Commercial UAV Market Analysis By Product (Fixed Wing, Rotary Blade, Nano, Hybrid), By Application (Agriculture, Energy, Government, Media & Entertainment) And Segment Forecasts To 2022

Published: Nov, 2015 | Pages: 88 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global commercial UAV market size is expected to reach USD 2.07 billion by 2022, according to a new study by Grand View Research, Inc.

Increasing applications in agriculture and law enforcement are expected to drive the commercial UAV industry growth over the forecast period. Commercial drones are finding applications across various industry verticals globally. Every industrialized country in the world is making investments in drones, thus driving the scope and technological developments for applications in the commercial UAV market.

Drones are contemporary alternatives for activities, where human life cannot be risked. Such drones find applications in various industrial verticals including military, homeland security, retail, and agriculture. The demand is significantly higher for military applications, although commercial applications are progressively catching up.

Aviation regulatory bodies such as the Federal Aviation Administration (FAA) have imposed restrictions on the use of such drones taking into consideration the difficulties in managing such huge air traffic and the safety of the citizens. However, the FAA is known to be undertaking an initiative to accelerate the UAV approval process for public safety agencies and broaden access to civilian organizations for a variety of commercial, industrial, and other applications.

Further key findings from the study suggest:

Rotary blade drones accounted for over 70% of the global market share owing to their easy maneuverability and compact design. Moreover, such single and multi-rotor drones equipped with rotary blades have Vertical Take-Off and Landing (VTOL) abilities for applications, where there is limitation of space for fixed blade drones to take off. The development of advanced hybrid UAVs that operate on non-conventional sources of energy and nano, small miniature drones serve multiple applications across various industry verticals.
Government applications dominated the global commercial UAV industry constituting over 40% of the market share in 2014. Increasing applications in law enforcement, security and surveillance, R&D activities, infrastructure, disaster management, and environmental studies have led to an increased demand for such unmanned aerial vehicles from the concerned government agencies. Innovative applications across agricultural sector have made it the fastest growing application segment, which is projected to grow at a CAGR of over 18% from 2015 to 2022. Special agricultural drones can take snapshots of fields and help in analyzing crops. In addition, fix winged drones can be used for applications such as watering, spreading seeds, fertilizers, and pesticides over large farm fields that drastically reduce the time required and increase the efficiency.
North America is expected to grow at a CAGR of over 16% over the forecast period on account of concentration of major drone manufacturers and increasing applications in the commercial sectors in the region. Governments and technology giants across the world are striving hard to provide internet to the people as a basic necessity. Facebook Inc. recently acquired Ascenta, a drone manufacturer for its pilot project to provide internet in remote areas using drones as movable wireless access points. Relaxation in regulations and increasing use of drones in law enforcement activities in Europe have led to the regional industry growth.
Major industry participants include AeroVironment Inc., BAE Systems, DJI, Elbit Systems, Parrot SA, Israel Aerospace Industries, The Boeing Company, and Textron Inc. Manufacturers resort to mergers and acquisitions as their key growth strategy to make their presence felt in the industry. Augmented funding, technological collaborations, and government agencies are expected to emerge as critical success factors for industry growth.

