Technavio Announces the Publication of its Research Report Global Commercial Drone Enabled-Services Market 2016-2020
Technavio recognizes the following companies as the key players in the global commercial drone enabled-services market: 3D Robotics, AeroVironment, DJI, Leptron, Parrot, PrecisionHawk, and Trimble UAS.
Other prominent vendors in the market are: Airdog, Airware, Alibaba.com, Amazon.com, Delair-Tech, Delta Drone, DHL Express, DroneDeploy, ECA Group, Facebook, Freeport-McMoRan, Google, GoPro, Hexo+, Hoovy, Microdrones, Oceaneering International, Redbird, SURVEY Copter, and VDOS Global.
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Commenting on the report, an analyst from Technavios team said: One of latest trends in the market is emergence of drone racing as major sport event. The use of consumer drones for sports is increasing with its growing popularity. Mountain Dew, a carbonated soft drink brand produced and owned by PepsiCo, and DR1 Racing organized a drone race in August 2016. The event used 12 of the worlds top drone-racing pilots. They controlled the drones from the top of the dam and maneuvered them around a large number of obstacles while flying them at speeds of more than 75 miles per hour. The race included various heats, qualifiers, and finals over the course of two days. The race was sponsored by Mountain Dew and was broadcasted globally through international sports networks like ESPN and the International Drone Racing Association. They broadcasted the event live on cable TV. A one-hour broadcast aired on Discovery Communication’s Discovery and Science channels. With drone racing gaining more popularity, the market is expected to experience significant growth during the forecast period.
According to the report, one of the primary drivers in the market is integration of commercial drones with VR technology. With technological advances, operational processes in several organizations are undergoing significant changes. Companies are increasingly focusing on developing a mobile workforce to function efficiently and to improve business operations. Various sectors such as infrastructure, tourism, agriculture, defense, oil and gas, and mining are investing heavily in workforce automation, which involves the integration of commercial drones with virtual reality (VR) and AR. With the use of such drones, companies aim to reduce human error. The integration of VR and AR into commercial drones offer different companies solutions for workforce automation. For instance, in the defense sector, drones are directly deployed to relay real-time information about enemy locations, blast sites, and directions. The information can be remotely accessed by military personnel using AR technology. The information is used to design and implement effective strategies, identify access routes, and monitor physically inaccessible locations for military operations.
Further, the report states that one major challenge in the market is connectivity issues with other electronic devices. Commercial drones require reliable high-speed internet connectivity to perform effectively. Though countries such as the US, the UK, and Japan have state-of-the-art wireless connectivity infrastructure, there are several countries that lack basic infrastructure. The OS of commercial drones needs to be compatible with the bandwidth to allow the seamless flow of data. As drones are often subject to movement in remote locations and locations that are physically inaccessible, connectivity issues are one of the major challenges faced by consumers. In addition, the integration of commercial drones with various technologies requires seamless connectivity to avoid inconsistencies in the flow of data. Low connectivity affects commercial drone services and hampers regular operations as data collection gets affected.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Commercial Drone Enabled-Services
Drones are UAVs that are flown and controlled using handheld or GPS remote controls. The accelerometers attached to the drones help in controlling the drone while it is flying. Drones are used for surveillance, rescue missions, high-altitude photography, natural or man-made disaster management, product delivery, monitoring, internet connectivity, and photography and entertainment.
Technavios analysts forecast the global commercial drone enabled-services market to grow at a CAGR of 35.47% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial drone enabled-services market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of commercial drone-enabled services.
The market is divided into the following segments based on geography:
Technavio’s report, Global Commercial Drone Enabled-Services Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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