Semiconductors & Electronics Industry Commercial Drone Market Research Report, 2022 | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future and flying capability. These machines are also used in real estate industry to capture aerial shots of the infrastructure. Browse Details of Report@ https://www.hexaresearch.com/research-report/commercial-drone-market Rotary blade accounted for over 75% of the overall industry share in 2014. It is expected to dominate the industry due to its fixed position hovering and multi-directional flying capability. Nano drone was valued at USD 38.7 million in 2014 and is projected to witness highest growth rate over the forecast period. This spur can be addressed to its portability and efficient application in security and photography activities Event organizers are increasingly using drones for safety and proper crowd management. Growing usage in law enforcement activities is projected to fuel the demand. It is mainly used to gather evidence and also investigate crime scenes by capturing high definition videos as well as photos. Strict government norms regarding safety and privacy concerns are anticipated to hinder the industry growth. Scarcity of trained pilots in the industry owing to lack of training and career opportunities pose as a key challenge to the industry demand. Commercial drones are anticipated to witness significant growth opportunities due to increasing demand from agriculture industry for crop management to augment yields. Key report insights suggest: - Global commercial (UAV) drone market was valued at USD 552.0 million in 2014 and it is likely to reach USD 2,069.6 million by 2022 growing with an estimated CAGR of 16.9% from 2015 to 2020. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/