Table of Content

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Commercial UAV - Industry snapshot and key buying criteria, 2012 - 2022
Chapter 3. Commercial UAV Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Commercial UAV value chain analysis
3.3.1. Vendor landscape
3.4. Commercial UAV - Technology roadmap
3.5. Commercial UAV market dynamics
3.5.1. Market driver analysis
3.5.1.1. Technological proliferation
3.5.1.2. Escalating demands from commercial applications
3.5.1.3. Effective adoption of UAV for law enforcements
3.5.2. Market restraint analysis
3.5.2.1. Stringent government regulations
3.5.2.2. Scarcity of trained pilots
3.5.2.3. Air traffic management and security and safety issues
3.6. Key opportunities prioritized
3.7. Industry analysis - Porter's
3.8. Commercial UAV - Key competitor analysis, 2014
3.8.1. Company strategy overview
3.9. Commercial UAV market PESTEL analysis, 2014
Chapter 4. Commercial UAV Product Outlook
4.1.1. Fixed wing UAV
4.1.1.1. Global market estimates and forecasts, 2012 - 2022
4.1.2. Rotary blade UAV
4.1.2.1. Global market estimates and forecasts, 2012 - 2022
4.1.3. Nano UAV
4.1.3.1. Global market estimates and forecasts, 2012 - 2022
4.1.4. Hybrid UAV
4.1.4.1. Global market estimates and forecasts, 2012 - 2022
Chapter 5. Commercial UAV Application Outlook
5.1. Government
5.1.1. Global market estimates and forecasts, 2012 - 2022
5.2. Energy
5.2.1. Global market estimates and forecasts, 2012 - 2022
5.3. Agriculture
5.3.1. Global market estimates and forecasts, 2012 - 2022
5.4. Media and entertainment
5.4.1. Global market estimates and forecasts, 2012 - 2022
5.5. Retail
5.5.1. Global market estimates and forecasts, 2012 - 2022
Chapter 6. Commercial UAV Regional Outlook
6.1. North America
6.1.1. Commercial UAV market by product, 2012 - 2022
6.1.2. Commercial UAV market by application, 2012 - 2022
6.1.3. U.S.
6.1.3.1. Commercial UAV market by product, 2012 - 2022
6.1.3.2. Commercial UAV market by application, 2012 - 2022
6.1.4. Canada
6.1.4.1. Commercial UAV market by product, 2012 - 2022
6.1.4.2. Commercial UAV market by application, 2012 - 2022
6.2. Europe
6.2.1. Commercial UAV market by product, 2012 - 2022
6.2.2. Commercial UAV market by application, 2012 - 2022
6.2.3. Germany
6.2.3.1. Commercial UAV market by product, 2012 - 2022
6.2.3.2. Commercial UAV market by application, 2012 - 2022
6.2.4. UK
6.2.4.1. Commercial UAV market by product, 2012 - 2022
6.2.4.2. Commercial UAV market by application, 2012 - 2022
6.3. Asia Pacific
6.3.1. Commercial UAV market by product, 2012 - 2022
6.3.2. Commercial UAV market by application, 2012 - 2022
6.3.3. China
6.3.3.1. Commercial UAV market by product, 2012 - 2022
6.3.3.2. Commercial UAV market by application, 2012 - 2022
6.3.4. Japan
6.3.4.1. Commercial UAV market by product, 2012 - 2022
6.3.4.2. Commercial UAV market by application, 2012 - 2022
6.4. Latin America
6.4.1. Commercial UAV market by product, 2012 - 2022
6.4.2. Commercial UAV market by application2012 - 2022
6.5. MEA
6.5.1. Commercial UAV market by product, 2012 - 2022
6.5.2. Commercial UAV market by application, 2012 - 2022
Chapter 7. Competitive Landscape
7.1. AeroVironment Inc.
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. Aurora Flight
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. BAE Systems PLC
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Challis Heliplane UAV Inc.
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. Denel Dynamics
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. DJI Innovations
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Draganflyer
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Elbit Systems Ltd.
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. General Atomics
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Strategic Initiatives
7.10. General Dynamics Corporation
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives
7.11. Israel Aerospace Industries
7.11.1. Company Overview
7.11.2. Financial Performance
7.11.3. Product Benchmarking
7.11.4. Strategic Initiatives
7.12. Lockheed Martin Corporation
7.12.1. Company Overview
7.12.2. Financial Performance
7.12.3. Product Benchmarking
7.12.4 Strategic Initiatives
7.13. Northrop Grumman
7.13.1. Company Overview
7.13.2. Financial Performance
7.13.3. Product Benchmarking
7.13.4. Strategic Initiatives
7.14. Parrot SA
7.14.1. Company Overview
7.14.2. Financial Performance
7.14.3. Product Benchmarking
7.14.4. Strategic Initiatives
7.15. Prox Dynamics AS
7.15.1. Company Overview
7.15.2. Financial Performance
7.15.3. Product Benchmarking
7.15.4. Strategic Initiatives
7.16. SAIC
7.16.1. Company Overview
7.16.2. Financial Performance
7.16.3. Product Benchmarking
7.16.4. Strategic Initiatives
7.17. Textron Inc.
7.17.1. Company Overview
7.17.2. Financial Performance
7.17.3. Product Benchmarking
7.17.4. Strategic Initiatives
7.18. Thales Group
7.18.1. Company Overview
7.18.2. Financial Performance
7.18.3. Product Benchmarking
7.18.4. Strategic Initiatives
7.19. The Boeing Company
7.19.1. Company Overview
7.19.2. Financial Performance
7.19.3. Product Benchmarking
7.19.4. Strategic Initiatives
7.20. Turkish Aerospace Industries Inc.
7.20.1. Company Overview
7.20.2. Financial Performance
7.20.3. Product Benchmarking
7.20.4. Strategic Initiatives

