Commercial Drones Market Forecast Report (2015 – 2020): by Segments (Hardware; Software; Services); by Verticals (Energy, Agriculture, Real Estate, Mining, Logistics Media & Entertainment,); by Regions (NA, Europe, APAC, CALA, MEA)
The 2016 Arcluster Market Forecast Report on Commercial Drones covers the market dynamics, assumptions, forces, segments, sizes and forecasts of commercial drones for the period 2015 – 2020. This report is a presentation brief targeted primarily at providing the market trends and forecasts with demand side insights and key vendor profiles. Market data, which forms the backbone of the study, has been gathered through a rigorous period of information from both secondary and primary sources through interviews with industry participants, manufacturers, enterprises, small and medium businesses, channel players and regulators.
Commercial Drones market to exceed $4.5 Billion in 2020
Drones are set to take off everywhere. This is evident from the surge in market traction in the adoption of small UAVs for multiple commercial applications. Strong market growth is expected across several applications in news, media and entertainment, public safety, agriculture and inspection industries. The rising popularity of drones for emerging and niche applications is expected to drive the commercial drones market in the next decade.
Findings from the study indicate that the market for commercial drones is estimated to exceed $2.15 billion in the next 3 years and expected to reach $4.53 billion in 2020, growing at a CAGR of 60% between 2015 and 2020. Commercial drones employed in farms alone are forecasted to account for $1.08 billion in 2020, representing 30.7% of the overall market. Among other verticals, the market for drones employed in Logistics and supply chain and News, Media and Entertainment is expected to grow at above 75% CAGR. During the forecast period, the market for services is expected to outgrow the market for software. This is a key indicator for mass market enterprise pick up of the consumeristic nature of drones. The report also states that North America contributes to approximately 30% of the revenues in the overall commercial drones market through the forecast period.
The market for commercial drones is segmented into three categories – Segments, Verticals and Regions. Each of these categories are further segmented by types.
By Segments – the market size and forecasts for commercial drones are provided by Hardware, Software and Services.
By Verticals – the market size and forecasts are provided for 7 verticals – Energy and Utilities, Agriculture, Real Estate, Mining and Construction, News, Media & Entertainment, Logistics and Supply Chain & Others.
By Regions – the market size and forecasts are provided for 5 regions – North
America, Europe, Middle-East & Africa, Central /Latin America & Asia-Pacific.
Arcluster’s latest report on commercial drones covers the market dynamics, assumptions, forces, segments, sizes and forecasts for the period 2015 – 2020, and is targeted primarily at providing the market trends and forecasts with demand side insights and brief vendor profiles. The report is a useful marketing, strategy and business planning aid to companies and corporations that cater to the UAV and drones market.
Readers can benefit from the wealth of quantitative market data on various segments and perspectives across the ecosystem. These data points can be valuable enablers for decision makers to quickly understand the current and evolving market opportunities, helping them to make marketing decisions and solutions. The 2016 forecast report on Commercial Drones is part of an ongoing series of market reports that focus on micro emerging trends, market sizes and forecasts of drones and UAVs across multiple regions and countries.
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