Global Commercial Drones Market to Reach $18.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Commercial Drones estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$18.2 Billion by 2027, growing at a CAGR of 20.5% over the period 2020-2027.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 20.1% CAGR
The Commercial Drones market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 20.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 17.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.We bring years of research experience to this 18th edition of our report. The 202-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- AeroVironment Inc.
- Agribotix, LLC
- Cyberhawk Innovations Ltd.
- CyPhy Works Inc.
- Draganfly Innovations Inc.
- Drone Aviation Holding Corporation
- EHang Inc.
- Intel Corporation
- Lockheed Martin Corporation
- Parrot SA
- Skycatch Inc.
- SZ DJI Technology Co. Ltd.
- Yuneec International Co., Ltd.