 5G Delivery model & cloud computing technology integrations, and delivery & logistics) Logistics stakeholders increasingly use drone technology to improve last-mile logistics by controlling costs, overcoming traffic bottlenecks, and reducing emissions while satisfying customer demand for on-demand and instant delivery. Using drones for delivery and logistics has gained significant attention in recent years. The drone delivery market is growing with a robust CAGR of 29%, poised to reach $3.5 billion by 2030. Drones have the potential to transport goods quickly and efficiently, particularly in remote or challenging terrains. This application particularly applies to delivering medical supplies, disaster relief aid, and e-commerce packages. As FAA regulations evolve and technology advances, the commercial drone market is poised for growth in the delivery and logistics sector, offering improved efficiency, reduced delivery times, and cost savings. To achieve the benefits of UAV drones & shape future rules and regulations, the FAA is encouraging innovation and collaboration with businesses, state, local, & tribal governments. The UAS Integration Pilot Program (IPP) tested and evaluated the integration of civil & public UAV drone operations into the national airspace system. This continued under the UAS BEYOND programme, which also focused on solving the remaining problems of UAS integration, such as BVLOS operations, the socio-economic benefits of UAS operations, & community engagement. Moreover, as per Volpe Centre, it’s expected that the number of unmanned aerial vehicle (UAV) operations per year will surpass the number of manned aircraft operations by 2035. It also delineated that the U.S. commercial drone sector will be worth $5 billion by 2035, thereby paving the way for ample opportunities for the market expedition in the future. Market Analysis of different Segmentations Covered in the Report The market for Commercial Drones or UAVs is ramified based on Product, Applications, End-User, and Geography. Based on Product · Rotary Blade · Fixed-wing · Hybrid Based on Application · Surveillance & Monitoring · Inspection & Maintenance · Filming & Photography · Precision Agriculture · Mapping & Surveying · Others Based on End-user · Delivery & Logistics · Agriculture · Energy · Security & Law Enforcement · Media & Entertainment · Real Estate & Construction · Others Regional Coverage Analysis North America o U.S.A. o Mexico o Canada Europe o U.K. o Germany o Italy o France o Spain o Rest Europe Asia Pacific o China o Korea o Australia o Japan o Rest of APAC LAMEA o Middle East o Africa o Latin America Based on the Product, the commercial drone market is categorized into rotary blade, fixed-wing & hybrid drones. Rotary blade drones dominate the commercial drone market with a revenue share of 80.12%, growing with a robust CAGR of 16.77%, poised to reach $38 billion by 2030. Rotary-wing unmanned aerial vehicles (UAVs) function similarly to helicopters. Their primary benefits include their ability to perform vertical take-offs and landings and their capacity to hover, enabling them to navigate through tight spaces and circumvent obstructions. They are apt for inspection purposes such as monitoring machines and industrial plants. For the Application section, the Filming & Photography segment significantly led the market growth with a decent share of around 32.35 % in 2021. Unmanned aerial systems (UAS) & drones are emerging technologies that many photographers and filmmakers are utilizing. Drones are completely transforming the market outlook of cinema, television & real estate photography, thereby enabling limitless options to shoot high-quality