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Smart Commercial Drones Market worth USD 985.61 Billion by 2028 – Exclusive Report by Emergen Research

By Biswas Debanjan

Posted on September 5, 2022

According to the most recent analysis by Emergen, the size of the worldwide smart commercial drone market is anticipated to reach USD 985.61 billion in 2028 and experience a revenue CAGR of 79.8% during the projected period. A few of the major reasons propelling the revenue growth of the worldwide smart commercial drones market are the quick acceptance of drones for business purposes and technological developments in commercial drones. Smart commercial drones are equipped with features like audio and video recording capabilities and are technologically sophisticated. Due to the increased acceptance of these aircraft throughout numerous businesses and sectors, high definition (HD) cameras, sensors, and drone camera range visibility have all improved.

The use of the intelligent drone enables the monitoring of wildlife populations and a deeper comprehension of the condition of ecosystems and animal species. The use of intelligent commercial drones is also common in regeneration operations; these drones clear burned-out forest floors and release seed canisters filled with seeds, fertilizer, and other plant-growth-promoting ingredients. Intelligent drones are used to plant seeds, keeping the forest healthy. The number of corporate use cases for drones has significantly expanded during the past few years.

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Some Key Highlights From the Report

Qualcomm Technologies, Inc. unveiled its “Qualcomm Flight RB5 5G platform” for drones in August 2021. This platform has powerful heterogeneous processing with low power consumption, long-range connection, and camera frequency support, making it the first 5G and artificial intelligence (AI) drone platform in the history of the planet. This ground-breaking development in drone technology is anticipated to create a more lucrative potential for the use of drones in a variety of future applications.
Due to the growing use of drones for aerial surveillance and monitoring, the fixed-winged category accounted for a notably substantial revenue share in 2020. Defense spending is now being allocated for security and surveillance of border areas and sensitive areas between borders, in addition to aerial monitoring of COVID-19-affected areas. Demand for fixed-winged smart drones has been rising as a result of these drones’ suitability due to their long flight times at higher altitudes and ability to carry more weight than other drone types.
Due to the quick uptake of smart drones for numerous applications, including traffic management, crime scene investigation, hobbyist applications, adventure sports videography, jamming analysis, and multimedia applications, the North American market held the greatest revenue share in 2020.
AeroVironment, Inc., Da-Jiang Innovations (DJI), Parrot Drone SAS, 3D Robotics (3DR), Elbit Systems Ltd., HUVRData, LLC, XAIRCRAFT Technology Co., Ltd., Yamaha Motor Co., Ltd., DraganFly Innovations Inc., and PrecisionHawk, Inc. are a few notable businesses mentioned in the global market study.

Emergen Research has segmented the global smart commercial drones market based on type, component, application, end-user, and region:

Type Outlook (Revenue, USD Million, 2018–2028)
- Fixed-Wing
- Multi-Rotor
- Helicopters
- Others

Component (Revenue, USD Million, 2018–2028)
- Payload
- Guidance, Navigation & Control
- Propulsion System

Application Outlook (Revenue, USD Million, 2018–2028)
- Delivery & Logistics
- Agriculture Monitoring
- Security & Law Enforcement
- Disaster Management
- Mapping
- Film Making
- Networking for Remote Areas
- Environmental Drones
- Others

End-Use Outlook (Revenue, USD Million, 2018–2028)
- Transport & Logistics
- Agriculture
- Oil & Gas
- Entertainment & Media
- Real Estate & Construction
- Others

Regional Outlook (Revenue, USD Million, 2018–2028)
- North America
  1. the U.S.
  2. Canada
  3. Mexico
- Europe
  1. Germany
  2. the U.K.
  3. France
  4. Spain
  5. BENELUX
  6. Rest of Europe
- Asia-Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
- Latin America
  1. Brazil
  2. Rest of LATAM
- Middle East & Africa
  1. Saudi Arabia
  2. UAE
  3. Israel
  4. Rest Of MEA