Commercial Drone Market Availability of Substitute Products,
Applications By 2022
“Commercial Drone Market size was estimated to be USD 552 million in 2014
and is projected to reach USD 2.07 billion by 2022, with a CAGR of 16.9%.
Increased usage in law enforcement and agriculture sectors are anticipated
to have a favorable impact on the market over the forecast period.”
The global Commercial Drone Market size was estimated to be USD 552 million in 2014 and is projected to
reach USD 2.07 billion by 2022, with a CAGR of 16.9%. Increased usage in law enforcement and agriculture
sectors are anticipated to have a favorable impact on the market over the forecast period. The drones are also
called Unmanned Aerial Vehicles (UAVs) which encompass unpiloted aerial vehicles and remotely piloted. These
UAVs have applications in several industrial areas which include homeland security, military, retail and
agriculture. Demand is significantly higher for military applications, although commercial applications are
gradually catching up. Retailing and E-commerce industries are trying to use such UAVs in order to deliver
products to the customers in a very short span of time.
In July 2015, Amazon proposed to allocate a distinct airspace zone to operate these unmanned aerial aircraft
for the purpose of delivering goods to customers. However, such initiatives are not approved by the government
and regulations are formed for the use of drones once they are launched in the market for the above mentioned
purpose. Governments across the globe are using these unmanned aerial vehicles in various applications such
as infrastructure, law enforcement, R&D & scientific research, in disaster management activities and
environmental studies. Aviation regulatory bodies such as the European Aviation Safety Agency (EASA) and the
Federal Aviation Administration (FAA) from the U.S. have barred the use of UAVs considering the limitations in
handling the air traffic on such a large scale and the safety will be concern for the citizens.
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