photographs and video from previously unattainable perspectives and at previously inconceivable budgets. As per SMR, the Los Angeles Times has reported that utilizing UAVs for film and photography purposes has immensely helped these industries to save their overall expenses. It costs as little as $5,000 a day to operate with a filming UAV, compared to $25,000 when operated by a helicopter. (I.e., using UAVs can cut down expenses by almost five times). Moreover, the Precision Agriculture segment held the fastest expedition rate over the prevised time frame. Farmers all over the world are attempting to minimize agricultural costs and increase their output as much as possible. UAVs are extremely useful for meticulously tracking vast swaths of agricultural land, taking into consideration some features such as tilt and height, for instance, to determine the most effective crop planting routine. For the End-User section, the Media & Entertainment segment led the market with a share of 29.28 % in 2021. The usage of UAVs is very popular in this industry as UAVs can capture sights and their surroundings adequately, ensuring a clear perspective. They can also record scenes and photographs in an incredibly detailed manner and from the desired angles. UAVs now enable filmmakers to capture footage in unimaginable ways. UAV photographs appear remarkable because of their capacity to record from a higher vantage/altitude. They are equipped with high-definition cameras built in such a way that they can swivel and spin in all angles, enabling the operator to record photographs and films from various directions. For the Geographical Section, North America dominates the commercial drone market with a revenue share of 40.07%, growing at a CAGR of 16%. North America dominates the commercial drone market due to technological advancements, regulatory frameworks, market demand, and strong industry players. The country has established flexible & favourable FAA regulatory frameworks allowing businesses to operate drones commercially. Government initiatives, such as the UAS Integration Pilot Program, support the development and integration of drone technology. Leading drone manufacturers, software developers, and service providers like DJI have driven innovation and expanded drone adoption across various industries. Heavy investments in R&D of drone technology are proliferating the commercial drone market in the region. Further, the APAC region held the fastest growth rate in 2021 respectively. DJI, one of the leading Chinese companies, continued its leadership over the estimated time frame of 2021 to 2030. As per SMR, The DJI Air 2S, developed by the Chinese company DJI, is the finest UAV for aspiring aerial videographers and photographers due to its automated obstacle avoidance & 5.4K camera, as well as its ease of operation. Its three-axis gimbal delivers decent image stabilization & The Mavic-2 Intelligent Flight Battery powers the DJI Air 2S for 31 minutes of its flight time and recharges it in less than two hours. Global Commercial Drone Market Competitive Landscape Analysis The research provides a comprehensive competitive landscape analysis based on a thorough examination of the key strategic decisions taken by the top market participants in recent years. The leading firms in the Commercial Drones market are as follows: Aeronavics Ltd. 3D Robotics, Inc. Autel Robotics AeroVironment Inc. FLIR Systems Ehang Holdings Holy Stone Teal Drones AgEagle Aerial Systems Intel Corporation PrecisionHawk, Inc. Parrot Group SZ DJI Technology Skydio, Inc. Yuneec Holding Recent Developments:- On June 2023, Dufour Aerospace, a Swiss eVTOL company, unveiled the Aero2 drone's final