List of Tables

1. Commercial UAV - Industry Summary & Key Buying Criteria, 2012-2022
2. Global commercial UAV market, (USD Million), 2012 - 2022
3. Global commercial UAV market by region, (USD Million), 2012 - 2022
4. Global commercial UAV market by product, (USD Million), 2012 - 2022
5. Global commercial UAV market by application, (USD Million), 2012 - 2022
6. Raw material suppliers
7. Commercial UAV manufacturers
8. Competitive analysis by product
9. Global fixed wing commercial UAV market (USD Million), 2012 - 2022
10. Global fixed wing commercial UAV market by region (USD Million), 2012 - 2022
11. Global rotary blade commercial UAV market (USD Million), 2012 - 2022
12. Global rotary blade commercial UAV market by region (USD Million), 2012 - 2022
13. Global nano commercial UAV market (USD Million), 2012 - 2022
14. Global nano commercial UAV market by region (USD Million), 2012 - 2022
15. Global hybrid commercial UAV market (USD Million), 2012 - 2022
16. Global hybrid commercial UAV market by region, 2012 - 2022 (USD Million)
17. Global commercial UAV demand in government (USD Million), 2012 - 2022
18. Global commercial UAV demand in government by region (USD Million), 2012 - 2022
19. Global commercial UAV demand in energy sector (USD Million), 2012 - 2022
20. Global commercial UAV demand in energy sector by region (USD Million), 2012 - 2022
21. Global commercial UAV demand in agriculture (USD Million), 2012 - 2022
22. Global commercial UAV demand in agriculture by region (USD Million), 2012 - 2022
23. Global commercial UAV demand in media and entertainment (USD Million), 2012 - 2022
24. Global commercial UAV demand in media and entertainment by region, 2012 - 2022 (USD Million)
25. Global commercial UAV demand in retail (USD Million), 2012 - 2022
26. Global commercial UAV demand in retail by region, 2012 - 2022 (USD Million)
27. North America market by product, 2012 - 2022 (USD Million)
28. North America market by application, 2012 - 2022 (USD Million)
29. U.S. market by product, 2012 - 2022 (USD Million)
30. U.S. market by application, 2012 - 2022 (USD Million)
31. Canada market by product, 2012 - 2022 (USD Million)
32. Canada market by application, 2012 - 2022 (USD Million)
33. Europe market by product, 2012 - 2022 (USD Million)
34. Europe market by application, 2012 - 2022 (USD Million)
35. Germany market by product, 2012 - 2022 (USD Million)
36. Germany market by application, 2012 - 2022 (USD Million)
37. UK market by product, 2012 - 2022 (USD Million)
38. UK market by application, 2012 - 2022 (USD Million)
39. Asia Pacific market by product, 2012 - 2022 (USD Million)
40. Asia Pacific market by application, 2012 - 2022 (USD Million)
41. China market by product, 2012 - 2022 (USD Million)
42. China market by application, 2012 - 2022 (USD Million)
43. Japan market by product, 2012 - 2022 (USD Million)
44. Japan market by application, 2012 - 2022 (USD Million)
45. Latin America market by product, 2012 - 2022 (USD Million)
46. Latin America market by application, 2012 - 2022 (USD Million)
47. MEA market by product, 2012 - 2022 (USD Million)
48. MEA market by application, 2012 - 2022 (USD Million)