design and specifications. The drone features a hybrid-electric propulsion system & an aerodynamically-efficient tilt-wing design. The Aero2 serves as the antecedent to the Aero3, a tilt-wing aircraft of greater size and capacity, capable of accommodating both manned and unmanned missions. Dufour has made significant progress in testing through simulation and real-world experimentation at its facilities in Dübendorf/Zurich and Visp, Switzerland. On March 2023, Researchers from Ruhr University Bochum and the CISPA Helmholtz Centre for Information Security identified security vulnerabilities in various commercial drone models. A tool has been released that enables the reception, decoding, and tracking of a drone's unique ID through a software-defined radio. This tool provides an accurate location via GPS. The researchers successfully conducted a reverse-engineering process on DJI's proprietary communication protocol. This included a protocol section known as Drone-ID, which is responsible for encoding the drone's distinct identifier and the location details of both the drone and its operator. The study by the researchers revealed the existence of 16 vulnerabilities in four commercially available drones, some of which resulted in in-flight crashes. DJI has issued updates that address the majority of identified vulnerabilities. On June 2023, A2Z Drone Delivery launched the RDSX Pelican, which integrates the dependability and flight stability of a multirotor platform with the extended range of a fixed-wing aircraft. The design of the Pelican is both simple and robust, effectively eliminating specific failure points and prolonging the time between necessary maintenance overhauls. The device can transport a payload of 5 kg during missions that cover a roundtrip distance of up to 40 km & the device can be tailored to various applications. The RDSX Pelican boasts a hybrid fixed-wing & multirotor airframe that eliminates conventional control surfaces, reducing operational costs for commercial drone delivery fleets. The Pelican drone boasts an operating cost of 13 cents per kg per km, which enables optimal efficiency, payload capacity, and reach for commercial drone delivery operations. On May 2023, Trimble recently introduced the Trimble PX-1 RTX solution, which offers accurate and reliable positioning and heading capabilities for commercial drone delivery operations. With the help of this solution, drone integration businesses can offer centimeter-level positioning in real-time as well as exact inertial-derived actual heading measurements. The Trimble PX-1 RTX utilizes Trimble's CenterPoint RTX corrections and small, high-performance GNSS-inertial hardware, allowing operators to manage unmanned aerial vehicles (UAVs) during takeoff and landing in confined or partially obstructed areas. The proposed solution aims to mitigate operational risks from suboptimal sensor performance or magnetic interference by enhancing positioning redundancy, especially in urban and suburban regions. Key UAVs supplied by the leading organizations are as follows:- UAV launched Features Company Skyjib 8-motor co-axial multi-rotor UAV used widely in commercial purposes by civil infrastructure, Maintainance/inspection organizations. Aeronavics Inc. The H850 RTK Used for a variety of commercial applications like surveying, infrastructure inspections, public safety applications, and animal rescue. Yuneec Holdings Golden Eagle Used to provide aerial surveillance for a myriad number of commercial purposes. Teal Drones Frequently Asked Question About This Report What is the global size of the commercial drone market? The commercial drone market size is expected to increase at a CAGR of 28.58% from $8.15 Bn in 2022 to around $47.38 billion by 2030. Who is the largest commercial drone manufacturer? North America is the largest manufacturer of commercial drones. Who are the market significant players? The significant players of the market include Aeronavics Ltd., 3D Robotics, Inc., Autel Robotics, AeroVironment Inc., FLIR Systems, Ehang Holdings, Holy Stone, Teal Drones, AgEagle Aerial Systems, Intel Corporation, PrecisionHawk, Inc., Parrot Group, SZ DJI Technology, Skydio, Inc., Yuneec Holding, etc. At what rate is the commercial drone market expanding? The market is expediting at a CAGR of nearly 28.58 from 2021 to 2030. Which market segment is the most dominant? The Rotary Blade segment of the Product section is the most dominant segment, with a share of around 80.12 % of the market in 2021. Sources: https://www.goldmansachs.com/insights/technology-driving-innovation/drones https://dronelife.com/2022/09/26/droneii-drone-market-report-where-the-drone-industry-will-grow-the-fastest-by-2030 https://www.insiderintelligence.com/insights/drone-industry-analysis-market-trends-growth-forecasts https://www.dronegenuity.com/post-covid-future-of-the-drone-industry https://www.flatworldsolutions.com/IT-services/articles/commercial-drone-industry-present-future.php https://www.mckinsey.com/industries/travel-logistics-and-infrastructure/our-insights/commercial-drones-are-here-the-future-of-unmanned-aerial-systems https://ec.europa.eu/commission/presscorner/detail/en/ip_22_7076 https://medium.com/aerial-acuity/dronedeploy-reveals-commercial-drone-industry-trends-1358b15ab824 https://www.oliverwyman.com/our-expertise/insights/2015/apr/in-commercial-drones--the-race-is-on.html https://www.azolifesciences.com/article/How-are-Drones-Changing-the-Future-of-Agriculture.aspx https://www.mckinsey.com/industries/aerospace-and-defense/our-insights/future-air-mobility-blog/drone-delivery-more-lift-than-you-think https://articles.cyzerg.com/how-drones-will-affect-the-logistics-industry-in-the-next-5-years/ https://www.adorama.com/alc/drones-in-cinematography-photography/ https://dronephotographybible.com/how-drones-have-changed-commercial-photography/ https://www.ibm.com/blogs/internet-of-things/commercial-autonomous-drone-advancement/ https://venturebeat.com/datadecisionmakers/how-drone-autonomy-unlocks-a-new-era-of-ai-opportunities/ 1. Introduction 1.1. Study Objective 1.2. Market Definition 1.3. Study Scope 1.3.1. Markets Covered 1.3.2. Geographic Scope 1.3.3. Years Considered 1.3.4. Stakeholders 2. Research Methodology 2.1. Data Procurement 2.2. Paid Database 2.2.1. Secondary Data 2.2.1.1. Key Secondary sources 2.2.2. Primary Data 2.2.2.1 Primary sources 2.2.2.2. Key industry insights 2.2.2.3. Primary interviews with experts 2.2.2.4. Key primary respondent list 2.3. Market Size Estimation 2.4. Bottom-Up and Top-Down Approaches 2.4.1. Bottom-Up Approach 2.4.1.1. Approach for arriving at market size By bottom-up analysis 2.4.2. Top-Down Approach 2.4.2.1. Approach for Capturing Market Size By Top-Down Analysis 2.5. Market Breakdown and Data Triangulation 2.6. Research Methodology 2.7. Risk Assessment 3. Executive Summary 3.1 Commercial Drone Market: Post-Covid-19 3.1.1 Actual Scenario 3.1.2 Pessimistic Scenario 3.1.3 Optimistic Scenario 3.1.4 Market Summary 4. Industry Outlook 4.1 Market Snapshot 4.2 Commercial Drone Market 4.2.1 Market, 2021 – 2030 (USD Million) 4.3 Regional Business Analysis 4.3.1 Market, By region, 2021 - 2030 (USD Million) 4.4 By Product Analysis 4.4.1 Market, By Product, 2021 - 2030 (USD Million) 4.5 By Application Analysis 4.5.1 Market, By Application, 2021 - 2030 (USD Million) 4.6 End-user Analysis 4.6.1 Market, By End-user, 2021 - 2030 (USD Million) 5. Market Dynamics 5.1. Introduction 5.2. Market Dynamics 5.2.1. Drivers 5.2.2. Restraints 5.2.3. Opportunities 5.2.4. Challenges 5.3. Impact of Covid-19 On the Market 5.4. Value Chain Analysis 5.5. Ecosystem 5.6. Patent Analysis 5.7. Trade Analysis 5.8. Tariff Analysis 5.9. Case Study Analysis 5.10. Porter’s Five Forces Analysis 5.10.1 Threat of New Entrants 5.10.2 Threat of Substitutes 5.10.3 Bargaining Power of Buyers 5.10.4 Bargaining Power of Suppliers 5.10.5 Degree of Competition 6. Competitive & Vendor Landscape 6.1. Company Market Share Analysis 6.2. Manufacturers Manufacturing Sites, Area Served, Product 6.3. Market Competitive Situation and Trends 6.4. Manufacturers Mergers & Acquisitions, Expansion Plans 7. Market: By Product Segment Analysis 7.1. Introduction 7.2. Sales Volume & Revenue Analysis (2021-2030) 7.3. Rotary Blade 7.3.1. Rotary Blade market, 2021 - 2030 (USD Million) 7.4. Fixed-wing 7.4.1. Fixed-wing market, 2021 - 2030 (USD Million) 7.5. Hybrid 7.5.1. Hybrid market, 2021 - 2030 (USD Million) 8. Market: By Application Segment Analysis 8.1. Introduction 8.2. Sales Volume & Revenue Analysis (2021-2030) 8.3. Surveillance & Monitoring 8.3.1. Surveillance & Monitoring Market, 2021 - 2030 (USD Million) 8.4. Inspection & Maintenance 8.4.1. Inspection & Maintenance Market, 2021 - 2030 (USD Million) 8.5. Filming & Photography 8.5.1. Filming & Photography Market, 2021 - 2030 (USD Million) 8.6. Precision Agriculture 8.6.1. Precision Agriculture Market, 2021 - 2030 (USD Million) 8.7. Mapping & Surveying 8.7.1. Mapping & Surveying Market, 2021 - 2030 (USD Million) 8.8. Others 8.8.1. Others Market, 2021 - 2030 (USD Million) 9. Market: By End-user Segment Analysis 9.1. Introduction 9.2. Sales Volume & Revenue Analysis (2021-2030) 9.3. Delivery & Logistics 9.3.1. Delivery & Logistics market, 2021 - 2030 (USD Million) 9.4. Agriculture 9.4.1. Agriculture market, 2021 - 2030 (USD Million) 9.5. Energy 9.5.1. Energy market, 2021 - 2030 (USD Million) 9.6. Security & Law Enforcement 9.6.1. Security & Law Enforcement market, 2021 - 2030 (USD Million) 9.7. Media & Entertainment 9.7.1. Media & Entertainment market, 2021 - 2030 (USD Million) 9.8. Real Estate & Construction 9.8.1. Real Estate & Construction market, 2021 - 2030 (USD Million) 9.9. Others 9.9.1. Others market, 2021 - 2030 (USD Million) 10. Market: Regional Outlook 10.1 North America 10.1.1. North America market, By Product, 2021 - 2030 (USD Million) 10.1.2. North America market, By Application, 2021 - 2030 (USD Million) 10.1.3. North America market, By Age Group, 2021 - 2030 (USD Million) 10.1.4. North America market, By Country, 2021 - 2030 (USD Million) 10.1.5. North America market, By End-user, 2021 - 2030 (USD Million) 10.1.4.1. U.S. 10.1.4.1.1. U.S. market, By Product, 2021 - 2030 (USD Million) 10.1.4.1.2. U.S. market, By Application, 2021 - 2030 (USD Million) 10.1.4.1.3. U.S. market, By Age Group, 2021 - 2030 (USD Million) 10.1.4.2. Canada 10.1.4.2.1. Canada market, By Product, 2021 - 2030 (USD Million) 10.1.4.2.2. Canada market, By Application, 2021 - 2030 (USD Million) 10.1.4.2.3. Canada market, By Age Group, 2021 - 2030 (USD Million) 10.2. Europe 10.2.1. Europe market, By Product, 2021 - 2030 (USD Million) 10.2.2. Europe market, By Application, 2021 - 2030 (USD Million) 10.2.3. Europe market, By Age Group, 2021 - 2030 (USD Million) 10.2.4. Europe market, By country, 2021 - 2030 (USD Million) 10.2.5. Europe market, By End-user, 2021 - 2030 (USD Million) 10.2.4.1 U.K. 10.2.4.1.1. U.K. market, By Product, 2021 - 2030 (USD Million) 10.2.4.1.2. U.K. market, By Application, 2021 - 2030 (USD Million) 10.2.4.1.3. U.K. market, By Age Group, 2021 - 2030 (USD Million) 10.2.4.2. Germany 10.2.4.2.1. Germany market, By Product, 2021 - 2030 (USD Million) 10.2.4.2.2. Germany market, By Application, 2021 - 2030 (USD Million) 10.2.4.2.3. Germany market, By Age Group, 2021 - 2030 (USD Million) 10.2.4.3. France 10.2.4.3.1. France market, By Product, 2021 - 2030 (USD Million) 10.2.4.3.2. France market, By Application, 2021 - 2030 (USD Million) 10.2.4.3.3. France market, By Age Group, 2021 - 2030 (USD Million) 10.2.4.4. Rest of Europe 10.2.4.4.1. Rest of Europe market, By Product, 2021 - 2030 (USD Million) 10.2.4.4.2. Rest of Europe market, By Application, 2021 - 2030 (USD Million) 10.2.4.4.3. Rest of Europe market, By Age Group, 2021 - 2030 (USD Million) 10.3. Asia Pacific 10.3.1. Asia Pacific market, By Product, 2021 - 2030 (USD Million) 10.3.2. Asia Pacific market, By Application, 2021 - 2030 (USD Million) 10.3.3. Asia Pacific market, By Age Group, 2021 - 2030 (USD Million) 10.3.4. Asia Pacific market, By country, 2021 - 2030 (USD Million) 10.3.5. Asia Pacific market, By End-user, 2021 - 2030 (USD Million) 10.3.4.1. China 10.3.4.1.1. China market, By Product, 2021 - 2030 (USD Million) 10.3.4.1.2. China market, By Application, 2021 - 2030 (USD Million) 10.3.4.1.3. China market, By Age Group, 2021 - 2030 (USD Million) 10.3.4.2. India 10.3.4.2.1. India market, By Product, 2021 - 2030 (USD Million) 10.3.4.2.2. India market, By Application, 2021 - 2030 (USD Million) 10.3.4.2.3. India market, By Age Group, 2021 - 2030 (USD Million) 10.3.4.3. Japan 10.3.4.3.1. Japan market, By Product, 2021 - 2030 (USD Million) 10.3.4.3.2. Japan market, By Application, 2021 - 2030 (USD Million) 10.3.4.3.3. Japan market, By Age Group, 2021 - 2030 (USD Million) 10.3.4.4. South Korea 10.3.4.4.1. South Korea market, By Product, 2021 - 2030 (USD Million) 10.3.4.4.2. South Korea market, By Application, 2021 - 2030 (USD Million) 10.3.4.4.3. South Korea market, By Age Group, 2021 - 2030 (USD Million) 10.3.4.5. Rest of ASIA PACIFIC 10.3.4.5.1. Rest of ASIA PACIFIC market, By Product, 2021 - 2030 (USD Million) 10.3.4.5.2. Rest of ASIA PACIFIC market, By Application, 2021 - 2030 (USD Million) 10.3.4.5.3. Rest of ASIA PACIFIC market, By Age Group, 2021 - 2030 (USD Million) 10.4. Latin America 10.4.1. Latin America market, By Product, 2021 - 2030 (USD Million) 10.4.2. Latin America market, By Application, 2021 - 2030 (USD Million) 10.4.3. Latin America market, By Age Group, 2021 - 2030 (USD Million) 10.4.4. Latin America market, By country, 2021 - 2030 (USD Million) 10.4.5. Latin America market, By End-user, 2021 - 2030 (USD Million) 10.4.4.1. Brazil 10.4.4.1.1. Brazil market, By Product, 2021 - 2030 (USD Million) 10.4.4.1.2. Brazil market, By Application, 2021 - 2030 (USD Million) 10.4.4.1.3. Brazil market, By Age Group, 2021 - 2030 (USD Million) 10.4.4.2 Mexico 10.4.4.2.1. Mexico market, By Product, 2021 - 2030 (USD Million) 10.4.4.2.2. Mexico market, By Application, 2021 - 2030 (USD Million) 10.4.4.2.3. Mexico market, By Age Group, 2021 - 2030 (USD Million) 10.4.4.3. Rest of Latin America 10.4.4.3.1. Rest of the Latin America market, By Product, 2021 - 2030 (USD Million) 10.4.4.3.2. Rest of the Latin America market, By Application, 2021 - 2030 (USD Million) 10.4.4.3.3. Rest of the Latin America market, By Age Group, 2021 - 2030 (USD Million) 10.5. MEA 10.5.1. MEA market, By Product, 2021 - 2030 (USD Million) 10.5.2. MEA market, By Application, 2021 - 2030 (USD Million) 10.5.3. MEA market, By Age Group, 2021 - 2030 (USD Million) 10.5.4. MEA market, By region, 2021 - 2030 (USD Million) 10.5.5. MEA market, By End-user, 2021 - 2030 (USD Million) 11. Competitive Landscape 11.1 AERONAVICS LTD 11.1.1. Company overview 11.1.2. Financial performance 11.1.3. Solutions Portfolio Analysis 11.1.4. Business Strategy & Recent Development 11.2. 3D Robotics, Inc. 11.2.1. Company overview 11.2.2. Financial performance 11.2.3. Solutions Portfolio Analysis 11.2.4. Business Strategy & Recent Development 11.3. Autel Robotics 11.3.1. Company overview 11.3.2. Financial performance 11.3.3. Solutions Portfolio Analysis 11.3.4. Business Strategy & Recent Development 11.4. AEROVIRONMENT INC. 11.4.1. Company overview 11.4.2. Financial performance 11.4.3. Solutions Portfolio Analysis 11.4.4. Business Strategy & Recent Development 11.5. FLIR Systems 11.5.1. Company overview 11.5.2. Financial performance 11.5.3. Solutions Portfolio Analysis 11.5.4. Business Strategy & Recent Development 11.6. Ehang Holdings 11.6.1. Company overview 11.6.2. Financial performance 11.6.3. Solutions Portfolio Analysis 11.6.4. Business Strategy & Recent Development 11.7. HOLY STONE 11.7.1. Company overview 11.7.2. Financial performance 11.7.3. Solutions Portfolio Analysis 11.7.4. Business Strategy & Recent Development 11.8. TEAL DRONES 11.8.1. Company overview 11.8.2. Financial performance 11.8.3. Solutions Portfolio Analysis 11.8.4. Business Strategy & Recent Development 11.9. AgEagle Aerial Systems 11.9.1. Company overview 11.9.2. Financial performance 11.9.3. Solutions Portfolio Analysis 11.9.4. Business Strategy & Recent Development 11.10. Intel Corporation 11.10.1. Company overview 11.10.2. Financial performance 11.10.3. Solutions Portfolio Analysis 11.10.4. Business Strategy & Recent Development 11.10. PRECISIONHAWK, INC. 11.10.1. Company overview 11.10.2. Financial performance 11.10.3. Solutions Portfolio Analysis 11.10.4. Business Strategy & Recent Development 11.11. Parrot Group. 11.11.1. Company overview 11.11.2. Financial performance 11.11.3. Solutions Portfolio Analysis 11.11.4. Business Strategy & Recent Development 11.12. SZ DJI Technology. 11.12.1. Company overview 11.12.2. Financial performance 11.12.3. Solutions Portfolio Analysis 11.12.4. Business Strategy & Recent Development 11.13. Skydio, Inc. 11.13.1. Company overview 11.13.2. Financial performance 11.13.3. Solutions Portfolio Analysis 11.13.4. Business Strategy & Recent Development 11.14. Yuneec Holding. 11.14.1. Company overview 11.14.2. Financial performance 11.14.3. Solutions Portfolio Analysis 11.14.4. Business Strategy & Recent Development List of Tables (61 Tables) TABLE 1. Market, By Product, 2021-2030 (USD Million) TABLE 2. Market FOR VR FLIR Systemsverse Games, BY REGION, 2021-2030 (USD Million) TABLE 3. Market FOR Gaming Engine, BY REGION, 2021-2030 (USD Million) TABLE 4. Market FOR Services, BY REGION, 2021-2030 (USD Million) TABLE 5. Market FOR Product, BY REGION, 2021-2030 (USD Million) TABLE 6. Market FOR Systems, BY REGION, 2021-2030 (USD Million) TABLE 7. MARKET, By Application, 2021-2030 (USD Million) TABLE 8. MARKET FOR 3D Headset, BY REGION, 2021-2030 (USD Million) TABLE 9. MARKET FOR TROLLEY-BASED DEVICES, BY REGION, 2021-2030 (USD Million) TABLE 10. MARKET, BY AGE GROUP, 2021-2030 (USD Million) TABLE 10. MARKET FOR 10 to 19 years, BY REGION, 2021-2030 (USD Million) TABLE 11. MARKET FOR 20 to 35 years, BY REGION, 2021-2030 (USD Million) TABLE 13. MARKET FOR Above 35 Years, BY REGION, 2021-2030 (USD Million) TABLE 14 MARKET FOR Musculoskeletal, BY REGION, 2021-2030 (USD Million) TABLE 15. MARKET FOR Vascular surgery, BY REGION, 2021-2030 (USD Million) TABLE 16. MARKET FOR Urology, BY REGION, 2021-2030 (USD Million) TABLE 17. MARKET FOR Other, BY REGION, 2021-2030 (USD Million) TABLE 18. MARKET, By End-user, 2021-2030 (USD Million) TABLE 19. MARKET FOR AR & VR, BY REGION, 2021-2030 (USD Million) TABLE 20. MARKET FOR Mixed Reality, BY REGION, 2021-2030 (USD Million) TABLE 21. MARKET FOR Blockchain (NFTs & Cryptocurrency), BY REGION, 2021-2030 (USD Million) TABLE 22. MARKET FOR Others, BY REGION, 2021-2030 (USD Million) TABLE 23. MARKET, BY REGION, 2021-2030 (USD Million) TABLE 24. NORTH AMERICA MARKET, BY COUNTRY, 2021-2030 (USD Million) TABLE 25. NORTH AMERICA MARKET, By Product, 2021-2030 (USD Million) TABLE 26. NORTH AMERICA MARKET, By Application, 2021-2030 (USD Million) TABLE 27. NORTH AMERICA MARKET, BY AGE GROUP, 2021-2030 (USD Million) TABLE 28. EUROPE MARKET, BY COUNTRY, 2021-2030 (USD Million) TABLE 29. EUROPE MARKET, By Product, 2021-2030 (USD Million) TABLE 30. EUROPE MARKET, By Application, 2021-2030 (USD Million) TABLE 31. EUROPE MARKET, BY AGE GROUP, 2021-2030 (USD Million) TABLE 32. ASIA-PACIFIC MARKET, BY COUNTRY, 2021-2030 (USD Million) TABLE 33. ASIA-PACIFIC MARKET, By Product, 2021-2030 (USD Million) TABLE 34. ASIA-PACIFIC MARKET, By Application, 2021-2030 (USD Million) TABLE 35. ASIA-PACIFIC MARKET, BY AGE GROUP, 2021-2030 (USD Million) TABLE 36. LAMEA MARKET, BY COUNTRY, 2021-2030 (USD Million) TABLE 37. LAMEA MARKET, By Product, 2021-2030 (USD Million) TABLE 38. LAMEA MARKET, By End-user, 2021-2030 (USD Million) TABLE 39. LAMEA MARKET, BY AGE GROUP, 2021-2030 (USD Million) TABLE 40. AERONAVICS LTD: COMPANY SNAPSHOT TABLE 41. AERONAVICS LTD: OPERATING SEGMENTS TABLE 42. 3D Robotics, Inc.: COMPANY SNAPSHOT TABLE 43. 3D Robotics, Inc.: OPERATING SEGMENTS TABLE 44. Autel Robotics: COMPANY SNAPSHOT TABLE 45. Autel Robotics: OPERATING SEGMENTS TABLE 46. AEROVIRONMENT INC.: COMPANY SNAPSHOT TABLE 47. AEROVIRONMENT INC.: OPERATING SEGMENTS TABLE 48. FLIR Systems: COMPANY SNAPSHOT TABLE 49. FLIR Systems: OPERATING SEGMENTS TABLE 50. Ehang Holdings : COMPANY SNAPSHOT TABLE 51. Ehang Holdings : OPERATING SEGMENTS TABLE 52. HOLY STONE: COMPANY SNAPSHOT TABLE 53. HOLY STONE: OPERATING SEGMENTS TABLE 54. TEAL DRONES: COMPANY SNAPSHOT TABLE 55. TEAL DRONES: OPERATING SEGMENTS TABLE 56. AgEagle Aerial Systems: COMPANY SNAPSHOT TABLE 57. AgEagle Aerial Systems: OPERATING SEGMENTS TABLE 58. Intel Corporation: COMPANY SNAPSHOT TABLE 59. Intel Corporation: OPERATING SEGMENTS TABLE 60. PRECISIONHAWK, INC.: COMPANY SNAPSHOT TABLE 61. PRECISIONHAWK, INC.: OPERATING SEGMENTS List of Figures (22 Figures) Figure 1 Market: Research Methodology Steps Figure 2 Research Design Figure 3 Breakdown of Primaries: Market Figure 4 Research Methodology: Hypothesis Building Figure 5 Market: Product-Based Estimation Figure 6 Top 15 Companies with Highest No. Of Patent in Last 9 Years Figure 7 No. Of Patents Granted Per Year, 2019–2020 Figure 8 Import Data for Commercial Drone, By Country, 2016–2020 (USD Thousand) Figure 9 Export Data for Commercial Drone, By Country, 2016–2020 (USD Thousand) Figure 10 Data Triangulation Methodology Figure 11 Market, By Application, 2019 vs. 2025 (USD Million) Figure 12 Market Share, By Product, 2019 vs. 2025 (USD Million) Figure 13 Market Share, By End-user, 2019 vs. 2025 (USD Million) Figure 14 Geographical Snapshot of the Market Figure 15 Media & Entertainment to Witness Higher CAGR in Market for End-user Driving during Forecast Period. Figure 16 Filming & Photography to Witness Higher CAGR in Market for Application Driving during Forecast Period. Figure 17 Rotary Blade to Witness Higher CAGR in Market for Product Driving during Forecast Period. Figure 18 North America Accounted for the Largest Share of the Market, By Regional Basis, in 2019 Figure 19 Market: Drivers, Restraints, Opportunities, and Challenges Figure 20 North America: Market Snapshot Figure 21 Asia Pacific: Market Snapshot Figure 22 Vendor Dive: Evaluation Overview